Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09682048 Mr Roger Davies Miss Louise Cornell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09682048 2023-07-31 09682048 2024-07-31 09682048 2023-08-01 2024-07-31 09682048 frs-core:CurrentFinancialInstruments 2024-07-31 09682048 frs-core:Non-currentFinancialInstruments 2024-07-31 09682048 frs-core:ComputerEquipment 2024-07-31 09682048 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09682048 frs-core:ComputerEquipment 2023-07-31 09682048 frs-core:NetGoodwill 2024-07-31 09682048 frs-core:NetGoodwill 2023-08-01 2024-07-31 09682048 frs-core:NetGoodwill 2023-07-31 09682048 frs-core:MotorVehicles 2024-07-31 09682048 frs-core:MotorVehicles 2023-08-01 2024-07-31 09682048 frs-core:MotorVehicles 2023-07-31 09682048 frs-core:PlantMachinery 2024-07-31 09682048 frs-core:PlantMachinery 2023-08-01 2024-07-31 09682048 frs-core:PlantMachinery 2023-07-31 09682048 frs-core:ShareCapital 2024-07-31 09682048 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09682048 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09682048 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09682048 frs-bus:SmallEntities 2023-08-01 2024-07-31 09682048 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09682048 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09682048 1 2023-08-01 2024-07-31 09682048 frs-bus:Director1 2023-08-01 2024-07-31 09682048 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 09682048 frs-core:Non-currentFinancialInstruments 5 2024-07-31 09682048 frs-countries:EnglandWales 2023-08-01 2024-07-31 09682048 2022-07-31 09682048 2023-07-31 09682048 2022-08-01 2023-07-31 09682048 frs-core:CurrentFinancialInstruments 2023-07-31 09682048 frs-core:Non-currentFinancialInstruments 2023-07-31 09682048 frs-core:ShareCapital 2023-07-31 09682048 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09682048 frs-core:Non-currentFinancialInstruments 5 2023-07-31
Registered number: 09682048
Mad Ideas Engineered Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Lloyd Richards Ltd
Eaton House Stoke Prior Lane
Leominster
Herefordshire
HR6 0NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09682048
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 2,000
Tangible Assets 5 5,908 10,434
6,908 12,434
CURRENT ASSETS
Debtors 6 9,948 14,360
Cash at bank and in hand 45,968 62,077
55,916 76,437
Creditors: Amounts Falling Due Within One Year 7 (11,358 ) (11,856 )
NET CURRENT ASSETS (LIABILITIES) 44,558 64,581
TOTAL ASSETS LESS CURRENT LIABILITIES 51,466 77,015
Creditors: Amounts Falling Due After More Than One Year 8 - (44,377 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (1,122 ) (2,609 )
NET ASSETS 50,344 30,029
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 50,244 29,929
SHAREHOLDERS' FUNDS 50,344 30,029
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Roger Davies
Director
18/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mad Ideas Engineered Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09682048 . The registered office is Eaton House, Stoke Prior Lane, Leominster, Herefordshire, HR6 0NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% S/L
Motor Vehicles 20% S/L
Computer Equipment 33.33% S/L
2.5. Taxation
Corporation tax is calculated at the relevant rates for the tax years applicable to the period reported upon.
Provision is made for deferred tax at the rates applicable at the balance sheet date in the event of the net book value of assets exceeding their written down value for tax purposes.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 -
Manufacturing 1 1
2 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Amortisation
As at 1 August 2023 8,000
Provided during the period 1,000
As at 31 July 2024 9,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 1,000
As at 1 August 2023 2,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 84,603 7,500 1,153 93,256
As at 31 July 2024 84,603 7,500 1,153 93,256
Depreciation
As at 1 August 2023 78,544 3,125 1,153 82,822
Provided during the period 3,026 1,500 - 4,526
As at 31 July 2024 81,570 4,625 1,153 87,348
Net Book Value
As at 31 July 2024 3,033 2,875 - 5,908
As at 1 August 2023 6,059 4,375 - 10,434
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 8,542 14,252
Prepayments and accrued income 1,367 108
Other taxes and social security 39 -
9,948 14,360
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 1,271 90
Corporation tax 6,416 7,453
VAT 1,846 2,921
Pension Contributions 37 -
Accruals and deferred income 1,610 607
Director's loan account 178 785
11,358 11,856
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Loans - 44,377
Page 4
Page 5
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
as restated
£ £
Other timing differences 1,122 2,609
10. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Roger Davies by virtue of his ownership of 100% of the issued share capital in the company.
Page 5