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 10805622 Mr Waseem Raja iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10805622 2023-07-31 10805622 2024-07-31 10805622 2023-08-01 2024-07-31 10805622 frs-core:CurrentFinancialInstruments 2024-07-31 10805622 frs-core:Non-currentFinancialInstruments 2024-07-31 10805622 frs-core:PlantMachinery 2024-07-31 10805622 frs-core:PlantMachinery 2023-08-01 2024-07-31 10805622 frs-core:PlantMachinery 2023-07-31 10805622 frs-core:ShareCapital 2024-07-31 10805622 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10805622 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10805622 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10805622 frs-bus:SmallEntities 2023-08-01 2024-07-31 10805622 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10805622 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10805622 frs-bus:Director1 2023-08-01 2024-07-31 10805622 frs-bus:Director1 2023-07-31 10805622 frs-bus:Director1 2024-07-31 10805622 frs-countries:EnglandWales 2023-08-01 2024-07-31 10805622 2022-07-31 10805622 2023-07-31 10805622 2022-08-01 2023-07-31 10805622 frs-core:CurrentFinancialInstruments 2023-07-31 10805622 frs-core:Non-currentFinancialInstruments 2023-07-31 10805622 frs-core:ShareCapital 2023-07-31 10805622 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10805622
Myshop6 Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
WK & CO ACCOUNTANTS LIMITED
Chartered Certified Accountants
28 Blackwood Road
Sutton Coldfield
B74 3PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10805622
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,295 32,468
31,295 32,468
CURRENT ASSETS
Stocks 5 3,500 3,000
Debtors 6 16,475 15,397
Cash at bank and in hand 155,073 65,536
175,048 83,933
Creditors: Amounts Falling Due Within One Year 7 (132,741 ) (77,987 )
NET CURRENT ASSETS (LIABILITIES) 42,307 5,946
TOTAL ASSETS LESS CURRENT LIABILITIES 73,602 38,414
Creditors: Amounts Falling Due After More Than One Year 8 (26,783 ) (31,652 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,824 ) (6,168 )
NET ASSETS 38,995 594
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 38,895 494
SHAREHOLDERS' FUNDS 38,995 594
Page 1
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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 Waseem Raja
Director
28/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Myshop6 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10805622 . The registered office is 28 Blackwood Road, Sutton Coldfield, B74 3PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. 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 15% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 22)
18 22
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 78,474
Additions 3,933
As at 31 July 2024 82,407
Depreciation
As at 1 August 2023 46,006
Provided during the period 5,106
As at 31 July 2024 51,112
Net Book Value
As at 31 July 2024 31,295
As at 1 August 2023 32,468
5. Stocks
2024 2023
£ £
Stock 3,500 3,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,123 10,381
Other debtors 5,352 5,016
16,475 15,397
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,523 11,532
Bank loans and overdrafts 4,869 4,869
Other creditors 31,785 30,072
Taxation and social security 72,564 31,514
132,741 77,987
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,783 31,652
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Waseem Raja 1,311 - 1,311 - -
The above loan is unsecured, interest free and repayable on demand.
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