Acorah Software Products - Accounts Production 16.3.350 false true false 23 May 2023 31 May 2024 31 May 2024 14887555 Mr A J Daw Mr S Foster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14887555 2023-05-22 14887555 2024-05-31 14887555 2023-05-23 2024-05-31 14887555 frs-core:CurrentFinancialInstruments 2024-05-31 14887555 frs-core:Non-currentFinancialInstruments 2024-05-31 14887555 frs-core:FurnitureFittings 2024-05-31 14887555 frs-core:FurnitureFittings 2023-05-23 2024-05-31 14887555 frs-core:FurnitureFittings 2023-05-22 14887555 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 14887555 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-23 2024-05-31 14887555 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-22 14887555 frs-core:ShareCapital 2024-05-31 14887555 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14887555 frs-bus:PrivateLimitedCompanyLtd 2023-05-23 2024-05-31 14887555 frs-bus:FilletedAccounts 2023-05-23 2024-05-31 14887555 frs-bus:SmallEntities 2023-05-23 2024-05-31 14887555 frs-bus:AuditExempt-NoAccountantsReport 2023-05-23 2024-05-31 14887555 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-23 2024-05-31 14887555 frs-bus:Director1 2023-05-23 2024-05-31 14887555 frs-bus:Director2 2023-05-23 2024-05-31 14887555 frs-countries:EnglandWales 2023-05-23 2024-05-31
Registered number: 14887555
M1 1HP Ltd
Financial Statements
For the Period 23 May 2023 to 31 May 2024
Accounts Unlocked Limited
Office 43, The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14887555
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 145,470
145,470
CURRENT ASSETS
Stocks 5 11,242
Debtors 6 94,565
Cash at bank and in hand 70,632
176,439
Creditors: Amounts Falling Due Within One Year 7 (369,378 )
NET CURRENT ASSETS (LIABILITIES) (192,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,469 )
Creditors: Amounts Falling Due After More Than One Year 8 (41,195 )
NET LIABILITIES (88,664 )
CAPITAL AND RESERVES
Called up share capital 9 10
Income Statement (88,674 )
SHAREHOLDERS' FUNDS (88,664)
Page 1
Page 2
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Mr A J Daw
Director
4 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M1 1HP Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14887555 . The registered office is Office 43, The Cobalt Building, 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF.
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. 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:
Leasehold Improvements 10 years straight line
Fixtures & Fittings 20% straight line
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Land & Property
Leasehold Improvements Fixtures & Fittings Total
£ £ £
Cost
As at 23 May 2023 - - -
Additions 118,990 28,435 147,425
As at 31 May 2024 118,990 28,435 147,425
Depreciation
As at 23 May 2023 - - -
Provided during the period 1,005 950 1,955
As at 31 May 2024 1,005 950 1,955
Net Book Value
As at 31 May 2024 117,985 27,485 145,470
As at 23 May 2023 - - -
5. Stocks
31 May 2024
£
Stock 11,242
Page 3
Page 4
6. Debtors
31 May 2024
£
Due within one year
Other debtors 94,565
7. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 35,266
Bank loans and overdrafts 127,305
Amounts owed to participating interests 204,098
Other creditors 2,709
369,378
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2024
£
Bank loans 41,195
9. Share Capital
31 May 2024
£
Allotted, Called up and fully paid 10
10. Related Party Transactions
As at the balance sheet date the company owed £204,098 to Futurecultures Ltd of which the director Mr A Daw is also the sole director of.
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