Acorah Software Products - Accounts Production 16.3.350 false true false 19 January 2024 31 January 2025 31 January 2025 15426439 M Hall J Bradley G Blandford-sen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15426439 2024-01-18 15426439 2025-01-31 15426439 2024-01-19 2025-01-31 15426439 frs-core:ComputerEquipment 2025-01-31 15426439 frs-core:ComputerEquipment 2024-01-19 2025-01-31 15426439 frs-core:ComputerEquipment 2024-01-18 15426439 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-31 15426439 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-19 2025-01-31 15426439 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-18 15426439 frs-core:ShareCapital 2025-01-31 15426439 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 15426439 frs-bus:PrivateLimitedCompanyLtd 2024-01-19 2025-01-31 15426439 frs-bus:FilletedAccounts 2024-01-19 2025-01-31 15426439 frs-bus:SmallEntities 2024-01-19 2025-01-31 15426439 frs-bus:AuditExempt-NoAccountantsReport 2024-01-19 2025-01-31 15426439 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-19 2025-01-31 15426439 frs-bus:Director1 2024-01-19 2025-01-31 15426439 frs-bus:Director2 2024-01-19 2025-01-31 15426439 frs-bus:Director3 2024-01-19 2025-01-31 15426439 frs-countries:EnglandWales 2024-01-19 2025-01-31
Registered number: 15426439
MIP Group Ltd
Financial Statements
For the Period 19 January 2024 to 31 January 2025
Gravitate Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15426439
31 January 2025
Notes £ £
FIXED ASSETS
Intangible Assets 4 157
Tangible Assets 5 722
879
CURRENT ASSETS
Cash at bank and in hand 2,267
2,267
Creditors: Amounts Falling Due Within One Year 6 (36,729 )
NET CURRENT ASSETS (LIABILITIES) (34,462 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,583 )
NET LIABILITIES (33,583 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (33,683 )
SHAREHOLDERS' FUNDS (33,583)
For the period ending 31 January 2025 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 Profit and Loss Account.
On behalf of the board
M Hall
Director
16th May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MIP Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15426439 . The registered office is 6 Long Ing Cottages, Shaw Lane, Holmfirth, England, HD9 2PP.
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 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Commission revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Where the company acts as an agent, revenue is recognised as the net amount of commission retained rather than the gross amount collected on behalf of principals.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are assets are registered trademarks, 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:
Computer Equipment Straight Line (3 Years)
2.5. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Intangible Assets
Intellectual Property
£
Cost
As at 19 January 2024 -
Additions 170
As at 31 January 2025 170
Amortisation
As at 19 January 2024 -
Provided during the period 13
As at 31 January 2025 13
Net Book Value
As at 31 January 2025 157
As at 19 January 2024 -
Page 2
Page 3
5. Tangible Assets
Computer Equipment
£
Cost
As at 19 January 2024 -
Additions 1,000
As at 31 January 2025 1,000
Depreciation
As at 19 January 2024 -
Provided during the period 278
As at 31 January 2025 278
Net Book Value
As at 31 January 2025 722
As at 19 January 2024 -
6. Creditors: Amounts Falling Due Within One Year
31 January 2025
£
Other creditors 36,729
7. Share Capital
31 January 2025
£
Allotted, Called up and fully paid 100
Page 3