Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 28 February 2025 28 February 2025 03619218 Mr Neil Barnes Mrs Joanna Barnes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03619218 2023-08-31 03619218 2025-02-28 03619218 2023-09-01 2025-02-28 03619218 frs-core:CurrentFinancialInstruments 2025-02-28 03619218 frs-core:ComputerEquipment 2025-02-28 03619218 frs-core:ComputerEquipment 2023-09-01 2025-02-28 03619218 frs-core:ComputerEquipment 2023-08-31 03619218 frs-core:FurnitureFittings 2023-09-01 2025-02-28 03619218 frs-core:MotorVehicles 2025-02-28 03619218 frs-core:MotorVehicles 2023-09-01 2025-02-28 03619218 frs-core:MotorVehicles 2023-08-31 03619218 frs-core:PlantMachinery 2025-02-28 03619218 frs-core:PlantMachinery 2023-09-01 2025-02-28 03619218 frs-core:PlantMachinery 2023-08-31 03619218 frs-core:ShareCapital 2025-02-28 03619218 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 03619218 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2025-02-28 03619218 frs-bus:FilletedAccounts 2023-09-01 2025-02-28 03619218 frs-bus:SmallEntities 2023-09-01 2025-02-28 03619218 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2025-02-28 03619218 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2025-02-28 03619218 frs-bus:Director1 2023-09-01 2025-02-28 03619218 frs-bus:CompanySecretary1 2023-09-01 2025-02-28 03619218 frs-countries:EnglandWales 2023-09-01 2025-02-28 03619218 2022-08-31 03619218 2023-08-31 03619218 2022-09-01 2023-08-31 03619218 frs-core:CurrentFinancialInstruments 2023-08-31 03619218 frs-core:ShareCapital 2023-08-31 03619218 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 03619218 frs-core:CurrentFinancialInstruments 3 2023-08-31
Registered number: 03619218
Mechanism Limited
Unaudited Financial Statements
For the Period 1 September 2023 to 28 February 2025
BOA Accountancy Limited t/a Berkeley Hall
Unit D2 Southgate
Commerce Park
Frome
BA11 2RY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03619218
28 February 2025 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,438
- 1,438
CURRENT ASSETS
Debtors 5 533 361
Cash at bank and in hand 6,702 12,228
7,235 12,589
Creditors: Amounts Falling Due Within One Year 6 (7,321 ) (10,326 )
NET CURRENT ASSETS (LIABILITIES) (86 ) 2,263
TOTAL ASSETS LESS CURRENT LIABILITIES (86 ) 3,701
PROVISIONS FOR LIABILITIES
Deferred Taxation - (278 )
NET (LIABILITIES)/ASSETS (86 ) 3,423
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (88 ) 3,421
SHAREHOLDERS' FUNDS (86) 3,423
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For the period ending 28 February 2025 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 Neil Barnes
Director
21/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mechanism Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03619218 . The registered office is Morton House, 52 Rossiters Hill, Frome, Somerset, BA11 4AL.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 4 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 4 years straight line
Computer Equipment 4 years straight line
2.4. 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 year 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.
...CONTINUED
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2.4. Taxation - continued
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 4,845 7,220 3,263 15,328
Disposals (4,845 ) (7,220 ) (3,263 ) (15,328 )
As at 28 February 2025 - - - -
Depreciation
As at 1 September 2023 3,736 7,220 2,934 13,890
Provided during the period 608 - 329 937
Disposals (4,344 ) (7,220 ) (3,263 ) (14,827 )
As at 28 February 2025 - - - -
Net Book Value
As at 28 February 2025 - - - -
As at 1 September 2023 1,109 - 329 1,438
5. Debtors
28 February 2025 31 August 2023
£ £
Due within one year
Prepayments and accrued income - 361
Other taxes and social security 533 -
533 361
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6. Creditors: Amounts Falling Due Within One Year
28 February 2025 31 August 2023
£ £
Trade creditors 1 1
Corporation tax (342 ) (355 )
Other creditors - Barclaycard - 533
Accruals and deferred income 960 900
Director's loan account 6,702 9,247
7,321 10,326
7. Share Capital
28 February 2025 31 August 2023
£ £
Allotted, Called up and fully paid 2 2
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