Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09294390 Mr M Wilkins Mr M Wilkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09294390 2023-11-30 09294390 2024-11-30 09294390 2023-12-01 2024-11-30 09294390 frs-core:CurrentFinancialInstruments 2024-11-30 09294390 frs-core:Non-currentFinancialInstruments 2024-11-30 09294390 frs-core:FurnitureFittings 2024-11-30 09294390 frs-core:FurnitureFittings 2023-12-01 2024-11-30 09294390 frs-core:FurnitureFittings 2023-11-30 09294390 frs-core:ShareCapital 2024-11-30 09294390 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09294390 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09294390 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09294390 frs-bus:SmallEntities 2023-12-01 2024-11-30 09294390 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09294390 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09294390 frs-bus:Director1 2023-12-01 2024-11-30 09294390 frs-bus:Director2 2023-12-01 2024-11-30 09294390 frs-countries:EnglandWales 2023-12-01 2024-11-30 09294390 2022-11-30 09294390 2023-11-30 09294390 2022-12-01 2023-11-30 09294390 frs-core:CurrentFinancialInstruments 2023-11-30 09294390 frs-core:Non-currentFinancialInstruments 2023-11-30 09294390 frs-core:ShareCapital 2023-11-30 09294390 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 09294390
Merchant Arms Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Jon Line Accountancy Limited
65, Bishopsworth Road
Bristol
BS13 7JW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09294390
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 910 1,105
910 1,105
CURRENT ASSETS
Stocks 5 3,100 5,550
Debtors 6 27,795 42,505
Cash at bank and in hand 231 495
31,126 48,550
Creditors: Amounts Falling Due Within One Year 7 (25,340 ) (27,539 )
NET CURRENT ASSETS (LIABILITIES) 5,786 21,011
TOTAL ASSETS LESS CURRENT LIABILITIES 6,696 22,116
Creditors: Amounts Falling Due After More Than One Year 8 (29,600 ) (34,674 )
NET LIABILITIES (22,904 ) (12,558 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (23,004 ) (12,658 )
SHAREHOLDERS' FUNDS (22,904) (12,558)
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
Mr M Wilkins
Director
15th 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
Merchant Arms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09294390 . The registered office is 5 Merchants Road, Hotwells, Bristol, BS8 4PZ.
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:
Fixtures & Fittings 15%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 4 4
4 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2023 13,000
As at 30 November 2024 13,000
Depreciation
As at 1 December 2023 11,895
Provided during the period 195
As at 30 November 2024 12,090
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 November 2024 910
As at 1 December 2023 1,105
5. Stocks
2024 2023
£ £
Stock 3,100 5,550
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 27,795 42,505
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Corporation tax - (788 )
Other taxes and social security 335 2,025
VAT 11,041 26,302
Directors' loan accounts 13,965 -
25,340 27,539
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,500 7,500
Other loans 25,100 27,174
29,600 34,674
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3