Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 NI675976 Ms Emma Brown Ms Joanne Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI675976 2024-01-31 NI675976 2025-01-31 NI675976 2024-02-01 2025-01-31 NI675976 frs-core:CurrentFinancialInstruments 2025-01-31 NI675976 frs-core:ComputerEquipment 2025-01-31 NI675976 frs-core:ComputerEquipment 2024-02-01 2025-01-31 NI675976 frs-core:ComputerEquipment 2024-01-31 NI675976 frs-core:NetGoodwill 2025-01-31 NI675976 frs-core:NetGoodwill 2024-02-01 2025-01-31 NI675976 frs-core:NetGoodwill 2024-01-31 NI675976 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 NI675976 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 NI675976 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 NI675976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 NI675976 frs-core:MotorVehicles 2025-01-31 NI675976 frs-core:MotorVehicles 2024-02-01 2025-01-31 NI675976 frs-core:MotorVehicles 2024-01-31 NI675976 frs-core:PlantMachinery 2025-01-31 NI675976 frs-core:PlantMachinery 2024-02-01 2025-01-31 NI675976 frs-core:PlantMachinery 2024-01-31 NI675976 frs-core:ShareCapital 2025-01-31 NI675976 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 NI675976 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 NI675976 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 NI675976 frs-bus:SmallEntities 2024-02-01 2025-01-31 NI675976 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 NI675976 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 NI675976 frs-bus:Director1 2024-02-01 2025-01-31 NI675976 frs-bus:Director2 2024-02-01 2025-01-31 NI675976 frs-countries:NorthernIreland 2024-02-01 2025-01-31 NI675976 2023-01-31 NI675976 2024-01-31 NI675976 2023-02-01 2024-01-31 NI675976 frs-core:CurrentFinancialInstruments 2024-01-31 NI675976 frs-core:ShareCapital 2024-01-31 NI675976 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: NI675976
Mae & May Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: NI675976
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,200 15,400
Tangible Assets 5 66,097 70,634
79,297 86,034
CURRENT ASSETS
Stocks 6 14,000 5,000
Debtors 7 2,576 2,812
Cash at bank and in hand 131,484 128,298
148,060 136,110
Creditors: Amounts Falling Due Within One Year 8 (144,783 ) (158,104 )
NET CURRENT ASSETS (LIABILITIES) 3,277 (21,994 )
TOTAL ASSETS LESS CURRENT LIABILITIES 82,574 64,040
NET ASSETS 82,574 64,040
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 82,474 63,940
SHAREHOLDERS' FUNDS 82,574 64,040
For the year 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
Ms Emma Brown
Director
Ms Joanne Moore
Director
6th May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mae & May Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI675976 . The registered office is 48 Bachelors Walk, Lisburn, BT28 1XN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 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:
Freehold 10% Straight Line
Leasehold 10% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Straight Line
2.5. 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.
2.6. 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.
...CONTINUED
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Page 3
2.6. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 8)
9 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 22,000
As at 31 January 2025 22,000
Amortisation
As at 1 February 2024 6,600
Provided during the period 2,200
As at 31 January 2025 8,800
Net Book Value
As at 31 January 2025 13,200
As at 1 February 2024 15,400
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 58,304 27,564 8,900 2,541 97,309
Additions - 10,466 - - 10,466
As at 31 January 2025 58,304 38,030 8,900 2,541 107,775
Depreciation
As at 1 February 2024 10,081 11,211 4,415 968 26,675
Provided during the period 5,831 7,416 1,121 635 15,003
As at 31 January 2025 15,912 18,627 5,536 1,603 41,678
Net Book Value
As at 31 January 2025 42,392 19,403 3,364 938 66,097
As at 1 February 2024 48,223 16,353 4,485 1,573 70,634
Page 3
Page 4
6. Stocks
2025 2024
£ £
Finished goods 14,000 5,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 154
Prepayments and accrued income 2,576 1,256
Other taxes and social security - 1,402
2,576 2,812
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,037 8,252
Corporation tax 5,794 11,763
Other taxes and social security 1,417 -
VAT 3,713 3,647
Other creditors 2,246 2,083
Accruals and deferred income 20,987 23,057
Directors' loan accounts 101,589 109,302
144,783 158,104
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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