Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 07421857 Mr Christopher Williams Mrs Karen Perry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07421857 2023-10-31 07421857 2024-10-31 07421857 2023-11-01 2024-10-31 07421857 frs-core:CurrentFinancialInstruments 2024-10-31 07421857 frs-core:Non-currentFinancialInstruments 2024-10-31 07421857 frs-core:SharePremium 2024-10-31 07421857 frs-core:ShareCapital 2024-10-31 07421857 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07421857 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07421857 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07421857 frs-bus:SmallEntities 2023-11-01 2024-10-31 07421857 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07421857 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07421857 frs-bus:Director1 2023-11-01 2024-10-31 07421857 frs-bus:Director2 2023-11-01 2024-10-31 07421857 frs-countries:EnglandWales 2023-11-01 2024-10-31 07421857 2022-10-31 07421857 2023-10-31 07421857 2022-11-01 2023-10-31 07421857 frs-core:CurrentFinancialInstruments 2023-10-31 07421857 frs-core:Non-currentFinancialInstruments 2023-10-31 07421857 frs-core:SharePremium 2023-10-31 07421857 frs-core:ShareCapital 2023-10-31 07421857 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 07421857
Mabec (Nottingham) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07421857
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 12,835,495 12,150,553
Debtors 5 56,620 1,828
Cash at bank and in hand 22,119 255,036
12,914,234 12,407,417
Creditors: Amounts Falling Due Within One Year 6 (1,060,598 ) (817,240 )
NET CURRENT ASSETS (LIABILITIES) 11,853,636 11,590,177
TOTAL ASSETS LESS CURRENT LIABILITIES 11,853,636 11,590,177
Creditors: Amounts Falling Due After More Than One Year 7 (11,780,091 ) (13,970,272 )
NET ASSETS/(LIABILITIES) 73,545 (2,380,095 )
CAPITAL AND RESERVES
Called up share capital 9 4,000,160 160
Share premium account 160 160
Profit and Loss Account (3,926,775 ) (2,380,415 )
SHAREHOLDERS' FUNDS 73,545 (2,380,095)
For the year ending 31 October 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 Christopher Williams
Director
2 June 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
Mabec (Nottingham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07421857 . The registered office is Henge Barn, Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, based on forecasted Gross Development Value
being greater than the value of Work-in-Progress and Losses.
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 year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Work in progress 12,835,495 12,150,553
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 56,620 1,828
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 948,224 703,550
Other creditors 85,644 38,858
Taxation and social security 26,730 74,832
1,060,598 817,240
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 11,780,091 13,970,272
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 47,263,854
Page 2
Page 3
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,000,160 160
Page 3