Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06717308 Mr Matthew Scriven Ms Joanne Scriven iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06717308 2023-08-31 06717308 2024-08-31 06717308 2023-09-01 2024-08-31 06717308 frs-core:CurrentFinancialInstruments 2024-08-31 06717308 frs-core:ComputerEquipment 2024-08-31 06717308 frs-core:ComputerEquipment 2023-09-01 2024-08-31 06717308 frs-core:ComputerEquipment 2023-08-31 06717308 frs-core:FurnitureFittings 2024-08-31 06717308 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06717308 frs-core:FurnitureFittings 2023-08-31 06717308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06717308 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06717308 frs-core:ShareCapital 2024-08-31 06717308 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06717308 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06717308 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06717308 frs-bus:SmallEntities 2023-09-01 2024-08-31 06717308 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06717308 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06717308 frs-core:CostValuation 2023-08-31 06717308 frs-core:AdditionsToInvestments 2024-08-31 06717308 frs-core:DisposalsRepaymentsInvestments 2024-08-31 06717308 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-08-31 06717308 frs-core:CostValuation 2024-08-31 06717308 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 06717308 frs-core:ProvisionsForImpairmentInvestments 2024-08-31 06717308 frs-bus:Director1 2023-09-01 2024-08-31 06717308 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 06717308 frs-countries:EnglandWales 2023-09-01 2024-08-31 06717308 2022-08-31 06717308 2023-08-31 06717308 2022-09-01 2023-08-31 06717308 frs-core:CurrentFinancialInstruments 2023-08-31 06717308 frs-core:ShareCapital 2023-08-31 06717308 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06717308
Myway Pub Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06717308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,540 20,954
Investments 5 1,793,433 1,499,937
1,803,973 1,520,891
CURRENT ASSETS
Stocks 6 12,918 13,265
Debtors 7 205,685 296,852
Cash at bank and in hand 48,388 55,898
266,991 366,015
Creditors: Amounts Falling Due Within One Year 8 (98,112 ) (50,999 )
NET CURRENT ASSETS (LIABILITIES) 168,879 315,016
TOTAL ASSETS LESS CURRENT LIABILITIES 1,972,852 1,835,907
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (117,440 ) (98,470 )
NET ASSETS 1,855,412 1,737,437
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 1,855,212 1,737,237
SHAREHOLDERS' FUNDS 1,855,412 1,737,437
Page 1
Page 2
For the year ending 31 August 2024 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 Matthew Scriven
Director
03/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Myway Pub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06717308 . The registered office is C/O Fruition Accountancy, Unit 4 Three Spires House, Station Road, Lichfield, WS13 6HX.
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT.
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:
Freehold 5% straight line
Leasehold 4% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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 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.
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.
Page 3
Page 4
2.7. Pensions
The company operates a defined pension contribution scheme. The assets of the scheme are held separately from those of the company. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was  9 (2023: 9)
9 9
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 250,237 20,662 270,899
Disposals (2,748 ) (495 ) (3,243 )
As at 31 August 2024 247,489 20,167 267,656
Depreciation
As at 1 September 2023 229,547 20,398 249,945
Provided during the period 9,921 66 9,987
Disposals (2,519 ) (297 ) (2,816 )
As at 31 August 2024 236,949 20,167 257,116
Net Book Value
As at 31 August 2024 10,540 - 10,540
As at 1 September 2023 20,690 264 20,954
5. Investments
Other
£
Cost
As at 1 September 2023 1,499,937
Additions 667,967
Disposals (591,369 )
Revaluations 216,898
As at 31 August 2024 1,793,433
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 1,793,433
As at 1 September 2023 1,499,937
6. Stocks
2024 2023
£ £
Stock 12,918 13,265
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 205,685 296,852
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 27,083 28,006
Other taxes and social security 60,865 17,418
Other creditors 10,164 5,575
98,112 50,999
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 117,440 98,470
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Related Party Transactions
The company was under the control of Mr M D Scriven throughout the current and previous year. Mr M D Scriven is the sole director and majority shareholder.
At the year end the company was owed £182,000 (2023: £284,500) from MyBodega Limited. 
This balance is included in debtors 
The above company is under the common control of Mr M D Scriven.
Page 5