Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06682163 Mr M D Allen Mr C Gibson Mr C Gibson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06682163 2023-09-30 06682163 2024-09-30 06682163 2023-10-01 2024-09-30 06682163 frs-core:CurrentFinancialInstruments 2024-09-30 06682163 frs-core:Non-currentFinancialInstruments 2024-09-30 06682163 frs-core:BetweenOneFiveYears 2024-09-30 06682163 frs-core:MotorVehicles 2024-09-30 06682163 frs-core:MotorVehicles 2023-10-01 2024-09-30 06682163 frs-core:MotorVehicles 2023-09-30 06682163 frs-core:PlantMachinery 2024-09-30 06682163 frs-core:PlantMachinery 2023-10-01 2024-09-30 06682163 frs-core:PlantMachinery 2023-09-30 06682163 frs-core:WithinOneYear 2024-09-30 06682163 frs-core:ShareCapital 2024-09-30 06682163 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06682163 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06682163 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06682163 frs-bus:SmallEntities 2023-10-01 2024-09-30 06682163 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06682163 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06682163 frs-bus:Director1 2023-10-01 2024-09-30 06682163 frs-bus:Director2 2023-10-01 2024-09-30 06682163 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 06682163 frs-countries:EnglandWales 2023-10-01 2024-09-30 06682163 2022-09-30 06682163 2023-09-30 06682163 2022-10-01 2023-09-30 06682163 frs-core:CurrentFinancialInstruments 2023-09-30 06682163 frs-core:Non-currentFinancialInstruments 2023-09-30 06682163 frs-core:BetweenOneFiveYears 2023-09-30 06682163 frs-core:WithinOneYear 2023-09-30 06682163 frs-core:ShareCapital 2023-09-30 06682163 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06682163
MDA Creations Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06682163
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,626 67,119
54,626 67,119
CURRENT ASSETS
Stocks 5 - 14,421
Debtors 6 84,984 64,714
Cash at bank and in hand 11,896 11,194
96,880 90,329
Creditors: Amounts Falling Due Within One Year 7 (84,765 ) (82,582 )
NET CURRENT ASSETS (LIABILITIES) 12,115 7,747
TOTAL ASSETS LESS CURRENT LIABILITIES 66,741 74,866
Creditors: Amounts Falling Due After More Than One Year 8 (64,835 ) (74,057 )
NET ASSETS 1,906 809
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,806 709
SHAREHOLDERS' FUNDS 1,906 809
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For the year ending 30 September 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 D Allen
Director
5 June 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
MDA Creations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06682163 . The registered office is 550 Valley Rd, Basford, Nottingham, NG5 1JJ.
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 20% reducing balance
Motor Vehicles 25% reducing balance
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. 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.
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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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 36,162 85,196 121,358
Additions - 9,899 9,899
Disposals - (7,549 ) (7,549 )
As at 30 September 2024 36,162 87,546 123,708
Depreciation
As at 1 October 2023 24,625 29,614 54,239
Provided during the period 2,307 15,131 17,438
Disposals - (2,595 ) (2,595 )
As at 30 September 2024 26,932 42,150 69,082
Net Book Value
As at 30 September 2024 9,230 45,396 54,626
As at 1 October 2023 11,537 55,582 67,119
5. Stocks
2024 2023
£ £
Work in progress - 14,421
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 76,120 55,850
Other debtors 8,864 8,864
84,984 64,714
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,730 11,954
Trade creditors 5,411 29,956
Bank loans and overdrafts 6,060 5,556
Corporation tax 11,442 4,052
Other taxes and social security 4,044 6,168
VAT 3,875 13,229
Other creditors 4,466 1,714
Accruals and deferred income 9,339 9,217
Directors' loan accounts 27,398 736
84,765 82,582
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,557 40,724
Bank loans 28,278 33,333
64,835 74,057
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,730 11,954
Later than one year and not later than five years 36,557 40,724
49,287 52,678
49,287 52,678
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the balance sheet date, the company owed the directors £27,398 (2023: £736). The amount is unsecured, interest free, with no fixed repayment date.
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