Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2024 1 July 2023 false 1 July 2024 31 December 2024 31 December 2024 05345059 Miss Mignon Matthews Mr Brett Willsher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05345059 2024-06-30 05345059 2024-12-31 05345059 2024-07-01 2024-12-31 05345059 frs-core:CurrentFinancialInstruments 2024-12-31 05345059 frs-core:ComputerEquipment 2024-12-31 05345059 frs-core:ComputerEquipment 2024-07-01 2024-12-31 05345059 frs-core:ComputerEquipment 2024-06-30 05345059 frs-core:FurnitureFittings 2024-12-31 05345059 frs-core:FurnitureFittings 2024-07-01 2024-12-31 05345059 frs-core:FurnitureFittings 2024-06-30 05345059 frs-core:MotorVehicles 2024-12-31 05345059 frs-core:MotorVehicles 2024-07-01 2024-12-31 05345059 frs-core:MotorVehicles 2024-06-30 05345059 frs-core:ShareCapital 2024-12-31 05345059 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05345059 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2024-12-31 05345059 frs-bus:FilletedAccounts 2024-07-01 2024-12-31 05345059 frs-bus:SmallEntities 2024-07-01 2024-12-31 05345059 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2024-12-31 05345059 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2024-12-31 05345059 frs-bus:Director1 2024-07-01 2024-12-31 05345059 frs-bus:CompanySecretary1 2024-07-01 2024-12-31 05345059 frs-countries:EnglandWales 2024-07-01 2024-12-31 05345059 2023-06-30 05345059 2024-06-30 05345059 2023-07-01 2024-06-30 05345059 frs-core:CurrentFinancialInstruments 2024-06-30 05345059 frs-core:ShareCapital 2024-06-30 05345059 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 05345059
M&P Models.Com Limited
Unaudited Financial Statements
For the Period 1 July 2024 to 31 December 2024
B&SW Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05345059
31 December 2024 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,469 51,657
46,469 51,657
CURRENT ASSETS
Debtors 5 180,380 354,552
Cash at bank and in hand 209,645 195,343
390,025 549,895
Creditors: Amounts Falling Due Within One Year 6 (334,522 ) (467,930 )
NET CURRENT ASSETS (LIABILITIES) 55,503 81,965
TOTAL ASSETS LESS CURRENT LIABILITIES 101,972 133,622
NET ASSETS 101,972 133,622
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 101,971 133,621
SHAREHOLDERS' FUNDS 101,972 133,622
For the period ending 31 December 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 her 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
Miss Mignon Matthews
Director
23/04/2025
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
M&P Models.Com Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05345059 . The registered office is Toad Hall Cattawade Street, Cattawade, Manningtree, CO11 1RG.
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:
Motor Vehicles 33% Straight Line
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 8 (2024: 8)
8 8
Page 2
Page 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 57,913 79,835 14,492 152,240
Additions - 4,141 - 4,141
As at 31 December 2024 57,913 83,976 14,492 156,381
Depreciation
As at 1 July 2024 32,916 56,305 11,362 100,583
Provided during the period 6,249 2,767 313 9,329
As at 31 December 2024 39,165 59,072 11,675 109,912
Net Book Value
As at 31 December 2024 18,748 24,904 2,817 46,469
As at 1 July 2024 24,997 23,530 3,130 51,657
5. Debtors
31 December 2024 30 June 2024
£ £
Due within one year
Trade debtors 170,941 345,113
Prepayments and accrued income 9,439 9,439
180,380 354,552
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 June 2024
£ £
Trade creditors 149,572 209,381
Bank loans and overdrafts 13,842 18,020
Other loans 11,806 15,972
Corporation tax 23,528 31,851
Other taxes and social security 8,807 7,777
VAT 44,148 86,190
Accruals and deferred income 3,566 2,670
Director's loan account 79,253 96,069
334,522 467,930
7. Share Capital
31 December 2024 30 June 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3