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 07490364 D W Fairhurst A G Laird C L Berwick D M Hall E Regan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07490364 2024-01-31 07490364 2025-01-31 07490364 2024-02-01 2025-01-31 07490364 frs-core:CurrentFinancialInstruments 2025-01-31 07490364 frs-core:Non-currentFinancialInstruments 2025-01-31 07490364 frs-core:ComputerEquipment 2025-01-31 07490364 frs-core:ComputerEquipment 2024-02-01 2025-01-31 07490364 frs-core:ComputerEquipment 2024-01-31 07490364 frs-core:FurnitureFittings 2025-01-31 07490364 frs-core:FurnitureFittings 2024-02-01 2025-01-31 07490364 frs-core:FurnitureFittings 2024-01-31 07490364 frs-core:CapitalRedemptionReserve 2025-01-31 07490364 frs-core:OtherReservesSubtotal 2025-01-31 07490364 frs-core:SharePremium 2025-01-31 07490364 frs-core:ShareCapital 2025-01-31 07490364 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07490364 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07490364 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07490364 frs-bus:SmallEntities 2024-02-01 2025-01-31 07490364 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07490364 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07490364 frs-bus:Director1 2024-02-01 2025-01-31 07490364 frs-bus:Director2 2024-02-01 2025-01-31 07490364 frs-bus:Director3 2024-02-01 2025-01-31 07490364 frs-bus:Director4 2024-02-01 2025-01-31 07490364 frs-bus:Director5 2024-02-01 2025-01-31 07490364 frs-countries:EnglandWales 2024-02-01 2025-01-31 07490364 2023-01-31 07490364 2024-01-31 07490364 2023-02-01 2024-01-31 07490364 frs-core:CurrentFinancialInstruments 2024-01-31 07490364 frs-core:Non-currentFinancialInstruments 2024-01-31 07490364 frs-core:CapitalRedemptionReserve 2024-01-31 07490364 frs-core:OtherReservesSubtotal 2024-01-31 07490364 frs-core:SharePremium 2024-01-31 07490364 frs-core:ShareCapital 2024-01-31 07490364 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07490364
Mutual Ventures Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07490364
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,766 3,739
25,766 3,739
CURRENT ASSETS
Debtors 5 734,090 514,267
Cash at bank and in hand 1,000,358 425,353
1,734,448 939,620
Creditors: Amounts Falling Due Within One Year 6 (940,582 ) (574,708 )
NET CURRENT ASSETS (LIABILITIES) 793,866 364,912
TOTAL ASSETS LESS CURRENT LIABILITIES 819,632 368,651
Creditors: Amounts Falling Due After More Than One Year 7 - (27,026 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,441 ) (710 )
NET ASSETS 813,191 340,915
CAPITAL AND RESERVES
Called up share capital 8 306 306
Share premium account 5,256 5,256
Capital redemption reserve 5 5
Other reserves 9 9
Profit and Loss Account 807,615 335,339
SHAREHOLDERS' FUNDS 813,191 340,915
Page 1
Page 2
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
D W Fairhurst
Director
28/05/2025
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
Mutual Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07490364 . The registered office is 2-6 Boundary Row, London, SE1 8HP.
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.
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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 3yr Straight Line
2.4. Financial Instruments
The company only enters into basic financial information transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other amounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
2.5. 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.
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: 26 (2024: 19)
26 19
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 1,750 24,300 26,050
Additions - 28,971 28,971
As at 31 January 2025 1,750 53,271 55,021
Depreciation
As at 1 February 2024 1,633 20,678 22,311
Provided during the period 29 6,915 6,944
As at 31 January 2025 1,662 27,593 29,255
Net Book Value
As at 31 January 2025 88 25,678 25,766
As at 1 February 2024 117 3,622 3,739
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 331,949 65,040
Prepayments and accrued income 368,353 351,078
Other debtors 25,529 25,529
Net wages 8,259 -
Amounts owed by group undertakings - 72,620
734,090 514,267
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 98,945 119,258
Bank loans and overdrafts 34,722 91,030
Corporation tax 311,129 100,700
Other taxes and social security 48,666 35,420
VAT 210,039 97,098
Other creditors 25,298 18,268
Accruals and deferred income 211,783 112,934
940,582 574,708
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 27,026
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 306 306
9. Related Party Transactions
As at 31st January 2025, the company was owed £Nil (2024 - £72,620) by MV Group Holdings Ltd
Page 5