Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04713564 Mr P McLintock S Low iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04713564 2023-07-31 04713564 2024-07-31 04713564 2023-08-01 2024-07-31 04713564 frs-core:CurrentFinancialInstruments 2024-07-31 04713564 frs-core:Non-currentFinancialInstruments 2024-07-31 04713564 frs-core:ComputerEquipment 2024-07-31 04713564 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04713564 frs-core:ComputerEquipment 2023-07-31 04713564 frs-core:FurnitureFittings 2024-07-31 04713564 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04713564 frs-core:FurnitureFittings 2023-07-31 04713564 frs-core:MotorVehicles 2024-07-31 04713564 frs-core:MotorVehicles 2023-08-01 2024-07-31 04713564 frs-core:MotorVehicles 2023-07-31 04713564 frs-core:ShareCapital 2024-07-31 04713564 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04713564 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04713564 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04713564 frs-bus:SmallEntities 2023-08-01 2024-07-31 04713564 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04713564 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04713564 frs-bus:Director1 2023-08-01 2024-07-31 04713564 frs-bus:Director1 2023-07-31 04713564 frs-bus:Director1 2024-07-31 04713564 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04713564 frs-countries:EnglandWales 2023-08-01 2024-07-31 04713564 2022-07-31 04713564 2023-07-31 04713564 2022-08-01 2023-07-31 04713564 frs-core:CurrentFinancialInstruments 2023-07-31 04713564 frs-core:Non-currentFinancialInstruments 2023-07-31 04713564 frs-core:ShareCapital 2023-07-31 04713564 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04713564
McLintock And Taylor Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04713564
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,540 14,794
11,540 14,794
CURRENT ASSETS
Stocks 5 900 2,500
Debtors 6 99,083 84,448
Cash at bank and in hand 2,363 1,217
102,346 88,165
Creditors: Amounts Falling Due Within One Year 7 (55,533 ) (50,722 )
NET CURRENT ASSETS (LIABILITIES) 46,813 37,443
TOTAL ASSETS LESS CURRENT LIABILITIES 58,353 52,237
Creditors: Amounts Falling Due After More Than One Year 8 (4,187 ) (9,187 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,813 ) (2,348 )
NET ASSETS 52,353 40,702
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 52,253 40,602
SHAREHOLDERS' FUNDS 52,353 40,702
Page 1
Page 2
For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr P McLintock
Director
02/06/2025
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
McLintock And Taylor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04713564 . The registered office is 84 Laura Grove, Paignton, Devon, TQ3 2LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 10% straight line basis
Fixtures & Fittings 10% straight line basis
Computer Equipment 10% straight line basis
2.4. Stocks and Work in Progress
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.6. Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 28,533 524 3,489 32,546
As at 31 July 2024 28,533 524 3,489 32,546
...CONTINUED
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Depreciation
As at 1 August 2023 14,931 200 2,621 17,752
Provided during the period 2,853 52 349 3,254
As at 31 July 2024 17,784 252 2,970 21,006
Net Book Value
As at 31 July 2024 10,749 272 519 11,540
As at 1 August 2023 13,602 324 868 14,794
5. Stocks
2024 2023
£ £
Stock 900 2,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,645 982
Other debtors 85,438 83,466
99,083 84,448
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,774 4,484
Bank loans and overdrafts 5,000 5,000
Other creditors 11,932 12,814
Taxation and social security 23,827 28,424
55,533 50,722
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,187 9,187
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Peers McLintock 68,551 41,939 41,238 - 69,252
Interest is charged at HMRC's official rate and the loan is repayable on demand.
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