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 10310538 P Hooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10310538 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-09-30 10310538 2023-09-30 10310538 2024-09-30 10310538 2023-10-01 2024-09-30 10310538 frs-core:CurrentFinancialInstruments 2024-09-30 10310538 frs-core:Non-currentFinancialInstruments 2024-09-30 10310538 frs-core:FurnitureFittings 2024-09-30 10310538 frs-core:FurnitureFittings 2023-10-01 2024-09-30 10310538 frs-core:FurnitureFittings 2023-09-30 10310538 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 10310538 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10310538 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 10310538 frs-core:ShareCapital 2024-09-30 10310538 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10310538 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10310538 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10310538 frs-bus:SmallEntities 2023-10-01 2024-09-30 10310538 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10310538 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10310538 frs-core:CostValuation 2023-09-30 10310538 frs-core:CostValuation 2024-09-30 10310538 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 10310538 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 10310538 frs-bus:Director1 2023-10-01 2024-09-30 10310538 frs-countries:EnglandWales 2023-10-01 2024-09-30 10310538 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-09-30 10310538 2022-09-30 10310538 2023-09-30 10310538 2022-10-01 2023-09-30 10310538 frs-core:CurrentFinancialInstruments 2023-09-30 10310538 frs-core:Non-currentFinancialInstruments 2023-09-30 10310538 frs-core:ShareCapital 2023-09-30 10310538 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 10310538
Milava Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Modus Accountants Ltd
Unit 1c, Eagle Industrial Estate
Church Green
Witney
Oxfordshire
OX28 4YR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10310538
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,680,807 1,688,234
Investments 5 820,706 820,706
2,501,513 2,508,940
CURRENT ASSETS
Cash at bank and in hand 524,965 600,000
524,965 600,000
Creditors: Amounts Falling Due Within One Year 6 (148,948 ) (170,700 )
NET CURRENT ASSETS (LIABILITIES) 376,017 429,300
TOTAL ASSETS LESS CURRENT LIABILITIES 2,877,530 2,938,240
Creditors: Amounts Falling Due After More Than One Year 7 (776,854 ) (901,389 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,114 ) (9,114 )
NET ASSETS 2,091,562 2,027,737
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,091,462 2,027,637
SHAREHOLDERS' FUNDS 2,091,562 2,027,737
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Page 2
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 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
P Hooper
Director
22 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Milava Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10310538 . The registered office is Unit 1c, Eagle Industrial Estate, Church Green, Witney, Oxfordshire, OX28 4YR.
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 rendering of services. Turnover is reduced for estimated 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:
Freehold 0%
Fixtures & Fittings 10% Straight Line
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 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 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 year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 1,635,169 74,264 1,709,433
As at 30 September 2024 1,635,169 74,264 1,709,433
Depreciation
As at 1 October 2023 - 21,199 21,199
Provided during the period - 7,427 7,427
As at 30 September 2024 - 28,626 28,626
Net Book Value
As at 30 September 2024 1,635,169 45,638 1,680,807
As at 1 October 2023 1,635,169 53,065 1,688,234
5. Investments
Subsidiaries
£
Cost
As at 1 October 2023 820,706
As at 30 September 2024 820,706
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 820,706
As at 1 October 2023 820,706
The investment shown above relates to the holding of 100% of of the issued ordinary £1 share capital in N.T. Laboratories Limited (Registered office - Walton Hall, Pattenden Lane, Marden, Kent, TN12 9QS). The principal activity of the subsidiary company is the manufacture of fish health products.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 46,555 47,643
Other creditors 69,894 96,764
Taxation and social security 32,499 26,293
148,948 170,700
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 776,854 901,389
In respect of the above loans and borrowings National Westminster Bank Plc holds a fixed and floating charge over the property and assets of the company. The total amount of secured loans as at 30 September 2024 was £823,409 (2023: £949,032).
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 551,884 671,737
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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