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 07318605 Mrs Marie Doherty Mr Scott Doherty Mr S J & Mrs M T L Doherty true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07318605 2023-07-31 07318605 2024-07-31 07318605 2023-08-01 2024-07-31 07318605 frs-core:CurrentFinancialInstruments 2024-07-31 07318605 frs-core:Non-currentFinancialInstruments 2024-07-31 07318605 frs-core:ComputerEquipment 2024-07-31 07318605 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07318605 frs-core:ComputerEquipment 2023-07-31 07318605 frs-core:FurnitureFittings 2024-07-31 07318605 frs-core:FurnitureFittings 2023-08-01 2024-07-31 07318605 frs-core:FurnitureFittings 2023-07-31 07318605 frs-core:NetGoodwill 2024-07-31 07318605 frs-core:NetGoodwill 2023-08-01 2024-07-31 07318605 frs-core:NetGoodwill 2023-07-31 07318605 frs-core:PlantMachinery 2024-07-31 07318605 frs-core:PlantMachinery 2023-08-01 2024-07-31 07318605 frs-core:PlantMachinery 2023-07-31 07318605 frs-core:ShareCapital 2024-07-31 07318605 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07318605 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07318605 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07318605 frs-bus:SmallEntities 2023-08-01 2024-07-31 07318605 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07318605 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07318605 1 2023-08-01 2024-07-31 07318605 frs-bus:Director1 2023-08-01 2024-07-31 07318605 frs-bus:Director2 2023-08-01 2024-07-31 07318605 frs-countries:EnglandWales 2023-08-01 2024-07-31 07318605 2022-07-31 07318605 2023-07-31 07318605 2022-08-01 2023-07-31 07318605 frs-core:CurrentFinancialInstruments 2023-07-31 07318605 frs-core:Non-currentFinancialInstruments 2023-07-31 07318605 frs-core:ShareCapital 2023-07-31 07318605 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07318605
Masc Print Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
AEH Accountancy Ltd
Chartered Accountants
The Stables
Church Farm
Willey
Warwickshire
CV23 0SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07318605
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,625 9,150
Tangible Assets 5 5,163 7,726
12,788 16,876
CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 18,046 7,113
Cash at bank and in hand 10,826 24,398
29,872 32,511
Creditors: Amounts Falling Due Within One Year 8 (18,487 ) (18,187 )
NET CURRENT ASSETS (LIABILITIES) 11,385 14,324
TOTAL ASSETS LESS CURRENT LIABILITIES 24,173 31,200
Creditors: Amounts Falling Due After More Than One Year 9 (20,153 ) (24,322 )
NET ASSETS 4,020 6,878
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 3,920 6,778
SHAREHOLDERS' FUNDS 4,020 6,878
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 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
Mrs Marie Doherty
Director
18th September 2024
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
Masc Print Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07318605 . The registered office is Church Farm, Main Street, Willey, Rugby, Warwickshire, CV23 0SH.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 33% on reducing balance
Fixtures & Fittings 33% on cost
Office Equipment 33% on cost
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.
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. 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.
...CONTINUED
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2.6. Taxation - continued
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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 30,500
As at 31 July 2024 30,500
Amortisation
As at 1 August 2023 21,350
Provided during the period 1,525
As at 31 July 2024 22,875
Net Book Value
As at 31 July 2024 7,625
As at 1 August 2023 9,150
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £
Cost
As at 1 August 2023 35,763 814 5,515 42,092
Additions - - 963 963
Disposals - (814 ) - (814 )
As at 31 July 2024 35,763 - 6,478 42,241
Depreciation
As at 1 August 2023 28,404 814 5,148 34,366
Provided during the period 3,098 - 428 3,526
Disposals - (814 ) - (814 )
As at 31 July 2024 31,502 - 5,576 37,078
Net Book Value
As at 31 July 2024 4,261 - 902 5,163
As at 1 August 2023 7,359 - 367 7,726
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6. Stocks
2024 2023
£ £
Stock 1,000 1,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,622 6,352
Other debtors 11,424 761
18,046 7,113
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,633 8,341
Other loans 4,170 4,170
Other creditors 544 1,331
Taxation and social security 4,140 4,345
18,487 18,187
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 20,153 24,322
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
As at the year ended 31 July 2024, tere was a balance due to the directors of £5 (2023 £27). This amount is included within other creditors on the balance sheet.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr S J & Mrs M T L Doherty by virtue of his ownership of 100% of the issued share capital in the company.
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