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 03442944 Ms Caroline Barrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03442944 2023-09-30 03442944 2024-09-30 03442944 2023-10-01 2024-09-30 03442944 frs-core:CurrentFinancialInstruments 2024-09-30 03442944 frs-core:Non-currentFinancialInstruments 2024-09-30 03442944 frs-core:PlantMachinery 2024-09-30 03442944 frs-core:PlantMachinery 2023-10-01 2024-09-30 03442944 frs-core:PlantMachinery 2023-09-30 03442944 frs-core:ShareCapital 2024-09-30 03442944 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03442944 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03442944 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03442944 frs-bus:SmallEntities 2023-10-01 2024-09-30 03442944 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03442944 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03442944 frs-bus:Director1 2023-10-01 2024-09-30 03442944 frs-countries:EnglandWales 2023-10-01 2024-09-30 03442944 2022-09-30 03442944 2023-09-30 03442944 2022-10-01 2023-09-30 03442944 frs-core:CurrentFinancialInstruments 2023-09-30 03442944 frs-core:Non-currentFinancialInstruments 2023-09-30 03442944 frs-core:ShareCapital 2023-09-30 03442944 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03442944
Morespace Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03442944
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 834 1,042
834 1,042
CURRENT ASSETS
Stocks 5 31,700 61,700
Debtors 6 203,866 466,030
Cash at bank and in hand 382,574 137,327
618,140 665,057
Creditors: Amounts Falling Due Within One Year 7 (261,760 ) (391,142 )
NET CURRENT ASSETS (LIABILITIES) 356,380 273,915
TOTAL ASSETS LESS CURRENT LIABILITIES 357,214 274,957
Creditors: Amounts Falling Due After More Than One Year 8 (7,033 ) (17,365 )
NET ASSETS 350,181 257,592
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 350,081 257,492
SHAREHOLDERS' FUNDS 350,181 257,592
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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 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
Ms Caroline Barrick
Director
16/05/2025
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
Morespace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03442944 . The registered office is Unit B Robin Hoods Well, Skelbrooke, Doncaster, DN6 8LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% reducing balance
2.4. 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.
2.5. 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 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 year was: 8 (2023: 8)
8 8
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 55,683
As at 30 September 2024 55,683
Depreciation
As at 1 October 2023 54,641
Provided during the period 208
As at 30 September 2024 54,849
Net Book Value
As at 30 September 2024 834
As at 1 October 2023 1,042
5. Stocks
2024 2023
£ £
Work in progress 31,700 61,700
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,619 341,572
Prepayments and accrued income 2,079 2,843
Other debtors 102,168 121,615
203,866 466,030
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 155,780 286,267
Bank loans and overdrafts 10,332 10,077
Corporation tax 31,117 14,157
VAT 41,855 61,939
Paye and NI 8,925 6,835
Other creditors 7,076 2,996
Accruals and deferred income 6,675 8,871
261,760 391,142
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,033 17,365
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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