Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05259049 Mr. Martin Leggat Mr Adam Trainor Mrs Beverley Leggat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05259049 2023-10-31 05259049 2024-10-31 05259049 2023-11-01 2024-10-31 05259049 frs-core:CurrentFinancialInstruments 2024-10-31 05259049 frs-core:Non-currentFinancialInstruments 2024-10-31 05259049 frs-core:BetweenOneFiveYears 2024-10-31 05259049 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05259049 frs-core:FurnitureFittings 2024-10-31 05259049 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05259049 frs-core:FurnitureFittings 2023-10-31 05259049 frs-core:NetGoodwill 2024-10-31 05259049 frs-core:NetGoodwill 2023-11-01 2024-10-31 05259049 frs-core:NetGoodwill 2023-10-31 05259049 frs-core:MotorVehicles 2024-10-31 05259049 frs-core:MotorVehicles 2023-11-01 2024-10-31 05259049 frs-core:MotorVehicles 2023-10-31 05259049 frs-core:PlantMachinery 2024-10-31 05259049 frs-core:PlantMachinery 2023-11-01 2024-10-31 05259049 frs-core:PlantMachinery 2023-10-31 05259049 frs-core:WithinOneYear 2024-10-31 05259049 frs-core:ShareCapital 2024-10-31 05259049 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05259049 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05259049 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05259049 frs-bus:SmallEntities 2023-11-01 2024-10-31 05259049 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05259049 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05259049 frs-bus:Director1 2023-11-01 2024-10-31 05259049 frs-bus:Director2 2023-11-01 2024-10-31 05259049 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 05259049 frs-countries:EnglandWales 2023-11-01 2024-10-31 05259049 2022-10-31 05259049 2023-10-31 05259049 2022-11-01 2023-10-31 05259049 frs-core:CurrentFinancialInstruments 2023-10-31 05259049 frs-core:Non-currentFinancialInstruments 2023-10-31 05259049 frs-core:BetweenOneFiveYears 2023-10-31 05259049 frs-core:WithinOneYear 2023-10-31 05259049 frs-core:ShareCapital 2023-10-31 05259049 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05259049
M. A. Leggat Ltd.
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05259049
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 221,749 284,370
Investment Properties 6 134,170 134,170
355,919 418,540
CURRENT ASSETS
Stocks 7 13,795 9,000
Debtors 8 408,214 378,122
Cash at bank and in hand 375,716 469,439
797,725 856,561
Creditors: Amounts Falling Due Within One Year 9 (167,734 ) (132,417 )
NET CURRENT ASSETS (LIABILITIES) 629,991 724,144
TOTAL ASSETS LESS CURRENT LIABILITIES 985,910 1,142,684
Creditors: Amounts Falling Due After More Than One Year 10 (33,715 ) (88,615 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (67,625 ) (79,523 )
NET ASSETS 884,570 974,546
CAPITAL AND RESERVES
Called up share capital 12 133 133
Profit and Loss Account 884,437 974,413
SHAREHOLDERS' FUNDS 884,570 974,546
Page 1
Page 2
For the year ending 31 October 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
Mr. Martin Leggat
Director
14/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
M. A. Leggat Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 05259049 . The registered office is 16 Salisbury Road, Radcliffe, Greater Manchester, M26 4QD.
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.
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 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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.
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2.8. 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: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 16,000
As at 31 October 2024 16,000
Amortisation
As at 1 November 2023 16,000
As at 31 October 2024 16,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 579,430 70,394 4,666 654,490
Disposals - (25,999 ) - (25,999 )
As at 31 October 2024 579,430 44,395 4,666 628,491
...CONTINUED
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Page 5
Depreciation
As at 1 November 2023 333,378 33,987 2,755 370,120
Provided during the period 49,210 7,793 382 57,385
Disposals - (20,763 ) - (20,763 )
As at 31 October 2024 382,588 21,017 3,137 406,742
Net Book Value
As at 31 October 2024 196,842 23,378 1,529 221,749
As at 1 November 2023 246,052 36,407 1,911 284,370
6. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 134,170
7. Stocks
2024 2023
£ £
Stock 13,795 9,000
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 358,191 307,780
Prepayments and accrued income 6,092 5,937
Other debtors 25,000 55,000
VAT 18,931 9,405
408,214 378,122
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 61,719 61,719
Trade creditors 68,304 46,146
Corporation tax 34,333 21,113
Other taxes and social security 412 1,361
Accruals and deferred income 1,650 1,650
Directors' loan accounts 1,316 428
167,734 132,417
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,715 88,615
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 61,719 61,719
Later than one year and not later than five years 33,715 88,615
95,434 150,334
95,434 150,334
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 133 133
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