Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 04832647 Susan Dugdale Jonathan Dugdale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04832647 2024-01-31 04832647 2025-01-31 04832647 2024-02-01 2025-01-31 04832647 frs-core:CurrentFinancialInstruments 2025-01-31 04832647 frs-core:Non-currentFinancialInstruments 2025-01-31 04832647 frs-core:BetweenOneFiveYears 2025-01-31 04832647 frs-core:MoreThanFiveYears 2025-01-31 04832647 frs-core:PlantMachinery 2025-01-31 04832647 frs-core:PlantMachinery 2024-02-01 2025-01-31 04832647 frs-core:PlantMachinery 2024-01-31 04832647 frs-core:ShareCapital 2025-01-31 04832647 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04832647 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04832647 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04832647 frs-bus:SmallEntities 2024-02-01 2025-01-31 04832647 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04832647 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04832647 frs-bus:Director1 2024-02-01 2025-01-31 04832647 frs-bus:Director2 2024-02-01 2025-01-31 04832647 frs-bus:Director2 2024-01-31 04832647 frs-bus:Director2 2025-01-31 04832647 frs-countries:EnglandWales 2024-02-01 2025-01-31 04832647 2023-01-31 04832647 2024-01-31 04832647 2023-02-01 2024-01-31 04832647 frs-core:CurrentFinancialInstruments 2024-01-31 04832647 frs-core:Non-currentFinancialInstruments 2024-01-31 04832647 frs-core:BetweenOneFiveYears 2024-01-31 04832647 frs-core:MoreThanFiveYears 2024-01-31 04832647 frs-core:WithinOneYear 2024-01-31 04832647 frs-core:ShareCapital 2024-01-31 04832647 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 04832647
Muse Lifestyle Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Susan Dugdale
Jonathan Dugdale
Company Number 04832647
Registered Office Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
Accountants HJP Chartered
Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
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Balance Sheet
Registered number: 04832647
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,988 7,975
3,988 7,975
CURRENT ASSETS
Stocks 5 39,000 41,205
Debtors 6 22,368 23,458
Cash at bank and in hand 50,829 83,553
112,197 148,216
Creditors: Amounts Falling Due Within One Year 7 (81,744 ) (120,403 )
NET CURRENT ASSETS (LIABILITIES) 30,453 27,813
TOTAL ASSETS LESS CURRENT LIABILITIES 34,441 35,788
Creditors: Amounts Falling Due After More Than One Year 8 (6,702 ) (14,693 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (997 ) (1,994 )
NET ASSETS 26,742 19,101
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 26,642 19,001
SHAREHOLDERS' FUNDS 26,742 19,101
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For the year ending 31 January 2025 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
Susan Dugdale
Director
19 May 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Muse Lifestyle Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04832647 . The registered office is Audley House, Northbridge Road, Berkhamsted, Herts, HP4 1EH.
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.
Presentation currency
The accounts are presented in GBP.
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.
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:
Plant & Machinery 50% 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 14)
14 14
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2024 74,603
As at 31 January 2025 74,603
Depreciation
As at 1 February 2024 66,628
Provided during the period 3,987
As at 31 January 2025 70,615
Net Book Value
As at 31 January 2025 3,988
As at 1 February 2024 7,975
5. Stocks
2025 2024
£ £
Finished goods 39,000 41,205
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 5,368 5,368
Other debtors 17,000 17,000
Directors' loan accounts - 1,090
22,368 23,458
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 26,918 34,006
Bank loans and overdrafts 8,480 8,480
Corporation tax 23,461 36,738
Other taxes and social security 720 720
VAT 17,299 17,775
Other creditors 4,866 22,684
81,744 120,403
Included in other creditors is a charge on an overdraft to HSBC Bank PLC of £nil (2024 - £nil).
Any debt is secured by a debenture. The debenture is a fixed and floating charge over all the company's asset present and future.
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 6,702 14,693
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year - 12,833
Later than one year and not later than five years 285,625 60,667
Later than five years 137,250 347,583
422,875 421,083
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Jonathan Dugdale 1,090 - 1,090 - -
The above loan was unsecured, interest free and repayable on demand.
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