Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 05274706 Mr A Espinosa Mrs D M Espinosa Mrs D M Espinosa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05274706 2023-11-30 05274706 2024-11-30 05274706 2023-12-01 2024-11-30 05274706 frs-core:CurrentFinancialInstruments 2024-11-30 05274706 frs-core:ComputerEquipment 2024-11-30 05274706 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05274706 frs-core:ComputerEquipment 2023-11-30 05274706 frs-core:FurnitureFittings 2024-11-30 05274706 frs-core:FurnitureFittings 2023-12-01 2024-11-30 05274706 frs-core:FurnitureFittings 2023-11-30 05274706 frs-core:ShareCapital 2024-11-30 05274706 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05274706 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05274706 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05274706 frs-bus:SmallEntities 2023-12-01 2024-11-30 05274706 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05274706 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05274706 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 05274706 frs-bus:OrdinaryShareClass1 2024-11-30 05274706 frs-bus:Director1 2023-12-01 2024-11-30 05274706 frs-bus:Director2 2023-12-01 2024-11-30 05274706 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 05274706 frs-countries:EnglandWales 2023-12-01 2024-11-30 05274706 2022-11-30 05274706 2023-11-30 05274706 2022-12-01 2023-11-30 05274706 frs-core:CurrentFinancialInstruments 2023-11-30 05274706 frs-core:ShareCapital 2023-11-30 05274706 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05274706 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30
Registered number: 05274706
Mexsol Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05274706
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 129 672
129 672
CURRENT ASSETS
Debtors 5 11,659 8,610
Cash at bank and in hand 114,081 105,495
125,740 114,105
Creditors: Amounts Falling Due Within One Year 6 (21,266 ) (21,534 )
NET CURRENT ASSETS (LIABILITIES) 104,474 92,571
TOTAL ASSETS LESS CURRENT LIABILITIES 104,603 93,243
NET ASSETS 104,603 93,243
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 104,503 93,143
SHAREHOLDERS' FUNDS 104,603 93,243
For the year ending 30 November 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 A Espinosa
Director
18 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mexsol Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Computer consultancy fees
When the outcome of a transaction can be estimated reliably, turnover from computer consultancy fees is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the services were performed. 
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
2.4. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 507 8,838 9,345
As at 30 November 2024 507 8,838 9,345
Depreciation
As at 1 December 2023 507 8,166 8,673
Provided during the period - 543 543
As at 30 November 2024 507 8,709 9,216
Net Book Value
As at 30 November 2024 - 129 129
As at 1 December 2023 - 672 672
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,040 8,010
Prepayments and accrued income 475 456
Other debtors 144 144
11,659 8,610
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 10,006 9,260
VAT 7,532 8,079
Other creditors 1,274 1,849
Accruals and deferred income 2,334 2,226
Directors' loan accounts 120 120
21,266 21,534
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 3