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 12974608 Mr Thomas Philp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12974608 2023-10-31 12974608 2024-10-31 12974608 2023-11-01 2024-10-31 12974608 frs-core:CurrentFinancialInstruments 2024-10-31 12974608 frs-core:Non-currentFinancialInstruments 2024-10-31 12974608 frs-core:ComputerEquipment 2024-10-31 12974608 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12974608 frs-core:ComputerEquipment 2023-10-31 12974608 frs-core:FurnitureFittings 2024-10-31 12974608 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12974608 frs-core:FurnitureFittings 2023-10-31 12974608 frs-core:ShareCapital 2024-10-31 12974608 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12974608 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12974608 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12974608 frs-bus:SmallEntities 2023-11-01 2024-10-31 12974608 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12974608 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12974608 frs-bus:Director1 2023-11-01 2024-10-31 12974608 frs-countries:EnglandWales 2023-11-01 2024-10-31 12974608 2022-10-31 12974608 2023-10-31 12974608 2022-11-01 2023-10-31 12974608 frs-core:CurrentFinancialInstruments 2023-10-31 12974608 frs-core:Non-currentFinancialInstruments 2023-10-31 12974608 frs-core:ShareCapital 2023-10-31 12974608 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12974608
Maximum Information Consulting Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12974608
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,265 13,429
17,265 13,429
CURRENT ASSETS
Debtors 5 75,714 26,676
Cash at bank and in hand 423,346 275,402
499,060 302,078
Creditors: Amounts Falling Due Within One Year 6 (40,833 ) (46,606 )
NET CURRENT ASSETS (LIABILITIES) 458,227 255,472
TOTAL ASSETS LESS CURRENT LIABILITIES 475,492 268,901
Creditors: Amounts Falling Due After More Than One Year 7 (1,072,247 ) (415,836 )
NET LIABILITIES (596,755 ) (146,935 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (596,757 ) (146,937 )
SHAREHOLDERS' FUNDS (596,755) (146,935)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Thomas Philp
Director
03/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Maximum Information Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12974608 . The registered office is C/O Red Fish Accountancy Limited Unit 2 , Pondtail Farm, Coolham Road, West Grinstead, Horsham, West Sussex, RH13 8LN.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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:
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 8,820 9,747 18,567
Additions 1,843 7,671 9,514
As at 31 October 2024 10,663 17,418 28,081
Depreciation
As at 1 November 2023 3,465 1,673 5,138
Provided during the period 2,307 3,371 5,678
As at 31 October 2024 5,772 5,044 10,816
Net Book Value
As at 31 October 2024 4,891 12,374 17,265
As at 1 November 2023 5,355 8,074 13,429
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 20,700
Prepayments and accrued income 67,706 5,976
Other debtors 42 -
VAT 7,966 -
75,714 26,676
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,302 2,838
Bank loans and overdrafts 7,739 -
Other taxes and social security 1,680 7,863
VAT - 15,213
Other creditors 1,717 2,683
Accruals and deferred income 4,300 4,914
Director's loan account 13,095 13,095
40,833 46,606
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 1,072,247 415,836
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
As at 31 October 2024, the director Mr T Philp was owed £13,095 (2023: £13,095 ) by the company. The loan was interest free with no set repayment terms.
10. Convertible Loan
On 8 March 2023, the company issued a £400,000 unsecured convertible loan. The loan carries 10% interest per annum, and matures on 30 September 2025. If the loan is not converted, the principle amount is repayable in full on maturity.
On 22 July 2024, the company issued a £600,000 unsecured convertible loan. The loan carries 10% interest per annum, and matures on 30 September 2025. If the loan is not converted, the principle amount is repayable in full on maturity.
The effective interest rate on initial recognition is 10% per annum.
As at 31 October 2024, no conversion has occured 
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