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 7946146 Mr Paul Molineux Mr Paul Brown Mr Benjamin Tubb Mr Graham Soar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7946146 2024-01-31 7946146 2025-01-31 7946146 2024-02-01 2025-01-31 7946146 frs-core:CurrentFinancialInstruments 2025-01-31 7946146 frs-core:Non-currentFinancialInstruments 2025-01-31 7946146 frs-core:ComputerEquipment 2025-01-31 7946146 frs-core:ComputerEquipment 2024-02-01 2025-01-31 7946146 frs-core:ComputerEquipment 2024-01-31 7946146 frs-core:FurnitureFittings 2025-01-31 7946146 frs-core:FurnitureFittings 2024-02-01 2025-01-31 7946146 frs-core:FurnitureFittings 2024-01-31 7946146 frs-core:MotorVehicles 2025-01-31 7946146 frs-core:MotorVehicles 2024-02-01 2025-01-31 7946146 frs-core:MotorVehicles 2024-01-31 7946146 frs-core:PlantMachinery 2025-01-31 7946146 frs-core:PlantMachinery 2024-02-01 2025-01-31 7946146 frs-core:PlantMachinery 2024-01-31 7946146 frs-core:RevaluationReserve 2024-02-01 2025-01-31 7946146 frs-core:RevaluationReserve 2024-01-31 7946146 frs-core:RevaluationReserve 2025-01-31 7946146 frs-core:ShareCapital 2025-01-31 7946146 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 7946146 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 7946146 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 7946146 frs-bus:SmallEntities 2024-02-01 2025-01-31 7946146 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 7946146 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 7946146 frs-bus:Director1 2024-02-01 2025-01-31 7946146 frs-bus:Director2 2024-02-01 2025-01-31 7946146 frs-bus:Director3 2024-02-01 2025-01-31 7946146 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 7946146 frs-core:CurrentFinancialInstruments 1 2025-01-31 7946146 frs-core:Non-currentFinancialInstruments 1 2025-01-31 7946146 frs-core:CurrentFinancialInstruments 2 2025-01-31 7946146 frs-countries:EnglandWales 2024-02-01 2025-01-31 7946146 2023-01-31 7946146 2024-01-31 7946146 2023-02-01 2024-01-31 7946146 frs-core:CurrentFinancialInstruments 2024-01-31 7946146 frs-core:Non-currentFinancialInstruments 2024-01-31 7946146 frs-core:RevaluationReserve 2024-01-31 7946146 frs-core:ShareCapital 2024-01-31 7946146 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 7946146 frs-core:CurrentFinancialInstruments 1 2024-01-31 7946146 frs-core:Non-currentFinancialInstruments 1 2024-01-31 7946146 frs-core:CurrentFinancialInstruments 2 2024-01-31
Registered number: 7946146
Paul Molineux Associates Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
HAG Accounting Services LTD
Owl Lodge
Tubwell Lane
Crowborough
East Sussex
TN6 3RN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 7946146
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,041 8,401
4,041 8,401
CURRENT ASSETS
Debtors 5 114,056 85,154
Cash at bank and in hand 111,427 159,945
225,483 245,099
Creditors: Amounts Falling Due Within One Year 6 (199,907 ) (223,841 )
NET CURRENT ASSETS (LIABILITIES) 25,576 21,258
TOTAL ASSETS LESS CURRENT LIABILITIES 29,617 29,659
Creditors: Amounts Falling Due After More Than One Year 7 (1,050 ) (1,015 )
NET ASSETS 28,567 28,644
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 10 17,573 21,044
Profit and Loss Account 10,894 7,500
SHAREHOLDERS' FUNDS 28,567 28,644
Page 1
Page 2
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
Mr Paul Molineux
Director
21st March 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
Paul Molineux Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 7946146 . The registered office is Owl Lodge, Tubwell Lane, Crowborough, East Sussex, TN6 3RJ.
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. 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
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33.33 Straight Line
2.4. 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:
2025 2024
Office and administration 8 8
8 8
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 17,902 2,000 5,758 37,573 63,233
Additions - - 608 544 1,152
As at 31 January 2025 17,902 2,000 6,366 38,117 64,385
Depreciation
As at 1 February 2024 15,969 1,786 3,831 33,246 54,832
Provided during the period 456 42 506 4,508 5,512
As at 31 January 2025 16,425 1,828 4,337 37,754 60,344
Net Book Value
As at 31 January 2025 1,477 172 2,029 363 4,041
As at 1 February 2024 1,933 214 1,927 4,327 8,401
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 113,956 84,814
Prepayments and accrued income - 240
Called up share capital not paid 100 100
114,056 85,154
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) 1
Corporation tax 90,781 89,142
VAT 41,532 29,657
Unpaid expenses 349 -
Other creditors accounts 746 -
Directors' loan accounts - 2,041
Amounts owed to related parties 66,500 103,000
199,907 223,841
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors (1) 1,050 1,015
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8. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 198,500 244,516
Final dividend paid 66,500 31,000
265,000 275,516
10. Reserves
Revaluation Reserve
£
As at 1 February 2024 21,044
Transfer to profit and loss (3,471 )
As at 31 January 2025 17,573
Page 5