Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03891054 Mr Jean-Francois Maechel Mrs Sandra Bootle Mrs Sandra Bootle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03891054 2023-03-31 03891054 2024-03-31 03891054 2023-04-01 2024-03-31 03891054 frs-core:CurrentFinancialInstruments 2024-03-31 03891054 frs-core:ComputerEquipment 2024-03-31 03891054 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03891054 frs-core:ComputerEquipment 2023-03-31 03891054 frs-core:ShareCapital 2024-03-31 03891054 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03891054 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03891054 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03891054 frs-bus:SmallEntities 2023-04-01 2024-03-31 03891054 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03891054 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03891054 frs-bus:Director1 2023-04-01 2024-03-31 03891054 frs-bus:Director2 2023-04-01 2024-03-31 03891054 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03891054 frs-countries:EnglandWales 2023-04-01 2024-03-31 03891054 2022-03-31 03891054 2023-03-31 03891054 2022-04-01 2023-03-31 03891054 frs-core:CurrentFinancialInstruments 2023-03-31 03891054 frs-core:ShareCapital 2023-03-31 03891054 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03891054
M L Technology Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03891054
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 383 383
383 383
CURRENT ASSETS
Cash at bank and in hand 7,593 7,593
7,593 7,593
Creditors: Amounts Falling Due Within One Year 5 76,505 76,505
NET CURRENT ASSETS (LIABILITIES) 84,098 84,098
TOTAL ASSETS LESS CURRENT LIABILITIES 84,481 84,481
PROVISIONS FOR LIABILITIES
Deferred Taxation (60 ) (60 )
NET ASSETS 84,421 84,421
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 84,321 84,321
SHAREHOLDERS' FUNDS 84,421 84,421
Page 1
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For the year ending 31 March 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 Jean-Francois Maechel
Director
26/06/2025
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
M L Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03891054 . The registered office is Herston Cross House, 230 High Street, Swanage, Dorset, BH19 2PQ.
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 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:
Computer Equipment 25% Reducing Balance method
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.
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2.5. 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.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
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: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 729
As at 31 March 2024 729
Depreciation
As at 1 April 2023 346
As at 31 March 2024 346
Net Book Value
As at 31 March 2024 383
As at 1 April 2023 383
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1,500 ) (1,500 )
Other creditors 1,890 1,890
Directors' loan accounts 40,297 40,297
Amounts owed to group undertakings - Naurex Ltd (117,192 ) (117,192 )
(76,505 ) (76,505 )
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6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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