Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 4069222 Mr James Wallace Mrs Laura Kingsland Mrs Marie Wallace Mr Mark Digweed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4069222 2023-09-30 4069222 2024-09-30 4069222 2023-10-01 2024-09-30 4069222 frs-core:CurrentFinancialInstruments 2024-09-30 4069222 frs-core:ComputerEquipment 2023-10-01 2024-09-30 4069222 frs-core:FurnitureFittings 2024-09-30 4069222 frs-core:FurnitureFittings 2023-10-01 2024-09-30 4069222 frs-core:FurnitureFittings 2023-09-30 4069222 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 4069222 frs-core:MotorVehicles 2024-09-30 4069222 frs-core:MotorVehicles 2023-10-01 2024-09-30 4069222 frs-core:MotorVehicles 2023-09-30 4069222 frs-core:PlantMachinery 2024-09-30 4069222 frs-core:PlantMachinery 2023-10-01 2024-09-30 4069222 frs-core:PlantMachinery 2023-09-30 4069222 frs-core:ShareCapital 2024-09-30 4069222 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 4069222 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 4069222 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 4069222 frs-bus:SmallEntities 2023-10-01 2024-09-30 4069222 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 4069222 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 4069222 frs-bus:Director1 2023-10-01 2024-09-30 4069222 frs-bus:Director2 2023-10-01 2024-09-30 4069222 frs-bus:Director3 2023-10-01 2024-09-30 4069222 frs-bus:Director4 2023-10-01 2024-09-30 4069222 frs-core:CurrentFinancialInstruments 1 2024-09-30 4069222 frs-countries:EnglandWales 2023-10-01 2024-09-30 4069222 2022-09-30 4069222 2023-09-30 4069222 2022-10-01 2023-09-30 4069222 frs-core:CurrentFinancialInstruments 2023-09-30 4069222 frs-core:ShareCapital 2023-09-30 4069222 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 4069222 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 4069222
Monicam Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Faure & Co.Limited
Park Mill Farm
Chulmleigh
Devon
EX18 7EA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 4069222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,876 38,253
20,876 38,253
CURRENT ASSETS
Stocks 5 155,863 731,235
Debtors 6 282,431 647,533
Cash at bank and in hand 1,619,792 1,022,984
2,058,086 2,401,752
Creditors: Amounts Falling Due Within One Year 7 (475,726 ) (768,016 )
NET CURRENT ASSETS (LIABILITIES) 1,582,360 1,633,736
TOTAL ASSETS LESS CURRENT LIABILITIES 1,603,236 1,671,989
NET ASSETS 1,603,236 1,671,989
CAPITAL AND RESERVES
Called up share capital 8 18 18
Profit and Loss Account 1,603,218 1,671,971
SHAREHOLDERS' FUNDS 1,603,236 1,671,989
For the year ending 30 September 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 James Wallace
Director
Mr Mark Digweed
Director
20/06/2025
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
Monicam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4069222 . The registered office is Innovation House, Innovation Way, Discovery Park,, Sandwich, Kent, CT13 9FF.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Freehold market value exceeds cost no depreciation
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
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 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.
...CONTINUED
Page 2
Page 3
2.5. Taxation - continued
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:
2024 2023
Office and administration 4 4
Sales, marketing and distribution 2 2
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 5,059 139,180 86,513 230,752
Additions - - 1,077 1,077
As at 30 September 2024 5,059 139,180 87,590 231,829
Depreciation
As at 1 October 2023 5,050 104,878 82,571 192,499
Provided during the period - 16,839 1,615 18,454
As at 30 September 2024 5,050 121,717 84,186 210,953
Net Book Value
As at 30 September 2024 9 17,463 3,404 20,876
As at 1 October 2023 9 34,302 3,942 38,253
5. Stocks
2024 2023
£ £
Work in progress 155,863 731,235
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 255,916 571,373
Prepayments and accrued income 9,570 21,241
VAT 16,945 54,919
282,431 647,533
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 71,199 222,579
Corporation tax 91,215 221,966
Other taxes and social security 52,499 38,655
CIS control account (Current liabilities - creditors < 1 year) 138,535 258,582
Accruals and deferred income 9,245 9,245
Directors' loan accounts 113,033 16,989
475,726 768,016
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 18 18
Page 4