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 01919989 Mrs J Cobley Mrs L A Stones Ms C L Cobley Mrs L A Stones true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01919989 2023-10-31 01919989 2024-10-31 01919989 2023-11-01 2024-10-31 01919989 frs-core:CurrentFinancialInstruments 2024-10-31 01919989 frs-core:ShareCapital 2024-10-31 01919989 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 01919989 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01919989 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 01919989 frs-bus:SmallEntities 2023-11-01 2024-10-31 01919989 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 01919989 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 01919989 1 2023-11-01 2024-10-31 01919989 frs-core:CostValuation 2023-10-31 01919989 frs-core:AdditionsToInvestments 2024-10-31 01919989 frs-core:DisposalsRepaymentsInvestments 2024-10-31 01919989 frs-core:CostValuation 2024-10-31 01919989 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 01919989 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 01919989 frs-core:UnlistedNon-exchangeTraded 2024-10-31 01919989 frs-core:UnlistedNon-exchangeTraded 2023-10-31 01919989 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 01919989 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 01919989 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 01919989 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 01919989 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 01919989 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 01919989 frs-bus:Director1 2023-11-01 2024-10-31 01919989 frs-bus:Director2 2023-11-01 2024-10-31 01919989 frs-bus:Director3 2023-11-01 2024-10-31 01919989 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 01919989 frs-countries:EnglandWales 2023-11-01 2024-10-31 01919989 2022-10-31 01919989 2023-10-31 01919989 2022-11-01 2023-10-31 01919989 frs-core:CurrentFinancialInstruments 2023-10-31 01919989 frs-core:ShareCapital 2023-10-31 01919989 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 01919989
Midascheck Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
CV37 9NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01919989
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 271,719 271,493
271,719 271,493
Creditors: Amounts Falling Due Within One Year 5 (653 ) (653 )
NET CURRENT ASSETS (LIABILITIES) (653 ) (653 )
TOTAL ASSETS LESS CURRENT LIABILITIES 271,066 270,840
NET ASSETS 271,066 270,840
CAPITAL AND RESERVES
Called up share capital 6 260,000 260,000
Profit and Loss Account 11,066 10,840
SHAREHOLDERS' FUNDS 271,066 270,840
Page 1
Page 2
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 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
Mrs L A Stones
Director
19/06/2025
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
Midascheck Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01919989 . The registered office is The Atlantic Hotel, Dane Road, Newquay, Cornwall, TR7 1EN.
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. 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 years 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.
...CONTINUED
Page 3
Page 4
2.3. Taxation - continued
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4.
Investments in sbsidiaries
Investments in subsidiary undertakings are recognised at cost.
2.5.
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2.6.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 248 of the Companies Act 1985 not to prepare group accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Subsidiaries Unlisted Total
£ £ £
Cost
As at 1 November 2023 253,520 17,973 271,493
Additions - 1,000 1,000
Disposals - (774 ) (774 )
As at 31 October 2024 253,520 18,199 271,719
Provision
As at 1 November 2023 - - -
As at 31 October 2024 - - -
Net Book Value
As at 31 October 2024 253,520 18,199 271,719
As at 1 November 2023 253,520 17,973 271,493
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 600 600
Taxation and social security 53 53
653 653
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 260,000 260,000
7. Ultimate Controlling Party
The company was controlled throughout the current and previous period by its director, Mrs L A Stones, who owns 100% of the voting "A" Ordinary shares of the company.
Page 5