Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13301182 N McQueen M T Hawcroft M A Flanagan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13301182 2024-03-31 13301182 2025-03-31 13301182 2024-04-01 2025-03-31 13301182 frs-core:CurrentFinancialInstruments 2025-03-31 13301182 frs-core:ComputerEquipment 2025-03-31 13301182 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13301182 frs-core:ComputerEquipment 2024-03-31 13301182 frs-core:ShareCapital 2025-03-31 13301182 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13301182 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13301182 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13301182 frs-bus:SmallEntities 2024-04-01 2025-03-31 13301182 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13301182 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13301182 frs-bus:Director1 2024-04-01 2025-03-31 13301182 frs-bus:Director2 2024-04-01 2025-03-31 13301182 frs-bus:Director3 2024-04-01 2025-03-31 13301182 frs-countries:EnglandWales 2024-04-01 2025-03-31 13301182 2023-03-31 13301182 2024-03-31 13301182 2023-04-01 2024-03-31 13301182 frs-core:CurrentFinancialInstruments 2024-03-31 13301182 frs-core:ShareCapital 2024-03-31 13301182 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13301182
MCQ Partnership Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
KRJH Limited T/A Century 21 Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13301182
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,499 1,999
1,499 1,999
CURRENT ASSETS
Stocks 5 19,137 6,824
Debtors 6 3,857 4,183
Cash at bank and in hand 58,322 58,195
81,316 69,202
Creditors: Amounts Falling Due Within One Year 7 (81,524 ) (70,241 )
NET CURRENT ASSETS (LIABILITIES) (208 ) (1,039 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,291 960
PROVISIONS FOR LIABILITIES
Deferred Taxation (515 ) (400 )
NET ASSETS 776 560
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 676 460
SHAREHOLDERS' FUNDS 776 560
Page 1
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For the year ending 31 March 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
N McQueen
Director
23/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MCQ Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13301182 . The registered office is 28b The Grove, Ilkley, LS29 9EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true  and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair 
value]. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services  provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the  nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the  goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. 
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The  stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue  is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their 
useful lives on the following bases:
Computer Equipment 25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds  and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks  over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 
102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except  when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 2,666
As at 31 March 2025 2,666
Depreciation
As at 1 April 2024 667
Provided during the period 500
As at 31 March 2025 1,167
Net Book Value
As at 31 March 2025 1,499
As at 1 April 2024 1,999
5. Stocks
2025 2024
£ £
Stock 19,137 6,824
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,233 2,334
Other debtors 624 1,849
3,857 4,183
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,918 1,558
Amounts owed to participating interests 31,250 50,000
Other creditors 6,983 874
Taxation and social security 39,373 17,809
81,524 70,241
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company
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