Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 23 December 2022 false 1 January 2024 31 December 2024 31 December 2024 14556118 Ms Aneta Kwiatkowska Mr David Barczok iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14556118 2023-12-31 14556118 2024-12-31 14556118 2024-01-01 2024-12-31 14556118 frs-core:CurrentFinancialInstruments 2024-12-31 14556118 frs-core:ComputerEquipment 2024-12-31 14556118 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14556118 frs-core:ComputerEquipment 2023-12-31 14556118 frs-core:FurnitureFittings 2024-12-31 14556118 frs-core:FurnitureFittings 2024-01-01 2024-12-31 14556118 frs-core:FurnitureFittings 2023-12-31 14556118 frs-core:NetGoodwill 2024-12-31 14556118 frs-core:NetGoodwill 2024-01-01 2024-12-31 14556118 frs-core:NetGoodwill 2023-12-31 14556118 frs-core:MotorVehicles 2024-12-31 14556118 frs-core:MotorVehicles 2024-01-01 2024-12-31 14556118 frs-core:MotorVehicles 2023-12-31 14556118 frs-core:PlantMachinery 2024-12-31 14556118 frs-core:PlantMachinery 2024-01-01 2024-12-31 14556118 frs-core:PlantMachinery 2023-12-31 14556118 frs-core:ShareCapital 2024-12-31 14556118 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14556118 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14556118 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14556118 frs-bus:SmallEntities 2024-01-01 2024-12-31 14556118 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14556118 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14556118 frs-bus:Director1 2024-01-01 2024-12-31 14556118 frs-bus:Director2 2024-01-01 2024-12-31 14556118 frs-countries:EnglandWales 2024-01-01 2024-12-31 14556118 2022-12-22 14556118 2023-12-31 14556118 2022-12-23 2023-12-31 14556118 frs-core:CurrentFinancialInstruments 2023-12-31 14556118 frs-core:ShareCapital 2023-12-31 14556118 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14556118
Markell Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 14556118
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,160 21,555
Tangible Assets 5 63,533 79,638
82,693 101,193
CURRENT ASSETS
Stocks 6 13,064 25,000
Debtors 7 83,417 80,700
Cash at bank and in hand 117,071 69,543
213,552 175,243
Creditors: Amounts Falling Due Within One Year 8 (130,514 ) (182,908 )
NET CURRENT ASSETS (LIABILITIES) 83,038 (7,665 )
TOTAL ASSETS LESS CURRENT LIABILITIES 165,731 93,528
NET ASSETS 165,731 93,528
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 165,631 93,428
SHAREHOLDERS' FUNDS 165,731 93,528
For the year ending 31 December 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 Income Statement.
On behalf of the board
Ms Aneta Kwiatkowska
Director
06/06/2025
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
Markell Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14556118 . The registered office is Harrison House Sheep Walk, Langford Road, Biggleswade, Bedfordshire, SG18 9RB.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
2.4. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 20% straight line
Fixtures & Fittings 33.33% straight line
Computer Equipment 33.33% Straight line
2.5. 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.
2.6. 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
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Page 3
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 23,950
As at 31 December 2024 23,950
Amortisation
As at 1 January 2024 2,395
Provided during the period 2,395
As at 31 December 2024 4,790
Net Book Value
As at 31 December 2024 19,160
As at 1 January 2024 21,555
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 93,100 12,000 319 - 105,419
Additions 3,445 - - 1,900 5,345
As at 31 December 2024 96,545 12,000 319 1,900 110,764
Depreciation
As at 1 January 2024 23,275 2,400 106 - 25,781
Provided during the period 18,318 2,400 105 627 21,450
As at 31 December 2024 41,593 4,800 211 627 47,231
Net Book Value
As at 31 December 2024 54,952 7,200 108 1,273 63,533
As at 1 January 2024 69,825 9,600 213 - 79,638
Page 3
Page 4
6. Stocks
31 December 2024 31 December 2023
£ £
Stock 13,064 25,000
7. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 79,278 77,198
Prepayments and accrued income 4,139 3,502
83,417 80,700
8. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 9,403 7,842
Corporation tax 30,400 2,237
Other taxes and social security 6,707 4,144
VAT 44,825 31,409
Net wages 4,249 1,276
Accruals and deferred income 34,930 -
Directors' loan accounts - 136,000
130,514 182,908
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4