Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 6739727 Mr Mark Robinson Mrs Diane Robinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6739727 2023-10-31 6739727 2024-10-31 6739727 2023-11-01 2024-10-31 6739727 frs-core:CurrentFinancialInstruments 2024-10-31 6739727 frs-core:Non-currentFinancialInstruments 2024-10-31 6739727 frs-core:ComputerEquipment 2024-10-31 6739727 frs-core:ComputerEquipment 2023-11-01 2024-10-31 6739727 frs-core:ComputerEquipment 2023-10-31 6739727 frs-core:FurnitureFittings 2024-10-31 6739727 frs-core:FurnitureFittings 2023-11-01 2024-10-31 6739727 frs-core:FurnitureFittings 2023-10-31 6739727 frs-core:MotorVehicles 2024-10-31 6739727 frs-core:MotorVehicles 2023-11-01 2024-10-31 6739727 frs-core:MotorVehicles 2023-10-31 6739727 frs-core:PlantMachinery 2024-10-31 6739727 frs-core:PlantMachinery 2023-11-01 2024-10-31 6739727 frs-core:PlantMachinery 2023-10-31 6739727 frs-core:ShareCapital 2024-10-31 6739727 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 6739727 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 6739727 frs-bus:SmallEntities 2023-11-01 2024-10-31 6739727 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 6739727 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 6739727 frs-bus:Director1 2023-11-01 2024-10-31 6739727 frs-bus:Director1 2023-10-31 6739727 frs-bus:Director1 2024-10-31 6739727 frs-bus:Director2 2023-11-01 2024-10-31 6739727 frs-bus:Director2 2023-10-31 6739727 frs-bus:Director2 2024-10-31 6739727 frs-core:CurrentFinancialInstruments 1 2024-10-31 6739727 frs-core:CurrentFinancialInstruments 2 2024-10-31 6739727 frs-countries:EnglandWales 2023-11-01 2024-10-31 6739727 2022-10-31 6739727 2023-10-31 6739727 2022-11-01 2023-10-31 6739727 frs-core:CurrentFinancialInstruments 2023-10-31 6739727 frs-core:Non-currentFinancialInstruments 2023-10-31 6739727 frs-core:ShareCapital 2023-10-31 6739727 frs-core:CurrentFinancialInstruments 1 2023-10-31 6739727 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 6739727
M&D Sewing Machines Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Stanford Williams Limited
Chartered Certified Accountants
Unit C
271-273 High Street
Blackwood
Gwent
NP12 1AW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 6739727
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,002 16,136
11,002 16,136
CURRENT ASSETS
Debtors 5 30,432 29,520
Cash at bank and in hand 850 12
31,282 29,532
Creditors: Amounts Falling Due Within One Year 6 (42,184 ) (45,568 )
NET CURRENT ASSETS (LIABILITIES) (10,902 ) (16,036 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100 100
NET ASSETS 100 100
CAPITAL AND RESERVES
Called up share capital 7 100 100
SHAREHOLDERS' FUNDS 100 100
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
Mr Mark Robinson
Director
25/03/2025
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
M&D Sewing Machines Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 6739727 . The registered office is Unit C, 271-273 High Street, Blackwood, Gwent, NP12 1AW.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 33%
2.4. 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.
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 2 2
2 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 8,050 16,600 1,088 2,156 27,894
Additions 1,200 - - - 1,200
As at 31 October 2024 9,250 16,600 1,088 2,156 29,094
Depreciation
As at 1 November 2023 4,775 4,151 1,088 1,744 11,758
Provided during the period 1,938 4,150 - 246 6,334
As at 31 October 2024 6,713 8,301 1,088 1,990 18,092
Net Book Value
As at 31 October 2024 2,537 8,299 - 166 11,002
As at 1 November 2023 3,275 12,449 - 412 16,136
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,356 3,042
Directors' loan accounts 28,421 26,478
29,777 29,520
Due after more than one year
Corporation tax recoverable assets 655 -
30,432 29,520
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 1,101 3,496
Corporation tax 4,684 3,161
VAT 3,249 195
Bounce Back Loan 19,625 23,147
Caddy Maxi NA69 SRO Loan 12,743 15,038
Accruals and deferred income 783 531
42,184 45,568
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Mark Robinson 13,239 971 - - 14,210
Mrs Diane Robinson 13,239 971 - - 14,210
The above loan is unsecured, interest free and repayable on demand.
Page 4