Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12479558 Mr John Flaherty Mr Geoffrey Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12479558 2023-12-31 12479558 2024-12-31 12479558 2024-01-01 2024-12-31 12479558 frs-core:CurrentFinancialInstruments 2024-12-31 12479558 frs-core:Non-currentFinancialInstruments 2024-12-31 12479558 frs-core:BetweenOneFiveYears 2024-12-31 12479558 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12479558 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12479558 frs-core:PlantMachinery 2024-12-31 12479558 frs-core:PlantMachinery 2024-01-01 2024-12-31 12479558 frs-core:PlantMachinery 2023-12-31 12479558 frs-core:WithinOneYear 2024-12-31 12479558 frs-core:ShareCapital 2024-12-31 12479558 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12479558 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12479558 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12479558 frs-bus:SmallEntities 2024-01-01 2024-12-31 12479558 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12479558 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12479558 frs-core:CostValuation 2023-12-31 12479558 frs-core:CostValuation 2024-12-31 12479558 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 12479558 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 12479558 frs-bus:Director1 2024-01-01 2024-12-31 12479558 frs-bus:Director2 2024-01-01 2024-12-31 12479558 frs-countries:EnglandWales 2024-01-01 2024-12-31 12479558 2022-12-31 12479558 2023-12-31 12479558 2023-01-01 2023-12-31 12479558 frs-core:CurrentFinancialInstruments 2023-12-31 12479558 frs-core:Non-currentFinancialInstruments 2023-12-31 12479558 frs-core:BetweenOneFiveYears 2023-12-31 12479558 frs-core:WithinOneYear 2023-12-31 12479558 frs-core:ShareCapital 2023-12-31 12479558 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12479558
Mural Republic Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12479558
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,092 28,904
Investments 5 51 51
102,143 28,955
CURRENT ASSETS
Debtors 6 399,845 291,331
Cash at bank and in hand 872,351 821,325
1,272,196 1,112,656
Creditors: Amounts falling due within one year 7 (614,750 ) (536,529 )
NET CURRENT ASSETS (LIABILITIES) 657,446 576,127
TOTAL ASSETS LESS CURRENT LIABILITIES 759,589 605,082
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,523 ) (7,226 )
NET ASSETS 734,066 597,856
CAPITAL AND RESERVES
Called up share capital 121 120
Profit and Loss Account 733,945 597,736
SHAREHOLDERS' FUNDS 734,066 597,856
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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 Profit and Loss Account.
On behalf of the board
Mr Geoffrey Gray
Director
11/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mural Republic Limited is a private company limited by shares, and is incorporated in England & Wales (registered number 12479558 .) Its registered office is located at 62 The Street, Ashtead, Surrey, KT21 1AT.
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.
The financial statements are presented in sterling, which is the functional currency of the company.
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.  The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.  Actual results may differ from these estimates.
Estimates and their underlying assumptions are reviewed on an ongoing basis. 
The items in the financial statements where these judgements and estimates have been made include:
- The useful life of tangible fixed assets;
- Residual asset values.
2.3. Turnover
Turnover represents the net invoiced sales of services, excludig value added tax, except in respect of service contracts where turnover is recognised when the compnay obtains the right to consideration based on the extent to which work has been performed.
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 10% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 33.33% on cost
2.5. Leasing and Hire Purchase Contracts
Operating leases
Rentals payable under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis over the lease term.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.
Financial Assets
Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.  
The company's policy for investments in subsidiary undertakings is stated separately below.
Financial Liabilities
Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, 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.
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2.7. Taxation
The overall tax charge represents the sum of the tax currently payable and deferred tax.
Current and deferred tax are recognised in the profit and loss account 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.  On the grounds of immateriality, deferred tax assets and liabilities are not discounted.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excludes items of income and expenditure that are not taxable or deductible, or that are taxable or deductible in other accounting periods. 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
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise.  Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the financial statements. 
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Investments
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 37,520
Additions 81,204
As at 31 December 2024 118,724
Depreciation
As at 1 January 2024 8,616
Provided during the period 8,016
As at 31 December 2024 16,632
Net Book Value
As at 31 December 2024 102,092
As at 1 January 2024 28,904
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5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2024 51
As at 31 December 2024 51
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 51
As at 1 January 2024 51
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 317,361 237,385
Prepayments and accrued income 15,589 35,946
Other debtors 3,049 3,049
VAT 48,773 12,014
Called up share capital not paid 1 -
384,773 288,394
Due after more than one year
Other debtors 15,072 2,937
399,845 291,331
7. Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 320,838 272,614
Corporation tax (725 ) -
Other taxes and social security 32,355 30,328
Accruals and deferred income 262,282 233,587
614,750 536,529
8. Other Commitments
At the balance sheet date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:
2024 2023
£ £
Not later than one year 28,996 11,022
Later than one year and not later than five years 24,817 -
53,813 11,022
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9. Related Party Transactions
At the balance sheet date, the company was due £3,049 (2023: £3,049) from Mural Republic Studio Limited, a subsidiary undertaking.
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