Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10351363 Mr David Samuel Mr David Samuel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10351363 2023-08-31 10351363 2024-08-31 10351363 2023-09-01 2024-08-31 10351363 frs-core:CurrentFinancialInstruments 2024-08-31 10351363 frs-core:Non-currentFinancialInstruments 2024-08-31 10351363 frs-core:ComputerEquipment 2024-08-31 10351363 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10351363 frs-core:ComputerEquipment 2023-08-31 10351363 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10351363 frs-core:MotorVehicles 2024-08-31 10351363 frs-core:MotorVehicles 2023-09-01 2024-08-31 10351363 frs-core:MotorVehicles 2023-08-31 10351363 frs-core:OtherResidualIntangibleAssets 2024-08-31 10351363 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 10351363 frs-core:OtherResidualIntangibleAssets 2023-08-31 10351363 frs-core:ShareCapital 2024-08-31 10351363 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10351363 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10351363 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10351363 frs-bus:SmallEntities 2023-09-01 2024-08-31 10351363 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10351363 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10351363 frs-bus:Director1 2023-09-01 2024-08-31 10351363 frs-bus:Director1 2023-08-31 10351363 frs-bus:Director1 2024-08-31 10351363 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 10351363 frs-core:CurrentFinancialInstruments 3 2024-08-31 10351363 frs-countries:EnglandWales 2023-09-01 2024-08-31 10351363 2022-08-31 10351363 2023-08-31 10351363 2022-09-01 2023-08-31 10351363 frs-core:CurrentFinancialInstruments 2023-08-31 10351363 frs-core:Non-currentFinancialInstruments 2023-08-31 10351363 frs-core:ShareCapital 2023-08-31 10351363 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10351363 frs-core:CurrentFinancialInstruments 3 2023-08-31
Registered number: 10351363
Mindsafety International Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10351363
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,044 1,305
Tangible Assets 5 851 1,134
1,895 2,439
CURRENT ASSETS
Debtors 6 40,401 174,930
Cash at bank and in hand 13,915 6,486
54,316 181,416
Creditors: Amounts Falling Due Within One Year 7 (35,329 ) (94,652 )
NET CURRENT ASSETS (LIABILITIES) 18,987 86,764
TOTAL ASSETS LESS CURRENT LIABILITIES 20,882 89,203
Creditors: Amounts Falling Due After More Than One Year 8 - (40,439 )
NET ASSETS 20,882 48,764
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Income Statement 19,883 47,764
SHAREHOLDERS' FUNDS 20,883 48,764
Page 1
Page 2
For the year ending 31 August 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 director acknowledges his 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
Mr David Samuel
Director
27/08/2025
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
Mindsafety International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10351363 . The registered office is St Andrews Park, Queens Lane, Bromfield Industrial Estate, Mold, CH7 1XB.
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.
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 - Other Intangible
Other intangible assets are Trademark 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:
Motor Vehicles 25% RBM
Computer Equipment 25% RBM
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 2,610
As at 31 August 2024 2,610
Amortisation
As at 1 September 2023 1,305
Provided during the period 261
As at 31 August 2024 1,566
Net Book Value
As at 31 August 2024 1,044
As at 1 September 2023 1,305
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5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 1,399 475 1,874
As at 31 August 2024 1,399 475 1,874
Depreciation
As at 1 September 2023 350 390 740
Provided during the period 262 21 283
As at 31 August 2024 612 411 1,023
Net Book Value
As at 31 August 2024 787 64 851
As at 1 September 2023 1,049 85 1,134
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,990 104,518
Director's loan account 30,411 70,412
40,401 174,930
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,655 12,655
Bank loans and overdrafts - 17,713
Corporation tax 16,311 14,770
Other taxes and social security - 2,158
VAT 5,233 40,157
Net wages - 1,196
Credit Card Barclay Card - 4,873
Credit Card - Capital On Top (721 ) (721 )
Accruals and deferred income 1,851 1,851
35,329 94,652
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 40,439
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr David Samuel 70,413 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 5