Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10487353 Ms Christina Alepi Mr Konstantinos Paschalis Mrs Kyriacou Skordis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10487353 2023-11-30 10487353 2024-11-30 10487353 2023-12-01 2024-11-30 10487353 frs-core:CurrentFinancialInstruments 2024-11-30 10487353 frs-core:ComputerEquipment 2024-11-30 10487353 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10487353 frs-core:ComputerEquipment 2023-11-30 10487353 frs-core:ShareCapital 2024-11-30 10487353 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10487353 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10487353 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10487353 frs-bus:SmallEntities 2023-12-01 2024-11-30 10487353 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10487353 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10487353 frs-bus:Director1 2023-12-01 2024-11-30 10487353 frs-bus:Director2 2023-12-01 2024-11-30 10487353 frs-bus:Director3 2023-12-01 2024-11-30 10487353 1 2023-12-01 2024-11-30 10487353 frs-countries:EnglandWales 2023-12-01 2024-11-30 10487353 2022-11-30 10487353 2023-11-30 10487353 2022-12-01 2023-11-30 10487353 frs-core:CurrentFinancialInstruments 2023-11-30 10487353 frs-core:ShareCapital 2023-11-30 10487353 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10487353 1 2022-12-01 2023-11-30
Registered number: 10487353
Motikon Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 10487353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,465 1,953
1,465 1,953
CURRENT ASSETS
Debtors 5 712 6,780
Cash at bank and in hand 82,926 80,613
83,638 87,393
Creditors: Amounts Falling Due Within One Year 6 (79,364 ) (23,770 )
NET CURRENT ASSETS (LIABILITIES) 4,274 63,623
TOTAL ASSETS LESS CURRENT LIABILITIES 5,739 65,576
PROVISIONS FOR LIABILITIES
Provisions For Charges (400 ) (400 )
NET ASSETS 5,339 65,176
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 5,239 65,076
SHAREHOLDERS' FUNDS 5,339 65,176
Page 1
Page 2
For the year ending 30 November 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 Christina Alepi
Director
20 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Motikon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10487353 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 prepared in sterling, which is the functional currency of the entity.
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 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. 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:
Computer Equipment 25% reducing balance
2.4. 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.
2.5. Taxation
There is no corporation tax as the company incurred losses.
There is a corporation tax repayment further to losses utilisation against the profits of the previous year.
2.6. Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.
2.7. Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured 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 the market rate of interest.
2.8. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
2 2
2 2
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2023 2,604
As at 30 November 2024 2,604
Depreciation
As at 1 December 2023 651
Provided during the period 488
As at 30 November 2024 1,139
Net Book Value
As at 30 November 2024 1,465
As at 1 December 2023 1,953
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 6,780
Corporation tax recoverable assets 712 -
712 6,780
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 712
VAT - 1,100
Directors' loan accounts 23,364 21,958
Dividends unpaid 56,000 -
79,364 23,770
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4