Acorah Software Products - Accounts Production 16.4.675 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09139859 Mr PETRU MEREACRE iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09139859 2023-08-31 09139859 2024-08-31 09139859 2023-09-01 2024-08-31 09139859 frs-core:CurrentFinancialInstruments 2024-08-31 09139859 frs-core:Non-currentFinancialInstruments 2024-08-31 09139859 frs-core:BetweenOneFiveYears 2024-08-31 09139859 frs-core:ComputerEquipment 2024-08-31 09139859 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09139859 frs-core:ComputerEquipment 2023-08-31 09139859 frs-core:MotorVehicles 2024-08-31 09139859 frs-core:MotorVehicles 2023-09-01 2024-08-31 09139859 frs-core:MotorVehicles 2023-08-31 09139859 frs-core:PlantMachinery 2024-08-31 09139859 frs-core:PlantMachinery 2023-09-01 2024-08-31 09139859 frs-core:PlantMachinery 2023-08-31 09139859 frs-core:ShareCapital 2024-08-31 09139859 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09139859 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09139859 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09139859 frs-bus:SmallEntities 2023-09-01 2024-08-31 09139859 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09139859 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09139859 frs-bus:Director1 2023-09-01 2024-08-31 09139859 frs-core:Non-currentFinancialInstruments 1 2024-08-31 09139859 frs-countries:EnglandWales 2023-09-01 2024-08-31 09139859 2022-08-31 09139859 2023-08-31 09139859 2022-09-01 2023-08-31 09139859 frs-core:CurrentFinancialInstruments 2023-08-31 09139859 frs-core:Non-currentFinancialInstruments 2023-08-31 09139859 frs-core:BetweenOneFiveYears 2023-08-31 09139859 frs-core:ShareCapital 2023-08-31 09139859 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09139859 frs-core:Non-currentFinancialInstruments 1 2023-08-31
Registered number: 09139859
Mercon Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09139859
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 856,332 241,829
856,332 241,829
CURRENT ASSETS
Debtors 5 1,440,438 758,557
Cash at bank and in hand 206,869 217,866
1,647,307 976,423
Creditors: Amounts Falling Due Within One Year 6 (683,598 ) (106,912 )
NET CURRENT ASSETS (LIABILITIES) 963,709 869,511
TOTAL ASSETS LESS CURRENT LIABILITIES 1,820,041 1,111,340
Creditors: Amounts Falling Due After More Than One Year 7 (493,487 ) (452,913 )
NET ASSETS 1,326,554 658,427
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,326,553 658,426
SHAREHOLDERS' FUNDS 1,326,554 658,427
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 member has 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 Profit and Loss Account.
On behalf of the board
Mr PETRU MEREACRE
Director
29th August 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
Mercon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09139859 . The registered office is 17 Barrington Way, Reading, RG1 6EG.
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. 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 18% Straight Line
Motor Vehicles 18% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 151,715 164,708 483 316,906
Additions 707,099 107,141 - 814,240
Disposals - (28,894 ) - (28,894 )
As at 31 August 2024 858,814 242,955 483 1,102,252
Depreciation
As at 1 September 2023 32,143 42,451 483 75,077
Provided during the period 150,106 37,207 - 187,313
Disposals - (16,470 ) - (16,470 )
As at 31 August 2024 182,249 63,188 483 245,920
Net Book Value
As at 31 August 2024 676,565 179,767 - 856,332
As at 1 September 2023 119,572 122,257 - 241,829
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,396,279 712,258
VAT 44,159 46,299
1,440,438 758,557
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 551,405 72,582
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 107,112 23,163
Other creditors 15,000 790
Director's loan account 81 377
683,598 106,912
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,987 50,413
Bank loans 7,500 17,500
Other creditors (1) 430,000 385,000
493,487 452,913
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 55,987 50,413
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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