Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 13926097 Mr M Fitzgerald Mark R Fitzgerald Ltd (Company number 13920011) true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13926097 2024-02-28 13926097 2025-02-28 13926097 2024-02-29 2025-02-28 13926097 frs-core:CurrentFinancialInstruments 2025-02-28 13926097 frs-core:ComputerEquipment 2025-02-28 13926097 frs-core:ComputerEquipment 2024-02-29 2025-02-28 13926097 frs-core:ComputerEquipment 2024-02-28 13926097 frs-core:ShareCapital 2025-02-28 13926097 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13926097 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 13926097 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 13926097 frs-bus:SmallEntities 2024-02-29 2025-02-28 13926097 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 13926097 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 13926097 1 2024-02-29 2025-02-28 13926097 frs-core:DeferredTaxation 2024-02-29 2025-02-28 13926097 frs-core:DeferredTaxation 2024-02-28 13926097 frs-core:DeferredTaxation 2025-02-28 13926097 frs-bus:Director1 2024-02-29 2025-02-28 13926097 frs-countries:EnglandWales 2024-02-29 2025-02-28 13926097 2023-02-28 13926097 2024-02-28 13926097 2023-03-01 2024-02-28 13926097 frs-core:CurrentFinancialInstruments 2024-02-28 13926097 frs-core:ShareCapital 2024-02-28 13926097 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 13926097
Mrf Training Solutions Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Search Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13926097
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 598 1,614
598 1,614
CURRENT ASSETS
Debtors 5 10,436 9,408
Cash at bank and in hand 5,994 23,418
16,430 32,826
Creditors: Amounts Falling Due Within One Year 6 (13,691 ) (33,860 )
NET CURRENT ASSETS (LIABILITIES) 2,739 (1,034 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,337 580
PROVISIONS FOR LIABILITIES
Deferred Taxation (150 ) (307 )
NET ASSETS 3,187 273
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 3,087 173
SHAREHOLDERS' FUNDS 3,187 273
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For the year ending 28 February 2025 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 M Fitzgerald
Director
02/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mrf Training Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13926097 . The registered office is C/O Search Accountancy, The Junction Charles Street, Horbury, Wakefield, West Yorkshire, WF4 5FH .
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.
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 straight line over 3 years
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: 1)
- 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 29 February 2024 3,048
As at 28 February 2025 3,048
Depreciation
As at 29 February 2024 1,434
Provided during the period 1,016
As at 28 February 2025 2,450
Net Book Value
As at 28 February 2025 598
As at 29 February 2024 1,614
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,142 6,912
Amounts owed by group undertakings 1,584 1,500
Amounts owed by participating interests 3,710 -
Other debtors - 996
10,436 9,408
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,238 847
Other creditors 58 18,000
Taxation and social security 12,395 15,013
13,691 33,860
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7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 29 February 2024 307 307
Utilised (157 ) (157)
Balance at 28 February 2025 150 150
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
As at the balance sheet date 28 February 2024, a dividend was declared to the related party MARK R FITZGERALD LTD, for the amount of £17,812.73.
Also, the amounts due from the related party MARK R FITZGERALD LTD as at the balance sheet date was £1,584.00 (2024: £1,500).
Along with the amounts due form the related party EDUCATION TO ACTION LTD as at the balance sheet date was £3,709.79 (2024: £0.00).
10. Ultimate Controlling Party
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.
The company's ultimate controlling party is Mark R Fitzgerald Ltd (Company number 13920011) by virtue of his ownership of 100% of the issued share capital in the company.
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