Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 06233254 Mrs Madeleine O'Donoghue Mrs Madeleine O'Donoghue iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06233254 2024-05-31 06233254 2025-05-31 06233254 2024-06-01 2025-05-31 06233254 frs-core:CurrentFinancialInstruments 2025-05-31 06233254 frs-core:Non-currentFinancialInstruments 2025-05-31 06233254 frs-core:ComputerEquipment 2025-05-31 06233254 frs-core:ComputerEquipment 2024-06-01 2025-05-31 06233254 frs-core:ComputerEquipment 2024-05-31 06233254 frs-core:FurnitureFittings 2025-05-31 06233254 frs-core:FurnitureFittings 2024-06-01 2025-05-31 06233254 frs-core:FurnitureFittings 2024-05-31 06233254 frs-core:NetGoodwill 2025-05-31 06233254 frs-core:NetGoodwill 2024-06-01 2025-05-31 06233254 frs-core:NetGoodwill 2024-05-31 06233254 frs-core:MotorVehicles 2025-05-31 06233254 frs-core:MotorVehicles 2024-06-01 2025-05-31 06233254 frs-core:MotorVehicles 2024-05-31 06233254 frs-core:ShareCapital 2025-05-31 06233254 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 06233254 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06233254 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 06233254 frs-bus:SmallEntities 2024-06-01 2025-05-31 06233254 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 06233254 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 06233254 frs-bus:Director1 2024-06-01 2025-05-31 06233254 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 06233254 frs-countries:EnglandWales 2024-06-01 2025-05-31 06233254 2023-05-31 06233254 2024-05-31 06233254 2023-06-01 2024-05-31 06233254 frs-core:CurrentFinancialInstruments 2024-05-31 06233254 frs-core:Non-currentFinancialInstruments 2024-05-31 06233254 frs-core:ShareCapital 2024-05-31 06233254 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 06233254
Mad Max Tours Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06233254
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,766 14,592
14,766 14,592
CURRENT ASSETS
Debtors 6 8,388 18,237
Cash at bank and in hand 82,133 41,768
90,521 60,005
Creditors: Amounts Falling Due Within One Year 7 (103,937 ) (66,262 )
NET CURRENT ASSETS (LIABILITIES) (13,416 ) (6,257 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,350 8,335
Creditors: Amounts Falling Due After More Than One Year 8 - (5,719 )
NET ASSETS 1,350 2,616
CAPITAL AND RESERVES
Called up share capital 9 8 8
Profit and Loss Account 1,342 2,608
SHAREHOLDERS' FUNDS 1,350 2,616
Page 1
Page 2
For the year ending 31 May 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 her 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
Mrs Madeleine O'Donoghue
Director
09/09/2025
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
Mad Max Tours Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06233254 . The registered office is 3 The Willow Falls, Bath Easton, Bath, Banes, BA1 7DG.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It was amortised to profit and loss account over its estimated economic life and it has now been fully written down.
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 20-25% on straight line
Fixtures & Fittings 20% on reducing balance
Computer Equipment 25% on straight line
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 60,000
As at 31 May 2025 60,000
Amortisation
As at 1 June 2024 60,000
As at 31 May 2025 60,000
Net Book Value
As at 31 May 2025 -
As at 1 June 2024 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 198,885 499 2,463 201,847
Additions 4,587 - - 4,587
As at 31 May 2025 203,472 499 2,463 206,434
Depreciation
As at 1 June 2024 184,293 499 2,463 187,255
Provided during the period 4,413 - - 4,413
As at 31 May 2025 188,706 499 2,463 191,668
Net Book Value
As at 31 May 2025 14,766 - - 14,766
As at 1 June 2024 14,592 - - 14,592
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 712
Prepayments and accrued income 5,757 5,212
Other debtors 2,293 5,504
Deferred tax current asset 338 485
Director's loan account - 6,324
8,388 18,237
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,290 11,778
Bank loans and overdrafts 5,695 5,695
Corporation tax 13,036 15,434
Other creditors 7,093 6,980
Accruals and deferred income 60,980 26,375
Director's loan account 2,843 -
103,937 66,262
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 5,719
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 8
Page 5