Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10893499 Mr Sean Lambert Ms Georgia Tippetts Grace Whittingham Ms Daisy Lambert Ms Laura Board Grace Whittingham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10893499 2024-02-29 10893499 2025-02-28 10893499 2024-03-01 2025-02-28 10893499 frs-core:CurrentFinancialInstruments 2025-02-28 10893499 frs-core:Non-currentFinancialInstruments 2025-02-28 10893499 frs-core:BetweenOneFiveYears 2025-02-28 10893499 frs-core:ComputerEquipment 2025-02-28 10893499 frs-core:ComputerEquipment 2024-03-01 2025-02-28 10893499 frs-core:ComputerEquipment 2024-02-29 10893499 frs-core:MotorVehicles 2025-02-28 10893499 frs-core:MotorVehicles 2024-03-01 2025-02-28 10893499 frs-core:MotorVehicles 2024-02-29 10893499 frs-core:WithinOneYear 2025-02-28 10893499 frs-core:ShareCapital 2025-02-28 10893499 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10893499 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10893499 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10893499 frs-bus:SmallEntities 2024-03-01 2025-02-28 10893499 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10893499 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10893499 frs-bus:Director1 2024-03-01 2025-02-28 10893499 frs-bus:Director1 2024-02-29 10893499 frs-bus:Director1 2025-02-28 10893499 frs-bus:Director2 2024-03-01 2025-02-28 10893499 frs-bus:Director2 2024-02-29 10893499 frs-bus:Director2 2025-02-28 10893499 frs-bus:Director3 2024-03-01 2025-02-28 10893499 frs-bus:Director4 2024-03-01 2025-02-28 10893499 frs-bus:Director5 2024-03-01 2025-02-28 10893499 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 10893499 frs-countries:EnglandWales 2024-03-01 2025-02-28 10893499 2023-02-28 10893499 2024-02-29 10893499 2023-03-01 2024-02-29 10893499 frs-core:CurrentFinancialInstruments 2024-02-29 10893499 frs-core:Non-currentFinancialInstruments 2024-02-29 10893499 frs-core:BetweenOneFiveYears 2024-02-29 10893499 frs-core:WithinOneYear 2024-02-29 10893499 frs-core:ShareCapital 2024-02-29 10893499 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10893499
Minerva Supported Living Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
TaxAssist Accountants
Chartered Certified Accountants
175 Wokingham Road
Reading
Berkshire
RG6 1LT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10893499
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 144,553 57,985
144,553 57,985
CURRENT ASSETS
Debtors 5 73,523 495,945
Cash at bank and in hand 2,975 7,078
76,498 503,023
Creditors: Amounts Falling Due Within One Year 6 (87,697 ) (188,978 )
NET CURRENT ASSETS (LIABILITIES) (11,199 ) 314,045
TOTAL ASSETS LESS CURRENT LIABILITIES 133,354 372,030
Creditors: Amounts Falling Due After More Than One Year 7 (98,009 ) (323,951 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,235 ) (9,682 )
NET ASSETS 3,110 38,397
CAPITAL AND RESERVES
Called up share capital 10 1,200 1,200
Profit and Loss Account 1,910 37,197
SHAREHOLDERS' FUNDS 3,110 38,397
Page 1
Page 2
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 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 Profit and Loss Account.
On behalf of the board
Mr Sean Lambert
Director
10th September 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
Minerva Supported Living Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10893499 . The registered office is 31, Westleigh Road, Leicester, LE3 0HH.
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:
Motor Vehicles 20% Straight line
Computer Equipment 33% 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.
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: 15 (2024: 12)
15 12
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 92,256 5,655 97,911
Additions 109,749 5,417 115,166
As at 28 February 2025 202,005 11,072 213,077
Depreciation
As at 1 March 2024 35,760 4,166 39,926
Provided during the period 25,768 2,830 28,598
As at 28 February 2025 61,528 6,996 68,524
Net Book Value
As at 28 February 2025 140,477 4,076 144,553
As at 1 March 2024 56,496 1,489 57,985
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 49,765 30,354
Other debtors 23,758 465,591
73,523 495,945
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 46,259 41,475
Bank loans and overdrafts 10,289 10,035
Other loans - 7,649
Other creditors 1,682 62,466
Taxation and social security 29,467 67,353
87,697 188,978
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 89,236 22,383
Bank loans 8,773 19,062
Other loans - 282,506
98,009 323,951
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8. Secured Creditors
Of the creditors the following amounts are secured.At the start of the year Molo Funding No.2 Limited had a charge over the assets of the company in respect of a mortgage for £240,000. This charge was satisfied on 24 May 2024.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 135,494 63,858
Bank loans and overdrafts - 240,000
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 46,259 41,475
Later than one year and not later than five years 89,236 22,383
135,495 63,858
135,495 63,858
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,200 1,200
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Sean Lambert - 9,688 - - 9,688
Ms Georgia Tippetts - 2,988 - - 2,988
The above loans are unsecured, interest free and repayable on demand.
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