Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 01186797 Mr Marcus Pearcey Mrs Toni Pearcey Mr Michael Pearcey Mrs Toni Pearcey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01186797 2023-09-30 01186797 2024-09-30 01186797 2023-10-01 2024-09-30 01186797 frs-core:CurrentFinancialInstruments 2024-09-30 01186797 frs-core:Non-currentFinancialInstruments 2024-09-30 01186797 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 01186797 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 01186797 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 01186797 frs-core:MotorVehicles 2024-09-30 01186797 frs-core:MotorVehicles 2023-10-01 2024-09-30 01186797 frs-core:MotorVehicles 2023-09-30 01186797 frs-core:ShareCapital 2024-09-30 01186797 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01186797 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01186797 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 01186797 frs-bus:SmallEntities 2023-10-01 2024-09-30 01186797 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01186797 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01186797 frs-core:CostValuation 2023-09-30 01186797 frs-core:CostValuation 2024-09-30 01186797 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 01186797 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 01186797 frs-bus:Director1 2023-10-01 2024-09-30 01186797 frs-bus:Director2 2023-10-01 2024-09-30 01186797 frs-bus:Director3 2023-10-01 2024-09-30 01186797 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 01186797 frs-countries:EnglandWales 2023-10-01 2024-09-30 01186797 2022-09-30 01186797 2023-09-30 01186797 2022-10-01 2023-09-30 01186797 frs-core:CurrentFinancialInstruments 2023-09-30 01186797 frs-core:Non-currentFinancialInstruments 2023-09-30 01186797 frs-core:ShareCapital 2023-09-30 01186797 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 01186797
MPCS Group Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Aston Shaw Ltd (Norwich)
The Union Building
51-59 Rose Lane
Norwich
Norfolk
NR1 1BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01186797
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 38,391 57,392
Tangible Assets 5 353 471
Investments 6 100 100
38,844 57,963
CURRENT ASSETS
Stocks 7 52,476 78,651
Debtors 8 1,448,377 1,256,409
1,500,853 1,335,060
Creditors: Amounts Falling Due Within One Year 9 (814,399 ) (992,403 )
NET CURRENT ASSETS (LIABILITIES) 686,454 342,657
TOTAL ASSETS LESS CURRENT LIABILITIES 725,298 400,620
Creditors: Amounts Falling Due After More Than One Year 10 (473,654 ) (151,599 )
NET ASSETS 251,644 249,021
CAPITAL AND RESERVES
Called up share capital 11 105 105
Profit and Loss Account 251,539 248,916
SHAREHOLDERS' FUNDS 251,644 249,021
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For the year ending 30 September 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 Profit and Loss Account.
On behalf of the board
Mr Marcus Pearcey
Director
15/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MPCS Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01186797 . The registered office is Oaklands Hotel, 89 Yarmouth Road, Norwich, NR7 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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 10% on a straight line basis over their expected useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 - 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 38 (2023: 36)
38 36
4. Intangible Assets
Development Costs
£
Cost
As at 1 October 2023 190,008
As at 30 September 2024 190,008
Amortisation
As at 1 October 2023 132,616
Provided during the period 19,001
As at 30 September 2024 151,617
Net Book Value
As at 30 September 2024 38,391
As at 1 October 2023 57,392
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5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 October 2023 14,858
As at 30 September 2024 14,858
Depreciation
As at 1 October 2023 14,387
Provided during the period 118
As at 30 September 2024 14,505
Net Book Value
As at 30 September 2024 353
As at 1 October 2023 471
6. Investments
Subsidiaries
£
Cost
As at 1 October 2023 100
As at 30 September 2024 100
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 100
As at 1 October 2023 100
7. Stocks
2024 2023
£ £
Stock 52,476 78,651
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 667,426 593,026
Amounts owed by group undertakings 409,042 466,498
Other debtors 371,909 196,885
1,448,377 1,256,409
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 177,837 195,933
Bank loans and overdrafts 109,723 108,358
Other creditors 137,182 136,195
Taxation and social security 389,657 551,917
814,399 992,403
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 554 65,499
Other creditors 473,100 86,100
473,654 151,599
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 105 105
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