Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12726941 Mr Robert Smith Mr Lee Tan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12726941 2023-12-31 12726941 2024-12-31 12726941 2024-01-01 2024-12-31 12726941 frs-core:CurrentFinancialInstruments 2024-12-31 12726941 frs-core:ComputerEquipment 2024-12-31 12726941 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12726941 frs-core:ComputerEquipment 2023-12-31 12726941 frs-core:FurnitureFittings 2024-12-31 12726941 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12726941 frs-core:FurnitureFittings 2023-12-31 12726941 frs-core:ShareCapital 2024-12-31 12726941 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12726941 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12726941 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12726941 frs-bus:SmallEntities 2024-01-01 2024-12-31 12726941 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12726941 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12726941 frs-bus:Director1 2024-01-01 2024-12-31 12726941 frs-bus:Director2 2024-01-01 2024-12-31 12726941 frs-core:CurrentFinancialInstruments 5 2024-12-31 12726941 frs-core:CurrentFinancialInstruments 9 2024-12-31 12726941 frs-countries:EnglandWales 2024-01-01 2024-12-31 12726941 2022-12-31 12726941 2023-12-31 12726941 2023-01-01 2023-12-31 12726941 frs-core:CurrentFinancialInstruments 2023-12-31 12726941 frs-core:ShareCapital 2023-12-31 12726941 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12726941 frs-core:CurrentFinancialInstruments 1 2023-12-31 12726941 frs-core:CurrentFinancialInstruments 5 2023-12-31 12726941 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: 12726941
Motel Trading Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12726941
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,291 6,641
8,291 6,641
CURRENT ASSETS
Debtors 5 287,705 129,384
Cash at bank and in hand 649,372 199,239
937,077 328,623
Creditors: Amounts Falling Due Within One Year 6 (862,226 ) (235,032 )
NET CURRENT ASSETS (LIABILITIES) 74,851 93,591
TOTAL ASSETS LESS CURRENT LIABILITIES 83,142 100,232
NET ASSETS 83,142 100,232
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 82,942 100,032
SHAREHOLDERS' FUNDS 83,142 100,232
For the year ending 31 December 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 Robert Smith
Director
12/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Motel Trading Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12726941 . The registered office is Epic House, 128 Fulwell Road, Teddington, Middlesex, TW11 0RQ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Corporation 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 12 (2023: 10)
12 10
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Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 857 10,169 11,026
Additions - 4,998 4,998
As at 31 December 2024 857 15,167 16,024
Depreciation
As at 1 January 2024 793 3,592 4,385
Provided during the period 64 3,284 3,348
As at 31 December 2024 857 6,876 7,733
Net Book Value
As at 31 December 2024 - 8,291 8,291
As at 1 January 2024 64 6,577 6,641
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 250,672 113,477
Prepayments and accrued income 15,413 11,087
Other debtors 21,620 4,820
287,705 129,384
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 67,019 40,252
Corporation tax 34,462 23,696
PAYE / NI Control 31,234 15,633
VAT 135,746 15,171
Pension control - 1,406
Deferred revenue 370,500 44,470
Credit card control 3,531 134
Accruals 219,734 94,270
862,226 235,032
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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