Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 9633411 Mr Keith Julian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9633411 2023-12-31 9633411 2024-12-31 9633411 2024-01-01 2024-12-31 9633411 frs-core:CurrentFinancialInstruments 2024-12-31 9633411 frs-core:Non-currentFinancialInstruments 2024-12-31 9633411 frs-core:ComputerEquipment 2024-12-31 9633411 frs-core:ComputerEquipment 2024-01-01 2024-12-31 9633411 frs-core:ComputerEquipment 2023-12-31 9633411 frs-core:ShareCapital 2024-12-31 9633411 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 9633411 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 9633411 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 9633411 frs-bus:SmallEntities 2024-01-01 2024-12-31 9633411 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 9633411 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 9633411 frs-bus:Director1 2024-01-01 2024-12-31 9633411 frs-countries:EnglandWales 2024-01-01 2024-12-31 9633411 2022-12-31 9633411 2023-12-31 9633411 2023-01-01 2023-12-31 9633411 frs-core:CurrentFinancialInstruments 2023-12-31 9633411 frs-core:Non-currentFinancialInstruments 2023-12-31 9633411 frs-core:ShareCapital 2023-12-31 9633411 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 9633411 frs-core:Non-currentFinancialInstruments 1 2023-12-31
Registered number: 9633411
MGA ENCOMPASS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Kirkleas
Old Road
Buckland
Surrey
RH3 7DZ
MGA ENCOMPASS LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
MGA ENCOMPASS LIMITED
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 9633411

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 764 |  | -
|  |  | 764 |  | -
CURRENT ASSETS
Debtors | 5 | 1,333,548 |  | 1,390,535 |
Cash at bank and in hand |  | 574,997 |  | 282,254 |
|  | 1,908,545 |  | 1,672,789 |
Creditors: Amounts Falling Due Within One Year | 6 | (1,519,062 ) |  | (1,449,876 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 389,483 |  | 222,913
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 390,247 |  | 222,913
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (26,694 ) |  | (32,320 )
NET ASSETS |  |  | 363,553 |  | 190,593
CAPITAL AND RESERVES
Called up share capital | 8 |  | 10,000 |  | 10,000
Profit and Loss Account |  |  | 353,553 |  | 180,593
SHAREHOLDERS' FUNDS |  |  | 363,553 |  | 190,593

Page 1
Page 2
MGA ENCOMPASS LIMITED
Balance Sheet (continued)
As At 31 December 2024
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 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 Keith Julian Director
16/04/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
MGA ENCOMPASS LIMITED
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
MGA ENCOMPASS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 9633411 . The registered office is Room 875, Gallery B, Lloyds 1986 Building, One Lime Street,, One Lime Street, London, EC3M 7HA.
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 brokerage and fees received from the placement of insurance risks
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 | 25% per annum on a straight line basis

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 January 2024 | -
Additions | 1,019
As at 31 December 2024 | 1,019
Depreciation
As at 1 January 2024 | -
Provided during the period | 255
As at 31 December 2024 | 255
Net Book Value
As at 31 December 2024 | 764
As at 1 January 2024 | -

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,333,529 |  | 1,388,913
Net wages | 19 |  | -
| 1,333,548 |  | 1,388,913
Due after more than one year
Other debtors (1) | - |  | 1,622
| 1,333,548 |  | 1,390,535

Page 3
Page 4
MGA ENCOMPASS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,449,379 |  | 1,398,010
Corporation tax | 57,141 |  | 33,500
Other taxes and social security | 6,542 |  | 11,116
Other creditors | - |  | 1,250
Accruals and deferred income | 6,000 |  | 6,000
| 1,519,062 |  | 1,449,876

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 10,694 |  | 16,320
Directors loan account | 16,000 |  | 16,000
| 26,694 |  | 32,320

8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,000 |  | 10,000

9. Dividends

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | - |  | 9,900

Page 4