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 07098311 A J Marshall G Marshall G Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07098311 2023-12-31 07098311 2024-12-31 07098311 2024-01-01 2024-12-31 07098311 frs-core:CurrentFinancialInstruments 2024-12-31 07098311 frs-core:Non-currentFinancialInstruments 2024-12-31 07098311 frs-core:ComputerEquipment 2024-12-31 07098311 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07098311 frs-core:ComputerEquipment 2023-12-31 07098311 frs-core:FurnitureFittings 2024-12-31 07098311 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07098311 frs-core:FurnitureFittings 2023-12-31 07098311 frs-core:MotorVehicles 2024-12-31 07098311 frs-core:MotorVehicles 2024-01-01 2024-12-31 07098311 frs-core:MotorVehicles 2023-12-31 07098311 frs-core:ShareCapital 2024-12-31 07098311 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07098311 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07098311 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07098311 frs-bus:SmallEntities 2024-01-01 2024-12-31 07098311 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07098311 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07098311 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07098311 frs-bus:OrdinaryShareClass1 2024-12-31 07098311 frs-bus:Director1 2024-01-01 2024-12-31 07098311 frs-bus:Director2 2024-01-01 2024-12-31 07098311 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 07098311 frs-core:CurrentFinancialInstruments 1 2024-12-31 07098311 frs-countries:EnglandWales 2024-01-01 2024-12-31 07098311 2022-12-31 07098311 2023-12-31 07098311 2023-01-01 2023-12-31 07098311 frs-core:CurrentFinancialInstruments 2023-12-31 07098311 frs-core:Non-currentFinancialInstruments 2023-12-31 07098311 frs-core:ShareCapital 2023-12-31 07098311 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07098311 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07098311 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 07098311
Marshall Info Tech Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07098311
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,078 21,284
13,078 21,284
CURRENT ASSETS
Debtors 5 148,326 186,387
Cash at bank and in hand 54,511 148,207
202,837 334,594
Creditors: Amounts Falling Due Within One Year 6 (180,074 ) (259,188 )
NET CURRENT ASSETS (LIABILITIES) 22,763 75,406
TOTAL ASSETS LESS CURRENT LIABILITIES 35,841 96,690
Creditors: Amounts Falling Due After More Than One Year 7 (4,416 ) (14,811 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (185 ) (1,551 )
NET ASSETS 31,240 80,328
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 31,140 80,228
SHAREHOLDERS' FUNDS 31,240 80,328
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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
G Marshall
Director
18/09/2025
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
Marshall Info Tech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07098311 . The registered office is 337 Canterbury Court Brixton Road, London, SW9 6DE.
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 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. 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.
2.5. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
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2.6. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.7. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 8)
12 8
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 15,800 3,298 44,334 63,432
Additions - - 6,418 6,418
As at 31 December 2024 15,800 3,298 50,752 69,850
Depreciation
As at 1 January 2024 11,850 2,349 27,949 42,148
Provided during the period 3,950 439 10,235 14,624
As at 31 December 2024 15,800 2,788 38,184 56,772
Net Book Value
As at 31 December 2024 - 510 12,568 13,078
As at 1 January 2024 3,950 949 16,385 21,284
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 117,518 143,422
Prepayments and accrued income 29,643 41,760
Other debtors 1,165 1,205
148,326 186,387
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 73,977 39,374
Bank loans and overdrafts 17,646 42,521
Corporation tax 3,310 34,105
Other taxes and social security 6,719 8,188
VAT 28,465 25,562
Other creditors 32 -
...CONTINUED
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Pension liability 1,268 872
Accruals and deferred income 4,300 28,748
Directors' loan accounts 44,357 79,818
180,074 259,188
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,416 14,811
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension contributions of £1,268 (2023: £872) were payable at the balance sheet date.
10. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11. Related Party Transactions
At the Balance Sheet date the company owed £44,357 (2023: £79,818) to the directors.
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