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 05302925 Mr Ulf Muller Mr Warren Paterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05302925 2023-12-31 05302925 2024-12-31 05302925 2024-01-01 2024-12-31 05302925 frs-core:CurrentFinancialInstruments 2024-12-31 05302925 frs-core:ComputerEquipment 2024-12-31 05302925 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05302925 frs-core:ComputerEquipment 2023-12-31 05302925 frs-core:FurnitureFittings 2024-12-31 05302925 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05302925 frs-core:FurnitureFittings 2023-12-31 05302925 frs-core:MotorVehicles 2024-01-01 2024-12-31 05302925 frs-core:ShareCapital 2024-12-31 05302925 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05302925 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05302925 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05302925 frs-bus:SmallEntities 2024-01-01 2024-12-31 05302925 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05302925 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05302925 frs-bus:Director1 2024-01-01 2024-12-31 05302925 frs-bus:Director2 2024-01-01 2024-12-31 05302925 frs-core:CurrentFinancialInstruments 1 2024-12-31 05302925 frs-core:CurrentFinancialInstruments 2 2024-12-31 05302925 frs-core:CurrentFinancialInstruments 5 2024-12-31 05302925 frs-countries:EnglandWales 2024-01-01 2024-12-31 05302925 2022-12-31 05302925 2023-12-31 05302925 2023-01-01 2023-12-31 05302925 frs-core:CurrentFinancialInstruments 2023-12-31 05302925 frs-core:ShareCapital 2023-12-31 05302925 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05302925 frs-core:CurrentFinancialInstruments 1 2023-12-31 05302925 frs-core:CurrentFinancialInstruments 2 2023-12-31 05302925 frs-core:CurrentFinancialInstruments 5 2023-12-31
Registered number: 05302925
Myfm Ltd
Financial Statements
For The Year Ended 31 December 2024
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05302925
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,392 2,100
1,392 2,100
CURRENT ASSETS
Debtors 5 525,330 753,879
Cash at bank and in hand 111,180 169,932
636,510 923,811
Creditors: Amounts Falling Due Within One Year 6 (520,213 ) (734,570 )
NET CURRENT ASSETS (LIABILITIES) 116,297 189,241
TOTAL ASSETS LESS CURRENT LIABILITIES 117,689 191,341
NET ASSETS 117,689 191,341
CAPITAL AND RESERVES
Called up share capital 7 8 8
Profit and Loss Account 117,681 191,333
SHAREHOLDERS' FUNDS 117,689 191,341
Page 1
Page 2
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 Ulf Muller
Director
24 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Myfm Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05302925 . The registered office is Office 015, 30 Great Guildford Street, Borough, London, SE1 0HS.
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
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 9)
15 9
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,334 6,090 8,424
Additions 256 - 256
As at 31 December 2024 2,590 6,090 8,680
Depreciation
As at 1 January 2024 2,334 3,990 6,324
Provided during the period 51 913 964
As at 31 December 2024 2,385 4,903 7,288
Net Book Value
As at 31 December 2024 205 1,187 1,392
As at 1 January 2024 - 2,100 2,100
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 460,895 676,556
Other debtors - Loans to Associates 11,791 14,390
Amounts owed by other participating interests 52,644 62,933
525,330 753,879
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 329,261 525,471
Other taxes and social security 15,361 14,220
VAT 126,010 114,655
Net wages 10,920 8,234
Associates reserves (Current liabilities - creditors < 1 year) 13,702 34,786
Other creditors - Pension 1,231 984
Accruals and deferred income - 5,401
Directors' loan accounts 23,728 30,819
520,213 734,570
Page 4
Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
Page 5