Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09512507 Mr Laurens Van Nues iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09512507 2024-03-31 09512507 2025-03-31 09512507 2024-04-01 2025-03-31 09512507 frs-core:CurrentFinancialInstruments 2025-03-31 09512507 frs-core:Non-currentFinancialInstruments 2025-03-31 09512507 frs-core:PlantMachinery 2025-03-31 09512507 frs-core:PlantMachinery 2024-04-01 2025-03-31 09512507 frs-core:PlantMachinery 2024-03-31 09512507 frs-core:ShareCapital 2025-03-31 09512507 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09512507 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09512507 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09512507 frs-bus:SmallEntities 2024-04-01 2025-03-31 09512507 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09512507 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09512507 frs-bus:Director1 2024-04-01 2025-03-31 09512507 frs-countries:EnglandWales 2024-04-01 2025-03-31 09512507 2023-03-31 09512507 2024-03-31 09512507 2023-04-01 2024-03-31 09512507 frs-core:CurrentFinancialInstruments 2024-03-31 09512507 frs-core:Non-currentFinancialInstruments 2024-03-31 09512507 frs-core:ShareCapital 2024-03-31 09512507 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09512507
Magnet.me Ltd
Financial Statements
For The Year Ended 31 March 2025
OD Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09512507
2025 2024
Notes £ £ £ £
FIXED ASSETS
Creditors: Amounts Falling Due Within One Year 5 (371 ) -
NET CURRENT ASSETS (LIABILITIES) (371 ) -
TOTAL ASSETS LESS CURRENT LIABILITIES (371 ) -
Creditors: Amounts Falling Due After More Than One Year 6 (568,329 ) (578,475 )
NET LIABILITIES (568,700 ) (578,475 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (568,701 ) (578,476 )
SHAREHOLDERS' FUNDS (568,700) (578,475)
For the year ending 31 March 2025 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 Laurens Van Nues
Director
30 June 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
Magnet.me Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09512507 . The registered office is C/O Od Accountants Ltd St Lawrence Lodge, 37 Chamberlain Street, Wells, BA5 2PQ.
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. 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:
Plant & Machinery 20%
2.3. 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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 537
As at 31 March 2025 537
Depreciation
As at 1 April 2024 537
As at 31 March 2025 537
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 371 -
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to group undertakings 568,329 578,475
Page 2
Page 3
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3