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 02771164 P Pirazzini L Pirazzini S Phoenix M Pirazzini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02771164 2023-12-31 02771164 2024-12-31 02771164 2024-01-01 2024-12-31 02771164 frs-core:CurrentFinancialInstruments 2024-12-31 02771164 frs-core:Non-currentFinancialInstruments 2024-12-31 02771164 frs-core:ComputerEquipment 2024-12-31 02771164 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02771164 frs-core:ComputerEquipment 2023-12-31 02771164 frs-core:MotorVehicles 2024-12-31 02771164 frs-core:MotorVehicles 2024-01-01 2024-12-31 02771164 frs-core:MotorVehicles 2023-12-31 02771164 frs-core:PlantMachinery 2024-12-31 02771164 frs-core:PlantMachinery 2024-01-01 2024-12-31 02771164 frs-core:PlantMachinery 2023-12-31 02771164 frs-core:ShareCapital 2024-12-31 02771164 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02771164 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02771164 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02771164 frs-bus:SmallEntities 2024-01-01 2024-12-31 02771164 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02771164 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02771164 frs-bus:Director1 2024-01-01 2024-12-31 02771164 frs-bus:Director2 2024-01-01 2024-12-31 02771164 frs-bus:Director3 2024-01-01 2024-12-31 02771164 frs-bus:Director4 2024-01-01 2024-12-31 02771164 frs-countries:EnglandWales 2024-01-01 2024-12-31 02771164 2022-12-31 02771164 2023-12-31 02771164 2023-01-01 2023-12-31 02771164 frs-core:CurrentFinancialInstruments 2023-12-31 02771164 frs-core:Non-currentFinancialInstruments 2023-12-31 02771164 frs-core:ShareCapital 2023-12-31 02771164 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02771164
Maver (UK) 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: 02771164
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,730 68,534
62,730 68,534
CURRENT ASSETS
Stocks 5 634,628 724,645
Debtors 6 725,225 718,354
Cash at bank and in hand 213,039 239,545
1,572,892 1,682,544
Creditors: Amounts Falling Due Within One Year 7 (686,513 ) (564,870 )
NET CURRENT ASSETS (LIABILITIES) 886,379 1,117,674
TOTAL ASSETS LESS CURRENT LIABILITIES 949,109 1,186,208
Creditors: Amounts Falling Due After More Than One Year 8 (112,928 ) (122,679 )
NET ASSETS 836,181 1,063,529
CAPITAL AND RESERVES
Called up share capital 9 128,000 128,000
Profit and Loss Account 708,181 935,529
SHAREHOLDERS' FUNDS 836,181 1,063,529
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
S Phoenix
Director
29/09/2025
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
Maver (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02771164 . The registered office is Unit 59 The Washford Industrial Estate, Heming Road, Redditch, B98 0EA.
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:
Plant & Machinery 10% reducing balance
Motor Vehicles 25% straight line
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 187,623 31,753 - 219,376
Additions - - 1,399 1,399
As at 31 December 2024 187,623 31,753 1,399 220,775
Depreciation
As at 1 January 2024 119,089 31,753 - 150,842
Provided during the period 6,853 - 350 7,203
As at 31 December 2024 125,942 31,753 350 158,045
Net Book Value
As at 31 December 2024 61,681 - 1,049 62,730
As at 1 January 2024 68,534 - - 68,534
5. Stocks
2024 2023
£ £
Finished goods 634,628 724,645
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 332,933 397,882
Other debtors 370,841 299,021
703,774 696,903
Due after more than one year
Other debtors 21,451 21,451
725,225 718,354
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 560,901 375,830
Bank loans and overdrafts 10,000 10,000
Other creditors 110,730 172,418
Taxation and social security 4,882 6,622
686,513 564,870
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,082 15,833
Other creditors 106,846 106,846
112,928 122,679
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 128,000 128,000
Page 5