Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09873582 Mr Matthew Dart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09873582 2023-12-31 09873582 2024-12-31 09873582 2024-01-01 2024-12-31 09873582 frs-core:CurrentFinancialInstruments 2024-12-31 09873582 frs-core:Non-currentFinancialInstruments 2024-12-31 09873582 frs-core:ComputerEquipment 2024-12-31 09873582 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09873582 frs-core:ComputerEquipment 2023-12-31 09873582 frs-core:FurnitureFittings 2024-12-31 09873582 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09873582 frs-core:FurnitureFittings 2023-12-31 09873582 frs-core:NetGoodwill 2024-12-31 09873582 frs-core:NetGoodwill 2024-01-01 2024-12-31 09873582 frs-core:NetGoodwill 2023-12-31 09873582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09873582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09873582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09873582 frs-core:MotorVehicles 2024-12-31 09873582 frs-core:MotorVehicles 2024-01-01 2024-12-31 09873582 frs-core:MotorVehicles 2023-12-31 09873582 frs-core:PlantMachinery 2024-12-31 09873582 frs-core:PlantMachinery 2024-01-01 2024-12-31 09873582 frs-core:PlantMachinery 2023-12-31 09873582 frs-core:ShareCapital 2024-12-31 09873582 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09873582 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09873582 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09873582 frs-bus:SmallEntities 2024-01-01 2024-12-31 09873582 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09873582 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09873582 frs-core:CostValuation 2023-12-31 09873582 frs-core:AdditionsToInvestments 2024-12-31 09873582 frs-core:DisposalsRepaymentsInvestments 2024-12-31 09873582 frs-core:CostValuation 2024-12-31 09873582 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09873582 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-12-31 09873582 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-12-31 09873582 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09873582 frs-core:ListedExchangeTraded 2024-12-31 09873582 frs-core:ListedExchangeTraded 2023-12-31 09873582 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 09873582 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-12-31 09873582 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-12-31 09873582 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 09873582 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 09873582 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 09873582 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 09873582 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 09873582 frs-core:UnlistedNon-exchangeTraded 2024-12-31 09873582 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09873582 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09873582 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09873582 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09873582 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 09873582 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09873582 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09873582 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09873582 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09873582 frs-bus:Director1 2024-01-01 2024-12-31 09873582 frs-countries:EnglandWales 2024-01-01 2024-12-31 09873582 2022-12-31 09873582 2023-12-31 09873582 2023-01-01 2023-12-31 09873582 frs-core:CurrentFinancialInstruments 2023-12-31 09873582 frs-core:Non-currentFinancialInstruments 2023-12-31 09873582 frs-core:ShareCapital 2023-12-31 09873582 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09873582
MJD Poultry Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09873582
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 97,856 97,388
Investments 6 47,087 40,577
144,943 137,965
CURRENT ASSETS
Stocks 7 3,588 5,614
Debtors 8 10,922 16,917
Cash at bank and in hand 27,602 18,806
42,112 41,337
Creditors: Amounts Falling Due Within One Year 9 (130,848 ) (91,647 )
NET CURRENT ASSETS (LIABILITIES) (88,736 ) (50,310 )
TOTAL ASSETS LESS CURRENT LIABILITIES 56,207 87,655
Creditors: Amounts Falling Due After More Than One Year 10 (49,488 ) (59,853 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,910 ) (13,105 )
NET (LIABILITIES)/ASSETS (4,191 ) 14,697
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account (4,201 ) 14,687
SHAREHOLDERS' FUNDS (4,191) 14,697
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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 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 Matthew Dart
Director
30 September 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MJD Poultry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09873582 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. 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:
Leasehold 5% Straight line
Plant & Machinery 15% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33% Straight Line
2.6. 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.
2.7. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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2.8. 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 year 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 asset reflects 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 11,100
As at 31 December 2024 11,100
Amortisation
As at 1 January 2024 11,100
As at 31 December 2024 11,100
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 37,793 132,707 27,587 2,036
Additions - 14,079 - -
As at 31 December 2024 37,793 146,786 27,587 2,036
Depreciation
As at 1 January 2024 8,350 75,040 19,096 1,359
Provided during the period 1,890 10,786 1,273 102
As at 31 December 2024 10,240 85,826 20,369 1,461
Net Book Value
As at 31 December 2024 27,553 60,960 7,218 575
As at 1 January 2024 29,443 57,667 8,491 677
Computer Equipment Total
£ £
Cost
As at 1 January 2024 1,657 201,780
Additions 1,473 15,552
As at 31 December 2024 3,130 217,332
Depreciation
As at 1 January 2024 547 104,392
Provided during the period 1,033 15,084
As at 31 December 2024 1,580 119,476
Net Book Value
As at 31 December 2024 1,550 97,856
As at 1 January 2024 1,110 97,388
6. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 January 2024 10,617 55,035 65,652
Additions 139 46,700 46,839
Disposals (499 ) (55,035 ) (55,534 )
As at 31 December 2024 10,257 46,700 56,957
...CONTINUED
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Provision
As at 1 January 2024 5,629 19,446 25,075
Added in period - 5,215 5,215
Disposals (974 ) (19,446 ) (20,420 )
As at 31 December 2024 4,655 5,215 9,870
Net Book Value
As at 31 December 2024 5,602 41,485 47,087
As at 1 January 2024 4,988 35,589 40,577
7. Stocks
2024 2023
£ £
Stock 3,588 5,614
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,423 13,657
Prepayments and accrued income 1,321 1,173
Corporation tax recoverable assets 1,634 -
VAT 2,600 2,028
Other taxes and social security 944 59
10,922 16,917
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,208 12,039
Bank loans and overdrafts 10,114 10,114
Corporation tax - 1,634
Net wages 1,058 1,105
Other creditors 3,644 1,788
Accruals and deferred income 2,910 2,260
Director's loan account 63,914 62,707
130,848 91,647
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 49,488 59,853
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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12. Related Party Transactions
At the year end, 31 December 2024, the company owed the directors £63,914 (2023: £62,707) in respect of loans held with the company. These amounts are interest free and repayable on demand.
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