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Registered number: 06223642
Mct (London) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Sue Chambers Accounting
8 Othello Drive
Waterlooville
Hants
PO7 8LA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06223642
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,587 1,124
1,587 1,124
CURRENT ASSETS
Debtors 5 20,213 15,710
Cash at bank and in hand 77,909 119,710
98,122 135,420
Creditors: Amounts Falling Due Within One Year 6 (15,880 ) (17,080 )
NET CURRENT ASSETS (LIABILITIES) 82,242 118,340
TOTAL ASSETS LESS CURRENT LIABILITIES 83,829 119,464
NET ASSETS 83,829 119,464
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 83,729 119,364
SHAREHOLDERS' FUNDS 83,829 119,464
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 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 Richard Sealy
Director
21st May 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
Mct (London) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06223642 . The registered office is 26 Avenue Gardens, Teddington, TW11 0BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 - 2,971 2,971
Additions 242 750 992
As at 31 March 2025 242 3,721 3,963
Depreciation
As at 1 April 2024 - 1,847 1,847
Provided during the period 60 469 529
As at 31 March 2025 60 2,316 2,376
Net Book Value
As at 31 March 2025 182 1,405 1,587
As at 1 April 2024 - 1,124 1,124
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 19,997 15,710
Other taxes and social security 216 -
20,213 15,710
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2
Corporation tax 4,463 5,366
Other taxes and social security - 1,550
VAT 9,137 9,468
Accruals and deferred income 334 441
Director's loan account 1,946 253
15,880 17,080
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3