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Registered number: 06874269
The Mount Pleasant Club Limited
Financial Statements
For The Year Ended 31 March 2025
Davey Accounting Services
11 Abrahams Close
Trowbridge
Wiltshire
BA14 0ND
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06874269
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,242 4,197
4,242 4,197
CURRENT ASSETS
Stocks 5 2,564 4,691
Debtors 6 1 982
Cash at bank and in hand 44,410 28,282
46,975 33,955
Creditors: Amounts Falling Due Within One Year 7 (31,326 ) (22,369 )
NET CURRENT ASSETS (LIABILITIES) 15,649 11,586
TOTAL ASSETS LESS CURRENT LIABILITIES 19,891 15,783
PROVISIONS FOR LIABILITIES
Deferred Taxation (806 ) (198 )
NET ASSETS 19,085 15,585
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 19,084 15,584
SHAREHOLDERS' FUNDS 19,085 15,585
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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 Nigel Rapson
Director
14th November 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Mount Pleasant Club Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06874269 . The registered office is 1a Mount Pleasant, Bradford-On-Avon, Wiltshire, BA15 1SJ.
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 25% reducing balance
Fixtures & Fittings 20% 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.
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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 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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 6)
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 9,295 5,164 14,459
Additions 799 125 924
As at 31 March 2025 10,094 5,289 15,383
Depreciation
As at 1 April 2024 7,257 3,005 10,262
Provided during the period 426 453 879
As at 31 March 2025 7,683 3,458 11,141
Net Book Value
As at 31 March 2025 2,411 1,831 4,242
As at 1 April 2024 2,038 2,159 4,197
5. Stocks
2025 2024
£ £
Finished goods 2,564 4,691
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income - 981
Other debtors 1 1
1 982
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,412 3,281
Corporation tax 952 1,870
Other taxes and social security 2,350 2,524
Other creditors 18,112 14,194
Accruals and deferred income 500 500
31,326 22,369
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
Summary of transactions with parent
The Mount Pleasant Centre is regarded by the directors as being the company's ultimate parent company.
During the year, rent of £8,500 (2024: £8,500) has been paid to The Mount Pleasant Centre for the use of the Company's premises.
Amounts owed to related parties
The Mount Pleasant Centre £18,112 (2024: £14,194)
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