Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13258911 Mr David Griffiths Mr Simon Groom iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13258911 2024-03-31 13258911 2025-03-31 13258911 2024-04-01 2025-03-31 13258911 frs-core:CurrentFinancialInstruments 2025-03-31 13258911 frs-core:ComputerEquipment 2025-03-31 13258911 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13258911 frs-core:ComputerEquipment 2024-03-31 13258911 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 13258911 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 13258911 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 13258911 frs-core:SharePremium 2025-03-31 13258911 frs-core:ShareCapital 2025-03-31 13258911 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13258911 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13258911 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13258911 frs-bus:SmallEntities 2024-04-01 2025-03-31 13258911 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13258911 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13258911 frs-bus:Director1 2024-04-01 2025-03-31 13258911 frs-bus:Director2 2024-04-01 2025-03-31 13258911 frs-countries:EnglandWales 2024-04-01 2025-03-31 13258911 2023-03-31 13258911 2024-03-31 13258911 2023-04-01 2024-03-31 13258911 frs-core:CurrentFinancialInstruments 2024-03-31 13258911 frs-core:SharePremium 2024-03-31 13258911 frs-core:ShareCapital 2024-03-31 13258911 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13258911
MagnifyB Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13258911
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 41,200 59,800
Tangible Assets 5 1,449 1,293
42,649 61,093
CURRENT ASSETS
Debtors 6 1,420 21,599
Cash at bank and in hand 3,451 2,996
4,871 24,595
Creditors: Amounts Falling Due Within One Year 7 (85,337 ) (48,223 )
NET CURRENT ASSETS (LIABILITIES) (80,466 ) (23,628 )
TOTAL ASSETS LESS CURRENT LIABILITIES (37,817 ) 37,465
NET (LIABILITIES)/ASSETS (37,817 ) 37,465
CAPITAL AND RESERVES
Called up share capital 8 13 12
Share premium account 256,703 155,459
Profit and Loss Account (294,533 ) (118,006 )
SHAREHOLDERS' FUNDS (37,817) 37,465
Page 1
Page 2
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 David Griffiths
Director
11/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MagnifyB Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13258911 . The registered office is The Innovation Centre, Keckwick Lane, Darebury, Warrington, WA4 4FS.
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. Research and Development
Expenditure on research and development is written off on a 20% Straight Line basis in the year following the expenditure being incurred.
2.4. 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:
Computer Equipment 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2024 93,000
As at 31 March 2025 93,000
Amortisation
As at 1 April 2024 33,200
Provided during the period 18,600
As at 31 March 2025 51,800
Net Book Value
As at 31 March 2025 41,200
As at 1 April 2024 59,800
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 2,016
Additions 1,249
As at 31 March 2025 3,265
Depreciation
As at 1 April 2024 723
Provided during the period 1,093
As at 31 March 2025 1,816
Net Book Value
As at 31 March 2025 1,449
As at 1 April 2024 1,293
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 20,001
Prepayments and accrued income 199 192
Other debtors 10 10
VAT 1,211 1,396
1,420 21,599
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 46,988 17,362
Other loans 4,823 14,010
Corporation tax 23 -
Other taxes and social security 17,153 4,349
Net wages 6,218 11
Accruals and deferred income 6,547 6,547
Directors' loan accounts 3,585 5,944
85,337 48,223
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 13 12
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