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 04371001 Miss Christina Barrett Mr Georges Barrett Miss Laura Barrett Mrs Heather Evans-Barrett Mrs Heather Evans-Barrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04371001 2024-03-31 04371001 2025-03-31 04371001 2024-04-01 2025-03-31 04371001 frs-core:CurrentFinancialInstruments 2025-03-31 04371001 frs-core:Non-currentFinancialInstruments 2025-03-31 04371001 frs-core:ComputerEquipment 2025-03-31 04371001 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04371001 frs-core:ComputerEquipment 2024-03-31 04371001 frs-core:FurnitureFittings 2025-03-31 04371001 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04371001 frs-core:FurnitureFittings 2024-03-31 04371001 frs-core:NetGoodwill 2025-03-31 04371001 frs-core:NetGoodwill 2024-04-01 2025-03-31 04371001 frs-core:NetGoodwill 2024-03-31 04371001 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 04371001 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04371001 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04371001 frs-core:MotorVehicles 2025-03-31 04371001 frs-core:MotorVehicles 2024-04-01 2025-03-31 04371001 frs-core:MotorVehicles 2024-03-31 04371001 frs-core:PlantMachinery 2025-03-31 04371001 frs-core:PlantMachinery 2024-04-01 2025-03-31 04371001 frs-core:PlantMachinery 2024-03-31 04371001 frs-core:ShareCapital 2025-03-31 04371001 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04371001 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04371001 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04371001 frs-bus:SmallEntities 2024-04-01 2025-03-31 04371001 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04371001 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04371001 frs-core:ListedExchangeTraded 2025-03-31 04371001 frs-core:ListedExchangeTraded 2024-03-31 04371001 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 04371001 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-03-31 04371001 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 04371001 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 04371001 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 04371001 frs-bus:Director1 2024-04-01 2025-03-31 04371001 frs-bus:Director2 2024-04-01 2025-03-31 04371001 frs-bus:Director3 2024-04-01 2025-03-31 04371001 frs-bus:Director4 2024-04-01 2025-03-31 04371001 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04371001 frs-countries:EnglandWales 2024-04-01 2025-03-31 04371001 2023-03-31 04371001 2024-03-31 04371001 2023-04-01 2024-03-31 04371001 frs-core:CurrentFinancialInstruments 2024-03-31 04371001 frs-core:Non-currentFinancialInstruments 2024-03-31 04371001 frs-core:ShareCapital 2024-03-31 04371001 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04371001
Malted Waffle Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unico 3 Limited
Genesis House
212 Ingram Road
Walsall
West Midlands
WS3 3AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04371001
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 429,793 347,362
Investments 6 - 100
429,793 347,462
CURRENT ASSETS
Stocks 7 80,858 93,731
Debtors 8 114,672 96,821
Cash at bank and in hand 117,163 19,302
312,693 209,854
Creditors: Amounts Falling Due Within One Year 9 (367,643 ) (289,600 )
NET CURRENT ASSETS (LIABILITIES) (54,950 ) (79,746 )
TOTAL ASSETS LESS CURRENT LIABILITIES 374,843 267,716
Creditors: Amounts Falling Due After More Than One Year 10 (208,074 ) (223,775 )
NET ASSETS 166,769 43,941
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 166,669 43,841
SHAREHOLDERS' FUNDS 166,769 43,941
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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
Miss Laura Barrett
Director
12/08/2025
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
Malted Waffle Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04371001 . The registered office is Unit 11 Ariane, Tamworth, B79 7XF.
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.
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. 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.
2.4. 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:
Freehold Revaluation method
Plant & Machinery 25% on reducing balance and 10% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 10)
14 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 40,000
As at 31 March 2025 40,000
Amortisation
As at 1 April 2024 40,000
As at 31 March 2025 40,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 240,598 213,752 49,362 34,862
Additions - - 110,794 -
As at 31 March 2025 240,598 213,752 160,156 34,862
Depreciation
As at 1 April 2024 - 161,557 18,511 14,565
Provided during the period - 13,049 12,951 2,029
As at 31 March 2025 - 174,606 31,462 16,594
Net Book Value
As at 31 March 2025 240,598 39,146 128,694 18,268
As at 1 April 2024 240,598 52,195 30,851 20,297
Computer Equipment Total
£ £
Cost
As at 1 April 2024 17,202 555,776
Additions 595 111,389
As at 31 March 2025 17,797 667,165
Depreciation
As at 1 April 2024 13,781 208,414
Provided during the period 929 28,958
As at 31 March 2025 14,710 237,372
Net Book Value
As at 31 March 2025 3,087 429,793
As at 1 April 2024 3,421 347,362
6. Investments
Listed
£
Cost
As at 1 April 2024 100
Disposals (100 )
As at 31 March 2025 -
Provision
As at 1 April 2024 -
As at 31 March 2025 -
...CONTINUED
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Net Book Value
As at 31 March 2025 -
As at 1 April 2024 100
7. Stocks
2025 2024
£ £
Materials 26,441 -
Finished goods 12,350 93,731
Work in progress 42,067 -
80,858 93,731
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 78,611 64,685
Other debtors 36,061 32,136
114,672 96,821
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 42,471 -
Trade creditors 177,235 239,678
Other creditors 132,480 42,708
Taxation and social security 15,457 7,214
367,643 289,600
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 111,499 48,680
Bank loans 96,575 150,856
Other loans - 24,239
208,074 223,775
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Pension Commitments
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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