Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 6176504 Mr M A SELBY Mrs V M SELBY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6176504 2024-03-31 6176504 2025-03-31 6176504 2024-04-01 2025-03-31 6176504 frs-core:CurrentFinancialInstruments 2025-03-31 6176504 frs-core:ComputerEquipment 2025-03-31 6176504 frs-core:ComputerEquipment 2024-04-01 2025-03-31 6176504 frs-core:ComputerEquipment 2024-03-31 6176504 frs-core:FurnitureFittings 2025-03-31 6176504 frs-core:FurnitureFittings 2024-04-01 2025-03-31 6176504 frs-core:FurnitureFittings 2024-03-31 6176504 frs-core:MotorVehicles 2025-03-31 6176504 frs-core:MotorVehicles 2024-04-01 2025-03-31 6176504 frs-core:MotorVehicles 2024-03-31 6176504 frs-core:ShareCapital 2025-03-31 6176504 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 6176504 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 6176504 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 6176504 frs-bus:SmallEntities 2024-04-01 2025-03-31 6176504 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 6176504 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 6176504 frs-bus:Director1 2024-04-01 2025-03-31 6176504 frs-bus:Director1 2024-03-31 6176504 frs-bus:Director1 2025-03-31 6176504 frs-bus:Director2 2024-04-01 2025-03-31 6176504 frs-bus:Director2 2024-03-31 6176504 frs-bus:Director2 2025-03-31 6176504 frs-countries:EnglandWales 2024-04-01 2025-03-31 6176504 2023-03-31 6176504 2024-03-31 6176504 2023-04-01 2024-03-31 6176504 frs-core:CurrentFinancialInstruments 2024-03-31 6176504 frs-core:ShareCapital 2024-03-31 6176504 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 6176504
Mark Selby Snooker Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
JOHN BIRD
Chartered Accountants
26 Brookfield Street
Syston
LEICESTER
LE7 2AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 6176504
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,397 3,004
102,397 3,004
CURRENT ASSETS
Debtors 5 151,777 174,030
Cash at bank and in hand 2,948,598 2,759,915
3,100,375 2,933,945
Creditors: Amounts Falling Due Within One Year 6 (187,212 ) (220,279 )
NET CURRENT ASSETS (LIABILITIES) 2,913,163 2,713,666
TOTAL ASSETS LESS CURRENT LIABILITIES 3,015,560 2,716,670
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,599 ) (751 )
NET ASSETS 2,989,961 2,715,919
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 2,989,959 2,715,917
SHAREHOLDERS' FUNDS 2,989,961 2,715,919
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 M A SELBY
Director
31/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mark Selby Snooker Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6176504 . The registered office is 26 Brookfield Street, Syston, Leicester, LE7 2AD. The financial statements are presented in Sterling which is the functional currency of the company.
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:
Motor Vehicles 25% reducing balance
Fixtures & equipment 20% reducing balance
Computer Equipment 3 years straight line
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.
...CONTINUED
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2.4. Taxation - continued
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.
2.5. 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.
2.6. 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:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & equipment Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 - 14,754 1,208 15,962
Additions 111,620 - - 111,620
As at 31 March 2025 111,620 14,754 1,208 127,582
Depreciation
As at 1 April 2024 - 11,751 1,207 12,958
Provided during the period 11,627 600 - 12,227
As at 31 March 2025 11,627 12,351 1,207 25,185
Net Book Value
As at 31 March 2025 99,993 2,403 1 102,397
As at 1 April 2024 - 3,003 1 3,004
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,338 72,047
Prepayments and accrued income 1,983 186
Directors' joint loan account 85,000 70,000
Corporation tax recoverable assets 50,456 31,797
151,777 174,030
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,014 6,323
Corporation tax 124,126 158,836
Other taxes and social security 1,428 3,584
Accruals and deferred income 55,686 51,114
Directors' loan accounts 958 422
187,212 220,279
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors is the following joint loan to the directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Mark SELBY 35,000 7,500 - - 42,500
Mrs Vikki SELBY 35,000 7,500 - - 42,500
The above joint loan is unsecured and repayable on demand. Interest thereon is charged at a rate of 2.25% per annum. During the financial year interest amounting to £1,744 has been charged and paid.
Dividends paid to directors during the year in their capacity as shareholders were as follows:
2025 2024
£ £
Mr M A SELBY 85,000 85,000
Mrs V M SELBY 85,000 85,000
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