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 NI040501 Mr George King Mrs Rosemary King Miss Ashleigh King Mr George King iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI040501 2024-03-31 NI040501 2025-03-31 NI040501 2024-04-01 2025-03-31 NI040501 frs-core:CurrentFinancialInstruments 2025-03-31 NI040501 frs-core:Non-currentFinancialInstruments 2025-03-31 NI040501 frs-core:BetweenOneFiveYears 2025-03-31 NI040501 frs-core:FurnitureFittings 2025-03-31 NI040501 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI040501 frs-core:FurnitureFittings 2024-03-31 NI040501 frs-core:NetGoodwill 2025-03-31 NI040501 frs-core:NetGoodwill 2024-04-01 2025-03-31 NI040501 frs-core:NetGoodwill 2024-03-31 NI040501 frs-core:MotorVehicles 2025-03-31 NI040501 frs-core:MotorVehicles 2024-04-01 2025-03-31 NI040501 frs-core:MotorVehicles 2024-03-31 NI040501 frs-core:WithinOneYear 2025-03-31 NI040501 frs-core:ShareCapital 2025-03-31 NI040501 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI040501 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI040501 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI040501 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI040501 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI040501 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI040501 frs-bus:Director1 2024-04-01 2025-03-31 NI040501 frs-bus:Director2 2024-04-01 2025-03-31 NI040501 frs-bus:Director3 2024-04-01 2025-03-31 NI040501 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 NI040501 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI040501 2023-03-31 NI040501 2024-03-31 NI040501 2023-04-01 2024-03-31 NI040501 frs-core:CurrentFinancialInstruments 2024-03-31 NI040501 frs-core:Non-currentFinancialInstruments 2024-03-31 NI040501 frs-core:BetweenOneFiveYears 2024-03-31 NI040501 frs-core:WithinOneYear 2024-03-31 NI040501 frs-core:ShareCapital 2024-03-31 NI040501 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI040501
Merdyn Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI040501
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 101,329 124,737
101,329 124,737
CURRENT ASSETS
Cash at bank and in hand 50,465 67,965
50,465 67,965
Creditors: Amounts Falling Due Within One Year 6 (47,152 ) (50,812 )
NET CURRENT ASSETS (LIABILITIES) 3,313 17,153
TOTAL ASSETS LESS CURRENT LIABILITIES 104,642 141,890
Creditors: Amounts Falling Due After More Than One Year 7 (83,623 ) (102,900 )
NET ASSETS 21,019 38,990
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 20,919 38,890
SHAREHOLDERS' FUNDS 21,019 38,990
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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 George King
Director
19/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Merdyn Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI040501 . The registered office is 2 Plas Merdyn, Church Road, Holywood, Co. Down, BT18 9DF.
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. 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:
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 25% 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.
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2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 27 (2024: 30)
27 30
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 25,000
As at 31 March 2025 25,000
Amortisation
As at 1 April 2024 25,000
As at 31 March 2025 25,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 155,130 155,560 310,690
Additions - 2,759 2,759
As at 31 March 2025 155,130 158,319 313,449
...CONTINUED
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Depreciation
As at 1 April 2024 40,992 144,961 185,953
Provided during the period 22,828 3,339 26,167
As at 31 March 2025 63,820 148,300 212,120
Net Book Value
As at 31 March 2025 91,310 10,019 101,329
As at 1 April 2024 114,138 10,599 124,737
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 19,277 19,277
Trade creditors 2,387 1,465
Corporation tax 7,641 18,146
Other taxes and social security 11,548 6,958
Other creditors 2,500 2,200
Accruals and deferred income 2,544 1,715
Directors' loan accounts 1,255 1,051
47,152 50,812
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 83,623 102,900
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,277 19,277
Later than one year and not later than five years 83,623 102,900
102,900 122,177
102,900 122,177
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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