Acorah Software Products - Accounts Production 16.8.200 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 06578343 Dr M J Cheesman Dr J M Ramage iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06578343 2024-04-30 06578343 2025-04-30 06578343 2024-05-01 2025-04-30 06578343 frs-core:CurrentFinancialInstruments 2025-04-30 06578343 frs-core:ComputerEquipment 2025-04-30 06578343 frs-core:ComputerEquipment 2024-05-01 2025-04-30 06578343 frs-core:ComputerEquipment 2024-04-30 06578343 frs-core:FurnitureFittings 2025-04-30 06578343 frs-core:FurnitureFittings 2024-05-01 2025-04-30 06578343 frs-core:FurnitureFittings 2024-04-30 06578343 frs-core:NetGoodwill 2024-05-01 2025-04-30 06578343 frs-core:OtherResidualIntangibleAssets 2025-04-30 06578343 frs-core:OtherResidualIntangibleAssets 2024-04-30 06578343 frs-core:ShareCapital 2025-04-30 06578343 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 06578343 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 06578343 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 06578343 frs-bus:SmallEntities 2024-05-01 2025-04-30 06578343 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 06578343 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 06578343 frs-bus:Director1 2024-05-01 2025-04-30 06578343 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 06578343 frs-countries:EnglandWales 2024-05-01 2025-04-30 06578343 2023-04-30 06578343 2024-04-30 06578343 2023-05-01 2024-04-30 06578343 frs-core:CurrentFinancialInstruments 2024-04-30 06578343 frs-core:ShareCapital 2024-04-30 06578343 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 06578343
Magdala Psychology Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06578343
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,585 1,246
1,585 1,246
CURRENT ASSETS
Debtors 6 21,588 54,891
Cash at bank and in hand 46,208 77,448
67,796 132,339
Creditors: Amounts Falling Due Within One Year 7 (43,899 ) (48,060 )
NET CURRENT ASSETS (LIABILITIES) 23,897 84,279
TOTAL ASSETS LESS CURRENT LIABILITIES 25,482 85,525
NET ASSETS 25,482 85,525
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 25,478 85,521
SHAREHOLDERS' FUNDS 25,482 85,525
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Dr M J Cheesman
Director
08/01/2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Magdala Psychology Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06578343 . The registered office is 23B Magdala Road, Mapperley Park, Nottingham, NG3 5DE.
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.
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 ten 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:
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
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 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: 1 (2024: 1)
1 1
Page 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 50,000
As at 30 April 2025 50,000
Amortisation
As at 1 May 2024 50,000
As at 30 April 2025 50,000
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 1,144 1,954 3,098
Additions 150 821 971
As at 30 April 2025 1,294 2,775 4,069
Depreciation
As at 1 May 2024 955 897 1,852
Provided during the period 77 555 632
As at 30 April 2025 1,032 1,452 2,484
Net Book Value
As at 30 April 2025 262 1,323 1,585
As at 1 May 2024 189 1,057 1,246
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,101 54,716
Other debtors 487 175
21,588 54,891
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 569 353
Other creditors 16,368 2,722
Taxation and social security 26,962 44,985
43,899 48,060
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Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 4