Acorah Software Products - Accounts Production 18.1.200 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 05175665 Mr M Di-Vincenzo Ms A Di-Vincenzo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05175665 2024-04-30 05175665 2025-04-30 05175665 2024-05-01 2025-04-30 05175665 frs-core:CurrentFinancialInstruments 2025-04-30 05175665 frs-core:Non-currentFinancialInstruments 2025-04-30 05175665 frs-core:BetweenOneFiveYears 2025-04-30 05175665 frs-core:FurnitureFittings 2025-04-30 05175665 frs-core:FurnitureFittings 2024-05-01 2025-04-30 05175665 frs-core:FurnitureFittings 2024-04-30 05175665 frs-core:NetGoodwill 2025-04-30 05175665 frs-core:NetGoodwill 2024-05-01 2025-04-30 05175665 frs-core:NetGoodwill 2024-04-30 05175665 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-30 05175665 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 05175665 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 05175665 frs-core:MotorVehicles 2025-04-30 05175665 frs-core:MotorVehicles 2024-05-01 2025-04-30 05175665 frs-core:MotorVehicles 2024-04-30 05175665 frs-core:PlantMachinery 2025-04-30 05175665 frs-core:PlantMachinery 2024-05-01 2025-04-30 05175665 frs-core:PlantMachinery 2024-04-30 05175665 frs-core:WithinOneYear 2025-04-30 05175665 frs-core:SharePremium 2025-04-30 05175665 frs-core:ShareCapital 2025-04-30 05175665 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 05175665 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05175665 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 05175665 frs-bus:SmallEntities 2024-05-01 2025-04-30 05175665 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 05175665 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05175665 frs-core:CostValuation 2024-04-30 05175665 frs-core:CostValuation 2025-04-30 05175665 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 05175665 frs-core:ProvisionsForImpairmentInvestments 2025-04-30 05175665 frs-bus:Director1 2024-05-01 2025-04-30 05175665 frs-bus:Director2 2024-05-01 2025-04-30 05175665 frs-countries:EnglandWales 2024-05-01 2025-04-30 05175665 2023-04-30 05175665 2024-04-30 05175665 2023-05-01 2024-04-30 05175665 frs-core:CurrentFinancialInstruments 2024-04-30 05175665 frs-core:Non-currentFinancialInstruments 2024-04-30 05175665 frs-core:BetweenOneFiveYears 2024-04-30 05175665 frs-core:WithinOneYear 2024-04-30 05175665 frs-core:SharePremium 2024-04-30 05175665 frs-core:ShareCapital 2024-04-30 05175665 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 05175665
MIG Security And Events Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 05175665
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 95,863 29,867
Investments 6 180 180
96,043 30,047
CURRENT ASSETS
Stocks 7 31,456 22,073
Debtors 8 590,053 704,640
Cash at bank and in hand 146,121 134
767,630 726,847
Creditors: Amounts Falling Due Within One Year 9 (779,139 ) (539,406 )
NET CURRENT ASSETS (LIABILITIES) (11,509 ) 187,441
TOTAL ASSETS LESS CURRENT LIABILITIES 84,534 217,488
Creditors: Amounts Falling Due After More Than One Year 10 (32,446 ) (12,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (7,467 )
NET ASSETS 52,088 197,521
CAPITAL AND RESERVES
Called up share capital 12 100 100
Share premium account 1,165 1,165
Profit and Loss Account 50,823 196,256
SHAREHOLDERS' FUNDS 52,088 197,521
Page 1
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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 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
Ms A Di-Vincenzo
Director
27 April 2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MIG Security And Events Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05175665 . The registered office is Marsh Gate House Alphin Brook Road, Marsh Barton, Exeter, England, EX2 8TH.
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.
Preparation of consolidated financial statements
The financial statements contain information about MIG Security and Events Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
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 amortised evenly over its estimated useful life of four 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:
Leasehold 10% Straight line
Plant & Machinery 25% Straight line
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 25% Straight line
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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.
2.7. Financial Instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently cattied at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised. 
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2.8. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange provailing at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange prevailing at the date of transaction, Exchange differences are taken into account in arriving at the operating result. 
2.9. 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.
2.10. 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.
2.11. Secured debts
The bank overdrafts referred to in note 9 are secured by a charge on the freehold property owned by the majority shareholder Marcus Di-Vincenzo.
2.12. Going cencern
The financial statements have been prepared on a going concern basis, which is dependent on the ability of MIG Technologies Limited (an associated company) to repay its debt of £201,529. The director belives it is reasonable to take an optimistic view of these conditions, and has no intention to cease trading. Consequently, the going concern basis is reasonable.
2.13. Investments in subsidiaries
Investments in subsidiaries udertaking are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 22)
28 22
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4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 177,779
As at 30 April 2025 177,779
Amortisation
As at 1 May 2024 177,779
As at 30 April 2025 177,779
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 May 2024 40,163 42,820 - 106,114 189,097
Additions 3,590 380 78,113 1,801 83,884
As at 30 April 2025 43,753 43,200 78,113 107,915 272,981
Depreciation
As at 1 May 2024 22,769 42,820 - 93,641 159,230
Provided during the period 2,460 72 6,697 8,659 17,888
As at 30 April 2025 25,229 42,892 6,697 102,300 177,118
Net Book Value
As at 30 April 2025 18,524 308 71,416 5,615 95,863
As at 1 May 2024 17,394 - - 12,473 29,867
6. Investments
Associates
£
Cost
As at 1 May 2024 180
As at 30 April 2025 180
Provision
As at 1 May 2024 -
As at 30 April 2025 -
...CONTINUED
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Net Book Value
As at 30 April 2025 180
As at 1 May 2024 180
7. Stocks
2025 2024
£ £
Stock 31,456 22,073
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 272,886 336,393
Amounts owed by group undertakings 202,134 201,530
Other debtors 115,033 166,717
590,053 704,640
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,700 -
Trade creditors 177,211 164,489
Bank loans and overdrafts 61,874 214,221
Other creditors 362,134 41,973
Taxation and social security 162,220 118,723
779,139 539,406
Included in bank loans and overdrafts are £10,000 (2024 : £10,000) secured by the UK government under the Bounce Back Loan Scheme (BBLS). 
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 29,946 -
Bank loans 2,500 12,500
32,446 12,500
Included in bank loans and overdrafts are £2,500 (2024 : £12,500) secured by the UK government under the Bounce Back Loan Scheme (BBLS). 
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,700 -
Later than one year and not later than five years 29,946 -
45,646 -
45,646 -
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 23,000 23,000
Later than one year and not later than five years 74,750 94,875
97,750 117,875
14. Related Party Transactions
During the year £4,078 was advanced to a shareholder and £87,181 was subsequently repaid. At the start of the year the balance owed by the shareholder was £83,103 and at the end of the year was £nil. Interest was charged at 2.25% which totalled £659
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