Acorah Software Products - Accounts Production 19.3.550 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 00588806 I P Mager iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00588806 2024-03-31 00588806 2025-03-31 00588806 2024-04-01 2025-03-31 00588806 frs-core:MotorVehicles 2024-04-01 2025-03-31 00588806 frs-core:PlantMachinery 2024-04-01 2025-03-31 00588806 frs-core:ShareCapital 2025-03-31 00588806 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 00588806 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00588806 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 00588806 frs-bus:SmallEntities 2024-04-01 2025-03-31 00588806 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00588806 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00588806 frs-core:CostValuation 2024-03-31 00588806 frs-core:CostValuation 2025-03-31 00588806 frs-bus:Director1 2024-04-01 2025-03-31 00588806 frs-countries:EnglandWales 2024-04-01 2025-03-31 00588806 2023-03-31 00588806 2024-03-31 00588806 2023-04-01 2024-03-31 00588806 frs-core:ShareCapital 2024-03-31 00588806 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 00588806
Brian Mager Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Brian Mager Limited
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—5

Page 1
Brian Mager Limited
Abridged Balance Sheet
As At 31 March 2025
Abridged Balance Sheet
Registered number: 00588806

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 5,334,850 |  | 5,334,850
Investments | 5 |  | 555 |  | 555
|  |  | 5,335,405 |  | 5,335,405
CURRENT ASSETS
Stocks |  | 617,523 |  | 617,523 |
Debtors |  | 528,112 |  | 721,908 |
Cash at bank and in hand |  | 81,636 |  | 36,524 |
|  | 1,227,271 |  | 1,375,955 |
Creditors: Amounts Falling Due Within One Year |  | (546,896 ) |  | (711,581 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 680,375 |  | 664,374
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,015,780 |  | 5,999,779
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (632,933 ) |  | (632,933 )
NET ASSETS |  |  | 5,382,847 |  | 5,366,846
CAPITAL AND RESERVES
Called up share capital | 6 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 5,381,847 |  | 5,365,846
SHAREHOLDERS' FUNDS |  |  | 5,382,847 |  | 5,366,846

Page 1
Page 2
Brian Mager Limited
Abridged Balance Sheet (continued)
As At 31 March 2025
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

I P Mager Director
21st July 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Brian Mager Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 March 2025
Notes to the Abridged Financial Statements
1. General Information
Brian Mager Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00588806 . The registered office is Laburnum Farm, Livesey Road, Ludborough, Grimsby, North East Lincolnshire, DN36 5SF.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:

Plant & Machinery | 25% Straight Line
Motor Vehicles | 20% Straight Line

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
Page 3
Page 4
Brian Mager Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2025
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: 2 (2024: 2)
2 2
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 April 2024 | 5,541,625
As at 31 March 2025 | 5,541,625
Depreciation
As at 1 April 2024 | 206,775
As at 31 March 2025 | 206,775

...CONTINUED
Page 4
Page 5
Brian Mager Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025 | 5,334,850
As at 1 April 2024 | 5,334,850

The investment properties class of fixed assets was revalued on 31 March 2024 by Mr I P Mager BSc, who is the managing director of the company and holds a degree in Quantity Surveying. The basis of this valuation was open market value on an existing use basis. This class of assets has a current value of £5,334,850 (2023- £5,334,850) and a carrying amount at historical cost of £1,712,353 (2023 - £1,712,353).
A provision for deferred taxation has been made in relation to the revaluation of the investment properties. If the investment properties were disposed of at their balance sheet amount, it is estimated that the tax liability would amount to £632,933 (2023 - £481,029).
5. Investments

| Total
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 555
As at 31 March 2025 | 555
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 555
As at 1 April 2024 | 555

Listed investments have been revalued at fair value as at 31 March 2023 at their quoted market value of £555.
No provision for deferred taxation has been made in relation to the revaluation of the investments. If the investments were disposed of at their balance sheet amount, it is estimated that the tax liability would not be material.
6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

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