Acorah Software Products - Accounts Production 19.2.450 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 04519731 Mr Ian Corner Mrs Deborah Corner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04519731 2024-10-31 04519731 2025-10-31 04519731 2024-11-01 2025-10-31 04519731 frs-core:CurrentFinancialInstruments 2025-10-31 04519731 frs-core:ComputerEquipment 2025-10-31 04519731 frs-core:ComputerEquipment 2024-11-01 2025-10-31 04519731 frs-core:ComputerEquipment 2024-10-31 04519731 frs-core:FurnitureFittings 2025-10-31 04519731 frs-core:FurnitureFittings 2024-11-01 2025-10-31 04519731 frs-core:FurnitureFittings 2024-10-31 04519731 frs-core:NetGoodwill 2025-10-31 04519731 frs-core:NetGoodwill 2024-11-01 2025-10-31 04519731 frs-core:NetGoodwill 2024-10-31 04519731 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-31 04519731 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 04519731 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 04519731 frs-core:MotorVehicles 2025-10-31 04519731 frs-core:MotorVehicles 2024-11-01 2025-10-31 04519731 frs-core:MotorVehicles 2024-10-31 04519731 frs-core:PlantMachinery 2025-10-31 04519731 frs-core:PlantMachinery 2024-11-01 2025-10-31 04519731 frs-core:PlantMachinery 2024-10-31 04519731 frs-core:ShareCapital 2025-10-31 04519731 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 04519731 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 04519731 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 04519731 frs-bus:SmallEntities 2024-11-01 2025-10-31 04519731 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 04519731 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 04519731 frs-bus:Director1 2024-11-01 2025-10-31 04519731 frs-bus:Director2 2024-11-01 2025-10-31 04519731 frs-countries:EnglandWales 2024-11-01 2025-10-31 04519731 2023-10-31 04519731 2024-10-31 04519731 2023-11-01 2024-10-31 04519731 frs-core:CurrentFinancialInstruments 2024-10-31 04519731 frs-core:ShareCapital 2024-10-31 04519731 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 04519731
M A and I G Corner Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Riley Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04519731
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 160,000 160,000
Tangible Assets 5 358,482 361,776
518,482 521,776
CURRENT ASSETS
Stocks 6 49,883 18,615
Cash at bank and in hand 61,603 37,568
111,486 56,183
Creditors: Amounts Falling Due Within One Year 7 (176,028 ) (139,397 )
NET CURRENT ASSETS (LIABILITIES) (64,542 ) (83,214 )
TOTAL ASSETS LESS CURRENT LIABILITIES 453,940 438,562
NET ASSETS 453,940 438,562
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 453,840 438,462
SHAREHOLDERS' FUNDS 453,940 438,562
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For the year ending 31 October 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 Ian Corner
Director
31/03/2026
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
M A and I G Corner Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04519731 . The registered office is 22-26 Union Quay, North Shields, NE30 1HJ.
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:
Freehold 0% Reducing balance
Plant & Machinery 15% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 5% Reducing balance
Computer Equipment 15% Reducing balance
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.
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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: 24 (2024: 24)
24 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 160,000
As at 31 October 2025 160,000
Net Book Value
As at 31 October 2025 160,000
As at 1 November 2024 160,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 62,651 32,875 13,995 557,016
Additions - - - 16,516
As at 31 October 2025 62,651 32,875 13,995 573,532
...CONTINUED
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Depreciation
As at 1 November 2024 - - 6,592 299,172
Provided during the period - 4,931 1,111 13,718
As at 31 October 2025 - 4,931 7,703 312,890
Net Book Value
As at 31 October 2025 62,651 27,944 6,292 260,642
As at 1 November 2024 62,651 32,875 7,403 257,844
Computer Equipment Total
£ £
Cost
As at 1 November 2024 1,090 667,627
Additions - 16,516
As at 31 October 2025 1,090 684,143
Depreciation
As at 1 November 2024 87 305,851
Provided during the period 50 19,810
As at 31 October 2025 137 325,661
Net Book Value
As at 31 October 2025 953 358,482
As at 1 November 2024 1,003 361,776
6. Stocks
2025 2024
£ £
Stock 49,883 18,615
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,697 8,458
Bank loans and overdrafts 54,260 34,273
Corporation tax 17,484 19,260
Other taxes and social security 5,397 -
VAT 55,831 52,621
Other creditors 10,277 20,687
Accruals and deferred income 1,200 1,200
Directors' loan accounts 25,882 2,898
176,028 139,397
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 6