Acorah Software Products - Accounts Production 18.1.170 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 NI639846 Mr Ciaran Mc Keown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI639846 2024-07-31 NI639846 2025-07-31 NI639846 2024-08-01 2025-07-31 NI639846 frs-core:CurrentFinancialInstruments 2025-07-31 NI639846 frs-core:Non-currentFinancialInstruments 2025-07-31 NI639846 frs-core:ComputerEquipment 2025-07-31 NI639846 frs-core:ComputerEquipment 2024-08-01 2025-07-31 NI639846 frs-core:ComputerEquipment 2024-07-31 NI639846 frs-core:FurnitureFittings 2024-08-01 2025-07-31 NI639846 frs-core:PlantMachinery 2025-07-31 NI639846 frs-core:PlantMachinery 2024-08-01 2025-07-31 NI639846 frs-core:PlantMachinery 2024-07-31 NI639846 frs-core:ShareCapital 2025-07-31 NI639846 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 NI639846 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 NI639846 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 NI639846 frs-bus:SmallEntities 2024-08-01 2025-07-31 NI639846 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 NI639846 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 NI639846 frs-core:CostValuation 2024-07-31 NI639846 frs-core:AdditionsToInvestments 2025-07-31 NI639846 frs-core:CostValuation 2025-07-31 NI639846 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 NI639846 frs-core:ProvisionsForImpairmentInvestments 2025-07-31 NI639846 frs-bus:Director1 2024-08-01 2025-07-31 NI639846 frs-core:Non-currentFinancialInstruments 2 2025-07-31 NI639846 frs-countries:NorthernIreland 2024-08-01 2025-07-31 NI639846 2023-07-31 NI639846 2024-07-31 NI639846 2023-08-01 2024-07-31 NI639846 frs-core:CurrentFinancialInstruments 2024-07-31 NI639846 frs-core:Non-currentFinancialInstruments 2024-07-31 NI639846 frs-core:ShareCapital 2024-07-31 NI639846 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI639846 frs-core:Non-currentFinancialInstruments 2 2024-07-31
Registered number: NI639846
Mutex Markets Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
STF Accounting
1 Elmfield Park
Bromley
BR1 1LU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI639846
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,034 252
Investments 5 135,700 60,371
136,734 60,623
CURRENT ASSETS
Debtors 6 13,818 72,300
Cash at bank and in hand 5,788 1,127
19,606 73,427
Creditors: Amounts Falling Due Within One Year 7 (406,866 ) (311,692 )
NET CURRENT ASSETS (LIABILITIES) (387,260 ) (238,265 )
TOTAL ASSETS LESS CURRENT LIABILITIES (250,526 ) (177,642 )
Creditors: Amounts Falling Due After More Than One Year 8 (326,963 ) (421,970 )
NET LIABILITIES (577,489 ) (599,612 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (577,499 ) (599,622 )
SHAREHOLDERS' FUNDS (577,489) (599,612)
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Page 2
For the year ending 31 July 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
Mr Ciaran Mc Keown
Director
31 July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mutex Markets Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI639846 . The registered office is 24 Creggan Road, Randalstown, Antrim, BT41 3LN.
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. 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
Fixtures & Fittings 25% straight-line
Computer Equipment 25% straight-line
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. 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
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2024 - 575 575
Additions 267 831 1,098
As at 31 July 2025 267 1,406 1,673
Depreciation
As at 1 August 2024 - 323 323
Provided during the period 21 295 316
As at 31 July 2025 21 618 639
Net Book Value
As at 31 July 2025 246 788 1,034
As at 1 August 2024 - 252 252
5. Investments
Other
£
Cost or Valuation
As at 1 August 2024 60,371
Additions 75,329
As at 31 July 2025 135,700
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 135,700
As at 1 August 2024 60,371
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 902 -
Other debtors 12,916 -
13,818 -
Due after more than one year
Amounts owed by other participating interests - 72,300
13,818 72,300
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 73,722 48,142
Other taxes and social security 27,627 11,426
Net wages 5,150 7,417
Other creditors 5,034 -
Accruals and deferred income 8,204 14,012
Director's loan account 287,129 134,195
Amounts owed to related parties - 96,500
406,866 311,692
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors (2) 326,963 421,970
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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