Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 07159714 Mr Paul Fitzpatrick Mr Andrew Mair Mr Peter McCormack Mr Bryan Mullen Mr James Pike Mr Stuart Williams true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07159714 2024-12-31 07159714 2025-12-31 07159714 2025-01-01 2025-12-31 07159714 frs-core:CurrentFinancialInstruments 2025-12-31 07159714 frs-core:Non-currentFinancialInstruments 2025-12-31 07159714 frs-core:ComputerEquipment 2025-12-31 07159714 frs-core:ComputerEquipment 2025-01-01 2025-12-31 07159714 frs-core:ComputerEquipment 2024-12-31 07159714 frs-core:FurnitureFittings 2025-12-31 07159714 frs-core:FurnitureFittings 2025-01-01 2025-12-31 07159714 frs-core:FurnitureFittings 2024-12-31 07159714 frs-core:MotorVehicles 2025-12-31 07159714 frs-core:MotorVehicles 2025-01-01 2025-12-31 07159714 frs-core:MotorVehicles 2024-12-31 07159714 frs-core:ShareCapital 2025-12-31 07159714 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 07159714 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07159714 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 07159714 frs-bus:SmallEntities 2025-01-01 2025-12-31 07159714 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 07159714 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07159714 1 2025-01-01 2025-12-31 07159714 frs-bus:Director1 2025-01-01 2025-12-31 07159714 frs-bus:Director1 2024-12-31 07159714 frs-bus:Director1 2025-12-31 07159714 frs-bus:Director2 2025-01-01 2025-12-31 07159714 frs-bus:Director2 2024-12-31 07159714 frs-bus:Director2 2025-12-31 07159714 frs-bus:Director3 2025-01-01 2025-12-31 07159714 frs-bus:Director3 2024-12-31 07159714 frs-bus:Director3 2025-12-31 07159714 frs-bus:Director4 2025-01-01 2025-12-31 07159714 frs-bus:Director4 2024-12-31 07159714 frs-bus:Director4 2025-12-31 07159714 frs-bus:Director5 2025-01-01 2025-12-31 07159714 frs-bus:Director5 2024-12-31 07159714 frs-bus:Director5 2025-12-31 07159714 frs-bus:Director6 2025-01-01 2025-12-31 07159714 frs-bus:Director6 2024-12-31 07159714 frs-bus:Director6 2025-12-31 07159714 frs-countries:EnglandWales 2025-01-01 2025-12-31 07159714 2023-12-31 07159714 2024-12-31 07159714 2024-01-01 2024-12-31 07159714 frs-core:CurrentFinancialInstruments 2024-12-31 07159714 frs-core:Non-currentFinancialInstruments 2024-12-31 07159714 frs-core:MotorVehicles 2024-01-01 2024-12-31 07159714 frs-core:ShareCapital 2024-12-31 07159714 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 07159714
MA24 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Paul Fitzpatrick
Mr Andrew Mair
Mr Peter McCormack
Mr Bryan Mullen
Mr James Pike
Mr Stuart Williams
Company Number 07159714
Registered Office 14 High Cross
Truro
TR1 2AJ
Accountants Purple Lime Accountancy
Unit 5 Callow Park
Callow Hill
Brinkworth
SN15 5FD
Page 1
Page 2
Balance Sheet
Registered number: 07159714
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 257,925 231,799
257,925 231,799
CURRENT ASSETS
Debtors 5 635,692 2,122,053
Cash at bank and in hand 3,218,893 5,988,119
3,854,585 8,110,172
Creditors: Amounts Falling Due Within One Year 6 (3,433,985 ) (7,314,429 )
NET CURRENT ASSETS (LIABILITIES) 420,600 795,743
TOTAL ASSETS LESS CURRENT LIABILITIES 678,525 1,027,542
Creditors: Amounts Falling Due After More Than One Year 7 (52,614 ) (610,709 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (81,809 ) (61,441 )
NET ASSETS 544,102 355,392
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 544,002 355,292
SHAREHOLDERS' FUNDS 544,102 355,392
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Page 3
For the year ending 31 December 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 Andrew Mair
Director
Mr Stuart Williams
Director
03/08/2026
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
MA24 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07159714 . The registered office is 14 High Cross, Truro, TR1 2AJ.
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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  • the amount of turnover can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
When the outcome of a contract cannot be estimated reliably, turnover is recognised only to the
extent of the expenses recognised that are recoverable.
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:
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from group undertakings.
2.5. 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.
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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.
2.7. Pensions
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
2.8. Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 21)
28 21
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 214,924 25,383 19,524 259,831
Additions 52,059 13,422 15,983 81,464
As at 31 December 2025 266,983 38,805 35,507 341,295
Depreciation
As at 1 January 2025 16,949 4,416 6,667 28,032
Provided during the period 40,463 7,220 7,655 55,338
As at 31 December 2025 57,412 11,636 14,322 83,370
...CONTINUED
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Page 6
Net Book Value
As at 31 December 2025 209,571 27,169 21,185 257,925
As at 1 January 2025 197,975 20,967 12,857 231,799
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 130,899 163,624
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 230,476 1,401,786
Prepayments and accrued income 111,183 4,131
Corporation tax recoverable assets 67,770 -
Net wages 773 995
Directors' loan accounts 132,445 396,347
Amounts owed by group undertakings 93,045 -
635,692 1,803,259
Due after more than one year
Amounts owed by other participating interests - 318,794
635,692 2,122,053
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,862,702 2,344,265
Other loans 38,374 38,374
Corporation tax - 176,240
Other taxes and social security 43,660 35,841
VAT 194,112 1,098,618
Other creditors 18,707 17,226
Accruals and deferred income 1,273,980 3,602,365
Amounts owed to parent undertaking 2,450 1,500
3,433,985 7,314,429
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 52,614 128,484
Amounts owed to subsidiaries - 482,225
52,614 610,709
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Paul Fitzpatrick 59,912 - 59,912 - 15,760
Mr Andrew Mair 59,912 15,760 59,912 - 15,760
Mr Peter McCormack 84,912 20,760 84,912 - 20,760
Mr Bryan Mullen 48,761 10,620 48,761 - 10,620
Mr James Pike 59,912 25,760 59,912 - 25,760
Mr Stuart Williams 82,937 43,786 82,937 - 43,786
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The ultimate parent undertaking is MA24 Holdings Limited, a company incorporated in England and Wales. MA24 Holdings Limited has no overall ultimate controlling party.
11. Audit Information
The auditor's report on the accounts of MA24 Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Statutory Auditor.
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