Acorah Software Products - Accounts Production 19.4.351 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 05009257 M Faulks Mr A Faulks true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05009257 2025-01-31 05009257 2026-01-31 05009257 2025-02-01 2026-01-31 05009257 frs-core:CurrentFinancialInstruments 2026-01-31 05009257 frs-core:PlantMachinery 2026-01-31 05009257 frs-core:PlantMachinery 2025-02-01 2026-01-31 05009257 frs-core:PlantMachinery 2025-01-31 05009257 frs-core:ShareCapital 2026-01-31 05009257 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 05009257 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 05009257 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 05009257 frs-bus:SmallEntities 2025-02-01 2026-01-31 05009257 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 05009257 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 05009257 1 2025-02-01 2026-01-31 05009257 frs-bus:Director1 2025-02-01 2026-01-31 05009257 frs-countries:EnglandWales 2025-02-01 2026-01-31 05009257 2024-01-31 05009257 2025-01-31 05009257 2024-02-01 2025-01-31 05009257 frs-core:CurrentFinancialInstruments 2025-01-31 05009257 frs-core:ShareCapital 2025-01-31 05009257 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: 05009257
MAFTEC LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05009257
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,617 22
1,617 22
CURRENT ASSETS
Stock 5 500 900
Debtors 6 566 20,720
Cash at bank and in hand 38 36,763
1,104 58,383
Creditors: Amounts Falling Due Within One Year 7 (4,406 ) (30,649 )
NET CURRENT ASSETS (LIABILITIES) (3,302 ) 27,734
TOTAL ASSETS LESS CURRENT LIABILITIES (1,685 ) 27,756
NET (LIABILITIES)/ASSETS (1,685 ) 27,756
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,785 ) 27,656
SHAREHOLDERS' FUNDS (1,685) 27,756
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For the year ending 31 January 2026 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.
The financial statements were approved by the board of directors on 9 October 2026 and were signed on its behalf by:
M Faulks
Director
9 October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MAFTEC LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05009257 . The registered office is 6 High Street, Wheathampstead, Herts, AL4 8AA.
The financial statements are presented in Sterling, which is the functional currency of the company.
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
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
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 15% Straight Line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.
2.5. Foreign Currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
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.
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2.7. Research and Development
Expenditure on research and development is written off in the year in which it is incurred.
Corporation Tax credits for Research and Development are recognised in the year they relate to.
2.8. Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2025 14,020
Additions 1,903
As at 31 January 2026 15,923
Depreciation
As at 1 February 2025 13,998
Provided during the period 308
As at 31 January 2026 14,306
Net Book Value
As at 31 January 2026 1,617
As at 1 February 2025 22
5. Stock
2026 2025
£ £
Materials and components 500 900
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 17,888
Prepayments and accrued income 566 2,832
566 20,720
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other taxes and social security 85 13,278
Accruals and deferred income 1,275 1,470
Director's loan account 3,046 15,901
4,406 30,649
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
100 Ordinary Shares
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr A Faulks by virtue of his ownership of 100% of the issued share capital in the company.
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