Acorah Software Products - Accounts Production 14.5.501 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 11810562 Mr Stephen Higham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11810562 2022-06-30 11810562 2023-06-30 11810562 2022-07-01 2023-06-30 11810562 frs-core:CurrentFinancialInstruments 2023-06-30 11810562 frs-core:ComputerEquipment 2023-06-30 11810562 frs-core:ComputerEquipment 2022-07-01 2023-06-30 11810562 frs-core:ComputerEquipment 2022-06-30 11810562 frs-core:MotorVehicles 2023-06-30 11810562 frs-core:MotorVehicles 2022-07-01 2023-06-30 11810562 frs-core:MotorVehicles 2022-06-30 11810562 frs-core:ShareCapital 2023-06-30 11810562 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 11810562 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11810562 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 11810562 frs-bus:SmallEntities 2022-07-01 2023-06-30 11810562 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11810562 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11810562 frs-bus:Director1 2022-07-01 2023-06-30 11810562 frs-countries:EnglandWales 2022-07-01 2023-06-30 11810562 2021-06-30 11810562 2022-06-30 11810562 2021-07-01 2022-06-30 11810562 frs-core:CurrentFinancialInstruments 2022-06-30 11810562 frs-core:ShareCapital 2022-06-30 11810562 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 11810562
HIGH VENT INSTALLATION LTD
Unaudited Financial Statements
For The Year Ended 30 June 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11810562
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,720 19,346
14,720 19,346
CURRENT ASSETS
Debtors 5 65,098 59,519
Cash at bank and in hand 1,278 2,516
66,376 62,035
Creditors: Amounts Falling Due Within One Year 6 (48,517 ) (31,498 )
NET CURRENT ASSETS (LIABILITIES) 17,859 30,537
TOTAL ASSETS LESS CURRENT LIABILITIES 32,579 49,883
NET ASSETS 32,579 49,883
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 32,577 49,881
SHAREHOLDERS' FUNDS 32,579 49,883
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For the year ending 30 June 2023 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 Stephen Higham
Director
19th March 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
HIGH VENT INSTALLATION LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11810562 . The registered office is 51 Holcroft Drive, Abram, Wigan, WN2 5YP.
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.
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 25% Reducing Balance
Computer Equipment 33% Straight Line
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 (2022: 2)
2 2
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2022 25,795 - 25,795
Additions - 316 316
As at 30 June 2023 25,795 316 26,111
Depreciation
As at 1 July 2022 6,449 - 6,449
Provided during the period 4,837 105 4,942
As at 30 June 2023 11,286 105 11,391
Net Book Value
As at 30 June 2023 14,509 211 14,720
As at 1 July 2022 19,346 - 19,346
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,679 25,942
Other taxes and social security 34,419 33,577
65,098 59,519
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,847 4,745
Corporation tax 31,892 10,688
VAT 6,458 8,639
Accruals and deferred income 7,320 5,500
Director's loan account - 1,926
48,517 31,498
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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