Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11772402 Mr Joshua Holland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11772402 2023-01-31 11772402 2024-01-31 11772402 2023-02-01 2024-01-31 11772402 frs-core:CurrentFinancialInstruments 2024-01-31 11772402 frs-core:Non-currentFinancialInstruments 2024-01-31 11772402 frs-core:BetweenOneFiveYears 2024-01-31 11772402 frs-core:ComputerEquipment 2024-01-31 11772402 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11772402 frs-core:ComputerEquipment 2023-01-31 11772402 frs-core:FurnitureFittings 2024-01-31 11772402 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11772402 frs-core:FurnitureFittings 2023-01-31 11772402 frs-core:PlantMachinery 2024-01-31 11772402 frs-core:PlantMachinery 2023-02-01 2024-01-31 11772402 frs-core:PlantMachinery 2023-01-31 11772402 frs-core:WithinOneYear 2024-01-31 11772402 frs-core:ShareCapital 2024-01-31 11772402 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11772402 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11772402 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11772402 frs-bus:SmallEntities 2023-02-01 2024-01-31 11772402 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11772402 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11772402 frs-bus:Director1 2023-02-01 2024-01-31 11772402 frs-countries:EnglandWales 2023-02-01 2024-01-31 11772402 2022-01-31 11772402 2023-01-31 11772402 2022-02-01 2023-01-31 11772402 frs-core:CurrentFinancialInstruments 2023-01-31 11772402 frs-core:Non-currentFinancialInstruments 2023-01-31 11772402 frs-core:BetweenOneFiveYears 2023-01-31 11772402 frs-core:WithinOneYear 2023-01-31 11772402 frs-core:ShareCapital 2023-01-31 11772402 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11772402
Found Hired Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11772402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,928 16,385
13,928 16,385
CURRENT ASSETS
Stocks 5 10,000 -
Debtors 6 135,865 72,791
Cash at bank and in hand (1 ) -
145,864 72,791
Creditors: Amounts Falling Due Within One Year 7 (345,029 ) (220,850 )
NET CURRENT ASSETS (LIABILITIES) (199,165 ) (148,059 )
TOTAL ASSETS LESS CURRENT LIABILITIES (185,237 ) (131,674 )
Creditors: Amounts Falling Due After More Than One Year 8 (19,313 ) (28,785 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (184 ) (184 )
NET LIABILITIES (204,734 ) (160,643 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (204,735 ) (160,644 )
SHAREHOLDERS' FUNDS (204,734) (160,643)
Page 1
Page 2
For the year ending 31 January 2024 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 Joshua Holland
Director
19/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Found Hired Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11772402 . The registered office is 41 East Street, Bromley, Kent, BR1 1QQ.
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.
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% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 10)
3 10
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 20,879 1,000 1,431 23,310
As at 31 January 2024 20,879 1,000 1,431 23,310
Depreciation
As at 1 February 2023 5,794 478 653 6,925
Provided during the period 2,263 78 116 2,457
As at 31 January 2024 8,057 556 769 9,382
Net Book Value
As at 31 January 2024 12,822 444 662 13,928
As at 1 February 2023 15,085 522 778 16,385
5. Stocks
2024 2023
£ £
Work in progress 10,000 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,572 10,697
Other debtors 41,729 35,076
VAT 782 -
Director's loan account 26,782 27,018
135,865 72,791
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,962 3,962
Trade creditors 51,432 4,409
Bank loans and overdrafts 17,000 16,954
Other taxes and social security 19,540 17,135
...CONTINUED
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VAT - 3,304
Other creditors - 303
Amounts owed to related parties 253,095 174,783
345,029 220,850
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,942 8,904
Bank loans 14,371 19,881
19,313 28,785
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,962 3,962
Later than one year and not later than five years 4,942 8,904
8,904 12,866
8,904 12,866
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
Included in Other Debtors is an amount of £26,782 (2023 - £27,018) owed from the director, Mr J Holland. This loan is interest free and no repayment terms have been agreed. 
Included in Other Debtors are the following amounts owed from each company, all of which are under the control of the director; Mr J Holland. 
Kudo Space Ltd - £41,029 (2023 - £34,576)
Found All Ltd - £200
Included in Other Creditors are the following amounts owed to each company, all of which are under control of the director; Mr J Holland.
Solve Distribution Ltd - £51,421 (2023 - £28,978)
Clarity Engineering Ltd - £201,674 (2023 - £145,805)
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