Acorah Software Products - Accounts Production 14.5.501 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09264774 Mr Henry Gallagher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09264774 2022-10-31 09264774 2023-10-31 09264774 2022-11-01 2023-10-31 09264774 frs-core:CurrentFinancialInstruments 2023-10-31 09264774 frs-core:PlantMachinery 2023-10-31 09264774 frs-core:PlantMachinery 2022-11-01 2023-10-31 09264774 frs-core:PlantMachinery 2022-10-31 09264774 frs-core:ShareCapital 2023-10-31 09264774 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09264774 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09264774 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09264774 frs-bus:SmallEntities 2022-11-01 2023-10-31 09264774 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09264774 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09264774 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-10-31 09264774 frs-bus:Director1 2022-11-01 2023-10-31 09264774 frs-bus:Director1 2022-10-31 09264774 frs-bus:Director1 2023-10-31 09264774 frs-countries:EnglandWales 2022-11-01 2023-10-31 09264774 2021-10-31 09264774 2022-10-31 09264774 2021-11-01 2022-10-31 09264774 frs-core:CurrentFinancialInstruments 2022-10-31 09264774 frs-core:ShareCapital 2022-10-31 09264774 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09264774 frs-core:AcceleratedTaxDepreciationDeferredTax 2022-10-31
Registered number: 09264774
Henry Ix Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09264774
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 738 524
738 524
CURRENT ASSETS
Debtors 5 3,974 1,756
Cash at bank and in hand 1,828 674
5,802 2,430
Creditors: Amounts Falling Due Within One Year 6 (6,325 ) (2,810 )
NET CURRENT ASSETS (LIABILITIES) (523 ) (380 )
TOTAL ASSETS LESS CURRENT LIABILITIES 215 144
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (140 ) (100 )
NET ASSETS 75 44
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 73 42
SHAREHOLDERS' FUNDS 75 44
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For the year ending 31 October 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 Henry Gallagher
Director
31/03/2024
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
Henry Ix Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09264774 . The registered office is 67 Wansbeck Avenue, Cullercoats, North Tyneside, NE30 3DJ.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 20% Reducing Balance
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: 1 (2022: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2022 2,964
Additions 399
As at 31 October 2023 3,363
Depreciation
As at 1 November 2022 2,440
Provided during the period 185
As at 31 October 2023 2,625
Net Book Value
As at 31 October 2023 738
As at 1 November 2022 524
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 489
Prepayments and accrued income 239 126
Director's loan account 3,735 1,141
3,974 1,756
Included in debtors is a balance due from the director of £3,735 (2022: £1,141) this balance will be settled within 9 months of the year end by means of a dividend.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 98 -
Corporation tax 4,895 1,804
Accruals and deferred income 1,332 1,006
6,325 2,810
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Accelerated capital allowances 140 100
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Henry Gallagher 1,141 24,066 (21,472 ) - 3,735
The above loan will be settled within 9 months of the year end.
Dividends paid to directors
2023 2022
£ £
Mr Henry Gallagher 14,000 7,500
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