Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08584049 Anthony Restell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08584049 2023-03-31 08584049 2024-03-31 08584049 2023-04-01 2024-03-31 08584049 frs-core:CurrentFinancialInstruments 2024-03-31 08584049 frs-core:Non-currentFinancialInstruments 2024-03-31 08584049 frs-core:ComputerEquipment 2024-03-31 08584049 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08584049 frs-core:ComputerEquipment 2023-03-31 08584049 frs-core:ShareCapital 2024-03-31 08584049 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08584049 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08584049 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08584049 frs-bus:SmallEntities 2023-04-01 2024-03-31 08584049 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08584049 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08584049 frs-bus:Director1 2023-04-01 2024-03-31 08584049 frs-countries:EnglandWales 2023-04-01 2024-03-31 08584049 2022-03-31 08584049 2023-03-31 08584049 2022-04-01 2023-03-31 08584049 frs-core:CurrentFinancialInstruments 2023-03-31 08584049 frs-core:Non-currentFinancialInstruments 2023-03-31 08584049 frs-core:ShareCapital 2023-03-31 08584049 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08584049
Social Hire Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
JJ Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08584049
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,395 1,809
2,395 1,809
CURRENT ASSETS
Debtors 5 22,546 31,982
Cash at bank and in hand 32,954 77,170
55,500 109,152
Creditors: Amounts Falling Due Within One Year 6 (35,341 ) (69,262 )
NET CURRENT ASSETS (LIABILITIES) 20,159 39,890
TOTAL ASSETS LESS CURRENT LIABILITIES 22,554 41,699
Creditors: Amounts Falling Due After More Than One Year 7 (21,667 ) (21,667 )
NET ASSETS 887 20,032
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 787 19,932
SHAREHOLDERS' FUNDS 887 20,032
Page 1
Page 2
For the year ending 31 March 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
Anthony Restell
Director
26/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Social Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08584049 . The registered office is The Old Farmhouse Little Denmead Farm, White Horse Lane, Denmead, Hampshire, PO7 6JP.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Computer Equipment over 3 years
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 9,978
Additions 2,157
Disposals (5,119 )
As at 31 March 2024 7,016
Depreciation
As at 1 April 2023 8,169
Provided during the period 1,571
Disposals (5,119 )
As at 31 March 2024 4,621
Net Book Value
As at 31 March 2024 2,395
As at 1 April 2023 1,809
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,476 9,335
Prepayments and accrued income 4,070 20,022
Other debtors - 2,625
22,546 31,982
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,389 7,357
Bank loans and overdrafts - 10,000
Corporation tax 4,458 5,773
Other taxes and social security 11,878 11,722
Other creditors 2,473 999
Accruals and deferred income 12,143 33,411
35,341 69,262
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,667 21,667
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4