Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09275927 Mr Khoshhal Azeemi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09275927 2022-10-31 09275927 2023-10-31 09275927 2022-11-01 2023-10-31 09275927 frs-core:CurrentFinancialInstruments 2023-10-31 09275927 frs-core:ComputerEquipment 2023-10-31 09275927 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09275927 frs-core:ComputerEquipment 2022-10-31 09275927 frs-core:MotorVehicles 2023-10-31 09275927 frs-core:MotorVehicles 2022-11-01 2023-10-31 09275927 frs-core:MotorVehicles 2022-10-31 09275927 frs-core:PlantMachinery 2023-10-31 09275927 frs-core:PlantMachinery 2022-11-01 2023-10-31 09275927 frs-core:PlantMachinery 2022-10-31 09275927 frs-core:ShareCapital 2023-10-31 09275927 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09275927 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09275927 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09275927 frs-bus:SmallEntities 2022-11-01 2023-10-31 09275927 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09275927 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09275927 frs-bus:Director1 2022-11-01 2023-10-31 09275927 frs-bus:Director1 2022-10-31 09275927 frs-bus:Director1 2023-10-31 09275927 frs-core:CurrentFinancialInstruments 1 2023-10-31 09275927 frs-core:CurrentFinancialInstruments 2 2023-10-31 09275927 frs-countries:EnglandWales 2022-11-01 2023-10-31 09275927 2021-10-31 09275927 2022-10-31 09275927 2021-11-01 2022-10-31 09275927 frs-core:CurrentFinancialInstruments 2022-10-31 09275927 frs-core:ShareCapital 2022-10-31 09275927 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09275927 frs-core:CurrentFinancialInstruments 1 2022-10-31 09275927 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 09275927
Hycgan Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Khoshhal Azeemi
Company Number 09275927
Registered Office 4 Imperial Place
Maxwell Road
Borehamwood
WD6 1JN
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
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Balance Sheet
Registered number: 09275927
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 169,324 19,153
169,324 19,153
CURRENT ASSETS
Debtors 5 235,920 1,834,178
Cash at bank and in hand 1,240,985 390,346
1,476,905 2,224,524
Creditors: Amounts Falling Due Within One Year 6 (1,490,539 ) (2,175,343 )
NET CURRENT ASSETS (LIABILITIES) (13,634 ) 49,181
TOTAL ASSETS LESS CURRENT LIABILITIES 155,690 68,334
NET ASSETS 155,690 68,334
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Profit and Loss Account 145,690 58,334
SHAREHOLDERS' FUNDS 155,690 68,334
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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 Khoshhal Azeemi
Director
26 July 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Hycgan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09275927 . The registered office is 4 Imperial Place, Maxwell Road, Borehamwood, WD6 1JN.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Going Concern Disclosure
At 31 October 2023, the balance sheet showed net current liabilities of £13,634 (2022 - net current assets of £49,181) but net assets of £155,690 (2022 - £68,334). The director has given an undertaking to financially support the company for at least 12 months from the date of signature on the balance sheet. The situation will be reviewed after this time. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
2.3. 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.
2.4. 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 25% on reducing balance
Motor Vehicles 20% on cost
Computer Equipment 20% on cost
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
2.8. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 5)
6 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 - 20,750 36,774 57,524
Additions 199,820 - 742 200,562
Disposals - - (3,485 ) (3,485 )
As at 31 October 2023 199,820 20,750 34,031 254,601
Depreciation
As at 1 November 2022 - 20,750 17,621 38,371
Provided during the period 45,183 - 5,208 50,391
Disposals - - (3,485 ) (3,485 )
As at 31 October 2023 45,183 20,750 19,344 85,277
Net Book Value
As at 31 October 2023 154,637 - 14,687 169,324
As at 1 November 2022 - - 19,153 19,153
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,558 1,686,876
Prepayments and accrued income 8,959 -
Other debtors 141,719 109,089
Deposits 27,000 -
VAT 48,684 38,213
235,920 1,834,178
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Page 6
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 137,654 211,770
Corporation tax 137,498 110,754
Other taxes and social security 12,854 6,334
Other creditors 8,110 2,383
Accrued expenses 3,832 750
Deferred income 1,190,000 1,833,694
Director's loan account 591 9,658
1,490,539 2,175,343
7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Khoshhal Azeemi (9,658 ) 569,067 (560,000 ) - (591 )
The above loan is unsecured, interest free and repayable on demand.
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