Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11012953 Mr Darryn WELCH iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11012953 2022-10-31 11012953 2023-10-31 11012953 2022-11-01 2023-10-31 11012953 frs-core:CurrentFinancialInstruments 2023-10-31 11012953 frs-core:Non-currentFinancialInstruments 2023-10-31 11012953 frs-core:SharePremium 2023-10-31 11012953 frs-core:ShareCapital 2023-10-31 11012953 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11012953 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11012953 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11012953 frs-bus:SmallEntities 2022-11-01 2023-10-31 11012953 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11012953 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11012953 frs-bus:Director1 2022-11-01 2023-10-31 11012953 frs-countries:EnglandWales 2022-11-01 2023-10-31 11012953 2021-10-31 11012953 2022-10-31 11012953 2021-11-01 2022-10-31 11012953 frs-core:CurrentFinancialInstruments 2022-10-31 11012953 frs-core:Non-currentFinancialInstruments 2022-10-31 11012953 frs-core:SharePremium 2022-10-31 11012953 frs-core:ShareCapital 2022-10-31 11012953 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11012953
HUSTLE VENTURES LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
ACTS Global Ltd
3rd Floor, Norvin House
45-55 Commercial Street
London
E1 6BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 11012953
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,544,492 1,414,946
Cash at bank and in hand 1,114 92,163
1,545,606 1,507,109
Creditors: Amounts Falling Due Within One Year 5 (38,540 ) (570,920 )
NET CURRENT ASSETS (LIABILITIES) 1,507,066 936,189
TOTAL ASSETS LESS CURRENT LIABILITIES 1,507,066 936,189
Creditors: Amounts Falling Due After More Than One Year (442,514 ) -
NET ASSETS 1,064,552 936,189
CAPITAL AND RESERVES
Called up share capital 6 726,831 701,392
Share premium account 523,953 330,017
Profit and Loss Account (186,232 ) (95,220 )
SHAREHOLDERS' FUNDS 1,064,552 936,189
Page 1
Page 2
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 Darryn WELCH
Director
30th July 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HUSTLE VENTURES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11012953 . The registered office is 3rd Floor, Norvin House, 45-55 Commercial Street, London, E1 6BD.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,016 -
Other debtors 211,959 1,414,946
218,975 1,414,946
Due after more than one year
Other debtors 1,325,517 -
1,544,492 1,414,946
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 17,999 11,265
Other creditors 20,541 559,655
38,540 570,920
6. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 209,161 275,735
Called Up Share Capital has been paid up 517,670 425,657
Amount of Allotted, Called Up Share Capital 726,831 701,392
Page 3