Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 07030328 Mr P Heffernan Mr C J Thorpe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07030328 2022-10-31 07030328 2023-10-31 07030328 2022-11-01 2023-10-31 07030328 frs-core:CurrentFinancialInstruments 2023-10-31 07030328 frs-core:ComputerEquipment 2023-10-31 07030328 frs-core:ComputerEquipment 2022-11-01 2023-10-31 07030328 frs-core:ComputerEquipment 2022-10-31 07030328 frs-core:MotorVehicles 2023-10-31 07030328 frs-core:MotorVehicles 2022-11-01 2023-10-31 07030328 frs-core:MotorVehicles 2022-10-31 07030328 frs-core:ShareCapital 2023-10-31 07030328 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07030328 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07030328 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 07030328 frs-bus:SmallEntities 2022-11-01 2023-10-31 07030328 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07030328 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07030328 frs-core:ListedExchangeTraded 2023-10-31 07030328 frs-core:ListedExchangeTraded 2022-10-31 07030328 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-10-31 07030328 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-10-31 07030328 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 07030328 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-10-31 07030328 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 07030328 frs-bus:Director1 2022-11-01 2023-10-31 07030328 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 07030328 frs-countries:EnglandWales 2022-11-01 2023-10-31 07030328 2021-10-31 07030328 2022-10-31 07030328 2021-11-01 2022-10-31 07030328 frs-core:CurrentFinancialInstruments 2022-10-31 07030328 frs-core:ShareCapital 2022-10-31 07030328 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 07030328
Hpsa Limited
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07030328
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,334 7,917
Investments 5 200,000 -
206,334 7,917
CURRENT ASSETS
Debtors 6 889,360 1,117,603
Cash at bank and in hand 569,239 1,225,181
1,458,599 2,342,784
Creditors: Amounts Falling Due Within One Year 7 (527,217 ) (1,354,804 )
NET CURRENT ASSETS (LIABILITIES) 931,382 987,980
TOTAL ASSETS LESS CURRENT LIABILITIES 1,137,716 995,897
NET ASSETS 1,137,716 995,897
CAPITAL AND RESERVES
Called up share capital 8 110 110
Profit and Loss Account 1,137,606 995,787
SHAREHOLDERS' FUNDS 1,137,716 995,897
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 P Heffernan
Director
25 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hpsa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07030328 . The registered office is 550 Valley Rd, Basford, Nottingham, NG5 1JJ.
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.
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.
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:
Motor Vehicles 20% Reducing Balance
Computer Equipment 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 21,085 9,019 30,104
As at 31 October 2023 21,085 9,019 30,104
Depreciation
As at 1 November 2022 17,549 4,638 22,187
Provided during the period 707 876 1,583
As at 31 October 2023 18,256 5,514 23,770
Net Book Value
As at 31 October 2023 2,829 3,505 6,334
As at 1 November 2022 3,536 4,381 7,917
5. Investments
Listed
£
Cost
As at 1 November 2022 -
Additions 200,000
As at 31 October 2023 200,000
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 200,000
As at 1 November 2022 -
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 889,360 1,117,603
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 401,102 716,707
Corporation tax 65,216 109,467
VAT 32,544 64,693
Other creditors 19,313 42,533
Accruals and deferred income 3,981 8,181
Director's loan account 5,061 413,223
527,217 1,354,804
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 110 110
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