Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 31 March 2022 false 1 April 2023 31 March 2024 31 March 2024 14016024 Mr Oliver Franks Mr Dean Skipsey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14016024 2023-03-31 14016024 2024-03-31 14016024 2023-04-01 2024-03-31 14016024 frs-core:ShareCapital 2024-03-31 14016024 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14016024 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14016024 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 14016024 frs-bus:SmallEntities 2023-04-01 2024-03-31 14016024 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 14016024 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14016024 frs-bus:Director1 2023-04-01 2024-03-31 14016024 frs-bus:Director2 2023-04-01 2024-03-31 14016024 frs-countries:EnglandWales 2023-04-01 2024-03-31 14016024 2022-03-30 14016024 2023-03-31 14016024 2022-03-31 2023-03-31 14016024 frs-core:ShareCapital 2023-03-31 14016024 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 14016024
Hasmonean Racing Ltd
Financial Statements
For The Year Ended 31 March 2024
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Hasmonean Racing Ltd For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Hasmonean Racing Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Hasmonean Racing Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Hasmonean Racing Ltd and state those matters that we have agreed to state to the directors of Hasmonean Racing Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hasmonean Racing Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Hasmonean Racing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Hasmonean Racing Ltd . You consider that Hasmonean Racing Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hasmonean Racing Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
7th August 2024
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Page 1
Page 2
Balance Sheet
Registered number: 14016024
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 8,600 4,650
Debtors 3,572 829
Cash at bank and in hand 17,282 10,573
29,454 16,052
Creditors: Amounts Falling Due Within One Year (68,584 ) (40,312 )
NET CURRENT ASSETS (LIABILITIES) (39,130 ) (24,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES (39,130 ) (24,260 )
NET LIABILITIES (39,130 ) (24,260 )
CAPITAL AND RESERVES
Called up share capital 20 20
Profit and Loss Account (39,150 ) (24,280 )
SHAREHOLDERS' FUNDS (39,130) (24,260)
Page 2
Page 3
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Oliver Franks
Director
Mr Dean Skipsey
Director
7th August 2024
The notes on page 4 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Hasmonean Racing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14016024 . The registered office is 29 Melrose Avenue, Borehamwood, WD6 2BH.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
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