Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08050730 Mr Benjamin Hughes Mrs Katrina Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08050730 2023-06-30 08050730 2024-06-30 08050730 2023-07-01 2024-06-30 08050730 frs-core:CurrentFinancialInstruments 2024-06-30 08050730 frs-core:Non-currentFinancialInstruments 2024-06-30 08050730 frs-core:NetGoodwill 2024-06-30 08050730 frs-core:NetGoodwill 2023-07-01 2024-06-30 08050730 frs-core:NetGoodwill 2023-06-30 08050730 frs-core:MotorVehicles 2023-07-01 2024-06-30 08050730 frs-core:PlantMachinery 2024-06-30 08050730 frs-core:PlantMachinery 2023-07-01 2024-06-30 08050730 frs-core:PlantMachinery 2023-06-30 08050730 frs-core:ShareCapital 2024-06-30 08050730 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08050730 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08050730 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08050730 frs-bus:SmallEntities 2023-07-01 2024-06-30 08050730 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08050730 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08050730 frs-bus:Director1 2023-07-01 2024-06-30 08050730 frs-bus:Director1 2023-06-30 08050730 frs-bus:Director1 2024-06-30 08050730 frs-bus:Director2 2023-07-01 2024-06-30 08050730 frs-bus:Director2 2023-06-30 08050730 frs-bus:Director2 2024-06-30 08050730 frs-countries:EnglandWales 2023-07-01 2024-06-30 08050730 2022-06-30 08050730 2023-06-30 08050730 2022-07-01 2023-06-30 08050730 frs-core:CurrentFinancialInstruments 2023-06-30 08050730 frs-core:Non-currentFinancialInstruments 2023-06-30 08050730 frs-core:ShareCapital 2023-06-30 08050730 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08050730
Hughes Recruitment Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
C W Dix Limited
Accountants & Business Advisors
4b Silkwood Court
Wakefield
West Yorkshire
WF5 9TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08050730
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 909 1,209
909 1,209
CURRENT ASSETS
Debtors 6 119,084 304,468
Cash at bank and in hand 17,294 14,696
136,378 319,164
Creditors: Amounts Falling Due Within One Year 7 (68,977 ) (191,139 )
NET CURRENT ASSETS (LIABILITIES) 67,401 128,025
TOTAL ASSETS LESS CURRENT LIABILITIES 68,310 129,234
Creditors: Amounts Falling Due After More Than One Year 8 (6,030 ) (17,081 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (155 ) (164 )
NET ASSETS 62,125 111,989
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 62,025 111,889
SHAREHOLDERS' FUNDS 62,125 111,989
Page 1
Page 2
For the year ending 30 June 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 Benjamin Hughes
Director
08/08/2024
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
Hughes Recruitment Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08050730 . The registered office is 4 Silkwood Court, Wakefield, West Yorkshire, WF5 9TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.


2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% per annum reducing balance
Motor Vehicles 25% per annum reducing balance
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 3
Sales, marketing and distribution 35 50
37 53
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 38,000
As at 30 June 2024 38,000
Amortisation
As at 1 July 2023 38,000
As at 30 June 2024 38,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 3,494
As at 30 June 2024 3,494
Depreciation
As at 1 July 2023 2,285
Provided during the period 300
As at 30 June 2024 2,585
Net Book Value
As at 30 June 2024 909
As at 1 July 2023 1,209
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,931 287,406
Prepayments and accrued income 500 500
Directors' loan accounts 11,653 16,562
119,084 304,468
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,646 649
Bank loans and overdrafts 10,000 73,576
Corporation tax 3,038 15,891
Other taxes and social security 11,438 25,711
VAT 35,358 73,015
Net wages 497 497
Accruals and deferred income 4,000 1,800
68,977 191,139
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,030 17,081
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Benjamin Hughes 8,252 28,689 31,115 - 5,826
Mrs Katrina Hughes 8,310 28,632 31,115 - 5,827
The above loans were repaid in full by the declaration of a Dividend on 30 July 2022.
Dividends paid to directors
2024 2023
£ £
Mr Benjamin Hughes 31,115 40,000
Mrs Katrina Hughes 31,115 40,000
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 62,230 80,000
Page 5