Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10557204 Mr RICHARD HARRIGAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10557204 2023-03-31 10557204 2024-03-31 10557204 2023-04-01 2024-03-31 10557204 frs-core:CurrentFinancialInstruments 2024-03-31 10557204 frs-core:Non-currentFinancialInstruments 2024-03-31 10557204 frs-core:MotorVehicles 2024-03-31 10557204 frs-core:MotorVehicles 2023-04-01 2024-03-31 10557204 frs-core:MotorVehicles 2023-03-31 10557204 frs-core:PlantMachinery 2024-03-31 10557204 frs-core:PlantMachinery 2023-04-01 2024-03-31 10557204 frs-core:PlantMachinery 2023-03-31 10557204 frs-core:ShareCapital 2024-03-31 10557204 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10557204 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10557204 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10557204 frs-bus:SmallEntities 2023-04-01 2024-03-31 10557204 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10557204 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10557204 frs-bus:Director1 2023-04-01 2024-03-31 10557204 frs-core:CurrentFinancialInstruments 1 2024-03-31 10557204 frs-countries:EnglandWales 2023-04-01 2024-03-31 10557204 2022-03-31 10557204 2023-03-31 10557204 2022-04-01 2023-03-31 10557204 frs-core:CurrentFinancialInstruments 2023-03-31 10557204 frs-core:Non-currentFinancialInstruments 2023-03-31 10557204 frs-core:ShareCapital 2023-03-31 10557204 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10557204 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 10557204
R Harrigan Leadwork Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10557204
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,641 32,051
25,641 32,051
CURRENT ASSETS
Debtors 5 84,339 72,647
Cash at bank and in hand 33,236 27,929
117,575 100,576
Creditors: Amounts Falling Due Within One Year 6 (32,306 ) (31,405 )
NET CURRENT ASSETS (LIABILITIES) 85,269 69,171
TOTAL ASSETS LESS CURRENT LIABILITIES 110,910 101,222
Creditors: Amounts Falling Due After More Than One Year 7 (31,424 ) (29,920 )
NET ASSETS 79,486 71,302
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 79,386 71,202
SHAREHOLDERS' FUNDS 79,486 71,302
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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 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 RICHARD HARRIGAN
Director
14/06/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
R Harrigan Leadwork Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10557204 . The registered office is 140 Honey Lane, Waltham Abbey, Essex, EN9 3BG.
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:
Plant & Machinery 20% Reducing balance
Motor Vehicles 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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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2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 2,100 46,695 48,795
As at 31 March 2024 2,100 46,695 48,795
Depreciation
As at 1 April 2023 1,655 15,089 16,744
Provided during the period 89 6,321 6,410
As at 31 March 2024 1,744 21,410 23,154
Net Book Value
As at 31 March 2024 356 25,285 25,641
As at 1 April 2023 445 31,606 32,051
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,650 3,580
Prepayments and accrued income 2,250 2,100
CIS Receivable 74,936 55,999
VAT 2,503 10,968
84,339 72,647
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,855 1,540
Bank loans and overdrafts 8,657 9,430
Corporation tax 5,862 11,853
Other taxes and social security 12,918 1,227
Accruals and deferred income 3,014 7,355
32,306 31,405
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,803 29,920
Corporation tax 8,621 -
31,424 29,920
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 15,000 14,000
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