Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11424837 Mrs Kelly Spinks Mrs Wendy Lane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11424837 2023-06-30 11424837 2024-06-30 11424837 2023-07-01 2024-06-30 11424837 frs-core:CurrentFinancialInstruments 2024-06-30 11424837 frs-core:Non-currentFinancialInstruments 2024-06-30 11424837 frs-core:ComputerEquipment 2024-06-30 11424837 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11424837 frs-core:ComputerEquipment 2023-06-30 11424837 frs-core:FurnitureFittings 2024-06-30 11424837 frs-core:FurnitureFittings 2023-07-01 2024-06-30 11424837 frs-core:FurnitureFittings 2023-06-30 11424837 frs-core:PlantMachinery 2024-06-30 11424837 frs-core:PlantMachinery 2023-07-01 2024-06-30 11424837 frs-core:PlantMachinery 2023-06-30 11424837 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11424837 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11424837 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11424837 frs-bus:SmallEntities 2023-07-01 2024-06-30 11424837 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11424837 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11424837 frs-bus:Director1 2023-07-01 2024-06-30 11424837 frs-bus:Director2 2023-07-01 2024-06-30 11424837 frs-countries:EnglandWales 2023-07-01 2024-06-30 11424837 2022-06-30 11424837 2023-06-30 11424837 2022-07-01 2023-06-30 11424837 frs-core:CurrentFinancialInstruments 2023-06-30 11424837 frs-core:Non-currentFinancialInstruments 2023-06-30 11424837 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11424837
Husk & Seed Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11424837
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,272 2,687
6,272 2,687
CURRENT ASSETS
Stocks 5 1,125 6,635
Debtors 6 5,759 1,798
Cash at bank and in hand 117,567 55,576
124,451 64,009
Creditors: Amounts Falling Due Within One Year 7 (122,799 ) (50,011 )
NET CURRENT ASSETS (LIABILITIES) 1,652 13,998
TOTAL ASSETS LESS CURRENT LIABILITIES 7,924 16,685
Creditors: Amounts Falling Due After More Than One Year 8 (6,763 ) (10,260 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,192 ) -
NET (LIABILITIES)/ASSETS (31 ) 6,425
Profit and Loss Account (31 ) 6,425
SHAREHOLDERS' FUNDS (31) 6,425
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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
Mrs Kelly Spinks
Director
14/08/2024
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
Husk & Seed Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11424837 . The registered office is Unit 4 The Granary, Horton Kirby, DA4 0BN.
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.
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 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 516 2,838 - 3,354
Additions - 2,457 2,239 4,696
As at 30 June 2024 516 5,295 2,239 8,050
Depreciation
As at 1 July 2023 77 590 - 667
Provided during the period 66 709 336 1,111
As at 30 June 2024 143 1,299 336 1,778
Net Book Value
As at 30 June 2024 373 3,996 1,903 6,272
As at 1 July 2023 439 2,248 - 2,687
5. Stocks
2024 2023
£ £
Stock 1,125 6,635
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 772 298
Other debtors 4,987 1,500
5,759 1,798
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,392
Bank loans and overdrafts 84,987 29,314
Corporation tax 8,464 1,005
Other taxes and social security 1,303 -
VAT 20,554 12,009
Other creditors 92 -
Accruals and deferred income - 1,800
Directors' loan accounts 7,399 4,491
122,799 50,011
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,763 10,260
9. Share Capital
2024 2023
£ £
10. Related Party Transactions
Included in the Other Creditors is an amount owed to the company directors Mrs W Lane & Mrs K Spinks totalling £7,399 (2023 - £4,491), no interest is to be charged.
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