Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05930870 Patrick Mckinney James Parker Lisa Mckinney Tina Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05930870 2023-03-31 05930870 2024-03-31 05930870 2023-04-01 2024-03-31 05930870 frs-core:CurrentFinancialInstruments 2024-03-31 05930870 frs-core:BetweenOneFiveYears 2024-03-31 05930870 frs-core:ComputerEquipment 2024-03-31 05930870 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05930870 frs-core:ComputerEquipment 2023-03-31 05930870 frs-core:FurnitureFittings 2024-03-31 05930870 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05930870 frs-core:FurnitureFittings 2023-03-31 05930870 frs-core:MoreThanFiveYears 2024-03-31 05930870 frs-core:WithinOneYear 2024-03-31 05930870 frs-core:ShareCapital 2024-03-31 05930870 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05930870 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05930870 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05930870 frs-bus:SmallEntities 2023-04-01 2024-03-31 05930870 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05930870 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05930870 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05930870 frs-bus:OrdinaryShareClass1 2024-03-31 05930870 frs-bus:Director1 2023-04-01 2024-03-31 05930870 frs-bus:Director2 2023-04-01 2024-03-31 05930870 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05930870 frs-bus:CompanySecretary2 2023-04-01 2024-03-31 05930870 frs-countries:EnglandWales 2023-04-01 2024-03-31 05930870 2022-03-31 05930870 2023-03-31 05930870 2022-04-01 2023-03-31 05930870 frs-core:CurrentFinancialInstruments 2023-03-31 05930870 frs-core:BetweenOneFiveYears 2023-03-31 05930870 frs-core:MoreThanFiveYears 2023-03-31 05930870 frs-core:WithinOneYear 2023-03-31 05930870 frs-core:ShareCapital 2023-03-31 05930870 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05930870 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 05930870
Hub Transport Planning Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05930870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,037 10,219
7,037 10,219
CURRENT ASSETS
Debtors 5 259,169 155,930
Cash at bank and in hand 137,471 149,227
396,640 305,157
Creditors: Amounts Falling Due Within One Year 6 (133,890 ) (88,393 )
NET CURRENT ASSETS (LIABILITIES) 262,750 216,764
TOTAL ASSETS LESS CURRENT LIABILITIES 269,787 226,983
NET ASSETS 269,787 226,983
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 269,785 226,981
SHAREHOLDERS' FUNDS 269,787 226,983
Page 1
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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 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
James Parker
Director
13 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Hub Transport Planning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05930870 . The registered office is 4 Temple Row, Birmingham, B2 5HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are presented in Sterling (£), which is the functional currency of the company and are for the year ended 31 March 2024 (2023: year ended 31 March 2023).
The financial statements are prepared under the historical cost convention and in accordance with FRS 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 33.33% on cost
Computer Equipment 33.33% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
2.6. 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 year 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 asset reflects 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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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year were 8 (2023: 7)
8 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 10,265 7,745 18,010
Additions 120 2,234 2,354
As at 31 March 2024 10,385 9,979 20,364
Depreciation
As at 1 April 2023 2,476 5,315 7,791
Provided during the period 3,461 2,075 5,536
As at 31 March 2024 5,937 7,390 13,327
Net Book Value
As at 31 March 2024 4,448 2,589 7,037
As at 1 April 2023 7,789 2,430 10,219
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 249,314 154,460
Prepayments and accrued income 9,855 1,470
259,169 155,930
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,687 19,706
Corporation tax 57,322 19,313
Other taxes and social security 44,520 31,325
Other creditors 871 1,350
Accruals and deferred income 379 -
Directors' loan accounts 26,111 16,699
133,890 88,393
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7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 0.020 each 2 2
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 19,320 19,320
Later than one year and not later than five years 77,280 77,280
Later than five years 77,280 96,600
173,880 193,200
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