Acorah Software Products - Accounts Production 15.0.400 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 10899080 D J Fitzpatrick true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10899080 2022-08-31 10899080 2023-08-31 10899080 2022-09-01 2023-08-31 10899080 frs-core:CurrentFinancialInstruments 2023-08-31 10899080 frs-core:Non-currentFinancialInstruments 2023-08-31 10899080 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 10899080 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 10899080 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-31 10899080 frs-core:PlantMachinery 2023-08-31 10899080 frs-core:PlantMachinery 2022-09-01 2023-08-31 10899080 frs-core:PlantMachinery 2022-08-31 10899080 frs-core:ShareCapital 2023-08-31 10899080 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10899080 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10899080 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10899080 frs-bus:SmallEntities 2022-09-01 2023-08-31 10899080 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10899080 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10899080 1 2022-09-01 2023-08-31 10899080 frs-bus:Director1 2022-09-01 2023-08-31 10899080 frs-bus:Director1 2022-08-31 10899080 frs-bus:Director1 2023-08-31 10899080 frs-countries:EnglandWales 2022-09-01 2023-08-31 10899080 2021-08-31 10899080 2022-08-31 10899080 2021-09-01 2022-08-31 10899080 frs-core:CurrentFinancialInstruments 2022-08-31 10899080 frs-core:Non-currentFinancialInstruments 2022-08-31 10899080 frs-core:ShareCapital 2022-08-31 10899080 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10899080
Highlander Controls Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10899080
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 13,086 17,710
13,086 17,710
CURRENT ASSETS
Stocks 4 6,500 15,750
Debtors 5 201,199 209,486
Cash at bank and in hand 8,781 2,076
216,480 227,312
Creditors: Amounts Falling Due Within One Year 6 (236,909 ) (185,183 )
NET CURRENT ASSETS (LIABILITIES) (20,429 ) 42,129
TOTAL ASSETS LESS CURRENT LIABILITIES (7,343 ) 59,839
Creditors: Amounts Falling Due After More Than One Year 7 (20,125 ) (47,421 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,487 ) (3,365 )
NET (LIABILITIES)/ASSETS (29,955 ) 9,053
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (30,055 ) 8,953
SHAREHOLDERS' FUNDS (29,955) 9,053
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Page 2
For the year ending 31 August 2023 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 her 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
D J Fitzpatrick
Director
20 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The Directors are of the opinion that the company is a going concern. 
1.3. 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 and sale of goods. 
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.
Sale of goods
Turnover from the sale of goods is recognised when the risks and rewards of ownership pass to the customer and the company retains no control over the goods.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold 10% straight line
Plant & Machinery 20% & 33.33% straight line
1.5. Leasing and Hire Purchase Contracts
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
1.6. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
1.7. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
1.8. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
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1.9. 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.
1.10. 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.
1.11. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 4)
2 4
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2022 13,812 26,767 40,579
Additions - 354 354
As at 31 August 2023 13,812 27,121 40,933
Depreciation
As at 1 September 2022 2,754 20,115 22,869
Provided during the period 1,382 3,596 4,978
As at 31 August 2023 4,136 23,711 27,847
Net Book Value
As at 31 August 2023 9,676 3,410 13,086
As at 1 September 2022 11,058 6,652 17,710
4. Stocks
2023 2022
as restated
£ £
Stock - materials 6,500 11,500
Stock - work in progress - 4,250
6,500 15,750
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Page 5
5. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 65,849 149,051
Other debtors 135,350 60,435
201,199 209,486
6. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 61,205 65,031
Bank loans and overdrafts 39,818 9,532
Other creditors 5,736 6,100
Taxation and social security 130,150 104,520
236,909 185,183
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans 20,125 47,421
20,125 47,421
8. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Other
2023 2022
£ £
Within 1 year 7,400 12,500
7,400 12,500
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mrs Denise Fitzpatrick (17 ) 60,529 - - 60,512
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
D J Fitzpatrick
The above is a related party by virtue of being the director.
During the year, the director incurred expenses on behalf of the company and drew against her account. At the balance sheet date, she owed £60,512 (2022: was owed £17) to the company.
No interest has been charged on this loan during the period.
I McArthur
The above is a related party by virtue of being a shareholder of the company.
During the year the related party incurred expenses on behalf of the company drew monies against his loan account.
At the balance sheet date the party was owed £2,586 (2022: owed £473) from the company.
No interest has been charged on this loan during the period.
12. Ultimate Controlling Party
The ultimate controlling party are the shareholders by virtue of their equal shareholding of the issued share capital in the company.
13. General Information
Highlander Controls Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10899080 . The registered office is Hoddesdon Enterprise Centre, Pindar Road, Hoddesdon, Hertfordshire, EN11 0FJ.
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