Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05876580 Mr G Hawkridge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05876580 2022-07-31 05876580 2023-07-31 05876580 2022-08-01 2023-07-31 05876580 frs-core:CurrentFinancialInstruments 2023-07-31 05876580 frs-core:Non-currentFinancialInstruments 2023-07-31 05876580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 05876580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05876580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 05876580 frs-core:MotorVehicles 2023-07-31 05876580 frs-core:MotorVehicles 2022-08-01 2023-07-31 05876580 frs-core:MotorVehicles 2022-07-31 05876580 frs-core:PlantMachinery 2023-07-31 05876580 frs-core:PlantMachinery 2022-08-01 2023-07-31 05876580 frs-core:PlantMachinery 2022-07-31 05876580 frs-core:ShareCapital 2023-07-31 05876580 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05876580 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05876580 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05876580 frs-bus:SmallEntities 2022-08-01 2023-07-31 05876580 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05876580 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05876580 frs-bus:Director1 2022-08-01 2023-07-31 05876580 frs-countries:EnglandWales 2022-08-01 2023-07-31 05876580 2021-07-31 05876580 2022-07-31 05876580 2021-08-01 2022-07-31 05876580 frs-core:CurrentFinancialInstruments 2022-07-31 05876580 frs-core:Non-currentFinancialInstruments 2022-07-31 05876580 frs-core:ShareCapital 2022-07-31 05876580 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05876580
HAZZYDAYZ LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2023
CIGMA ACCOUNTING LTD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05876580
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 129,461 137,930
129,461 137,930
CURRENT ASSETS
Stocks 4 55,000 49,650
Debtors 5 60,400 14,094
Cash at bank and in hand 10,010 14,669
125,410 78,413
Creditors: Amounts Falling Due Within One Year 6 (67,360 ) (73,382 )
NET CURRENT ASSETS (LIABILITIES) 58,050 5,031
TOTAL ASSETS LESS CURRENT LIABILITIES 187,511 142,961
Creditors: Amounts Falling Due After More Than One Year 7 (34,325 ) (53,324 )
NET ASSETS 153,186 89,637
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 153,086 89,537
SHAREHOLDERS' FUNDS 153,186 89,637
Page 1
Page 2
For the year ending 31 July 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 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 G Hawkridge
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
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. 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.
1.3. 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:
Freehold 0%
Plant & Machinery Straight line over 8 years
Motor Vehicles 20% reducing balance
1.4. 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.
1.5. 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 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.
Page 3
Page 4
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 9 (2022: 9)
9 9
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 August 2022 114,491 37,288 50,456 202,235
As at 31 July 2023 114,491 37,288 50,456 202,235
Depreciation
As at 1 August 2022 - 32,562 31,743 64,305
Provided during the period - 4,726 3,743 8,469
As at 31 July 2023 - 37,288 35,486 72,774
Net Book Value
As at 31 July 2023 114,491 - 14,970 129,461
As at 1 August 2022 114,491 4,726 18,713 137,930
4. Stocks
2023 2022
£ £
Finished goods 55,000 49,650
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,365 4,767
Other debtors 49,735 9,327
Net wages 300 -
60,400 14,094
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16,824 5,029
Bank loans and overdrafts 9,999 9,751
Corporation tax 20,880 15,890
Other taxes and social security 28 -
VAT 19,542 15,879
Director's loan account 87 26,833
67,360 73,382
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,847 29,846
Other loans 14,478 23,478
34,325 53,324
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. General Information
HAZZYDAYZ LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05876580 . The registered office is Unit 5 Sharose Court, Hicks Road, Markyate, St Albans, AL3 8JH.
Page 5