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 06054058 Miss Silvana Esposito Mr Jonathan Lee-Kemp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06054058 2023-03-31 06054058 2024-03-31 06054058 2023-04-01 2024-03-31 06054058 frs-core:CurrentFinancialInstruments 2024-03-31 06054058 frs-core:Non-currentFinancialInstruments 2024-03-31 06054058 frs-core:ComputerEquipment 2024-03-31 06054058 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06054058 frs-core:ComputerEquipment 2023-03-31 06054058 frs-core:FurnitureFittings 2024-03-31 06054058 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06054058 frs-core:FurnitureFittings 2023-03-31 06054058 frs-core:NetGoodwill 2024-03-31 06054058 frs-core:NetGoodwill 2023-04-01 2024-03-31 06054058 frs-core:NetGoodwill 2023-03-31 06054058 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06054058 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06054058 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 06054058 frs-core:PlantMachinery 2024-03-31 06054058 frs-core:PlantMachinery 2023-04-01 2024-03-31 06054058 frs-core:PlantMachinery 2023-03-31 06054058 frs-core:ShareCapital 2024-03-31 06054058 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06054058 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06054058 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06054058 frs-bus:SmallEntities 2023-04-01 2024-03-31 06054058 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06054058 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06054058 frs-bus:Director1 2023-04-01 2024-03-31 06054058 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06054058 frs-countries:EnglandWales 2023-04-01 2024-03-31 06054058 2022-03-31 06054058 2023-03-31 06054058 2022-04-01 2023-03-31 06054058 frs-core:CurrentFinancialInstruments 2023-03-31 06054058 frs-core:Non-currentFinancialInstruments 2023-03-31 06054058 frs-core:ShareCapital 2023-03-31 06054058 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06054058
Headquarters (Sevenoaks) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06054058
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 30,344 30,546
30,344 30,546
CURRENT ASSETS
Stocks 6 150 150
Debtors 7 17,327 -
Cash at bank and in hand 78,846 64,040
96,323 64,190
Creditors: Amounts Falling Due Within One Year 8 (48,728 ) (36,863 )
NET CURRENT ASSETS (LIABILITIES) 47,595 27,327
TOTAL ASSETS LESS CURRENT LIABILITIES 77,939 57,873
Creditors: Amounts Falling Due After More Than One Year 9 (8,967 ) (12,948 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,644 ) (5,804 )
NET ASSETS 62,328 39,121
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 62,318 39,111
SHAREHOLDERS' FUNDS 62,328 39,121
Page 1
Page 2
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 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
Miss Silvana Esposito
Director
27/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Headquarters (Sevenoaks) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06054058 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.5. 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.
2.6. 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 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 40,550
As at 31 March 2024 40,550
Amortisation
As at 1 April 2023 40,550
As at 31 March 2024 40,550
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 23,700 14,727 10,636 3,275 52,338
Additions - 703 269 - 972
As at 31 March 2024 23,700 15,430 10,905 3,275 53,310
Depreciation
As at 1 April 2023 - 12,591 7,401 1,800 21,792
Provided during the period - 426 526 222 1,174
As at 31 March 2024 - 13,017 7,927 2,022 22,966
...CONTINUED
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Net Book Value
As at 31 March 2024 23,700 2,413 2,978 1,253 30,344
As at 1 April 2023 23,700 2,136 3,235 1,475 30,546
6. Stocks
2024 2023
£ £
Stock 150 150
7. Debtors
2024 2023
£ £
Due within one year
Director's loan account 17,327 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,300 1,110
Corporation tax 39,457 29,639
VAT 2,901 -
Other creditors 5,070 5,605
Director's loan account - 509
48,728 36,863
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,967 12,948
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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12. Related Party Transactions
Included in the Other Debitors is an amount owed to the company director Ms Silvana Esposito totalling £17,327 (2023 - £509 Creditor), no interest is to be charged.
Page 6