Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09228368 Mr D Hargreaves Mr J Cook Mr J Proctor Mrs J Hunt Mr L Pritchett Mr A Chapman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09228368 2022-12-31 09228368 2023-12-31 09228368 2023-01-01 2023-12-31 09228368 frs-core:CurrentFinancialInstruments 2023-12-31 09228368 frs-core:Non-currentFinancialInstruments 2023-12-31 09228368 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09228368 frs-core:FurnitureFittings 2023-12-31 09228368 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09228368 frs-core:FurnitureFittings 2022-12-31 09228368 frs-core:NetGoodwill 2023-12-31 09228368 frs-core:NetGoodwill 2023-01-01 2023-12-31 09228368 frs-core:NetGoodwill 2022-12-31 09228368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09228368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09228368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 09228368 frs-core:MotorVehicles 2023-12-31 09228368 frs-core:MotorVehicles 2023-01-01 2023-12-31 09228368 frs-core:MotorVehicles 2022-12-31 09228368 frs-core:ShareCapital 2023-12-31 09228368 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09228368 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09228368 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09228368 frs-bus:SmallEntities 2023-01-01 2023-12-31 09228368 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09228368 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09228368 frs-bus:Director1 2023-01-01 2023-12-31 09228368 frs-bus:Director2 2023-01-01 2023-12-31 09228368 frs-bus:Director3 2023-01-01 2023-12-31 09228368 frs-bus:Director4 2023-01-01 2023-12-31 09228368 frs-bus:Director5 2023-01-01 2023-12-31 09228368 frs-bus:Director6 2023-01-01 2023-12-31 09228368 frs-countries:EnglandWales 2023-01-01 2023-12-31 09228368 2021-12-31 09228368 2022-12-31 09228368 2022-01-01 2022-12-31 09228368 frs-core:CurrentFinancialInstruments 2022-12-31 09228368 frs-core:Non-currentFinancialInstruments 2022-12-31 09228368 frs-core:ShareCapital 2022-12-31 09228368 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09228368
Fhp Living Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09228368
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 550,000 600,000
Tangible Assets 4 116,713 122,776
666,713 722,776
CURRENT ASSETS
Debtors 5 221,375 174,691
Cash at bank and in hand 209,457 417,038
430,832 591,729
Creditors: Amounts Falling Due Within One Year 6 (309,078 ) (392,557 )
NET CURRENT ASSETS (LIABILITIES) 121,754 199,172
TOTAL ASSETS LESS CURRENT LIABILITIES 788,467 921,948
Creditors: Amounts Falling Due After More Than One Year 7 (33,206 ) (143,741 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,742 ) (21,611 )
NET ASSETS 734,519 756,596
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 734,419 756,496
SHAREHOLDERS' FUNDS 734,519 756,596
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For the year ending 31 December 2023 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
Mr J Proctor
Director
25/06/2024
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
The turnover shown in the profit and loss account comprises commission income and other fees from selling, letting and managing property and management fees generally.
1.3. 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 20 years.
1.4. 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:
Leasehold 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% RB, 20%,25%, 33% SL
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 41 (2022: 44)
41 44
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3. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 1,000,000
As at 31 December 2023 1,000,000
Amortisation
As at 1 January 2023 400,000
Provided during the period 50,000
As at 31 December 2023 450,000
Net Book Value
As at 31 December 2023 550,000
As at 1 January 2023 600,000
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 109,969 13,000 156,839 279,808
Additions 5,620 - 15,175 20,795
Disposals - - (2,584 ) (2,584 )
As at 31 December 2023 115,589 13,000 169,430 298,019
Depreciation
As at 1 January 2023 42,503 7,675 106,854 157,032
Provided during the period 9,423 1,065 13,786 24,274
As at 31 December 2023 51,926 8,740 120,640 181,306
Net Book Value
As at 31 December 2023 63,663 4,260 48,790 116,713
As at 1 January 2023 67,466 5,325 49,985 122,776
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 174,936 122,725
Prepayments and accrued income 46,416 50,175
Other debtors 23 1,791
221,375 174,691
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 127,075 56,866
Corporation tax 12,967 37,428
Other taxes and social security 59,007 62,366
VAT 86,598 103,930
Other creditors 263 90,734
Accruals and deferred income 23,168 41,233
309,078 392,557
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,206 42,896
Directors loan account - 100,845
33,206 143,741
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. General Information
Fhp Living Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09228368 . The registered office is 10 Oxford Street, Nottingham, NG1 5BG.
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