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 05530220 Mr Gavin Brown Mr Anthony Murphy Mr Colin Stacey Mr Christopher Smith Mr Anthony Murphy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05530220 2022-12-31 05530220 2023-12-31 05530220 2023-01-01 2023-12-31 05530220 frs-core:CurrentFinancialInstruments 2023-12-31 05530220 frs-core:Non-currentFinancialInstruments 2023-12-31 05530220 frs-core:BetweenOneFiveYears 2023-12-31 05530220 frs-core:ComputerEquipment 2023-12-31 05530220 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05530220 frs-core:ComputerEquipment 2022-12-31 05530220 frs-core:NetGoodwill 2023-12-31 05530220 frs-core:NetGoodwill 2023-01-01 2023-12-31 05530220 frs-core:NetGoodwill 2022-12-31 05530220 frs-core:MotorVehicles 2023-12-31 05530220 frs-core:MotorVehicles 2023-01-01 2023-12-31 05530220 frs-core:MotorVehicles 2022-12-31 05530220 frs-core:PlantMachinery 2023-12-31 05530220 frs-core:PlantMachinery 2023-01-01 2023-12-31 05530220 frs-core:PlantMachinery 2022-12-31 05530220 frs-core:WithinOneYear 2023-12-31 05530220 frs-core:ShareCapital 2023-12-31 05530220 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05530220 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05530220 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05530220 frs-bus:SmallEntities 2023-01-01 2023-12-31 05530220 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05530220 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05530220 frs-bus:Director1 2023-01-01 2023-12-31 05530220 frs-bus:Director1 2022-12-31 05530220 frs-bus:Director1 2023-12-31 05530220 frs-bus:Director2 2023-01-01 2023-12-31 05530220 frs-bus:Director2 2022-12-31 05530220 frs-bus:Director2 2023-12-31 05530220 frs-bus:Director3 2023-01-01 2023-12-31 05530220 frs-bus:Director4 2023-01-01 2023-12-31 05530220 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05530220 frs-core:CurrentFinancialInstruments 1 2023-12-31 05530220 frs-countries:EnglandWales 2023-01-01 2023-12-31 05530220 2021-12-31 05530220 2022-12-31 05530220 2022-01-01 2022-12-31 05530220 frs-core:CurrentFinancialInstruments 2022-12-31 05530220 frs-core:Non-currentFinancialInstruments 2022-12-31 05530220 frs-core:BetweenOneFiveYears 2022-12-31 05530220 frs-core:WithinOneYear 2022-12-31 05530220 frs-core:ShareCapital 2022-12-31 05530220 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05530220 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05530220
Hamilton Deed Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Staceys Accountants Limited
Chartered Accountants
Rivers Lodge
West Common
Harpenden
Herts
AL5 2JD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05530220
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 51,671 33,222
Tangible Assets 5 33,012 33,782
84,683 67,004
CURRENT ASSETS
Debtors 6 255,534 268,509
Cash at bank and in hand 2,514 -
258,048 268,509
Creditors: Amounts Falling Due Within One Year 7 (220,581 ) (198,405 )
NET CURRENT ASSETS (LIABILITIES) 37,467 70,104
TOTAL ASSETS LESS CURRENT LIABILITIES 122,150 137,108
Creditors: Amounts Falling Due After More Than One Year 8 (108,756 ) (156,476 )
NET ASSETS/(LIABILITIES) 13,394 (19,368 )
CAPITAL AND RESERVES
Called up share capital 10 13,000 13,000
Profit and Loss Account 394 (32,368 )
SHAREHOLDERS' FUNDS 13,394 (19,368)
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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 Anthony Murphy
Director
18 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hamilton Deed Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05530220 . The registered office is 124 City Road, London, EC1V 2NX.
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.
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.
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 the profit and loss account over its estimated economic life of five 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:
Plant & Machinery 3 years straight line
Motor Vehicles 4 years straight line
Computer Equipment 3 years straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 11 15
11 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 33,222
Additions 18,449
As at 31 December 2023 51,671
Net Book Value
As at 31 December 2023 51,671
As at 1 January 2023 33,222
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 8,600 44,877 28,948 82,425
Additions - 31,310 1,333 32,643
Disposals (8,600 ) (39,311 ) (5,220 ) (53,131 )
As at 31 December 2023 - 36,876 25,061 61,937
Depreciation
As at 1 January 2023 716 28,889 19,038 48,643
Provided during the period - 7,357 5,376 12,733
Disposals (716 ) (26,515 ) (5,220 ) (32,451 )
As at 31 December 2023 - 9,731 19,194 28,925
Net Book Value
As at 31 December 2023 - 27,145 5,867 33,012
As at 1 January 2023 7,884 15,988 9,910 33,782
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 123,952 133,113
Other debtors 24,107 33,288
Prepayments and accrued income 11,755 23,000
Corporation tax recoverable assets - 6,476
Directors' loan accounts 95,720 72,632
255,534 268,509
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,699 -
Trade creditors 45,487 64,833
Bank loans and overdrafts 4,910 21,745
Corporation tax 33,985 1,624
VAT 63,763 49,942
Other creditors and accruals 1,618 2,497
Bank loans (Current liabilities - creditors < 1 year) 63,119 57,764
220,581 198,405
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 15,399 -
Bank loans 93,357 156,476
108,756 156,476
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,699 -
Later than one year and not later than five years 15,399 -
23,098 -
23,098 -
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 13,000 13,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Gavin Brown 43,665 58,170 43,665 - 58,170
Mr Anthony Murphy 28,967 37,550 28,967 - 37,550
The above loans are unsecured, attract interest at the HMRC beneficial loan rate and were repaid after the year end.
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