Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06936206 Mr James Dawson Mr Kevin Coetzee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06936206 2022-12-31 06936206 2023-12-31 06936206 2023-01-01 2023-12-31 06936206 frs-core:CurrentFinancialInstruments 2023-12-31 06936206 frs-core:Non-currentFinancialInstruments 2023-12-31 06936206 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 06936206 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06936206 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06936206 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 06936206 frs-core:OtherResidualIntangibleAssets 2023-12-31 06936206 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 06936206 frs-core:OtherResidualIntangibleAssets 2022-12-31 06936206 frs-core:PlantMachinery 2023-12-31 06936206 frs-core:PlantMachinery 2023-01-01 2023-12-31 06936206 frs-core:PlantMachinery 2022-12-31 06936206 frs-core:SharePremium 2023-12-31 06936206 frs-core:ShareCapital 2023-12-31 06936206 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06936206 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06936206 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06936206 frs-bus:SmallEntities 2023-01-01 2023-12-31 06936206 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06936206 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06936206 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06936206 frs-core:UnlistedNon-exchangeTraded 2022-12-31 06936206 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 06936206 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06936206 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 06936206 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06936206 frs-bus:Director1 2023-01-01 2023-12-31 06936206 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06936206 frs-countries:EnglandWales 2023-01-01 2023-12-31 06936206 2021-12-31 06936206 2022-12-31 06936206 2022-01-01 2022-12-31 06936206 frs-core:CurrentFinancialInstruments 2022-12-31 06936206 frs-core:Non-currentFinancialInstruments 2022-12-31 06936206 frs-core:SharePremium 2022-12-31 06936206 frs-core:ShareCapital 2022-12-31 06936206 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06936206
Humble Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
ETC Finance LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06936206
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 52,930 14,659
Tangible Assets 5 931,719 1,128,011
Investments 6 34,092 34,092
1,018,741 1,176,762
CURRENT ASSETS
Stocks 7 1,081,720 829,050
Debtors 8 1,031,427 1,297,269
Cash at bank and in hand 1,173,639 1,045,550
3,286,786 3,171,869
Creditors: Amounts Falling Due Within One Year 9 (1,208,463 ) (1,321,154 )
NET CURRENT ASSETS (LIABILITIES) 2,078,323 1,850,715
TOTAL ASSETS LESS CURRENT LIABILITIES 3,097,064 3,027,477
Creditors: Amounts Falling Due After More Than One Year 10 (225,000 ) (33,303 )
NET ASSETS 2,872,064 2,994,174
CAPITAL AND RESERVES
Called up share capital 11 2,363 2,363
Share premium account 2,619,359 2,619,359
Profit and Loss Account 250,342 372,452
SHAREHOLDERS' FUNDS 2,872,064 2,994,174
Page 1
Page 2
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 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 James Dawson
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Humble Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06936206 . The registered office is 1 St Bride's Passage, London, EC4Y 8EJ.
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 - Other Intangible
Other intangible assets are .... 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:
Leasehold 10% on cost
Plant & Machinery 20% on cost
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 75 (2022: 92)
75 92
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 14,659
Additions 38,271
As at 31 December 2023 52,930
Net Book Value
As at 31 December 2023 52,930
As at 1 January 2023 14,659
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 1,889,755 567,853 2,457,608
Additions 7,453 41,368 48,821
As at 31 December 2023 1,897,208 609,221 2,506,429
Depreciation
As at 1 January 2023 903,825 425,772 1,329,597
Provided during the period 176,511 68,602 245,113
As at 31 December 2023 1,080,336 494,374 1,574,710
Net Book Value
As at 31 December 2023 816,872 114,847 931,719
As at 1 January 2023 985,930 142,081 1,128,011
6. Investments
Unlisted
£
Cost
As at 1 January 2023 34,092
As at 31 December 2023 34,092
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 34,092
As at 1 January 2023 34,092
Page 4
Page 5
7. Stocks
2023 2022
£ £
Finished goods 1,081,720 829,050
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 87,782 111,079
Other debtors 943,645 1,186,190
1,031,427 1,297,269
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 528,856 601,919
Bank loans and overdrafts 100,000 385,817
Other creditors 291,790 32,920
Taxation and social security 287,817 300,498
1,208,463 1,321,154
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 225,000 33,303
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,363 2,363
Page 5