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 05170982 Mr Hanif SULEMAN Mr Yasin HAROON Mr Yasin HAROON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05170982 2022-12-31 05170982 2023-12-31 05170982 2023-01-01 2023-12-31 05170982 frs-core:CurrentFinancialInstruments 2023-12-31 05170982 frs-core:FurnitureFittings 2023-12-31 05170982 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05170982 frs-core:FurnitureFittings 2022-12-31 05170982 frs-core:ShareCapital 2023-12-31 05170982 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05170982 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05170982 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05170982 frs-bus:SmallEntities 2023-01-01 2023-12-31 05170982 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05170982 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05170982 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05170982 frs-core:UnlistedNon-exchangeTraded 2022-12-31 05170982 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 05170982 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05170982 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 05170982 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05170982 frs-bus:Director1 2023-01-01 2023-12-31 05170982 frs-bus:Director2 2023-01-01 2023-12-31 05170982 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05170982 frs-core:CurrentFinancialInstruments 1 2023-12-31 05170982 frs-core:CurrentFinancialInstruments 2 2023-12-31 05170982 frs-countries:EnglandWales 2023-01-01 2023-12-31 05170982 2021-12-31 05170982 2022-12-31 05170982 2022-01-01 2022-12-31 05170982 frs-core:CurrentFinancialInstruments 2022-12-31 05170982 frs-core:ShareCapital 2022-12-31 05170982 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05170982 frs-core:CurrentFinancialInstruments 1 2022-12-31 05170982 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 05170982
Harson Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Astar Business Advisors Limited
ACCA
The Grange
1 Central Road
Morden
SM4 5PQ
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
In accordance with the engagement letter dated 31 December 2023, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Astar Business Advisors Ltd
10/09/2024
Astar Business Advisors Limited
ACCA
The Grange
1 Central Road
Morden
SM4 5PQ
Page 1
Page 2
Balance Sheet
Registered number: 05170982
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 118 157
Investments 5 750,000 750,000
750,118 750,157
CURRENT ASSETS
Debtors 6 1,900 1,900
Cash at bank and in hand 415,898 342,936
417,798 344,836
Creditors: Amounts Falling Due Within One Year 7 (564,733 ) (521,307 )
NET CURRENT ASSETS (LIABILITIES) (146,935 ) (176,471 )
TOTAL ASSETS LESS CURRENT LIABILITIES 603,183 573,686
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,274 ) (33,274 )
NET ASSETS 569,909 540,412
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 569,907 540,410
SHAREHOLDERS' FUNDS 569,909 540,412
Page 2
Page 3
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 Hanif SULEMAN
Director
Mr Yasin HAROON
Director
10/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Harson Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05170982 . The registered office is 291A Northborough Road, London, SW16 4TR.
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. 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:
Fixtures & Fittings 25% RBM
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 13,747
As at 31 December 2023 13,747
Depreciation
As at 1 January 2023 13,590
Provided during the period 39
As at 31 December 2023 13,629
Net Book Value
As at 31 December 2023 118
As at 1 January 2023 157
5. Investments
Unlisted
£
Cost
As at 1 January 2023 750,000
As at 31 December 2023 750,000
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 750,000
As at 1 January 2023 750,000
6. Debtors
2023 2022
£ £
Due within one year
Rent Deposit Account (DPS) 1,900 1,900
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 8,718 12,919
Other creditors 441,019 324,720
Hanif Suleman Current Account 55,591 90,557
Yaseen Haroon Current Account 55,805 91,311
Accruals and deferred income 3,600 1,800
564,733 521,307
Page 5
Page 6
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
The entity is owned & controlled by Directors / shareholders.
Page 6