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 09276763 Mr B S Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09276763 2022-12-31 09276763 2023-12-31 09276763 2023-01-01 2023-12-31 09276763 frs-core:CurrentFinancialInstruments 2023-12-31 09276763 frs-core:Non-currentFinancialInstruments 2023-12-31 09276763 frs-core:ComputerEquipment 2023-12-31 09276763 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09276763 frs-core:ComputerEquipment 2022-12-31 09276763 frs-core:FurnitureFittings 2023-12-31 09276763 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09276763 frs-core:FurnitureFittings 2022-12-31 09276763 frs-core:MotorVehicles 2023-12-31 09276763 frs-core:MotorVehicles 2023-01-01 2023-12-31 09276763 frs-core:MotorVehicles 2022-12-31 09276763 frs-core:ShareCapital 2023-12-31 09276763 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09276763 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09276763 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09276763 frs-bus:SmallEntities 2023-01-01 2023-12-31 09276763 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09276763 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09276763 frs-bus:Director1 2023-01-01 2023-12-31 09276763 frs-countries:EnglandWales 2023-01-01 2023-12-31 09276763 2021-12-31 09276763 2022-12-31 09276763 2022-01-01 2022-12-31 09276763 frs-core:CurrentFinancialInstruments 2022-12-31 09276763 frs-core:Non-currentFinancialInstruments 2022-12-31 09276763 frs-core:ShareCapital 2022-12-31 09276763 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09276763
The Data Analysis Hub Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Stevens Taxation Services Ltd
22 Hollyhedge Road
West Bromwich
West Midlands
B71 3AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09276763
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,976 10,043
7,976 10,043
CURRENT ASSETS
Stocks 5 12,947 13,661
Debtors 6 150,086 112,834
Cash at bank and in hand 146,841 97,061
309,874 223,556
Creditors: Amounts Falling Due Within One Year 7 (176,719 ) (125,411 )
NET CURRENT ASSETS (LIABILITIES) 133,155 98,145
TOTAL ASSETS LESS CURRENT LIABILITIES 141,131 108,188
Creditors: Amounts Falling Due After More Than One Year 8 (59,045 ) (73,850 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,516 ) -
NET ASSETS 80,570 34,338
CAPITAL AND RESERVES
Called up share capital 9 215 215
Profit and Loss Account 80,355 34,123
SHAREHOLDERS' FUNDS 80,570 34,338
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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 B S Lowe
Director
19 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Data Analysis Hub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09276763 . The registered office is First Floor, 1 The Courtyard, 707 Warwick Road, Solihull, West Midlands, B91 3DA.
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:
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 25% reducing balance
2.4. 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. 
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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
5 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 11,600 2,833 6,504 20,937
Additions - 1,034 1,233 2,267
As at 31 December 2023 11,600 3,867 7,737 23,204
Depreciation
As at 1 January 2023 7,492 319 3,083 10,894
Provided during the period 2,900 476 958 4,334
As at 31 December 2023 10,392 795 4,041 15,228
Net Book Value
As at 31 December 2023 1,208 3,072 3,696 7,976
As at 1 January 2023 4,108 2,514 3,421 10,043
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5. Stocks
2023 2022
£ £
Finished goods 12,947 13,661
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 148,908 111,360
Amounts owed by participating interests 33 -
Other debtors 1,145 1,474
150,086 112,834
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 95,597 71,918
Bank loans and overdrafts 4,807 4,689
Other loans 9,995 9,057
Other creditors 1,227 3,649
Taxation and social security 65,093 36,098
176,719 125,411
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 28,165 32,975
Other loans 30,880 40,875
59,045 73,850
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 215 215
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