Acorah Software Products - Accounts Production 15.0.600 false true true false 3 April 2023 30 June 2024 30 June 2024 14777201 Mr Paresh Manu Jethwa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14777201 2023-04-02 14777201 2024-06-30 14777201 2023-04-03 2024-06-30 14777201 frs-core:CurrentFinancialInstruments 2024-06-30 14777201 frs-core:ShareCapital 2024-06-30 14777201 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14777201 frs-bus:PrivateLimitedCompanyLtd 2023-04-03 2024-06-30 14777201 frs-bus:FilletedAccounts 2023-04-03 2024-06-30 14777201 frs-bus:SmallEntities 2023-04-03 2024-06-30 14777201 frs-bus:AuditExempt-NoAccountantsReport 2023-04-03 2024-06-30 14777201 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-03 2024-06-30 14777201 frs-bus:Director1 2023-04-03 2024-06-30 14777201 frs-countries:EnglandWales 2023-04-03 2024-06-30
Registered number: 14777201
Studio@HG Ltd
Unaudited Financial Statements
For the Period 3 April 2023 to 30 June 2024
Strategic Partnership
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14777201
30 June 2024
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 195
195
Creditors: Amounts Falling Due Within One Year 4 (18,961 )
NET CURRENT ASSETS (LIABILITIES) (18,766 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,766 )
NET LIABILITIES (18,766 )
CAPITAL AND RESERVES
Called up share capital 5 100
Income Statement (18,866 )
SHAREHOLDERS' FUNDS (18,766)
For the period ending 30 June 2024 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 Income Statement.
On behalf of the board
Mr Paresh Manu Jethwa
Director
4 October 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Studio@HG Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14777201 . The registered office is 74 Turnmill Avenue, Springfield, Milton Keynes, England, MK6 3JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
These financial statements for the period ended 30 June 2024 are the first financial statements of Studio@HG Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 3 April 2023.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.6. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Other taxes and social security 2,514
Accruals and deferred income 1,900
Director's loan account 14,547
18,961
Page 2
Page 3
5. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 100
During the period, the company issued 70 Ordinary Shares, 10 Ordinary A Shares, 10 Ordinary B Shares, and 10 Ordinary C Shares for the nominal value of £1 per share. As at 30 June 2024 there are 70 Ordinary Shares, 10 Ordinary A Shares, 10 Ordinary B Shares, and 10 Ordinary C Shares in issue.
6. Related Party Transactions
As at 30 June 2024, the Directors Loan Account balance of Mr Paresh Manu Jethwa was £14,547. This is a current liability, interest free and repayable on demand.
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