Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 30 March 2022 false 1 April 2023 31 March 2024 31 March 2024 01602045 Mr James Littlewood Mrs Sheila Littlewood Mrs Nicola Tiley Mr Daniel Tiley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01602045 2023-03-31 01602045 2024-03-31 01602045 2023-04-01 2024-03-31 01602045 frs-core:CurrentFinancialInstruments 2024-03-31 01602045 frs-core:ComputerEquipment 2024-03-31 01602045 frs-core:ComputerEquipment 2023-04-01 2024-03-31 01602045 frs-core:ComputerEquipment 2023-03-31 01602045 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 01602045 frs-core:FurnitureFittings 2024-03-31 01602045 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01602045 frs-core:FurnitureFittings 2023-03-31 01602045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 01602045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01602045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01602045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 01602045 frs-core:MotorVehicles 2023-04-01 2024-03-31 01602045 frs-core:OtherResidualIntangibleAssets 2024-03-31 01602045 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 01602045 frs-core:OtherResidualIntangibleAssets 2023-03-31 01602045 frs-core:PlantMachinery 2023-04-01 2024-03-31 01602045 frs-core:ShareCapital 2024-03-31 01602045 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01602045 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01602045 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01602045 frs-bus:SmallEntities 2023-04-01 2024-03-31 01602045 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01602045 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01602045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01602045 frs-core:ListedExchangeTraded 2024-03-31 01602045 frs-core:ListedExchangeTraded 2023-03-31 01602045 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 01602045 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 01602045 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 01602045 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 01602045 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 01602045 frs-bus:Director1 2023-04-01 2024-03-31 01602045 frs-bus:Director2 2023-04-01 2024-03-31 01602045 frs-bus:Director3 2023-04-01 2024-03-31 01602045 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01602045 frs-core:CurrentFinancialInstruments 1 2024-03-31 01602045 frs-core:CurrentFinancialInstruments 2 2024-03-31 01602045 frs-core:CurrentFinancialInstruments 3 2024-03-31 01602045 frs-core:CurrentFinancialInstruments 6 2024-03-31 01602045 frs-core:CurrentFinancialInstruments 9 2024-03-31 01602045 frs-countries:EnglandWales 2023-04-01 2024-03-31 01602045 2022-03-29 01602045 2023-03-31 01602045 2022-03-30 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 2023-03-31 01602045 frs-core:Non-currentFinancialInstruments 2023-03-31 01602045 frs-core:ShareCapital 2023-03-31 01602045 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01602045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 1 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 2 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 3 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 5 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 6 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 8 2023-03-31 01602045 frs-core:CurrentFinancialInstruments 9 2023-03-31
Registered number: 01602045
Handshake Limited
Financial Statements
For The Year Ended 31 March 2024
Thomas & Co International Limited
1 Holly House
Uppermill
Oldham
Greater Manchester
OL3 6LZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01602045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,250 -
Tangible Assets 5 13,658 10,297
14,908 10,297
CURRENT ASSETS
Debtors 7 477,480 446,937
Cash at bank and in hand 1,077,212 564,085
1,554,692 1,011,022
Creditors: Amounts Falling Due Within One Year 8 (681,758 ) (389,086 )
NET CURRENT ASSETS (LIABILITIES) 872,934 621,936
TOTAL ASSETS LESS CURRENT LIABILITIES 887,842 632,233
NET ASSETS 887,842 632,233
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve - (11,429 )
Profit and Loss Account 887,742 643,562
SHAREHOLDERS' FUNDS 887,842 632,233
Page 1
Page 2
For the year ending 31 March 2024 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 James Littlewood
Director
07/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Handshake Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01602045 . The registered office is 2 Holly House, Mill Street, Uppermill, Oldham, OL3 6LZ.
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 amortised on a straight line basis.It is amortised to profit and loss account over its estimated economic life of 3 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:
Freehold 33.3% reducing balance
Leasehold 33.3% reducing balance
Plant & Machinery 33.3% reducing balance
Motor Vehicles 33.3% reducing balance
Fixtures & Fittings 33.3% reducing balance
Computer Equipment 33.3% reducing balance
2.5. 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.
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 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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: 6 (2023: 6)
6 6
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 6,023
Additions 2,489
As at 31 March 2024 8,512
Amortisation
As at 1 April 2023 6,023
Provided during the period 1,239
As at 31 March 2024 7,262
Net Book Value
As at 31 March 2024 1,250
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 10,717 3,078 43,736 57,531
Additions - 447 8,122 8,569
As at 31 March 2024 10,717 3,525 51,858 66,100
Depreciation
As at 1 April 2023 10,710 3,048 33,476 47,234
Provided during the period 7 179 5,022 5,208
As at 31 March 2024 10,717 3,227 38,498 52,442
Net Book Value
As at 31 March 2024 - 298 13,360 13,658
As at 1 April 2023 7 30 10,260 10,297
Page 4
Page 5
6. Investments
Listed
£
Cost
As at 1 April 2023 -
Additions -
As at 31 March 2024 -
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 394,136 92,252
Prepayments and accrued income 83,344 322,789
Other debtors - 2,351
Other taxes and social security - 13,259
477,480 430,651
Due after more than one year
Corporation tax recoverable assets - 16,286
477,480 446,937
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 78,599 109,377
Corporation tax 130,391 129,713
Other taxes and social security 97 -
VAT 211,863 12,076
Net wages 46 -
Other creditors 8,721 122,713
Charity takings 727 6,955
D Tiley credit cards 38,927 6,242
Nashville Merchandise control account (2,717 ) (939 )
I Curran credit cards - 204
S Littlewood credit cards 10,400 2,493
N Tiley credit cards - 305
Pensions payable 459 (53 )
...CONTINUED
Page 5
Page 6
Accruals and deferred income 146,369 -
Performing rights society allowance 7,613 -
Directors' loan accounts 50,263 -
681,758 389,086
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6