Acorah Software Products - Accounts Production 15.0.600 false true false 1 February 2023 31 January 2024 31 January 2024 SC415015 Mr Frederick Olatunde Awote iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC415015 2023-01-31 SC415015 2024-01-31 SC415015 2023-02-01 2024-01-31 SC415015 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC415015 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC415015 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC415015 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC415015 frs-core:ShareCapital 2024-01-31 SC415015 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC415015 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC415015 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 SC415015 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC415015 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC415015 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC415015 frs-core:CostValuation 2023-01-31 SC415015 frs-core:CostValuation 2024-01-31 SC415015 frs-bus:Director1 2023-02-01 2024-01-31 SC415015 frs-countries:Scotland 2023-02-01 2024-01-31
Registered number: SC415015
Harmonie Ventures Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Airton Broomhill Consulting
ACCA
88 Pittodrie Place
Aberdeen
AB24 5QT
Contents
Page
Company Information 1
Accountant's Report 2
Abridged Balance Sheet 3—4
Notes to the Abridged Financial Statements 5—6
Page 1
Company Information
Director Mr Frederick Olatunde Awote
Company Number SC415015
Registered Office 20 Lochinch Park
Cove-Bay
Aberdeen
AB12 3RF
Accountants Airton Broomhill Consulting
ACCA
88 Pittodrie Place
Aberdeen
AB24 5QT
Page 1
Page 2
Accountant's Report
In accordance with the engagement letter dated , 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 director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director 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 director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 January 2024 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
23/10/2024
Airton Broomhill Consulting
ACCA
88 Pittodrie Place
Aberdeen
AB24 5QT
Page 2
Page 3
Abridged Balance Sheet
Registered number: SC415015
2024
Notes £ £
FIXED ASSETS
Tangible Assets 5 8,601
Investments 6 3,698
12,299
CURRENT ASSETS
Stocks 20,000
Debtors 2,481
Cash at bank and in hand 50,592
73,073
Creditors: Amounts Falling Due Within One Year (100,971 )
NET CURRENT ASSETS (LIABILITIES) (27,898 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,599 )
NET LIABILITIES (15,599 )
CAPITAL AND RESERVES
Called up share capital 7 750
Profit and Loss Account (16,349 )
SHAREHOLDERS' FUNDS (15,599)
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Page 4
For the year ending 31 January 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Frederick Olatunde Awote
Director
23/10/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Abridged Financial Statements
1. General Information
Harmonie Ventures Limited is a private company, limited by shares, incorporated in Scotland, registered number SC415015 . The registered office is 20 Lochinch Park, Cove-Bay, Aberdeen, AB12 3RF.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
4. Interest Payable and Similar Charges
2024
£
Bank loans and overdrafts 322
Page 5
Page 6
5. Tangible Assets
Total
£
Cost
As at 1 February 2023 11,468
As at 31 January 2024 11,468
Depreciation
As at 1 February 2023 2,867
As at 31 January 2024 2,867
Net Book Value
As at 31 January 2024 8,601
As at 1 February 2023 8,601
6. Investments
Total
£
Cost
As at 1 February 2023 3,698
As at 31 January 2024 3,698
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 3,698
As at 1 February 2023 3,698
7. Share Capital
2024
£
Allotted, Called up and fully paid 750
Page 6