Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11785857 Mr James Morrison Mr J Morrison true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11785857 2023-01-31 11785857 2024-01-31 11785857 2023-02-01 2024-01-31 11785857 frs-core:CurrentFinancialInstruments 2024-01-31 11785857 frs-core:ComputerEquipment 2024-01-31 11785857 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11785857 frs-core:ComputerEquipment 2023-01-31 11785857 frs-core:ShareCapital 2024-01-31 11785857 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11785857 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11785857 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11785857 frs-bus:SmallEntities 2023-02-01 2024-01-31 11785857 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11785857 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11785857 1 2023-02-01 2024-01-31 11785857 frs-bus:Director1 2023-02-01 2024-01-31 11785857 frs-countries:EnglandWales 2023-02-01 2024-01-31 11785857 2022-01-31 11785857 2023-01-31 11785857 2022-02-01 2023-01-31 11785857 frs-core:CurrentFinancialInstruments 2023-01-31 11785857 frs-core:ShareCapital 2023-01-31 11785857 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11785857
10:000 Hours Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11785857
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 618 795
618 795
CURRENT ASSETS
Debtors 5 18,000 4,150
Cash at bank and in hand 3,221 5,269
21,221 9,419
Creditors: Amounts Falling Due Within One Year 6 (31,433 ) (7,990 )
NET CURRENT ASSETS (LIABILITIES) (10,212 ) 1,429
TOTAL ASSETS LESS CURRENT LIABILITIES (9,594 ) 2,224
NET (LIABILITIES)/ASSETS (9,594 ) 2,224
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (9,694 ) 2,124
SHAREHOLDERS' FUNDS (9,594) 2,224
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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.
On behalf of the board
Mr James Morrison
Director
30th October 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
10:000 Hours Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11785857 . The registered office is 22 The Swan Centre, Rosemary Road, London, SW17 0AR.
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.
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:
Computer Equipment 20% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 888
As at 31 January 2024 888
Depreciation
As at 1 February 2023 93
Provided during the period 177
As at 31 January 2024 270
Net Book Value
As at 31 January 2024 618
As at 1 February 2023 795
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,000 4,000
Other debtors 14,000 150
18,000 4,150
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 222 -
Other creditors 31,211 1,557
Taxation and social security - 6,433
31,433 7,990
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
Connected Party:
During the year, the company made sales to a related party, a company where Mr J Morrison, a director of  10:000 Hours Investment  Ltd , is also a director.
Total sales to the related party amounted to £48,000 (2023: £48,000).
These transactions were conducted on an arm’s length basis and on normal commercial terms.
 As of 31 March 2024, the balance owed by the related party was £58,000, of which a total of £48,000 is accounted as a provision for doubtful debts within debtors.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Morrison by virtue of his ownership of 100% of the issued share capital in the company.
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