Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 21 March 2022 false 1 April 2023 31 March 2024 31 March 2024 13993237 Mr Christopher Jones Mr George Stuart James Pollard Mrs Susannah Sroka Mr Christopher Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13993237 2023-03-31 13993237 2024-03-31 13993237 2023-04-01 2024-03-31 13993237 frs-core:CurrentFinancialInstruments 2024-03-31 13993237 frs-core:Non-currentFinancialInstruments 2024-03-31 13993237 frs-core:ComputerEquipment 2024-03-31 13993237 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13993237 frs-core:ComputerEquipment 2023-03-31 13993237 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 13993237 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 13993237 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 13993237 frs-core:OtherReservesSubtotal 2024-03-31 13993237 frs-core:SharePremium 2024-03-31 13993237 frs-core:ShareCapital 2024-03-31 13993237 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13993237 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13993237 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13993237 frs-bus:SmallEntities 2023-04-01 2024-03-31 13993237 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13993237 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13993237 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13993237 frs-bus:OrdinaryShareClass1 2024-03-31 13993237 frs-core:CostValuation 2023-03-31 13993237 frs-core:CostValuation 2024-03-31 13993237 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 13993237 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 13993237 frs-bus:Director1 2023-04-01 2024-03-31 13993237 frs-bus:Director2 2023-04-01 2024-03-31 13993237 frs-bus:Director3 2023-04-01 2024-03-31 13993237 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 13993237 frs-core:CurrentFinancialInstruments 1 2024-03-31 13993237 frs-countries:EnglandWales 2023-04-01 2024-03-31 13993237 2022-03-20 13993237 2023-03-31 13993237 2022-03-21 2023-03-31 13993237 frs-core:CurrentFinancialInstruments 2023-03-31 13993237 frs-core:Non-currentFinancialInstruments 2023-03-31 13993237 frs-core:OtherReservesSubtotal 2023-03-31 13993237 frs-core:SharePremium 2023-03-31 13993237 frs-core:ShareCapital 2023-03-31 13993237 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 13993237 frs-bus:OrdinaryShareClass1 2022-03-21 2023-03-31 13993237 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 13993237
Hansel Careers Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13993237
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 401,228 199,833
Tangible Assets 5 343 -
Investments 6 1 1
401,572 199,834
CURRENT ASSETS
Debtors 7 20,647 36,928
Cash at bank and in hand 2,050 2,586
22,697 39,514
Creditors: Amounts Falling Due Within One Year 8 (26,375 ) (106,741 )
NET CURRENT ASSETS (LIABILITIES) (3,678 ) (67,227 )
TOTAL ASSETS LESS CURRENT LIABILITIES 397,894 132,607
Creditors: Amounts Falling Due After More Than One Year 9 (25,500 ) (42,858 )
NET ASSETS 372,394 89,749
CAPITAL AND RESERVES
Called up share capital 10 14 11
Share premium account 531,987 99,999
Other reserves 2,575 -
Profit and Loss Account (162,182 ) (10,261 )
SHAREHOLDERS' FUNDS 372,394 89,749
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 Christopher Jones
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hansel Careers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13993237 . The registered office is 15-16 St Helens Place, London, EC3A 6DE.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives.
Amortisation begins when the intangible asset is available for use and is ready for it to be usable in the manner intended by management.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 199,833
Additions 201,395
As at 31 March 2024 401,228
Net Book Value
As at 31 March 2024 401,228
As at 1 April 2023 199,833
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 -
Additions 458
As at 31 March 2024 458
Depreciation
As at 1 April 2023 -
Provided during the period 115
As at 31 March 2024 115
Net Book Value
As at 31 March 2024 343
As at 1 April 2023 -
6. Investments
Subsidiaries
£
Cost
As at 1 April 2023 1
As at 31 March 2024 1
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
7. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other Debtors - Unpaid share capital 17,120 10
VAT 3,527 36,918
20,647 36,928
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 2,651 37,610
Other creditors - 68,000
Other creditors - Acareer Ltd Investment 23,001 1
Accruals and deferred income 223 630
Directors' loan accounts 500 500
26,375 106,741
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 25,500 42,858
10. Share Capital
31 March 2024 31 March 2023
Allotted, called up but not fully paid £ £
1,413,331 Ordinary Shares of £ 0.00001 each 14 11
During the year the company sub-divided every existing ordinary £0.01 share into 1000 £0.00001 shares. Further share issues were made during the year, such that at the balance sheet date, the company's issued and not fully paid share capital was £14.1333 (2023: £10.96).
11. Financial Instruments
The company entered into a Debenture agreement with Time Invoice Finance Limited on 22 August 2024 resulting in a registration of a charge. The charge contains both a fixed and a floating charge over the assets of the company.
Page 5