Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC544204 Mrs Tanja Hughes Mr Simon Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC544204 2023-08-31 SC544204 2024-08-31 SC544204 2023-09-01 2024-08-31 SC544204 frs-core:Non-currentFinancialInstruments 2024-08-31 SC544204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC544204 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC544204 frs-core:ShareCapital 2024-08-31 SC544204 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC544204 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC544204 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC544204 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC544204 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC544204 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC544204 frs-bus:Director1 2023-09-01 2024-08-31 SC544204 frs-bus:Director2 2023-09-01 2024-08-31 SC544204 frs-countries:Scotland 2023-09-01 2024-08-31 SC544204 2022-08-31 SC544204 2023-08-31 SC544204 2022-09-01 2023-08-31 SC544204 frs-core:Non-currentFinancialInstruments 2023-08-31 SC544204 frs-core:ShareCapital 2023-08-31 SC544204 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC544204
H2 Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
C.I.K. Accounting Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: SC544204
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 376,310 425,430
376,310 425,430
CURRENT ASSETS
Debtors - 1,538
Cash at bank and in hand 72,775 59,661
72,775 61,199
Creditors: Amounts Falling Due Within One Year (22,698 ) (6,651 )
NET CURRENT ASSETS (LIABILITIES) 50,077 54,548
TOTAL ASSETS LESS CURRENT LIABILITIES 426,387 479,978
Creditors: Amounts Falling Due After More Than One Year (263,622 ) (343,911 )
NET ASSETS 162,765 136,067
CAPITAL AND RESERVES
Called up share capital 4 200 200
Profit and Loss Account 162,565 135,867
SHAREHOLDERS' FUNDS 162,765 136,067
Page 1
Page 2
For the year ending 31 August 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
Mrs Tanja Hughes
Director
31/10/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
H2 Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC544204 . The registered office is Craigellachie House, Dalfaber Road, Aviemore, Perthshire, PH22 1PX.
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:
Freehold Nil
Plant & Machinery 10 Years Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 3