Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11148121 Mr Luigi Salvoni Mr Daniel Sewell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11148121 2023-01-31 11148121 2024-01-31 11148121 2023-02-01 2024-01-31 11148121 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-02-01 2024-01-31 11148121 frs-core:ShareCapital 2024-01-31 11148121 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11148121 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11148121 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 11148121 frs-bus:SmallEntities 2023-02-01 2024-01-31 11148121 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11148121 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11148121 frs-bus:Director1 2023-02-01 2024-01-31 11148121 frs-bus:Director1 2023-01-31 11148121 frs-bus:Director1 2024-01-31 11148121 frs-bus:Director2 2023-02-01 2024-01-31 11148121 frs-bus:Director2 2023-01-31 11148121 frs-bus:Director2 2024-01-31 11148121 frs-countries:EnglandWales 2023-02-01 2024-01-31 11148121 2022-01-31 11148121 2023-01-31 11148121 2022-02-01 2023-01-31 11148121 frs-core:ShareCapital 2023-01-31 11148121 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11148121
Hydracs Global Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
McManus Williams KGG Limited
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11148121
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 60,750 69,750
60,750 69,750
CURRENT ASSETS
Debtors 12,265 1,367
Cash at bank and in hand 4,298 24,400
16,563 25,767
Creditors: Amounts Falling Due Within One Year (90,984 ) (97,855 )
NET CURRENT ASSETS (LIABILITIES) (74,421 ) (72,088 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,671 ) (2,338 )
NET LIABILITIES (13,671 ) (2,338 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (13,771 ) (2,438 )
SHAREHOLDERS' FUNDS (13,671) (2,338)
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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 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.
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 Luigi Salvoni
Director
Mr Daniel Sewell
Director
30/10/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Hydracs Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11148121 . The registered office is 233 Clevedon Road, Tickenham, Clevedon, BS21 6RX.
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 - Intellectual Property
Intellectual property assets are related to rights associated with the business' core products. It is amortised to the profit and loss account over its estimated economic life of 10 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Total
£
Cost
As at 1 February 2023 90,000
As at 31 January 2024 90,000
Amortisation
As at 1 February 2023 20,250
Provided during the period 9,000
As at 31 January 2024 29,250
Net Book Value
As at 31 January 2024 60,750
As at 1 February 2023 69,750
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Luigi Salvoni - 5,850 - - -
Mr Daniel Sewell - 5,851 - - -
The above loan is unsecured, interest free and repayable on demand.
7. Related Party Transactions
During the prior period the company purchased products for resale from an associated company Espresso Service Limited. Directors of the company are also serving officers and one is a shareholder of Espresso Service Limited. During that period purchase transactions between the two companies amounted to £NIL (2023- £NIL) and at the balance sheet date the company owed Espresso Service Limited £90,000 (2023 -£90,000).
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