Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09442893 Mr Anthony Bruce Rushworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09442893 2023-02-28 09442893 2024-02-29 09442893 2023-03-01 2024-02-29 09442893 frs-core:CurrentFinancialInstruments 2024-02-29 09442893 frs-core:ComputerEquipment 2024-02-29 09442893 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09442893 frs-core:ComputerEquipment 2023-02-28 09442893 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 09442893 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 09442893 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 09442893 frs-core:OtherResidualIntangibleAssets 2024-02-29 09442893 frs-core:OtherResidualIntangibleAssets 2023-02-28 09442893 frs-core:SharePremium 2024-02-29 09442893 frs-core:ShareCapital 2024-02-29 09442893 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09442893 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09442893 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09442893 frs-bus:SmallEntities 2023-03-01 2024-02-29 09442893 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09442893 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09442893 frs-core:ListedExchangeTraded 2024-02-29 09442893 frs-core:ListedExchangeTraded 2023-02-28 09442893 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 09442893 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-29 09442893 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 09442893 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-29 09442893 frs-bus:Director1 2023-03-01 2024-02-29 09442893 frs-countries:EnglandWales 2023-03-01 2024-02-29 09442893 2022-02-28 09442893 2023-02-28 09442893 2022-03-01 2023-02-28 09442893 frs-core:CurrentFinancialInstruments 2023-02-28 09442893 frs-core:SharePremium 2023-02-28 09442893 frs-core:ShareCapital 2023-02-28 09442893 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09442893
Homegrown Group Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09442893
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 6 1,500 1,500
1,500 1,500
CURRENT ASSETS
Cash at bank and in hand 16,719 9,851
16,719 9,851
Creditors: Amounts Falling Due Within One Year 7 (8,799 ) (300 )
NET CURRENT ASSETS (LIABILITIES) 7,920 9,551
TOTAL ASSETS LESS CURRENT LIABILITIES 9,420 11,051
NET ASSETS 9,420 11,051
CAPITAL AND RESERVES
Called up share capital 8 913 913
Share premium account 439,142 439,142
Profit and Loss Account (430,635 ) (429,004 )
SHAREHOLDERS' FUNDS 9,420 11,051
For the year ending 29 February 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 Anthony Bruce Rushworth
Director
07/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Homegrown Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09442893 . The registered office is 4 Wessex Road, Bourne End, SL8 5DT.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.3. 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 to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
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.
2.4. 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 Stright Line Basis 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 March 2023 13,577 1,510 15,087
As at 29 February 2024 13,577 1,510 15,087
Amortisation
As at 1 March 2023 13,577 1,510 15,087
As at 29 February 2024 13,577 1,510 15,087
Net Book Value
As at 29 February 2024 - - -
As at 1 March 2023 - - -
Page 2
Page 3
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 1,128
As at 29 February 2024 1,128
Depreciation
As at 1 March 2023 1,128
As at 29 February 2024 1,128
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
6. Investments
Listed
£
Cost
As at 1 March 2023 1,500
As at 29 February 2024 1,500
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 1,500
As at 1 March 2023 1,500
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 8,450 -
Accruals and deferred income 349 300
8,799 300
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 913 913
Page 3