Acorah Software Products - Accounts Production 16.0.110 false true 30 March 2023 1 April 2022 false 31 March 2023 30 March 2024 30 March 2024 06521132 Mr Jean-Francois Chodecki Mrs Christina Chodecki Mr Christian Chodecki iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06521132 2023-03-30 06521132 2024-03-30 06521132 2023-03-31 2024-03-30 06521132 frs-core:CurrentFinancialInstruments 2024-03-30 06521132 frs-core:Non-currentFinancialInstruments 2024-03-30 06521132 frs-core:ComputerEquipment 2024-03-30 06521132 frs-core:ComputerEquipment 2023-03-31 2024-03-30 06521132 frs-core:ComputerEquipment 2023-03-30 06521132 frs-core:FurnitureFittings 2024-03-30 06521132 frs-core:FurnitureFittings 2023-03-31 2024-03-30 06521132 frs-core:FurnitureFittings 2023-03-30 06521132 frs-core:NetGoodwill 2024-03-30 06521132 frs-core:NetGoodwill 2023-03-31 2024-03-30 06521132 frs-core:NetGoodwill 2023-03-30 06521132 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-30 06521132 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 06521132 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-30 06521132 frs-core:MotorVehicles 2024-03-30 06521132 frs-core:MotorVehicles 2023-03-31 2024-03-30 06521132 frs-core:MotorVehicles 2023-03-30 06521132 frs-core:PlantMachinery 2024-03-30 06521132 frs-core:PlantMachinery 2023-03-31 2024-03-30 06521132 frs-core:PlantMachinery 2023-03-30 06521132 frs-core:ShareCapital 2024-03-30 06521132 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 06521132 frs-bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 06521132 frs-bus:FilletedAccounts 2023-03-31 2024-03-30 06521132 frs-bus:SmallEntities 2023-03-31 2024-03-30 06521132 frs-bus:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 06521132 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-30 06521132 frs-bus:Director1 2023-03-31 2024-03-30 06521132 frs-bus:Director1 2023-03-30 06521132 frs-bus:Director1 2024-03-30 06521132 frs-bus:Director2 2023-03-31 2024-03-30 06521132 frs-bus:Director2 2023-03-30 06521132 frs-bus:Director2 2024-03-30 06521132 frs-bus:Director3 2023-03-31 2024-03-30 06521132 frs-bus:Director3 2023-03-30 06521132 frs-bus:Director3 2024-03-30 06521132 frs-countries:EnglandWales 2023-03-31 2024-03-30 06521132 2022-03-31 06521132 2023-03-30 06521132 2022-04-01 2023-03-30 06521132 frs-core:CurrentFinancialInstruments 2023-03-30 06521132 frs-core:Non-currentFinancialInstruments 2023-03-30 06521132 frs-core:ShareCapital 2023-03-30 06521132 frs-core:RetainedEarningsAccumulatedLosses 2023-03-30
Registered number: 06521132
HOTcraze Ltd
Unaudited Financial Statements
For The Year Ended 30 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06521132
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 237,056 252,409
237,056 252,409
CURRENT ASSETS
Stocks 6 101,264 161,889
Debtors 7 42,535 73,536
Cash at bank and in hand 1,075,923 755,734
1,219,722 991,159
Creditors: Amounts Falling Due Within One Year 8 (1,340,701 ) (1,176,942 )
NET CURRENT ASSETS (LIABILITIES) (120,979 ) (185,783 )
TOTAL ASSETS LESS CURRENT LIABILITIES 116,077 66,626
Creditors: Amounts Falling Due After More Than One Year 9 (97,951 ) (143,546 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,824 ) (23,197 )
NET ASSETS/(LIABILITIES) 1,302 (100,117 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,202 (100,217 )
SHAREHOLDERS' FUNDS 1,302 (100,117)
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For the year ending 30 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 Jean-Francois Chodecki
Director
26 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
HOTcraze Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06521132 . The registered office is Office 2 Maple Leaf, Manston Business Park, Ramsgate, Kent, CT12 5GJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Freehold 2% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% straight line
Computer Equipment 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 15)
13 15
4. Intangible Assets
Goodwill
£
Cost
As at 31 March 2023 10,000
As at 30 March 2024 10,000
Amortisation
As at 31 March 2023 10,000
As at 30 March 2024 10,000
Net Book Value
As at 30 March 2024 -
As at 31 March 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 31 March 2023 169,807 1,654 113,162 51,365
Additions 13,788 - - -
As at 30 March 2024 183,595 1,654 113,162 51,365
...CONTINUED
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Depreciation
As at 31 March 2023 10,188 1,654 50,834 29,841
Provided during the period 3,649 - 15,582 7,704
As at 30 March 2024 13,837 1,654 66,416 37,545
Net Book Value
As at 30 March 2024 169,758 - 46,746 13,820
As at 31 March 2023 159,619 - 62,328 21,524
Computer Equipment Total
£ £
Cost
As at 31 March 2023 20,059 356,047
Additions 349 14,137
As at 30 March 2024 20,408 370,184
Depreciation
As at 31 March 2023 11,121 103,638
Provided during the period 2,555 29,490
As at 30 March 2024 13,676 133,128
Net Book Value
As at 30 March 2024 6,732 237,056
As at 31 March 2023 8,938 252,409
6. Stocks
2024 2023
£ £
Finished goods 10,000 12,750
Work in progress 91,264 149,139
101,264 161,889
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,440 10,937
Prepayments and accrued income 5,541 2,363
Other debtors 26,554 60,236
42,535 73,536
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 902,989 759,176
Bank loans and overdrafts 45,596 45,353
Other taxes and social security 274,948 66,775
Other creditors 34,918 66,273
Accruals and deferred income 82,250 239,365
1,340,701 1,176,942
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 97,951 143,546
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured over the assets of the company
2024 2023
£ £
Bank loans and overdrafts 105,250 146,250
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 31 March 2023 Amounts advanced Amounts repaid Amounts written off As at 30 March 2024
£ £ £ £ £
Mr Jean-Francois Chodecki 28,263 71,293 73,984 - 25,572
Mrs Christina Chodecki 5,384 32,728 70,756 - (32,644 )
Mr Christian Chodecki 26,589 36,228 63,312 - (495 )
The above loans are unsecured, repayable on demand and subject to interest at a rate of 2%.
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