Acorah Software Products - Accounts Production 16.0.110 false true false 18 February 2023 29 February 2024 29 February 2024 14673139 Mr M Hussain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14673139 2023-02-17 14673139 2024-02-29 14673139 2023-02-18 2024-02-29 14673139 frs-core:CurrentFinancialInstruments 2024-02-29 14673139 frs-core:ComputerEquipment 2023-02-18 2024-02-29 14673139 frs-core:FurnitureFittings 2023-02-18 2024-02-29 14673139 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-18 2024-02-29 14673139 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-18 2024-02-29 14673139 frs-core:MotorVehicles 2024-02-29 14673139 frs-core:MotorVehicles 2023-02-18 2024-02-29 14673139 frs-core:MotorVehicles 2023-02-17 14673139 frs-core:PlantMachinery 2023-02-18 2024-02-29 14673139 frs-core:ShareCapital 2024-02-29 14673139 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14673139 frs-bus:PrivateLimitedCompanyLtd 2023-02-18 2024-02-29 14673139 frs-bus:FilletedAccounts 2023-02-18 2024-02-29 14673139 frs-bus:SmallEntities 2023-02-18 2024-02-29 14673139 frs-bus:AuditExempt-NoAccountantsReport 2023-02-18 2024-02-29 14673139 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-18 2024-02-29 14673139 frs-bus:Director1 2023-02-18 2024-02-29 14673139 frs-countries:EnglandWales 2023-02-18 2024-02-29
Registered number: 14673139
HCS Sales Limited
Financial Statements
For the Period 18 February 2023 to 29 February 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14673139
29 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 13,659
13,659
CURRENT ASSETS
Stocks 5 189,253
Debtors 6 (8,558 )
Cash at bank and in hand 30,665
211,360
Creditors: Amounts Falling Due Within One Year 7 (277,475 )
NET CURRENT ASSETS (LIABILITIES) (66,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES (52,456 )
NET LIABILITIES (52,456 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (52,556 )
SHAREHOLDERS' FUNDS (52,456)
Page 1
Page 2
For the period 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 M Hussain
Director
15/11/2024
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
HCS Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14673139 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
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 20
Leasehold 20
Plant & Machinery 20
Motor Vehicles 20
Fixtures & Fittings 20
Computer Equipment 20
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
Page 3
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 18 February 2023 17,074
As at 29 February 2024 17,074
Depreciation
As at 18 February 2023 -
Provided during the period 3,415
As at 29 February 2024 3,415
Net Book Value
As at 29 February 2024 13,659
As at 18 February 2023 17,074
5. Stocks
29 February 2024
£
Stock 189,253
6. Debtors
29 February 2024
£
Due within one year
Other debtors (8,558)
7. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Other creditors 263,708
Taxation and social security 13,767
277,475
Page 4
Page 5
8. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 100
Page 5