Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 08408973 Mr Waheed Yousef Mr W. Yousef true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08408973 2023-02-28 08408973 2024-02-28 08408973 2023-03-01 2024-02-28 08408973 frs-core:CurrentFinancialInstruments 2024-02-28 08408973 frs-core:ComputerEquipment 2024-02-28 08408973 frs-core:ComputerEquipment 2023-03-01 2024-02-28 08408973 frs-core:ComputerEquipment 2023-02-28 08408973 frs-core:FurnitureFittings 2024-02-28 08408973 frs-core:FurnitureFittings 2023-03-01 2024-02-28 08408973 frs-core:FurnitureFittings 2023-02-28 08408973 frs-core:MotorVehicles 2024-02-28 08408973 frs-core:MotorVehicles 2023-03-01 2024-02-28 08408973 frs-core:MotorVehicles 2023-02-28 08408973 frs-core:PlantMachinery 2024-02-28 08408973 frs-core:PlantMachinery 2023-03-01 2024-02-28 08408973 frs-core:PlantMachinery 2023-02-28 08408973 frs-core:ShareCapital 2024-02-28 08408973 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08408973 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08408973 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08408973 frs-bus:SmallEntities 2023-03-01 2024-02-28 08408973 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08408973 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08408973 1 2023-03-01 2024-02-28 08408973 frs-bus:Director1 2023-03-01 2024-02-28 08408973 frs-countries:EnglandWales 2023-03-01 2024-02-28 08408973 2022-02-28 08408973 2023-02-28 08408973 2022-03-01 2023-02-28 08408973 frs-core:CurrentFinancialInstruments 2023-02-28 08408973 frs-core:ShareCapital 2023-02-28 08408973 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08408973
James Hearing Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08408973
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,536 14,984
11,536 14,984
CURRENT ASSETS
Debtors 5 85,032 26,313
Cash at bank and in hand 85,397 98,587
170,429 124,900
Creditors: Amounts Falling Due Within One Year 6 (50,011 ) (43,488 )
NET CURRENT ASSETS (LIABILITIES) 120,418 81,412
TOTAL ASSETS LESS CURRENT LIABILITIES 131,954 96,396
NET ASSETS 131,954 96,396
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 131,944 96,386
SHAREHOLDERS' FUNDS 131,954 96,396
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For the year ending 28 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 Waheed Yousef
Director
21 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
James Hearing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08408973 . The registered office is 17 Robin Hood Croft, Birmingham, B28 0LL.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 2,425 16,000 4,974 - 23,399
Additions - - - 684 684
As at 28 February 2024 2,425 16,000 4,974 684 24,083
Depreciation
As at 1 March 2023 2,425 4,000 1,990 - 8,415
Provided during the period - 3,000 995 137 4,132
As at 28 February 2024 2,425 7,000 2,985 137 12,547
Net Book Value
As at 28 February 2024 - 9,000 1,989 547 11,536
As at 1 March 2023 - 12,000 2,984 - 14,984
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 85,032 26,313
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 9,863 7,457
Accruals and deferred income 3,300 2,050
Director's loan account 36,848 33,981
50,011 43,488
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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8. Ultimate Controlling Party
The company's ultimate controlling party is Mr W. Yousef by virtue of his ownership of 100% of the issued share capital in the company.
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