Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07535232 Ms Helen Franklin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07535232 2023-03-31 07535232 2024-03-31 07535232 2023-04-01 2024-03-31 07535232 frs-core:CurrentFinancialInstruments 2024-03-31 07535232 frs-core:Non-currentFinancialInstruments 2024-03-31 07535232 frs-core:ComputerEquipment 2024-03-31 07535232 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07535232 frs-core:ComputerEquipment 2023-03-31 07535232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07535232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07535232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 07535232 frs-core:ShareCapital 2024-03-31 07535232 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07535232 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07535232 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07535232 frs-bus:SmallEntities 2023-04-01 2024-03-31 07535232 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07535232 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07535232 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07535232 frs-bus:OrdinaryShareClass1 2024-03-31 07535232 frs-bus:Director1 2023-04-01 2024-03-31 07535232 frs-countries:EnglandWales 2023-04-01 2024-03-31 07535232 2022-03-31 07535232 2023-03-31 07535232 2022-04-01 2023-03-31 07535232 frs-core:CurrentFinancialInstruments 2023-03-31 07535232 frs-core:Non-currentFinancialInstruments 2023-03-31 07535232 frs-core:ShareCapital 2023-03-31 07535232 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07535232 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 07535232
Hollsam Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hollsam Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07535232
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 626,839 627,024
626,839 627,024
CURRENT ASSETS
Debtors 5 2,092 3,756
Cash at bank and in hand - 872
2,092 4,628
Creditors: Amounts Falling Due Within One Year 6 (236,857 ) (261,223 )
NET CURRENT ASSETS (LIABILITIES) (234,765 ) (256,595 )
TOTAL ASSETS LESS CURRENT LIABILITIES 392,074 370,429
Creditors: Amounts Falling Due After More Than One Year 7 (292,000 ) (292,000 )
NET ASSETS 100,074 78,429
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 100,073 78,428
SHAREHOLDERS' FUNDS 100,074 78,429
Page 1
Page 2
For the year ending 31 March 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 her 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
Ms Helen Franklin
Director
2 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hollsam Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07535232 . The registered office is Oswald Hall Cottage, Church Lane Sheepy Magna, Atherstone, Warwickshire, CV9 3QS.
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.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Freehold 0%
Computer Equipment 33% straight line basis
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 626,839 1,131 627,970
As at 31 March 2024 626,839 1,131 627,970
Depreciation
As at 1 April 2023 - 946 946
Provided during the period - 185 185
As at 31 March 2024 - 1,131 1,131
Net Book Value
As at 31 March 2024 626,839 - 626,839
As at 1 April 2023 626,839 185 627,024
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,669
Prepayments and accrued income 2,092 2,087
2,092 3,756
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,479 694
Bank loans and overdrafts 4,199 -
Corporation tax 6,388 8,365
VAT 332 1,851
Other creditors 1,442 1,442
Director's loan account 223,017 248,871
236,857 261,223
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 292,000 292,000
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
Page 4