Acorah Software Products - Accounts Production 14.6.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10026468 Mr Aaron Faulkner Dr Emma Faulkner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10026468 2023-04-30 10026468 2024-04-30 10026468 2023-05-01 2024-04-30 10026468 frs-core:CurrentFinancialInstruments 2024-04-30 10026468 frs-core:Non-currentFinancialInstruments 2024-04-30 10026468 frs-core:ComputerEquipment 2024-04-30 10026468 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10026468 frs-core:ComputerEquipment 2023-04-30 10026468 frs-core:ShareCapital 2024-04-30 10026468 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10026468 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10026468 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10026468 frs-bus:SmallEntities 2023-05-01 2024-04-30 10026468 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10026468 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10026468 frs-bus:Director1 2023-05-01 2024-04-30 10026468 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 10026468 frs-countries:EnglandWales 2023-05-01 2024-04-30 10026468 2022-04-30 10026468 2023-04-30 10026468 2022-05-01 2023-04-30 10026468 frs-core:CurrentFinancialInstruments 2023-04-30 10026468 frs-core:Non-currentFinancialInstruments 2023-04-30 10026468 frs-core:ShareCapital 2023-04-30 10026468 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10026468
Henry James Mortgage & Financial Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
The Countryside Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10026468
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 746 994
746 994
CURRENT ASSETS
Debtors 5 10,800 17,000
Cash at bank and in hand 1,470 4,414
12,270 21,414
Creditors: Amounts Falling Due Within One Year 6 (33,826 ) (36,213 )
NET CURRENT ASSETS (LIABILITIES) (21,556 ) (14,799 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,810 ) (13,805 )
Creditors: Amounts Falling Due After More Than One Year 7 (1,914 ) (70 )
NET LIABILITIES (22,724 ) (13,875 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (22,824 ) (13,975 )
SHAREHOLDERS' FUNDS (22,724) (13,875)
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For the year ending 30 April 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 Aaron Faulkner
Director
7th August 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
Henry James Mortgage & Financial Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10026468 . The registered office is 3 Turner Close, Quorn, Loughborough, LE12 8DQ.
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:
Computer Equipment 25%
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 years 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 assets reflect 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: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 3,129
As at 30 April 2024 3,129
Depreciation
As at 1 May 2023 2,135
Provided during the period 248
As at 30 April 2024 2,383
Net Book Value
As at 30 April 2024 746
As at 1 May 2023 994
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,800 17,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,735 1,735
Bank loans and overdrafts 8,378 -
Other creditors 16,318 14,818
Taxation and social security 7,395 19,660
33,826 36,213
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,914 70
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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