Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08512469 H M Meade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08512469 2023-03-31 08512469 2024-03-31 08512469 2023-04-01 2024-03-31 08512469 frs-core:CurrentFinancialInstruments 2024-03-31 08512469 frs-core:NetGoodwill 2024-03-31 08512469 frs-core:NetGoodwill 2023-04-01 2024-03-31 08512469 frs-core:NetGoodwill 2023-03-31 08512469 frs-core:PlantMachinery 2024-03-31 08512469 frs-core:PlantMachinery 2023-04-01 2024-03-31 08512469 frs-core:PlantMachinery 2023-03-31 08512469 frs-core:ShareCapital 2024-03-31 08512469 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08512469 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08512469 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08512469 frs-bus:SmallEntities 2023-04-01 2024-03-31 08512469 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08512469 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08512469 frs-bus:Director1 2023-04-01 2024-03-31 08512469 frs-core:CurrentFinancialInstruments 1 2024-03-31 08512469 frs-countries:EnglandWales 2023-04-01 2024-03-31 08512469 2022-03-31 08512469 2023-03-31 08512469 2022-04-01 2023-03-31 08512469 frs-core:CurrentFinancialInstruments 2023-03-31 08512469 frs-core:ShareCapital 2023-03-31 08512469 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08512469 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 08512469
Harry Meade Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08512469
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,500 22,000
18,500 22,000
CURRENT ASSETS
Debtors 6 7,636 29,034
Cash at bank and in hand 204,927 221,423
212,563 250,457
Creditors: Amounts Falling Due Within One Year 7 (103,435 ) (79,361 )
NET CURRENT ASSETS (LIABILITIES) 109,128 171,096
TOTAL ASSETS LESS CURRENT LIABILITIES 127,628 193,096
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,500 ) (3,000 )
NET ASSETS 125,128 190,096
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 125,028 189,996
SHAREHOLDERS' FUNDS 125,128 190,096
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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 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
H M Meade
Director
31 December 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
Harry Meade Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08512469 . The registered office is Church Farm, West Littleton, Chippenham, SN14 8JB.
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 represents net invoiced sales of services.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill has been amortised over 8 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:
Equipment 15% on reducing balance
2.5. 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.
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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. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Amortisation
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
Goodwill relates to business taken over from a Director H Meade, at market value, valued by R.A.Leslie & Co.LLP, Chartered Accountants.
5. Tangible Assets
Equipment
£
Cost
As at 1 April 2023 40,932
As at 31 March 2024 40,932
Depreciation
As at 1 April 2023 18,932
Provided during the period 3,500
As at 31 March 2024 22,432
Net Book Value
As at 31 March 2024 18,500
As at 1 April 2023 22,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,636 15,180
Corporation tax repayable - 13,854
7,636 29,034
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security - 888
Sundry creditors and accruals 101,181 71,918
Director's loan account 2,254 6,555
103,435 79,361
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company is controlled by H M Meade. At the end of the year the director is owed £2,254 (2023: £6,555).
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