Acorah Software Products - Accounts Production 16.1.200 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11179602 Mr M Frank iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11179602 2023-01-31 11179602 2024-01-31 11179602 2023-02-01 2024-01-31 11179602 frs-core:CurrentFinancialInstruments 2024-01-31 11179602 frs-core:Non-currentFinancialInstruments 2024-01-31 11179602 frs-core:ComputerEquipment 2024-01-31 11179602 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11179602 frs-core:ComputerEquipment 2023-01-31 11179602 frs-core:PlantMachinery 2024-01-31 11179602 frs-core:PlantMachinery 2023-01-31 11179602 frs-core:ShareCapital 2024-01-31 11179602 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11179602 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11179602 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11179602 frs-bus:SmallEntities 2023-02-01 2024-01-31 11179602 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11179602 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11179602 frs-bus:Director1 2023-02-01 2024-01-31 11179602 frs-countries:EnglandWales 2023-02-01 2024-01-31 11179602 2022-01-31 11179602 2023-01-31 11179602 2022-02-01 2023-01-31 11179602 frs-core:CurrentFinancialInstruments 2023-01-31 11179602 frs-core:Non-currentFinancialInstruments 2023-01-31 11179602 frs-core:ShareCapital 2023-01-31 11179602 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11179602
Hi-N-Low Technology Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11179602
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,790 50,790
50,790 50,790
Creditors: Amounts Falling Due Within One Year 5 (2,020 ) (2,020 )
NET CURRENT ASSETS (LIABILITIES) (2,020 ) (2,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,770 48,770
Creditors: Amounts Falling Due After More Than One Year 6 (50,000 ) (50,000 )
NET LIABILITIES (1,230 ) (1,230 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (1,330 ) (1,330 )
SHAREHOLDERS' FUNDS (1,230) (1,230)
For the year ending 31 January 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 Frank
Director
22 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hi-N-Low Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11179602 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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. Going Concern Disclosure
At the 31st January 2023, the company had net liabilities totalling £1,230. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least twelve months from hte date of signing the accounts.
On the above basis, the director considers that the accounts should be prepared on a going concern basis.
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% straight line
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 Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 50,310 640 50,950
As at 31 January 2024 50,310 640 50,950
Depreciation
As at 1 February 2023 - 160 160
As at 31 January 2024 - 160 160
Net Book Value
As at 31 January 2024 50,310 480 50,790
As at 1 February 2023 50,310 480 50,790
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 8 8
Director's loan account 2,012 2,012
2,020 2,020
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 50,000 50,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
At the balance sheet date, the amount owed to the director through the directors loan account totalled £2,012 (2022: £2,012).
The directors loan account is unsecured, interest free and repayable on demand.
Page 3