Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07104361 Mr Michael Jukes Mrs Suzanne Jukes Mrs Suzanne Jukes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07104361 2023-06-30 07104361 2024-06-30 07104361 2023-07-01 2024-06-30 07104361 frs-core:CurrentFinancialInstruments 2024-06-30 07104361 frs-core:Non-currentFinancialInstruments 2024-06-30 07104361 frs-core:FurnitureFittings 2024-06-30 07104361 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07104361 frs-core:FurnitureFittings 2023-06-30 07104361 frs-core:NetGoodwill 2024-06-30 07104361 frs-core:NetGoodwill 2023-07-01 2024-06-30 07104361 frs-core:NetGoodwill 2023-06-30 07104361 frs-core:ShareCapital 2024-06-30 07104361 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07104361 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07104361 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07104361 frs-bus:SmallEntities 2023-07-01 2024-06-30 07104361 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07104361 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07104361 frs-bus:Director1 2023-07-01 2024-06-30 07104361 frs-bus:Director2 2023-07-01 2024-06-30 07104361 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 07104361 frs-countries:EnglandWales 2023-07-01 2024-06-30 07104361 2022-06-30 07104361 2023-06-30 07104361 2022-07-01 2023-06-30 07104361 frs-core:CurrentFinancialInstruments 2023-06-30 07104361 frs-core:Non-currentFinancialInstruments 2023-06-30 07104361 frs-core:ShareCapital 2023-06-30 07104361 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07104361
Harridge Financial Services Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Hilton Jones Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07104361
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,730,594 420,000
Tangible Assets 5 10,828 11,288
1,741,422 431,288
CURRENT ASSETS
Debtors 6 4,000 -
Cash at bank and in hand 246,821 104,426
250,821 104,426
Creditors: Amounts Falling Due Within One Year 7 (1,288,531 ) (298,852 )
NET CURRENT ASSETS (LIABILITIES) (1,037,710 ) (194,426 )
TOTAL ASSETS LESS CURRENT LIABILITIES 703,712 236,862
Creditors: Amounts Falling Due After More Than One Year 8 (478,565 ) (126,563 )
NET ASSETS 225,147 110,299
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 225,047 110,199
SHAREHOLDERS' FUNDS 225,147 110,299
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Michael Jukes
Director
21st January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Harridge Financial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07104361 . The registered office is 3 Tealgate Charnham Park, Hungerford, Berkshire, RG17 0YT.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 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:
Fixtures & Fittings 25% Reducing Balance
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 700,000
Additions 1,498,320
As at 30 June 2024 2,198,320
Amortisation
As at 1 July 2023 280,000
Provided during the period 187,726
As at 30 June 2024 467,726
Net Book Value
As at 30 June 2024 1,730,594
As at 1 July 2023 420,000
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 32,595
Additions 2,636
As at 30 June 2024 35,231
Depreciation
As at 1 July 2023 21,307
Provided during the period 3,096
As at 30 June 2024 24,403
Net Book Value
As at 30 June 2024 10,828
As at 1 July 2023 11,288
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,000 -
4,000 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,874 19,382
Bank loans and overdrafts 298,282 149,041
Corporation tax 209,870 125,551
Other taxes and social security 14,470 3,972
Other creditors 752,035 897
Directors' loan accounts - 9
1,288,531 298,852
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 478,565 126,563
478,565 126,563
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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