Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08049883 Mr J R Hillman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08049883 2023-04-30 08049883 2024-04-30 08049883 2023-05-01 2024-04-30 08049883 frs-core:CurrentFinancialInstruments 2024-04-30 08049883 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08049883 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08049883 frs-core:PlantMachinery 2024-04-30 08049883 frs-core:PlantMachinery 2023-05-01 2024-04-30 08049883 frs-core:PlantMachinery 2023-04-30 08049883 frs-core:ShareCapital 2024-04-30 08049883 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08049883 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08049883 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08049883 frs-bus:SmallEntities 2023-05-01 2024-04-30 08049883 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08049883 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08049883 frs-bus:Director1 2023-05-01 2024-04-30 08049883 frs-countries:EnglandWales 2023-05-01 2024-04-30 08049883 2022-04-30 08049883 2023-04-30 08049883 2022-05-01 2023-04-30 08049883 frs-core:CurrentFinancialInstruments 2023-04-30 08049883 frs-core:ShareCapital 2023-04-30 08049883 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08049883
James Hillman Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08049883
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,312 11,987
7,312 11,987
CURRENT ASSETS
Debtors 5 9,883 16,900
Cash at bank and in hand 19,068 19,917
28,951 36,817
Creditors: Amounts Falling Due Within One Year 6 (17,280 ) (10,697 )
NET CURRENT ASSETS (LIABILITIES) 11,671 26,120
TOTAL ASSETS LESS CURRENT LIABILITIES 18,983 38,107
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,389 ) (2,278 )
NET ASSETS 17,594 35,829
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 17,494 35,729
SHAREHOLDERS' FUNDS 17,594 35,829
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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 J R Hillman
Director
23/01/2025
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
James Hillman Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08049883 . The registered office is 107 Kala Studios, Workspace - The Biscuit Factory, Drummond Road, London, SE16 4DG.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 25% Straight Line Basis
Fixtures & Fittings 25% Straight Line Basis
Computer Equipment 25% Straight Line Basis
2.4. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
2.5. Financial Instruments
Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.10. Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 41,014
Additions 3,136
As at 30 April 2024 44,150
Depreciation
As at 1 May 2023 29,027
Provided during the period 7,811
As at 30 April 2024 36,838
Net Book Value
As at 30 April 2024 7,312
As at 1 May 2023 11,987
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,145 7,899
Other debtors 8,738 9,001
9,883 16,900
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,549 1,813
Bank loans and overdrafts 75 -
Other creditors 8,647 397
Taxation and social security 7,009 8,487
17,280 10,697
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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