Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10575088 Mr Sebastian Carmichael-Brown Mr Spencer Carmichael-Brown Miss Alexandra Osipczak iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10575088 2023-05-31 10575088 2024-05-31 10575088 2023-06-01 2024-05-31 10575088 frs-core:CurrentFinancialInstruments 2024-05-31 10575088 frs-core:FurnitureFittings 2024-05-31 10575088 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10575088 frs-core:FurnitureFittings 2023-05-31 10575088 frs-core:SharePremium 2024-05-31 10575088 frs-core:ShareCapital 2024-05-31 10575088 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10575088 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10575088 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10575088 frs-bus:SmallEntities 2023-06-01 2024-05-31 10575088 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10575088 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10575088 frs-core:CostValuation 2023-05-31 10575088 frs-core:CostValuation 2024-05-31 10575088 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 10575088 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 10575088 frs-bus:Director1 2023-06-01 2024-05-31 10575088 frs-bus:Director2 2023-06-01 2024-05-31 10575088 frs-bus:Director3 2023-06-01 2024-05-31 10575088 frs-countries:EnglandWales 2023-06-01 2024-05-31 10575088 2022-05-31 10575088 2023-05-31 10575088 2022-06-01 2023-05-31 10575088 frs-core:CurrentFinancialInstruments 2023-05-31 10575088 frs-core:SharePremium 2023-05-31 10575088 frs-core:ShareCapital 2023-05-31 10575088 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10575088
Hashtag United Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Hashtag United Ltd For The Year Ended 31 May 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Hashtag United Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Hashtag United Ltd , as a body, in accordance with the terms of our engagement letter dated 05 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Hashtag United Ltd and state those matters that we have agreed to state to the directors of Hashtag United Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hashtag United Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Hashtag United Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Hashtag United Ltd . You consider that Hashtag United Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hashtag United Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
06/02/2025
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
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Page 2
Statement of Financial Position
Registered number: 10575088
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 13,789 14,051
Investments 4 100 100
13,889 14,151
CURRENT ASSETS
Debtors 5 415,631 159,855
Investments 6 66,123 -
Cash at bank and in hand 507,735 720,289
989,489 880,144
Creditors: Amounts Falling Due Within One Year 7 (298,862 ) (82,687 )
NET CURRENT ASSETS (LIABILITIES) 690,627 797,457
TOTAL ASSETS LESS CURRENT LIABILITIES 704,516 811,608
NET ASSETS 704,516 811,608
CAPITAL AND RESERVES
Called up share capital 8 1,674 1,674
Share premium account 649,813 649,813
Income Statement 53,029 160,121
SHAREHOLDERS' FUNDS 704,516 811,608
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For the year ending 31 May 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 Income Statement.
On behalf of the board
Miss Alexandra Osipczak
Director
06/02/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Fixtures & Fittings 25% Reducing balance
Fixed asset investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. 
Other investments are measured at cost less impairment.
1.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
1.5. 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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1.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
1.7. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the
Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2023: 7)
7 7
3. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2023 30,259
Additions 3,559
As at 31 May 2024 33,818
Depreciation
As at 1 June 2023 16,208
Provided during the period 3,821
As at 31 May 2024 20,029
Net Book Value
As at 31 May 2024 13,789
As at 1 June 2023 14,051
4. Investments
Subsidiaries
£
Cost
As at 1 June 2023 100
As at 31 May 2024 100
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 100
As at 1 June 2023 100
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 300,523 50,093
Other debtors 43,745 43,989
Corporation tax recoverable assets - 115
Deferred tax current asset 45,296 21,210
Other taxes and social security 26,067 44,448
415,631 159,855
6. Current Asset Investments
2024 2023
£ £
Listed investments 66,123 -
66,123 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,592 -
Other creditors 296,425 81,842
Amounts owed to group undertakings 845 845
298,862 82,687
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,674 1,674
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
2024 2023
£ £
Within 1 year 28,000 28,000
Between 1 and 5 years 30,333 2,333
58,333 30,333
10. General Information
Hashtag United Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10575088 . The registered office is 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
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