Acorah Software Products - Accounts Production 16.1.300 false true false 20 June 2023 30 June 2024 30 June 2024 SC773170 Mr P Hormel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC773170 2023-06-19 SC773170 2024-06-30 SC773170 2023-06-20 2024-06-30 SC773170 frs-core:CurrentFinancialInstruments 2024-06-30 SC773170 frs-core:ShareCapital 2024-06-30 SC773170 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC773170 frs-bus:PrivateLimitedCompanyLtd 2023-06-20 2024-06-30 SC773170 frs-bus:FilletedAccounts 2023-06-20 2024-06-30 SC773170 frs-bus:SmallEntities 2023-06-20 2024-06-30 SC773170 frs-bus:AuditExempt-NoAccountantsReport 2023-06-20 2024-06-30 SC773170 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-20 2024-06-30 SC773170 frs-bus:Director1 2023-06-20 2024-06-30 SC773170 frs-bus:Director1 2023-06-19 SC773170 frs-bus:Director1 2024-06-30 SC773170 frs-countries:Scotland 2023-06-20 2024-06-30
Registered number: SC773170
Hormel Law And Research Ltd
Unaudited Financial Statements
For the Period 20 June 2023 to 30 June 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC773170
30 June 2024
Notes £ £
CURRENT ASSETS
Debtors 4 1,991
Cash at bank and in hand 227
2,218
Creditors: Amounts Falling Due Within One Year 5 (2,184 )
NET CURRENT ASSETS (LIABILITIES) 34
TOTAL ASSETS LESS CURRENT LIABILITIES 34
NET ASSETS 34
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (66 )
SHAREHOLDERS' FUNDS 34
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For the period 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 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 P Hormel
Director
11 February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hormel Law And Research Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC773170 . The registered office is 5 Tower Buildings, Station Road, Birnam, Dunkeld, PH8 0DS.
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. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Debtors
30 June 2024
£
Due within one year
Other debtors 1,991
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5. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Trade creditors (1 )
Other creditors 749
Taxation and social security 1,436
2,184
6. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 20 June 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Peter Hormel - 6,835 (743 ) - 6,092
The above loan is unsecured, interest free and repayable on demand.
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