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 09575237 Mr D J Hetherington Miss Z L Ness iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09575237 2023-05-31 09575237 2024-05-31 09575237 2023-06-01 2024-05-31 09575237 frs-core:CurrentFinancialInstruments 2024-05-31 09575237 frs-core:ComputerEquipment 2024-05-31 09575237 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09575237 frs-core:ComputerEquipment 2023-05-31 09575237 frs-core:FurnitureFittings 2024-05-31 09575237 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09575237 frs-core:FurnitureFittings 2023-05-31 09575237 frs-core:ShareCapital 2024-05-31 09575237 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09575237 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09575237 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09575237 frs-bus:SmallEntities 2023-06-01 2024-05-31 09575237 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09575237 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09575237 frs-bus:Director1 2023-06-01 2024-05-31 09575237 frs-bus:Director2 2023-06-01 2024-05-31 09575237 frs-countries:EnglandWales 2023-06-01 2024-05-31 09575237 2022-05-31 09575237 2023-05-31 09575237 2022-06-01 2023-05-31 09575237 frs-core:CurrentFinancialInstruments 2023-05-31 09575237 frs-core:ShareCapital 2023-05-31 09575237 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09575237
Halo Salt Centre Limited
Financial Statements
For The Year Ended 31 May 2024
Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
B63 3TT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09575237
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,492 6,867
Investment Properties 5 9,632 9,632
15,124 16,499
CURRENT ASSETS
Stocks 6 170 170
Debtors 7 4,855 4,476
Cash at bank and in hand 21,346 22,379
26,371 27,025
Creditors: Amounts Falling Due Within One Year 8 (13,366 ) (19,011 )
NET CURRENT ASSETS (LIABILITIES) 13,005 8,014
TOTAL ASSETS LESS CURRENT LIABILITIES 28,129 24,513
NET ASSETS 28,129 24,513
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 28,127 24,511
SHAREHOLDERS' FUNDS 28,129 24,513
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr D J Hetherington
Director
12 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Halo Salt Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09575237 . The registered office is Unit 26 The Waterfront East, Level Street, Brierley Hill, West Midlands, DY5 1XJ.
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. 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 20% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 34,193 270 34,463
As at 31 May 2024 34,193 270 34,463
Depreciation
As at 1 June 2023 27,353 243 27,596
Provided during the period 1,368 7 1,375
As at 31 May 2024 28,721 250 28,971
Net Book Value
As at 31 May 2024 5,472 20 5,492
As at 1 June 2023 6,840 27 6,867
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 9,632
6. Stocks
2024 2023
£ £
Stock 170 170
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,855 4,476
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 2,273 1,212
Other taxes and social security 22 22
Accruals and deferred income 9,900 12,930
Directors' loan accounts 1,172 4,848
13,366 19,011
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5