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 12009101 Mr Damien South Mr Martin Wood Miss Julia Robinson Mrs Wendy Guilloneau iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12009101 2023-06-30 12009101 2024-06-30 12009101 2023-07-01 2024-06-30 12009101 frs-core:CurrentFinancialInstruments 2024-06-30 12009101 frs-core:Non-currentFinancialInstruments 2024-06-30 12009101 frs-core:ComputerEquipment 2024-06-30 12009101 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12009101 frs-core:ComputerEquipment 2023-06-30 12009101 frs-core:FurnitureFittings 2024-06-30 12009101 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12009101 frs-core:FurnitureFittings 2023-06-30 12009101 frs-core:MotorVehicles 2024-06-30 12009101 frs-core:MotorVehicles 2023-07-01 2024-06-30 12009101 frs-core:MotorVehicles 2023-06-30 12009101 frs-core:PlantMachinery 2024-06-30 12009101 frs-core:PlantMachinery 2023-07-01 2024-06-30 12009101 frs-core:PlantMachinery 2023-06-30 12009101 frs-core:ShareCapital 2024-06-30 12009101 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12009101 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12009101 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12009101 frs-bus:SmallEntities 2023-07-01 2024-06-30 12009101 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12009101 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12009101 frs-core:UnlistedNon-exchangeTraded 2024-06-30 12009101 frs-core:UnlistedNon-exchangeTraded 2023-06-30 12009101 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 12009101 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 12009101 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 12009101 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 12009101 frs-bus:Director1 2023-07-01 2024-06-30 12009101 frs-bus:Director2 2023-07-01 2024-06-30 12009101 frs-bus:Director3 2023-07-01 2024-06-30 12009101 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 12009101 frs-core:CurrentFinancialInstruments 1 2024-06-30 12009101 frs-countries:EnglandWales 2023-07-01 2024-06-30 12009101 2022-06-30 12009101 2023-06-30 12009101 2022-07-01 2023-06-30 12009101 frs-core:CurrentFinancialInstruments 2023-06-30 12009101 frs-core:Non-currentFinancialInstruments 2023-06-30 12009101 frs-core:ShareCapital 2023-06-30 12009101 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12009101 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 12009101
Hibau Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12009101
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,744 253,084
Investments 5 201 201
199,945 253,285
CURRENT ASSETS
Debtors 6 258,676 456,297
Cash at bank and in hand 14,025 5,508
272,701 461,805
Creditors: Amounts Falling Due Within One Year 7 (2,019,505 ) (1,563,416 )
NET CURRENT ASSETS (LIABILITIES) (1,746,804 ) (1,101,611 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,546,859 ) (848,326 )
Creditors: Amounts Falling Due After More Than One Year 8 (17,548 ) (27,295 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,028 ) (35,402 )
NET LIABILITIES (1,590,435 ) (911,023 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (1,590,535 ) (911,123 )
SHAREHOLDERS' FUNDS (1,590,435) (911,023)
Page 1
Page 2
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 Martin Wood
Director
18/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Hibau Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12009101 . The registered office is Innovation Centre, Maidstone Road, Chatham, Kent, ME5 9FD.
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.
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 15% straight line
Motor Vehicles 18% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 8 (2023: 9)
8 9
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 30,456 253,694 32,130 24,236 340,516
Additions 6,778 - - 6,164 12,942
As at 30 June 2024 37,234 253,694 32,130 30,400 353,458
Depreciation
As at 1 July 2023 7,247 50,719 14,271 15,195 87,432
Provided during the period 5,076 46,512 6,425 8,269 66,282
As at 30 June 2024 12,323 97,231 20,696 23,464 153,714
Net Book Value
As at 30 June 2024 24,911 156,463 11,434 6,936 199,744
As at 1 July 2023 23,209 202,975 17,859 9,041 253,084
5. Investments
Unlisted
£
Cost
As at 1 July 2023 201
As at 30 June 2024 201
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 201
As at 1 July 2023 201
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,790 50,955
Prepayments and accrued income 72,212 166,402
Other debtors 1,991 21,649
Intercompany 133,683 217,291
258,676 456,297
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,182 155,170
Bank loans and overdrafts 9,648 9,648
Other taxes and social security 12,846 66,426
VAT 3,306 20,302
Other creditors 38,437 69,402
Inter-company 1,847,247 1,183,386
Accruals and deferred income 2,996 6,156
Directors' loan accounts 45,843 52,926
2,019,505 1,563,416
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,548 27,295
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in the Other Debtors are the following amounts owed by the following companies, all of which are under the control of the directors Mr D South & Mr M Wood. No repayment terms have been set and no interest is to be charged.
HiBau Developments Ltd - £150 (2023 - £150)
DMR Civil Engineering Ltd - £133,533 (2023 - £78,124)
Hibau (Eythorne) Ltd - £0 (2023 - £14,612)
Included in the Other Creditors are the following amounts owed to the following companies, all of which are under the control of the directors Mr D South & Mr M Wood. No repayment terms have been set and no interest is to be charged.
Otium Lake Ltd - £403,491 (2023 - £123,139 debtor)
HiBau Living Ltd - £1,162,100 (2023 - £902,830)
Included in the Other Debtors is an amount of £0 (2023 - £1,266) owed by East Peckham Construction Company Ltd, a company under the control of the director Mr M Wood. No repayment terms have been set and no interest is to be charged.
Included in the Other Creditors is an amount of £281,656 (2023 - £280,556) owed by Bauvill Ltd, a company under the control of the director Mr D South. No repayment terms have been set and no interest is to be charged.
During the year the company was provided services by Hibau Living Ltd, a company under the control of the directors Mr D South & Mr M Wood, amounting to £87,103 of which £87,103 is outstanding.
During the year the company provided services to Hibau Living Ltd, a company under the control of the directors Mr D South & Mr M Wood, amounting to £1,681 of which £1,681 is outstanding.
...CONTINUED
Page 5
Page 6
10. Related Party Transactions - continued
During the year the company provided services to Otium Lake Ltd, a company under the control of the directors Mr D South & Mr M Wood, amounting to £96,899 of which £49,109 is outstanding.
During the year the company was provided services by Bauvill Ltd, a company under the control of the director Mr D South, amounting to £10,000 of which £0 is outstanding.
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