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Registered number: 10465172
Henbarty Limited
Unaudited Financial Statements
For The Year Ended 30 May 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mrs C L Farrell
Mr D T Farrell
Company Number 10465172
Registered Office Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Henbarty Limited for the year ended 30 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Henbarty Limited for the year ended 30 May 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Henbarty Limited , as a body, in accordance with the terms of our engagement letter dated 12 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Henbarty Limited and state those matters that we have agreed to state to the directors of Henbarty Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Henbarty Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Henbarty Limited 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 Henbarty Limited . You consider that Henbarty Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Henbarty Limited . 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
ERC Accountants and Business Advisers Ltd
16 January 2025
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Page 3
Balance Sheet
Registered number: 10465172
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 217,307 -
217,307 -
CURRENT ASSETS
Stocks 5 - 170,360
Debtors 6 143,085 88,878
Cash at bank and in hand 4,477 45,636
147,562 304,874
Creditors: Amounts Falling Due Within One Year 7 (393,357 ) (323,874 )
NET CURRENT ASSETS (LIABILITIES) (245,795 ) (19,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,488 ) (19,000 )
Creditors: Amounts Falling Due After More Than One Year 8 (14,583 ) (19,250 )
NET LIABILITIES (43,071 ) (38,250 )
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account (43,271 ) (38,450 )
SHAREHOLDERS' FUNDS (43,071) (38,250)
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For the year ending 30 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
Mrs C L Farrell
Director
16 January 2025
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Henbarty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10465172 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Freehold N/A
2.4. 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.
2.5. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 31 May 2023 -
Additions 217,307
As at 30 May 2024 217,307
Net Book Value
As at 30 May 2024 217,307
As at 31 May 2023 -
5. Stocks
2024 2023
as restated
£ £
Stock - 170,360
6. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors 55,547 26,870
Deferred tax current asset 2,569 3,549
Directors' loan accounts 84,969 58,459
143,085 88,878
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 6,600 6,600
Corporation tax 53,046 22,916
Other creditors 328,716 288,429
Deposits 975 -
Accruals and deferred income 4,020 5,929
393,357 323,874
The amount of £160,360 payable to The Investment Management Company Limited included within other creditors is secured against the assets to which it relates. 
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 14,583 19,250
The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 200 200
10. Directors Advances, Credits and Guarantees
The director withdrew amounts totalling £30,794 and introduced amounts totalling £4,284. At the balance sheet date the amount owed to the company totalled £84,969 (2023: £58,459)
11. Related Party Transactions
The following related party transactions were undertaken during the year:
During the period directors introduced capital of £4,284 (2023: £2,502) and received advances of £30,794 (2023: £2,232). At the balance sheet date the director owed the company £84,969 (2023: £58,459).
Dividends were paid to directors and shareholders in respect of their shareholdings totalling £Nil (2023: £Nil).
A company under common control provided advances of £3,339 (2023: £30,668) and repayments of £Nil 2023: £Nil) were made during the period. At the balance sheet date the amounts owed to this connected company totalled £88,086 (2023: £84,747).
At the balance sheet date the amount owed to a connected company totalled £21,301 (2023: £21,301).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
12. Going concern
The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis. 
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