Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 02030835 Mr M R Hart Mr P M Spencer-Draper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02030835 2023-08-31 02030835 2024-08-31 02030835 2023-09-01 2024-08-31 02030835 frs-core:CurrentFinancialInstruments 2024-08-31 02030835 frs-core:FurnitureFittings 2024-08-31 02030835 frs-core:FurnitureFittings 2023-09-01 2024-08-31 02030835 frs-core:FurnitureFittings 2023-08-31 02030835 frs-core:MotorVehicles 2024-08-31 02030835 frs-core:MotorVehicles 2023-09-01 2024-08-31 02030835 frs-core:MotorVehicles 2023-08-31 02030835 frs-core:PlantMachinery 2024-08-31 02030835 frs-core:PlantMachinery 2023-09-01 2024-08-31 02030835 frs-core:PlantMachinery 2023-08-31 02030835 frs-core:CapitalRedemptionReserve 2024-08-31 02030835 frs-core:ShareCapital 2024-08-31 02030835 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 02030835 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02030835 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 02030835 frs-bus:SmallEntities 2023-09-01 2024-08-31 02030835 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02030835 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02030835 frs-bus:Director1 2023-09-01 2024-08-31 02030835 frs-bus:Director1 2023-08-31 02030835 frs-bus:Director1 2024-08-31 02030835 frs-bus:Director2 2023-09-01 2024-08-31 02030835 frs-countries:EnglandWales 2023-09-01 2024-08-31 02030835 2022-08-31 02030835 2023-08-31 02030835 2022-09-01 2023-08-31 02030835 frs-core:CurrentFinancialInstruments 2023-08-31 02030835 frs-core:CapitalRedemptionReserve 2023-08-31 02030835 frs-core:ShareCapital 2023-08-31 02030835 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 02030835
Hadene Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02030835
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,907 16,270
12,907 16,270
CURRENT ASSETS
Stocks 5 13,500 3,500
Debtors 6 518,084 609,843
Cash at bank and in hand 307,605 284,287
839,189 897,630
Creditors: Amounts Falling Due Within One Year 7 (81,917 ) (111,880 )
NET CURRENT ASSETS (LIABILITIES) 757,272 785,750
TOTAL ASSETS LESS CURRENT LIABILITIES 770,179 802,020
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,326 ) (4,067 )
NET ASSETS 766,853 797,953
CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital redemption reserve 170,000 170,000
Profit and Loss Account 596,852 627,952
SHAREHOLDERS' FUNDS 766,853 797,953
Page 1
Page 2
For the year ending 31 August 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 M R Hart
Director
4th March 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
Hadene Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02030835 . The registered office is Unit 7 The Enterprise Centre, Revenge Road, Lordswood, Chatham, Kent, ME5 8UD.
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 under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
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
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Group accounts
 The comapny has taken advantage of Section 248 of the Compnies Act not to prepare group accounts on the grounds that the group comprises a small group.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment.
2.10.  Cash and cash equivalents
Cash is repsented by cash in hand and deposits with financial instituitions.
2.11.  Creditors
Short term creditors are measured at the transaction price.
2.12.  Employee benefits
Short therm employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in th period in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 25,895 84,782 19,489 130,166
Additions - 1,000 - 1,000
Disposals - (4,100 ) - (4,100 )
As at 31 August 2024 25,895 81,682 19,489 127,066
Depreciation
As at 1 September 2023 22,563 74,941 16,392 113,896
Provided during the period 833 2,710 774 4,317
Disposals - (4,054 ) - (4,054 )
As at 31 August 2024 23,396 73,597 17,166 114,159
Net Book Value
As at 31 August 2024 2,499 8,085 2,323 12,907
As at 1 September 2023 3,332 9,841 3,097 16,270
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 3,500 3,500
Work in progress 10,000 -
13,500 3,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 61,319 156,134
Other debtors 451,713 448,657
513,032 604,791
Due after more than one year
Other debtors 5,052 5,052
518,084 609,843
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,325 41,419
Other creditors 22,856 34,269
Taxation and social security 29,736 36,192
81,917 111,880
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Martin Hart 34,566 39,746 39,682 - 34,502
The above loan is unsecured, interest free and repayable on demand.
Page 5