Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09159885 Mr M J Harvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09159885 2023-08-31 09159885 2024-08-31 09159885 2023-09-01 2024-08-31 09159885 frs-core:CurrentFinancialInstruments 2024-08-31 09159885 frs-core:Non-currentFinancialInstruments 2024-08-31 09159885 frs-core:ComputerEquipment 2024-08-31 09159885 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09159885 frs-core:ComputerEquipment 2023-08-31 09159885 frs-core:FurnitureFittings 2024-08-31 09159885 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09159885 frs-core:FurnitureFittings 2023-08-31 09159885 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 09159885 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 09159885 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 09159885 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 09159885 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09159885 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 09159885 frs-core:PlantMachinery 2024-08-31 09159885 frs-core:PlantMachinery 2023-09-01 2024-08-31 09159885 frs-core:PlantMachinery 2023-08-31 09159885 frs-core:ShareCapital 2024-08-31 09159885 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09159885 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09159885 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09159885 frs-bus:SmallEntities 2023-09-01 2024-08-31 09159885 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09159885 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09159885 frs-bus:Director1 2023-09-01 2024-08-31 09159885 frs-countries:EnglandWales 2023-09-01 2024-08-31 09159885 2022-08-31 09159885 2023-08-31 09159885 2022-09-01 2023-08-31 09159885 frs-core:CurrentFinancialInstruments 2023-08-31 09159885 frs-core:Non-currentFinancialInstruments 2023-08-31 09159885 frs-core:ShareCapital 2023-08-31 09159885 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09159885
Michael Harvey Photography Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Goldwyns London LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09159885
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,535 190,041
7,535 190,041
CURRENT ASSETS
Debtors 5 4,960 2,091
Cash at bank and in hand 813 1,490
5,773 3,581
Creditors: Amounts Falling Due Within One Year 6 (307,441 ) (453,172 )
NET CURRENT ASSETS (LIABILITIES) (301,668 ) (449,591 )
TOTAL ASSETS LESS CURRENT LIABILITIES (294,133 ) (259,550 )
Creditors: Amounts Falling Due After More Than One Year 7 (6,597 ) (7,986 )
NET LIABILITIES (300,730 ) (267,536 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (300,732 ) (267,538 )
SHAREHOLDERS' FUNDS (300,730) (267,536)
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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 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 M J Harvey
Director
04/03/2025
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
Michael Harvey Photography Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09159885 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will  continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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:
Freehold 4% on cost
Improvement property 4% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 50% on cost
2.5. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.6. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7. 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, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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2.8. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Improvement property Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2023 193,800 72,758 89,576 20,266
Additions - - 525 -
Disposals (193,800 ) (72,758 ) - -
As at 31 August 2024 - - 90,101 20,266
Depreciation
As at 1 September 2023 67,830 23,901 74,362 20,266
Provided during the period 7,752 2,911 8,204 -
Disposals (75,582 ) (26,812 ) - -
As at 31 August 2024 - - 82,566 20,266
Net Book Value
As at 31 August 2024 - - 7,535 -
As at 1 September 2023 125,970 48,857 15,214 -
Computer Equipment Total
£ £
Cost
As at 1 September 2023 14,120 390,520
Additions - 525
Disposals - (266,558 )
As at 31 August 2024 14,120 124,487
Depreciation
As at 1 September 2023 14,120 200,479
Provided during the period - 18,867
Disposals - (102,394 )
As at 31 August 2024 14,120 116,952
...CONTINUED
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Net Book Value
As at 31 August 2024 - 7,535
As at 1 September 2023 - 190,041
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,960 1,900
Prepayments and accrued income - 191
4,960 2,091
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,547 2,096
Bank loans and overdrafts 1,389 1,389
Other taxes and social security 41 31
VAT 63 346
Other creditors 1,646 -
Accruals and deferred income 1,220 1,450
Director's loan account 300,535 447,860
307,441 453,172
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,597 7,986
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
The nominal value per share is £2 and as at the year-end there is 2 Ordinary share in issue.
9. Related Party Transactions
The Director's loan account balance of Mr M Harvey as at the year-end is £300,535. This amount is a current liability, interest free and repayable on demand.
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