Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 November 2022 false 1 January 2024 31 December 2024 31 December 2024 09266316 Mr Sam Kamali-Zonouzi Mr Leonard Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09266316 2023-12-31 09266316 2024-12-31 09266316 2024-01-01 2024-12-31 09266316 frs-core:CurrentFinancialInstruments 2024-12-31 09266316 frs-core:Non-currentFinancialInstruments 2024-12-31 09266316 frs-core:ComputerEquipment 2024-12-31 09266316 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09266316 frs-core:ComputerEquipment 2023-12-31 09266316 frs-core:FurnitureFittings 2024-12-31 09266316 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09266316 frs-core:FurnitureFittings 2023-12-31 09266316 frs-core:NetGoodwill 2024-12-31 09266316 frs-core:NetGoodwill 2024-01-01 2024-12-31 09266316 frs-core:NetGoodwill 2023-12-31 09266316 frs-core:ShareCapital 2024-12-31 09266316 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09266316 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09266316 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09266316 frs-bus:SmallEntities 2024-01-01 2024-12-31 09266316 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09266316 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09266316 frs-bus:Director1 2024-01-01 2024-12-31 09266316 frs-bus:Director2 2024-01-01 2024-12-31 09266316 frs-countries:EnglandWales 2024-01-01 2024-12-31 09266316 2022-10-31 09266316 2023-12-31 09266316 2022-11-01 2023-12-31 09266316 frs-core:CurrentFinancialInstruments 2023-12-31 09266316 frs-core:Non-currentFinancialInstruments 2023-12-31 09266316 frs-core:ShareCapital 2023-12-31 09266316 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09266316
Newton Huxley Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Wheatley & Co
Chartered Accountants
Bridge House
11 Creek Road
Molesey
Surrey
KT8 9BE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09266316
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 200,441 200,441
Tangible Assets 5 21,210 26,512
221,651 226,953
CURRENT ASSETS
Debtors 6 338,694 230,525
Cash at bank and in hand 25,869 35,369
364,563 265,894
Creditors: Amounts Falling Due Within One Year 7 (236,825 ) (121,400 )
NET CURRENT ASSETS (LIABILITIES) 127,738 144,494
TOTAL ASSETS LESS CURRENT LIABILITIES 349,389 371,447
Creditors: Amounts Falling Due After More Than One Year 8 (333,312 ) (370,688 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (311 ) (311 )
NET ASSETS 15,766 448
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 15,764 446
SHAREHOLDERS' FUNDS 15,766 448
Page 1
Page 2
For the year ending 31 December 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 Sam Kamali-Zonouzi
Director
24/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Newton Huxley Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09266316 . The registered office is 87, Woodfield Road, KT7 0DS.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Fixtures & Fittings 20 % of Written Down Value
Computer Equipment 20% of Written Down Value
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2.5. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 10)
9 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 200,441
As at 31 December 2024 200,441
Net Book Value
As at 31 December 2024 200,441
As at 1 January 2024 200,441
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 - 68,461 68,461
As at 31 December 2024 - 68,461 68,461
Depreciation
As at 1 January 2024 - 41,949 41,949
Provided during the period 5,302 - 5,302
As at 31 December 2024 5,302 41,949 47,251
Net Book Value
As at 31 December 2024 (5,302 ) 26,512 21,210
As at 1 January 2024 - 26,512 26,512
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 61,376 66,076
Prepayments and accrued income - 3,416
Other debtors 12,512 96,553
Directors' loan accounts 15,611 -
Amounts owed by associates 136,172 64,480
225,671 230,525
Due after more than one year
Amounts owed by associates 113,023 -
338,694 230,525
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7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Bank loans and overdrafts 13,124 6,400
Other loans 1,000 -
Corporation tax 52,095 33,308
Other taxes and social security 47,176 4,632
VAT 63,536 29,192
Accruals and deferred income 6,195 3,315
Amounts owed to associates 53,699 44,553
236,825 121,400
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 333,312 370,688
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
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