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 12047859 Mr Mitul Patel Mr Sanjay Patel Mr Yuen Fung Lam Miss Cho Yee Joey Tang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12047859 2023-06-30 12047859 2024-06-30 12047859 2023-07-01 2024-06-30 12047859 frs-core:CurrentFinancialInstruments 2024-06-30 12047859 frs-core:FurnitureFittings 2024-06-30 12047859 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12047859 frs-core:FurnitureFittings 2023-06-30 12047859 frs-core:NetGoodwill 2024-06-30 12047859 frs-core:NetGoodwill 2023-07-01 2024-06-30 12047859 frs-core:NetGoodwill 2023-06-30 12047859 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 12047859 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 12047859 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 12047859 frs-core:ShareCapital 2024-06-30 12047859 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12047859 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12047859 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12047859 frs-bus:SmallEntities 2023-07-01 2024-06-30 12047859 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12047859 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12047859 frs-bus:Director1 2023-07-01 2024-06-30 12047859 frs-bus:Director2 2023-07-01 2024-06-30 12047859 frs-bus:Director3 2023-07-01 2024-06-30 12047859 frs-bus:Director4 2023-07-01 2024-06-30 12047859 frs-countries:EnglandWales 2023-07-01 2024-06-30 12047859 2022-06-30 12047859 2023-06-30 12047859 2022-07-01 2023-06-30 12047859 frs-core:CurrentFinancialInstruments 2023-06-30 12047859 frs-core:ShareCapital 2023-06-30 12047859 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12047859
Hereford Hub Retail Limited
ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Mitul Patel
Mr Sanjay Patel
Mr Yuen Fung Lam
Miss Cho Yee Joey Tang
Company Number 12047859
Registered Office Hunts Pharmacy
205 Plumstead Road
Norwich
NR1 4AB
Business The Pharmacy Unit
Station Medical Centre
Station Approach
HR1 1BB
Accountants Saii AG
Chartered Certified Accountants
Suite37/38 Marshall House, 124 Middleton Road
Morden
Surrey
SM4 6RW
Bankers Barclays Bank Uk Plc
Lewisham 2
Leicester
United Kingdom
LE87 2BB
Page 1
Page 2
Balance Sheet
Registered number: 12047859
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 93,873 99,368
Tangible Assets 5 71,880 88,079
165,753 187,447
CURRENT ASSETS
Stocks 53,608 51,580
Debtors 6 413,160 324,289
Cash at bank and in hand 705,792 150,469
1,172,560 526,338
Creditors: Amounts Falling Due Within One Year 7 (590,374 ) (460,227 )
NET CURRENT ASSETS (LIABILITIES) 582,186 66,111
TOTAL ASSETS LESS CURRENT LIABILITIES 747,939 253,558
NET ASSETS 747,939 253,558
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 747,839 253,458
SHAREHOLDERS' FUNDS 747,939 253,558
Page 2
Page 3
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 Mitul Patel
Director
18 February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Hereford Hub Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12047859 . The registered office is Hunts Pharmacy, 205 Plumstead Road, Norwich, NR1 4AB.
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:
Leasehold over the lease term
Fixtures & Fittings 20% reducing balance
2.5. 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.
2.6. 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
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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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.10. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 109,900
As at 30 June 2024 109,900
Amortisation
As at 1 July 2023 10,532
Provided during the period 5,495
As at 30 June 2024 16,027
Net Book Value
As at 30 June 2024 93,873
As at 1 July 2023 99,368
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Page 6
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 1,332 127,112 128,444
Additions - 1,278 1,278
As at 30 June 2024 1,332 128,390 129,722
Depreciation
As at 1 July 2023 - 40,365 40,365
Provided during the period - 17,477 17,477
As at 30 June 2024 - 57,842 57,842
Net Book Value
As at 30 June 2024 1,332 70,548 71,880
As at 1 July 2023 1,332 86,747 88,079
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 306,206 200,710
Other debtors 106,954 123,579
413,160 324,289
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 265,633 406,346
Other creditors 147,497 5,916
Taxation and social security 177,244 47,965
590,374 460,227
8. Related Party Transactions
Mr Mitul Patel, Mr Sanjay Patel, Ms Cho Yee Joey Tang, Mr Yuen Fung Lam are Directors of Hereford Hub Retail Limited.
At the balance sheet date, the total amount owed by the company to the directors £5,000.00 The loans are interest free and repayable on demand.
During the year the company has declared dividend of £0.00 (2023: £0.00).
9. Other information
Hereford Hub Retail Limited is a private company limited by shares and incorporated in England. Its registered office is: 205 Plumstead Road
Norwich
United Kingdom
NR1 4AB
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