Acorah Software Products - Accounts Production 16.1.300 false true false 10 January 2024 31 January 2025 31 January 2025 15404459 Mr Stuart Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15404459 2024-01-09 15404459 2025-01-31 15404459 2024-01-10 2025-01-31 15404459 frs-core:CurrentFinancialInstruments 2025-01-31 15404459 frs-core:MotorVehicles 2025-01-31 15404459 frs-core:MotorVehicles 2024-01-10 2025-01-31 15404459 frs-core:MotorVehicles 2024-01-09 15404459 frs-core:ShareCapital 2025-01-31 15404459 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 15404459 frs-bus:PrivateLimitedCompanyLtd 2024-01-10 2025-01-31 15404459 frs-bus:FilletedAccounts 2024-01-10 2025-01-31 15404459 frs-bus:SmallEntities 2024-01-10 2025-01-31 15404459 frs-bus:AuditExempt-NoAccountantsReport 2024-01-10 2025-01-31 15404459 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-10 2025-01-31 15404459 frs-bus:Director1 2024-01-10 2025-01-31 15404459 frs-countries:EnglandWales 2024-01-10 2025-01-31
Registered number: 15404459
Use Hughes Limited
Unaudited Financial Statements
For the Period 10 January 2024 to 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15404459
31 January 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,775
2,775
CURRENT ASSETS
Debtors 5 15,773
Cash at bank and in hand 4,476
20,249
Creditors: Amounts Falling Due Within One Year 6 (22,438 )
NET CURRENT ASSETS (LIABILITIES) (2,189 )
TOTAL ASSETS LESS CURRENT LIABILITIES 586
NET ASSETS 586
CAPITAL AND RESERVES
Called up share capital 7 10
Profit and Loss Account 576
SHAREHOLDERS' FUNDS 586
For the period ending 31 January 2025 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 Stuart Hughes
Director
17th March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Use Hughes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15404459 . The registered office is 5 Kings Road, Golborne, Warrington, WA3 3PH.
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.
2.3. 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:
Motor Vehicles 25% Reducing Balance
2.4. 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.
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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
Page 2
Page 3
4. Tangible Assets
Motor Vehicles
£
Cost
As at 10 January 2024 -
Additions 3,700
As at 31 January 2025 3,700
Depreciation
As at 10 January 2024 -
Provided during the period 925
As at 31 January 2025 925
Net Book Value
As at 31 January 2025 2,775
As at 10 January 2024 -
5. Debtors
31 January 2025
£
Due within one year
Trade debtors 15,773
6. Creditors: Amounts Falling Due Within One Year
31 January 2025
£
Other creditors 7,685
Taxation and social security 14,753
22,438
7. Share Capital
31 January 2025
£
Allotted, Called up and fully paid 10
Page 3