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 05841120 Mr Christopher Hanman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05841120 2023-06-30 05841120 2024-06-30 05841120 2023-07-01 2024-06-30 05841120 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05841120 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05841120 frs-core:MotorVehicles 2023-07-01 2024-06-30 05841120 frs-core:PlantMachinery 2023-07-01 2024-06-30 05841120 frs-core:ShareCapital 2024-06-30 05841120 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05841120 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05841120 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 05841120 frs-bus:SmallEntities 2023-07-01 2024-06-30 05841120 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05841120 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05841120 frs-bus:Director1 2023-07-01 2024-06-30 05841120 frs-countries:EnglandWales 2023-07-01 2024-06-30 05841120 2022-06-30 05841120 2023-06-30 05841120 2022-07-01 2023-06-30 05841120 frs-core:ShareCapital 2023-06-30 05841120 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05841120
THG Developments Limited
ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Nicholson Tax & Accounts
8 Chapel Street
Belper
DE56 1AR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05841120
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,153 4,936
4,153 4,936
CURRENT ASSETS
Stocks 1,575 4,072
Debtors 11,586 38,573
Cash at bank and in hand 113 -
13,274 42,645
Creditors: Amounts Falling Due Within One Year (12,582 ) (22,808 )
NET CURRENT ASSETS (LIABILITIES) 692 19,837
TOTAL ASSETS LESS CURRENT LIABILITIES 4,845 24,773
NET ASSETS 4,845 24,773
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and Loss Account 3,845 23,773
SHAREHOLDERS' FUNDS 4,845 24,773
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Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Christopher Hanman
Director
20th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
THG Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05841120 . The registered office is 7a Buttery Lane, Sutton-In-Ashfield, NG17 3DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 20% on reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates 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 balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
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4. Tangible Assets
Total
£
Cost
As at 1 July 2023 30,798
Additions 482
As at 30 June 2024 31,280
Depreciation
As at 1 July 2023 25,862
Provided during the period 1,265
As at 30 June 2024 27,127
Net Book Value
As at 30 June 2024 4,153
As at 1 July 2023 4,936
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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