Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13512794 Mr Gurwinder Singh Mr Hardeep Bhandal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13512794 2023-07-31 13512794 2024-07-31 13512794 2023-08-01 2024-07-31 13512794 frs-core:CurrentFinancialInstruments 2024-07-31 13512794 frs-core:FurnitureFittings 2024-07-31 13512794 frs-core:FurnitureFittings 2023-08-01 2024-07-31 13512794 frs-core:FurnitureFittings 2023-07-31 13512794 frs-core:PlantMachinery 2024-07-31 13512794 frs-core:PlantMachinery 2023-08-01 2024-07-31 13512794 frs-core:PlantMachinery 2023-07-31 13512794 frs-core:ShareCapital 2024-07-31 13512794 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13512794 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13512794 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13512794 frs-bus:SmallEntities 2023-08-01 2024-07-31 13512794 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13512794 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13512794 frs-bus:Director1 2023-08-01 2024-07-31 13512794 frs-bus:Director2 2023-08-01 2024-07-31 13512794 frs-countries:EnglandWales 2023-08-01 2024-07-31 13512794 2022-07-31 13512794 2023-07-31 13512794 2022-08-01 2023-07-31 13512794 frs-core:CurrentFinancialInstruments 2023-07-31 13512794 frs-core:ShareCapital 2023-07-31 13512794 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13512794
H&g Northway Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Dual Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13512794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,605 69,949
55,605 69,949
CURRENT ASSETS
Debtors 5 2,370 1,124
Cash at bank and in hand 10,585 24,417
12,955 25,541
Creditors: Amounts Falling Due Within One Year 6 6,767 (9,485 )
NET CURRENT ASSETS (LIABILITIES) 19,722 16,056
TOTAL ASSETS LESS CURRENT LIABILITIES 75,327 86,005
NET ASSETS 75,327 86,005
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 75,227 85,905
SHAREHOLDERS' FUNDS 75,327 86,005
Page 1
Page 2
For the year ending 31 July 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 Hardeep Bhandal
Director
25/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
H&g Northway Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13512794 . The registered office is Office 10 Phoenix House, Hyssop Close, Cannock, Staffordshire, WS11 7GA.
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. 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:
Plant & Machinery 37261.74
Fixtures & Fittings 34459
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 52,030 46,609 98,639
As at 31 July 2024 52,030 46,609 98,639
Depreciation
As at 1 August 2023 14,906 13,784 28,690
Provided during the period 7,453 6,891 14,344
As at 31 July 2024 22,359 20,675 43,034
Net Book Value
As at 31 July 2024 29,671 25,934 55,605
As at 1 August 2023 37,124 32,825 69,949
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5. Debtors
2024 2023
£ £
Due within one year
VAT 2,370 1,124
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,596 2,470
Other taxes and social security - 1,156
Other creditors (10,363 ) (12,175 )
Accruals and deferred income - 3,000
Directors' loan accounts - 15,034
(6,767 ) 9,485
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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