Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05200919 Mr J Grady Mr D Grady iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05200919 2023-08-31 05200919 2024-08-31 05200919 2023-09-01 2024-08-31 05200919 frs-core:CurrentFinancialInstruments 2024-08-31 05200919 frs-core:BetweenOneFiveYears 2024-08-31 05200919 frs-core:ComputerEquipment 2024-08-31 05200919 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05200919 frs-core:ComputerEquipment 2023-08-31 05200919 frs-core:FurnitureFittings 2024-08-31 05200919 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05200919 frs-core:FurnitureFittings 2023-08-31 05200919 frs-core:MotorVehicles 2024-08-31 05200919 frs-core:MotorVehicles 2023-09-01 2024-08-31 05200919 frs-core:MotorVehicles 2023-08-31 05200919 frs-core:PlantMachinery 2024-08-31 05200919 frs-core:PlantMachinery 2023-09-01 2024-08-31 05200919 frs-core:PlantMachinery 2023-08-31 05200919 frs-core:WithinOneYear 2024-08-31 05200919 frs-core:ShareCapital 2024-08-31 05200919 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05200919 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05200919 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05200919 frs-bus:SmallEntities 2023-09-01 2024-08-31 05200919 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05200919 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05200919 frs-bus:Director1 2023-09-01 2024-08-31 05200919 frs-bus:Director2 2023-09-01 2024-08-31 05200919 frs-countries:EnglandWales 2023-09-01 2024-08-31 05200919 2022-08-31 05200919 2023-08-31 05200919 2022-09-01 2023-08-31 05200919 frs-core:CurrentFinancialInstruments 2023-08-31 05200919 frs-core:BetweenOneFiveYears 2023-08-31 05200919 frs-core:WithinOneYear 2023-08-31 05200919 frs-core:ShareCapital 2023-08-31 05200919 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05200919
Higrade Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05200919
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,431 34,837
Investment Properties 5 181,573 -
232,004 34,837
CURRENT ASSETS
Debtors 6 258,272 29,751
Cash at bank and in hand 284,644 294,169
542,916 323,920
Creditors: Amounts Falling Due Within One Year 7 (576,146 ) (161,668 )
NET CURRENT ASSETS (LIABILITIES) (33,230 ) 162,252
TOTAL ASSETS LESS CURRENT LIABILITIES 198,774 197,089
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,608 ) (8,709 )
NET ASSETS 186,166 188,380
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 186,066 188,280
SHAREHOLDERS' FUNDS 186,166 188,380
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For the year ending 31 August 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 J Grady
Director
1 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Higrade Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05200919 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 and machinery 20% Reducing balance
Motor vehicles 20% Reducing balance
Fixtures and fittings 20% Reducing balance
Computer equipment 20% Reducing balance
2.4. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant and machinery Motor vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 2,783 38,323 978 2,892 44,976
Additions - 18,420 4,876 4,904 28,200
As at 31 August 2024 2,783 56,743 5,854 7,796 73,176
Depreciation
As at 1 September 2023 1,072 8,145 196 726 10,139
Provided during the period 342 9,719 1,131 1,414 12,606
As at 31 August 2024 1,414 17,864 1,327 2,140 22,745
Net Book Value
As at 31 August 2024 1,369 38,879 4,527 5,656 50,431
As at 1 September 2023 1,711 30,178 782 2,166 34,837
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 -
Additions 181,573
As at 31 August 2024 181,573
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 181,573 -
The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 200,668 -
Other debtors 57,604 29,751
258,272 29,751
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 411,559 61,738
Other creditors 3,657 1,980
Taxation and social security 160,930 97,950
576,146 161,668
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,671 4,671
Later than one year and not later than five years 19,467 24,139
24,138 28,810
10. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
11. Related Party Transactions
The following related party transactions were undertaken during the year:
A director during the period introduced amounts totalling £135,912 and withdrew amounts totalling £135,993 (2023: introduced amounts totalling £114,912 and withdrew amounts totalling £117,823). At the balance sheet the amount payable to the director was £8 (2023: £89).
A director during the period introduced amounts totalling £149,412 and withdrew amounts totalling £149,425 (2023: introduced amounts totalling £128,885 and withdrew amounts totalling £136,001). At the balance sheet the amount payable to the director was £78 (2023: £91).
Dividends were paid to the directors in respect of their shareholdings totalling £264,700 (2023: £242,800).
The aggregate remuneration paid to key management personnel for the year was £20,000 (2023: £33,030).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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