Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12718785 Hope Wyatt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12718785 2023-07-31 12718785 2024-07-31 12718785 2023-08-01 2024-07-31 12718785 frs-core:CurrentFinancialInstruments 2024-07-31 12718785 frs-core:ComputerEquipment 2024-07-31 12718785 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12718785 frs-core:ComputerEquipment 2023-07-31 12718785 frs-core:ShareCapital 2024-07-31 12718785 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12718785 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12718785 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12718785 frs-bus:SmallEntities 2023-08-01 2024-07-31 12718785 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12718785 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12718785 frs-bus:Director1 2023-08-01 2024-07-31 12718785 frs-countries:EnglandWales 2023-08-01 2024-07-31 12718785 2022-07-31 12718785 2023-07-31 12718785 2022-08-01 2023-07-31 12718785 frs-core:CurrentFinancialInstruments 2023-07-31 12718785 frs-core:ShareCapital 2023-07-31 12718785 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12718785
By Hope Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12718785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,307 3,077
2,307 3,077
CURRENT ASSETS
Stocks 5 4,435 4,599
Debtors 6 6,362 360
Cash at bank and in hand 24,038 9,122
34,835 14,081
Creditors: Amounts Falling Due Within One Year 7 (47,608 ) (46,402 )
NET CURRENT ASSETS (LIABILITIES) (12,773 ) (32,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,466 ) (29,244 )
NET LIABILITIES (10,466 ) (29,244 )
CAPITAL AND RESERVES
Called up share capital 8 100 -
Profit and Loss Account (10,566 ) (29,244 )
SHAREHOLDERS' FUNDS (10,466) (29,244)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Hope Wyatt
Director
29/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
By Hope Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12718785 . The registered office is Fifth Floor Mariner House, 62 Prince Street, Bristol, BS1 4QD.
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:
Computer Equipment 25% reducing balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 3,960
As at 31 July 2024 3,960
Depreciation
As at 1 August 2023 883
Provided during the period 770
As at 31 July 2024 1,653
Net Book Value
As at 31 July 2024 2,307
As at 1 August 2023 3,077
5. Stocks
2024 2023
£ £
Stock 4,435 4,599
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,362 69
Other debtors - 291
6,362 360
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 148 53
VAT 2,166 128
Other creditors 540 4,183
Accruals 950 -
Director's loan account 43,804 42,038
47,608 46,402
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 -
Page 5