Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06988909 Mr Y Jiang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06988909 2023-08-31 06988909 2024-08-31 06988909 2023-09-01 2024-08-31 06988909 frs-core:CurrentFinancialInstruments 2024-08-31 06988909 frs-core:Non-currentFinancialInstruments 2024-08-31 06988909 frs-core:ComputerEquipment 2024-08-31 06988909 frs-core:ComputerEquipment 2023-09-01 2024-08-31 06988909 frs-core:ComputerEquipment 2023-08-31 06988909 frs-core:FurnitureFittings 2024-08-31 06988909 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06988909 frs-core:FurnitureFittings 2023-08-31 06988909 frs-core:NetGoodwill 2024-08-31 06988909 frs-core:NetGoodwill 2023-09-01 2024-08-31 06988909 frs-core:NetGoodwill 2023-08-31 06988909 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 06988909 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06988909 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 06988909 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 06988909 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06988909 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 06988909 frs-core:MotorVehicles 2024-08-31 06988909 frs-core:MotorVehicles 2023-09-01 2024-08-31 06988909 frs-core:MotorVehicles 2023-08-31 06988909 frs-core:PlantMachinery 2024-08-31 06988909 frs-core:PlantMachinery 2023-09-01 2024-08-31 06988909 frs-core:PlantMachinery 2023-08-31 06988909 frs-core:RevaluationReserve 2023-08-31 06988909 frs-core:RevaluationReserve 2024-08-31 06988909 frs-core:ShareCapital 2024-08-31 06988909 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06988909 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06988909 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06988909 frs-bus:SmallEntities 2023-09-01 2024-08-31 06988909 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06988909 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06988909 frs-core:UnlistedNon-exchangeTraded 2024-08-31 06988909 frs-core:UnlistedNon-exchangeTraded 2023-08-31 06988909 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 06988909 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 06988909 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 06988909 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 06988909 frs-bus:Director1 2023-09-01 2024-08-31 06988909 frs-countries:EnglandWales 2023-09-01 2024-08-31 06988909 2022-08-31 06988909 2023-08-31 06988909 2022-09-01 2023-08-31 06988909 frs-core:CurrentFinancialInstruments 2023-08-31 06988909 frs-core:Non-currentFinancialInstruments 2023-08-31 06988909 frs-core:RevaluationReserve 2023-08-31 06988909 frs-core:ShareCapital 2023-08-31 06988909 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06988909
Hang Won Hong (Leeds) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Overpaidtax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06988909
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,634,134 513,013
Investments 6 959,856 959,856
2,593,990 1,472,869
CURRENT ASSETS
Stocks 7 65,000 205,000
Debtors 8 16,692 99,603
Cash at bank and in hand 57,493 636,442
139,185 941,045
Creditors: Amounts Falling Due Within One Year 9 (511,647 ) (375,776 )
NET CURRENT ASSETS (LIABILITIES) (372,462 ) 565,269
TOTAL ASSETS LESS CURRENT LIABILITIES 2,221,528 2,038,138
Creditors: Amounts Falling Due After More Than One Year 10 (601,171 ) (685,775 )
NET ASSETS 1,620,357 1,352,363
CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 162,321 162,321
Profit and Loss Account 1,458,035 1,190,041
SHAREHOLDERS' FUNDS 1,620,357 1,352,363
Page 1
Page 2
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 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 Y Jiang
Director
08/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hang Won Hong (Leeds) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06988909 . The registered office is 113 Vicar Lan, Leeds, LS1 6PJ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Freehold 5% straight line
Leasehold 15% straight line
Plant & Machinery 15% straight line
Motor Vehicles 15% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 15% straight line
2.5. 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.
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2.6. 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 year, 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 year was: 41 (2023: 41)
41 41
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 345,750
As at 31 August 2024 345,750
Amortisation
As at 1 September 2023 345,750
As at 31 August 2024 345,750
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 September 2023 20,370 21,375 24,010 92,432
Additions 1,177,962 - - -
As at 31 August 2024 1,198,332 21,375 24,010 92,432
...CONTINUED
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Page 5
Depreciation
As at 1 September 2023 4,074 21,375 24,010 49,990
Provided during the period - - - 6,366
As at 31 August 2024 4,074 21,375 24,010 56,356
Net Book Value
As at 31 August 2024 1,194,258 - - 36,076
As at 1 September 2023 16,296 - - 42,442
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 684,890 4,448 847,525
Additions - - 1,177,962
As at 31 August 2024 684,890 4,448 2,025,487
Depreciation
As at 1 September 2023 230,615 4,448 334,512
Provided during the period 50,475 - 56,841
As at 31 August 2024 281,090 4,448 391,353
Net Book Value
As at 31 August 2024 403,800 - 1,634,134
As at 1 September 2023 454,275 - 513,013
6. Investments
Unlisted
£
Cost
As at 1 September 2023 959,856
As at 31 August 2024 959,856
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 959,856
As at 1 September 2023 959,856
7. Stocks
2024 2023
£ £
Finished goods 65,000 205,000
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8. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 67,827
Other debtors 16,692 31,776
16,692 99,603
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 179,519 151,657
Bank loans and overdrafts 64,240 27,820
Other creditors 177,961 71,091
Taxation and social security 89,927 125,208
511,647 375,776
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 555,160 47,752
Other creditors 46,011 638,023
601,171 685,775
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
12. Reserves
Revaluation Reserve
£
As at 1 September 2023 162,321
As at 31 August 2024 162,321
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