Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11836325 Mr Tom Callahan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11836325 2024-02-29 11836325 2025-02-28 11836325 2024-03-01 2025-02-28 11836325 frs-core:CurrentFinancialInstruments 2025-02-28 11836325 frs-core:ComputerEquipment 2025-02-28 11836325 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11836325 frs-core:ComputerEquipment 2024-02-29 11836325 frs-core:FurnitureFittings 2025-02-28 11836325 frs-core:FurnitureFittings 2024-03-01 2025-02-28 11836325 frs-core:FurnitureFittings 2024-02-29 11836325 frs-core:ShareCapital 2025-02-28 11836325 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11836325 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11836325 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11836325 frs-bus:SmallEntities 2024-03-01 2025-02-28 11836325 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11836325 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11836325 frs-bus:Director1 2024-03-01 2025-02-28 11836325 frs-countries:EnglandWales 2024-03-01 2025-02-28 11836325 2023-02-28 11836325 2024-02-29 11836325 2023-03-01 2024-02-29 11836325 frs-core:CurrentFinancialInstruments 2024-02-29 11836325 frs-core:ShareCapital 2024-02-29 11836325 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11836325
Human Economics Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11836325
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,553 3,860
1,553 3,860
CURRENT ASSETS
Debtors 5 182,246 143,720
Cash at bank and in hand 94,308 38,246
276,554 181,966
Creditors: Amounts Falling Due Within One Year 6 (223,788 ) (151,122 )
NET CURRENT ASSETS (LIABILITIES) 52,766 30,844
TOTAL ASSETS LESS CURRENT LIABILITIES 54,319 34,704
PROVISIONS FOR LIABILITIES
Deferred Taxation (295 ) (734 )
NET ASSETS 54,024 33,970
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 53,924 33,870
SHAREHOLDERS' FUNDS 54,024 33,970
For the year ending 28 February 2025 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 Tom Callahan
Director
19 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Human Economics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11836325 . The registered office is 47b Hargrave Park, London, N19 5JW.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as 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
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:
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
2.6. 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 profit / loss before taxation.
2.7. Taxation
Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Page 2
Page 3
2.8. 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: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 4,594 6,479 11,073
As at 28 February 2025 4,594 6,479 11,073
Depreciation
As at 1 March 2024 3,058 4,155 7,213
Provided during the period 1,013 1,294 2,307
As at 28 February 2025 4,071 5,449 9,520
Net Book Value
As at 28 February 2025 523 1,030 1,553
As at 1 March 2024 1,536 2,324 3,860
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 56,681 129,132
Other debtors 125,565 14,588
182,246 143,720
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 49,307 79,024
Corporation tax 44,511 29,006
VAT 18,847 16,633
Accruals and deferred income 110,477 26,125
Director's loan account 646 334
223,788 151,122
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3