Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12898384 Mr Andre Anthony iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12898384 2023-09-30 12898384 2024-09-30 12898384 2023-10-01 2024-09-30 12898384 frs-core:CurrentFinancialInstruments 2024-09-30 12898384 frs-core:ComputerEquipment 2024-09-30 12898384 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12898384 frs-core:ComputerEquipment 2023-09-30 12898384 frs-core:FurnitureFittings 2024-09-30 12898384 frs-core:FurnitureFittings 2023-10-01 2024-09-30 12898384 frs-core:FurnitureFittings 2023-09-30 12898384 frs-core:MotorVehicles 2024-09-30 12898384 frs-core:MotorVehicles 2023-10-01 2024-09-30 12898384 frs-core:MotorVehicles 2023-09-30 12898384 frs-core:ShareCapital 2024-09-30 12898384 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12898384 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12898384 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12898384 frs-bus:SmallEntities 2023-10-01 2024-09-30 12898384 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12898384 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12898384 frs-bus:Director1 2023-10-01 2024-09-30 12898384 frs-countries:EnglandWales 2023-10-01 2024-09-30 12898384 2022-09-30 12898384 2023-09-30 12898384 2022-10-01 2023-09-30 12898384 frs-core:CurrentFinancialInstruments 2023-09-30 12898384 frs-core:ShareCapital 2023-09-30 12898384 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12898384 frs-core:CurrentFinancialInstruments 1 2023-09-30 12898384 frs-core:CurrentFinancialInstruments 2 2023-09-30
Registered number: 12898384
Hgv Learning Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12898384
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,758 23,499
18,758 23,499
CURRENT ASSETS
Debtors 5 289,179 581,867
Cash at bank and in hand 196,770 227,829
485,949 809,696
Creditors: Amounts Falling Due Within One Year 6 (34,085 ) (210,812 )
NET CURRENT ASSETS (LIABILITIES) 451,864 598,884
TOTAL ASSETS LESS CURRENT LIABILITIES 470,622 622,383
NET ASSETS 470,622 622,383
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 470,621 622,382
SHAREHOLDERS' FUNDS 470,622 622,383
For the year ending 30 September 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 Andre Anthony
Director
14/05/2025
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
Hgv Learning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12898384 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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.
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:
Motor Vehicles 25% Reducing balacne method
Fixtures & Fittings 25% Reducing balacne method
Computer Equipment 33.33% On cost
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 36,250 2,312 5,804 44,366
Additions - - 2,360 2,360
As at 30 September 2024 36,250 2,312 8,164 46,726
Depreciation
As at 1 October 2023 16,287 1,214 3,366 20,867
Provided during the period 4,990 275 1,836 7,101
As at 30 September 2024 21,277 1,489 5,202 27,968
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 September 2024 14,973 823 2,962 18,758
As at 1 October 2023 19,963 1,098 2,438 23,499
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 246,185 537,325
Prepayments and accrued income 1,887 4,819
Other debtors - Gocardless - 27,075
Other debtors - Stripe - 12,648
Corporation tax recoverable assets 41,107 -
289,179 581,867
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1,259 ) (18,780 )
Corporation tax - 81,438
Other taxes and social security 343 353
VAT 30,932 132,572
Net wages 1,157 981
Pension payable 160 -
Accruals and deferred income 1,482 2,249
Director's loan account 1,270 11,999
34,085 210,812
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3