Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08668123 Mr N Crawshay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08668123 2023-08-31 08668123 2024-08-31 08668123 2023-09-01 2024-08-31 08668123 frs-core:CurrentFinancialInstruments 2024-08-31 08668123 frs-core:Non-currentFinancialInstruments 2024-08-31 08668123 frs-core:FurnitureFittings 2024-08-31 08668123 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08668123 frs-core:FurnitureFittings 2023-08-31 08668123 frs-core:PlantMachinery 2024-08-31 08668123 frs-core:PlantMachinery 2023-09-01 2024-08-31 08668123 frs-core:PlantMachinery 2023-08-31 08668123 frs-core:ShareCapital 2024-08-31 08668123 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08668123 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08668123 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08668123 frs-bus:SmallEntities 2023-09-01 2024-08-31 08668123 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08668123 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08668123 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 08668123 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 08668123 frs-bus:Director1 2023-09-01 2024-08-31 08668123 frs-bus:Director1 2023-08-31 08668123 frs-bus:Director1 2024-08-31 08668123 frs-core:CurrentFinancialInstruments 1 2024-08-31 08668123 frs-core:Non-currentFinancialInstruments 1 2024-08-31 08668123 frs-countries:EnglandWales 2023-09-01 2024-08-31 08668123 2022-08-31 08668123 2023-08-31 08668123 2022-09-01 2023-08-31 08668123 frs-core:CurrentFinancialInstruments 2023-08-31 08668123 frs-core:Non-currentFinancialInstruments 2023-08-31 08668123 frs-core:ShareCapital 2023-08-31 08668123 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08668123 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 08668123 frs-core:CurrentFinancialInstruments 1 2023-08-31 08668123 frs-core:Non-currentFinancialInstruments 1 2023-08-31
Registered number: 08668123
HostingIT4U Limited
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: 08668123
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 119,725 134,306
119,725 134,306
CURRENT ASSETS
Debtors 5 12,839 18,256
Cash at bank and in hand 2,628 2,289
15,467 20,545
Creditors: Amounts Falling Due Within One Year 6 (222,022 ) (150,277 )
NET CURRENT ASSETS (LIABILITIES) (206,555 ) (129,732 )
TOTAL ASSETS LESS CURRENT LIABILITIES (86,830 ) 4,574
Creditors: Amounts Falling Due After More Than One Year 7 (363,899 ) (267,805 )
NET LIABILITIES (450,729 ) (263,231 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 10 31,210 31,210
Profit and Loss Account (482,939 ) (295,441 )
SHAREHOLDERS' FUNDS (450,729) (263,231)
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 N Crawshay
Director
28/05/2025
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
HostingIT4U Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08668123 . The registered office is 207 Regent Street, London, W1B 3HH.
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. Going Concern Disclosure
The director have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. 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:
Plant & Machinery 33% RB
Fixtures & Fittings 15% RB
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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 operating profit.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statemnet of the financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 418,228 2,235 420,463
Additions 60,094 335 60,429
As at 31 August 2024 478,322 2,570 480,892
Depreciation
As at 1 September 2023 284,530 1,627 286,157
Provided during the period 74,852 158 75,010
As at 31 August 2024 359,382 1,785 361,167
Net Book Value
As at 31 August 2024 118,940 785 119,725
As at 1 September 2023 133,698 608 134,306
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,839 13,557
VAT - 4,699
12,839 18,256
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 98,281 86,734
Bank loans and overdrafts 25,530 12,075
Other taxes and social security 12,513 4,238
VAT 5,107 -
Pension contributions 582 484
Accruals and deferred income 1,816 1,553
Director's loan account 78,193 45,193
222,022 150,277
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 101,430 11,578
Long term director's loan 262,469 256,227
363,899 267,805
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Nigel Crawshay (301,420 ) (39,242 ) - - (340,662 )
The director has made an interest free loan to the company to support the ongoing business projects. The loan is unsecured an repayble after five year period. As at 31st August 2024 the outstanding balance is £340,662 (2023 : £301,420). 
10. Reserves
Fair Value Reserve
£
As at 1 September 2023 31,210
As at 31 August 2024 31,210
The company director and sole shareholder has provided an interest free loan to the business. The loan will be repayable after five years, 31st August 2025. To comply with FRS102 UK GAAP, a present value of the loan has been calculated based on the market interst of 2.5% per annum and has been posted to the reserve account. An annual interest charge of £6,242 will be released to the profit and loss account over five year period.
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