Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13574380 Mr Paul Rosser Ms Holly Willcocks Mr Edwin Frost Mr Daniel Eilenberg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13574380 2023-08-31 13574380 2024-08-31 13574380 2023-09-01 2024-08-31 13574380 frs-core:CurrentFinancialInstruments 2024-08-31 13574380 frs-core:Non-currentFinancialInstruments 2024-08-31 13574380 frs-core:ComputerEquipment 2024-08-31 13574380 frs-core:ComputerEquipment 2023-09-01 2024-08-31 13574380 frs-core:ComputerEquipment 2023-08-31 13574380 frs-core:PlantMachinery 2024-08-31 13574380 frs-core:PlantMachinery 2023-09-01 2024-08-31 13574380 frs-core:PlantMachinery 2023-08-31 13574380 frs-core:ShareCapital 2024-08-31 13574380 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13574380 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13574380 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 13574380 frs-bus:SmallEntities 2023-09-01 2024-08-31 13574380 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13574380 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13574380 frs-bus:Director1 2023-09-01 2024-08-31 13574380 frs-bus:Director2 2023-09-01 2024-08-31 13574380 frs-bus:Director3 2023-09-01 2024-08-31 13574380 frs-bus:Director4 2023-09-01 2024-08-31 13574380 frs-core:CurrentFinancialInstruments 1 2024-08-31 13574380 frs-core:Non-currentFinancialInstruments 1 2024-08-31 13574380 frs-countries:EnglandWales 2023-09-01 2024-08-31 13574380 2022-08-31 13574380 2023-08-31 13574380 2022-09-01 2023-08-31 13574380 frs-core:CurrentFinancialInstruments 2023-08-31 13574380 frs-core:Non-currentFinancialInstruments 2023-08-31 13574380 frs-core:ShareCapital 2023-08-31 13574380 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13574380 frs-core:CurrentFinancialInstruments 1 2023-08-31 13574380 frs-core:Non-currentFinancialInstruments 1 2023-08-31
Registered number: 13574380
Half Cut Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Michaels Tax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13574380
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,794 12,443
15,794 12,443
CURRENT ASSETS
Stocks 5 10,650 10,650
Debtors 6 4,800 -
Cash at bank and in hand 18,828 28,919
34,278 39,569
Creditors: Amounts Falling Due Within One Year 7 (37,815 ) (22,568 )
NET CURRENT ASSETS (LIABILITIES) (3,537 ) 17,001
TOTAL ASSETS LESS CURRENT LIABILITIES 12,257 29,444
Creditors: Amounts Falling Due After More Than One Year 8 (36,760 ) (35,260 )
NET LIABILITIES (24,503 ) (5,816 )
CAPITAL AND RESERVES
Called up share capital 9 30,100 30,100
Profit and Loss Account (54,603 ) (35,916 )
SHAREHOLDERS' FUNDS (24,503) (5,816)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Daniel Eilenberg
Director
16/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Half Cut Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13574380 . The registered office is 18-22 Ashwin Street, Colourworks 209, London, E8 3DL.
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:
Plant & Machinery 20% straight line basis
Computer Equipment 20% straight line basis
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 4)
8 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 17,380 377 17,757
Additions 7,494 - 7,494
As at 31 August 2024 24,874 377 25,251
Depreciation
As at 1 September 2023 5,131 183 5,314
Provided during the period 3,949 194 4,143
As at 31 August 2024 9,080 377 9,457
...CONTINUED
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Page 4
Net Book Value
As at 31 August 2024 15,794 - 15,794
As at 1 September 2023 12,249 194 12,443
5. Stocks
2024 2023
£ £
Finished goods 10,650 10,650
6. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Property deposit 4,800 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 4,040 1,649
VAT 8,165 4,239
Net wages 12,919 4,780
Pensions payable 291 -
Accruals and deferred income 500 -
Directors' loan accounts 11,900 11,900
37,815 22,568
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
C&IB Limited Loan 36,760 35,260
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,100 30,100
Page 4