Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 03147887 Mr N Florry Mrs C Florry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03147887 2024-01-31 03147887 2025-01-31 03147887 2024-02-01 2025-01-31 03147887 frs-core:CurrentFinancialInstruments 2025-01-31 03147887 frs-core:PlantMachinery 2025-01-31 03147887 frs-core:PlantMachinery 2024-02-01 2025-01-31 03147887 frs-core:PlantMachinery 2024-01-31 03147887 frs-core:ShareCapital 2025-01-31 03147887 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 03147887 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03147887 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 03147887 frs-bus:SmallEntities 2024-02-01 2025-01-31 03147887 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03147887 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03147887 frs-bus:Director1 2024-02-01 2025-01-31 03147887 frs-bus:Director2 2024-02-01 2025-01-31 03147887 frs-countries:EnglandWales 2024-02-01 2025-01-31 03147887 2023-01-31 03147887 2024-01-31 03147887 2023-02-01 2024-01-31 03147887 frs-core:CurrentFinancialInstruments 2024-01-31 03147887 frs-core:ShareCapital 2024-01-31 03147887 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 03147887
Hackroom Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03147887
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 127
- 127
CURRENT ASSETS
Stocks 5 - 595,819
Debtors 6 1,394 213,141
Cash at bank and in hand 764,584 631,393
765,978 1,440,353
Creditors: Amounts Falling Due Within One Year 7 (30,467 ) (498,293 )
NET CURRENT ASSETS (LIABILITIES) 735,511 942,060
TOTAL ASSETS LESS CURRENT LIABILITIES 735,511 942,187
NET ASSETS 735,511 942,187
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement 735,509 942,185
SHAREHOLDERS' FUNDS 735,511 942,187
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For the year ending 31 January 2025 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 Income Statement.
On behalf of the board
Mr N Florry
Director
12 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hackroom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03147887 . The registered office is 2nd Floor Gadd House, Arcadia Avenue, London, N3 2JU.
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 25% on written down value
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.
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2.5. 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: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2024 15,868
As at 31 January 2025 15,868
Depreciation
As at 1 February 2024 15,741
Provided during the period 127
As at 31 January 2025 15,868
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 127
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5. Stocks
2025 2024
£ £
Stock - 595,819
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 208,557
Other debtors 1,394 12
Corporation tax refund - 4,572
1,394 213,141
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 376,417
Other taxes and social security 11,542 112,935
Other creditors 18,421 8,434
Directors' loan accounts 504 507
30,467 498,293
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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