Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02638728 T Dewar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02638728 2023-12-31 02638728 2024-12-31 02638728 2024-01-01 2024-12-31 02638728 frs-core:CurrentFinancialInstruments 2024-12-31 02638728 frs-core:Non-currentFinancialInstruments 2024-12-31 02638728 frs-core:ComputerEquipment 2024-12-31 02638728 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02638728 frs-core:ComputerEquipment 2023-12-31 02638728 frs-core:FurnitureFittings 2024-12-31 02638728 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02638728 frs-core:FurnitureFittings 2023-12-31 02638728 frs-core:ShareCapital 2024-12-31 02638728 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02638728 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02638728 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02638728 frs-bus:SmallEntities 2024-01-01 2024-12-31 02638728 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02638728 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02638728 frs-bus:Director1 2024-01-01 2024-12-31 02638728 frs-countries:EnglandWales 2024-01-01 2024-12-31 02638728 2022-12-31 02638728 2023-12-31 02638728 2023-01-01 2023-12-31 02638728 frs-core:CurrentFinancialInstruments 2023-12-31 02638728 frs-core:Non-currentFinancialInstruments 2023-12-31 02638728 frs-core:ShareCapital 2023-12-31 02638728 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02638728
Hartley McMaster Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Composure Accounting & Taxation Limited
Chartered Accountants & Chartered Tax Advisers
Hartley McMaster Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Hartley McMaster Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 02638728

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 4,814 |  | 4,904
|  |  | 4,814 |  | 4,904
CURRENT ASSETS
Debtors | 5 | 501,180 |  | 467,706 |
Cash at bank and in hand |  | 88,766 |  | 62,874 |
|  | 589,946 |  | 530,580 |
Creditors: Amounts Falling Due Within One Year | 6 | (125,605 ) |  | (225,936 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 464,341 |  | 304,644
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 469,155 |  | 309,548
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (123,669 ) |  | (70,608 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (915 ) |  | (932 )
NET ASSETS |  |  | 344,571 |  | 238,008
CAPITAL AND RESERVES
Called up share capital | 8 |  | 50 |  | 50
Profit and Loss Account |  |  | 344,521 |  | 237,958
SHAREHOLDERS' FUNDS |  |  | 344,571 |  | 238,008

Page 1
Page 2
Hartley McMaster Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 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

T Dewar Director
19 June 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Hartley McMaster Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Hartley McMaster Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02638728 . The registered office is 167-169 Great Portland Street, Fifth Floor, London, W1W 5PF.
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:

Fixtures & Fittings | 15% reducing balance
Computer Equipment | 25% reducing balance

2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 and Section 12 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 cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.
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.
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Page 4
Hartley McMaster Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. 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.
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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.10. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 5,474 | 18,989 | 24,463
Additions | 347 | 1,416 | 1,763
Disposals | (4,903 ) | (6,886 ) | (11,789 )
As at 31 December 2024 | 918 | 13,519 | 14,437

...CONTINUED
Page 4
Page 5
Hartley McMaster Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024 | 4,956 | 14,603 | 19,559
Provided during the period | 58 | 1,065 | 1,123
Disposals | (4,721 ) | (6,338 ) | (11,059 )
As at 31 December 2024 | 293 | 9,330 | 9,623
Net Book Value
As at 31 December 2024 | 625 | 4,189 | 4,814
As at 1 January 2024 | 518 | 4,386 | 4,904

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 41,750 |  | 35,382
Prepayments and accrued income | 59,036 |  | 31,925
Other debtors | 400,394 |  | 400,399
| 501,180 |  | 467,706

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 28,485 |  | 29,547
Bank loans and overdrafts | 44,597 |  | 103,093
Other taxes and social security | 5,713 |  | 1,969
VAT | 7,835 |  | 18,309
Net wages | - |  | 14,468
Other creditors | 1,490 |  | 480
Accruals and deferred income | 37,097 |  | 53,173
Director's loan account | 388 |  | 4,897
| 125,605 |  | 225,936

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 123,669 |  | 70,608

8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 50 |  | 50

9. Related Party Transactions
Transactions with related parties
Included in other debtors is £398,769 (2023 - £398,774) owed by Urban AI Limited, a company controlled by the director.
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