Acorah Software Products - Accounts Production 16.3.350 false true true false 28 September 2023 31 December 2024 31 December 2024 15171113 Mr Muhammad Ali Mrs Ammara Khalid Mrs Ammara Khalid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15171113 2023-09-27 15171113 2024-12-31 15171113 2023-09-28 2024-12-31 15171113 frs-core:CurrentFinancialInstruments 2024-12-31 15171113 frs-core:ComputerEquipment 2024-12-31 15171113 frs-core:ComputerEquipment 2023-09-28 2024-12-31 15171113 frs-core:ComputerEquipment 2023-09-27 15171113 frs-core:PlantMachinery 2024-12-31 15171113 frs-core:PlantMachinery 2023-09-28 2024-12-31 15171113 frs-core:PlantMachinery 2023-09-27 15171113 frs-core:ShareCapital 2024-12-31 15171113 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15171113 frs-bus:PrivateLimitedCompanyLtd 2023-09-28 2024-12-31 15171113 frs-bus:FilletedAccounts 2023-09-28 2024-12-31 15171113 frs-bus:SmallEntities 2023-09-28 2024-12-31 15171113 frs-bus:AuditExempt-NoAccountantsReport 2023-09-28 2024-12-31 15171113 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-28 2024-12-31 15171113 frs-bus:OrdinaryShareClass1 2023-09-28 2024-12-31 15171113 frs-bus:OrdinaryShareClass1 2024-12-31 15171113 frs-bus:Director1 2023-09-28 2024-12-31 15171113 frs-bus:Director1 2023-09-27 15171113 frs-bus:Director1 2024-12-31 15171113 frs-bus:Director2 2023-09-28 2024-12-31 15171113 frs-bus:Director2 2023-09-27 15171113 frs-bus:Director2 2024-12-31 15171113 frs-bus:CompanySecretary1 2023-09-28 2024-12-31 15171113 frs-countries:EnglandWales 2023-09-28 2024-12-31
Registered number: 15171113
H&M Technologies Limited
Unaudited Financial Statements
For the Period 28 September 2023 to 31 December 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 15171113
31 December 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 4,255
4,255
CURRENT ASSETS
Stocks 5 833
Debtors 6 8,539
Cash at bank and in hand 28,957
38,329
Creditors: Amounts falling due within one year 7 (22,205 )
NET CURRENT ASSETS (LIABILITIES) 16,124
TOTAL ASSETS LESS CURRENT LIABILITIES 20,379
NET ASSETS 20,379
CAPITAL AND RESERVES
Called up share capital 8 2
Income Statement 20,377
SHAREHOLDERS' FUNDS 20,379
For the period 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 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.
The financial statements were approved by the board of directors on 23 June 2025 and were signed on its behalf by:
Mr Muhammad Ali
Director
23 June 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
H&M Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15171113 . The registered office is 14 Lamprey Court, Birmingham, B37 7GB.
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 FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland - Small Entities and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered in the normal course of business, net of discounts, value added taxes and other applicable sales taxes.
Rendering of services
Turnover from the provision of engineering consultancy services is recognised in the period in which the services are rendered.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged to the income statement at the following rates in order to write off the cost of the assets, less their estimated residual value, over their estimated useful lives:
Plant & Machinery 33% straight line
Computer Equipment 33% straight line
2.5. Stocks and Work in Progress
Stocks comprise goods held for resale, and are stated at the lower of cost and net realisable value. Net realisable value is the actual or estimated selling price less all further costs of completion and to be incurred in marketing, selling and distribution. Cost is calculated using the weighted-average method and includes invoice price, import duties and transportation costs.
At the end of each reporting period, inventories are assessed for impairment. If an item of stock is impaired, the identified inventory is reduced to its selling price less costs to complete and sell, and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised, the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
2.6. Financial Instruments
Basic financial instruments
Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.
Basic financial instruments not constituting financing transactions are initially recognised at transaction price. For arrangements constituting financing transactions, different recognition criteria apply:
  • Loans to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price.
  • All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.
Subsequent to initial recognition:
  • Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.
  • Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.
Cash and cash equivalents
...CONTINUED
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2.6. Financial Instruments - continued
Cash in hand, bank balances, and short-term deposits with an original maturity of three months or less, which are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value, are classified as cash and cash equivalents. These amounts are included in 'Cash at bank and in hand' on the statement of financial position.
Bank overdrafts are generally classified separately as creditors under current liabilities. However, if overdrafts are repayable on demand and the company has a legally enforceable right to set them off against cash and cash equivalents, they may be offset in certain circumstances.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Presentation Currency
The financial statements are presented in £ sterling, which is the functional currency of the company.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors' report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including directors and other officers, during the period was: 2
2
4. Tangible assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 28 September 2023 - - -
Additions 2,082 3,549 5,631
As at 31 December 2024 2,082 3,549 5,631
Depreciation
As at 28 September 2023 - - -
Provided during the period 173 1,203 1,376
As at 31 December 2024 173 1,203 1,376
Net Book Value
As at 31 December 2024 1,909 2,346 4,255
As at 28 September 2023 - - -
Page 3
Page 4
5. Stocks
31 December 2024
£
Finished goods 833
6. Debtors
31 December 2024
£
Due within one year
Directors' loan accounts 8,539
7. Creditors: Amounts falling due within one year
31 December 2024
£
Corporation tax 16,951
VAT 5,254
22,205
8. Share Capital
31 December 2024
Allotted, called up and fully paid £
2 Ordinary shares of £ 1.00 each 2
9. Directors Advances, Credits and Guarantees
Loans to directors
Included within Debtors are the following loans to directors:
As at 28 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Muhammad Ali - 31,370 24,030 - 7,340
Mrs Ammara Khalid - 23,889 22,690 - 1,199
The above loans are interest-free, unsecured and repayable on demand.
Maximum balances outstanding during period:
Mr Muhammad Ali: £9,863
Mrs Ammara Khalid: £6,001
Totals:
Loans outstanding at start of period: £0
Amounts advanced: £55,259
Amounts repaid: £46,720
Loans outstanding at end of period: £8,539
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Page 5
10. Dividends
31 December 2024
£
On equity shares:
Interim dividend paid 47,400
11. Related Party Transactions
During the period, the company entered into the following transactions with related parties:
Owners holding a participating interest
During the period, the company received loans from Mr M Ali, a director and shareholder with a participating interest, totalling £1,451 (No comparative period). At the reporting date, the outstanding loan balance was £0 (No comparative period).
This amount is interest-free, unsecured and repayable on demand.
During the period, the company received loans from Mrs A Khalid, a director and shareholder with a participating interest and the spouse of Mr M Ali, totalling £1,933 (No comparative period). At the reporting date, the outstanding loan balance was £0 (No comparative period).
This amount is interest-free, unsecured and repayable on demand.
For details of loans to directors, see the Directors' Advances, Credits and Guarantees note.
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