Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08533500 Mrs Genevieve Hayes Mr Troy Hayes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08533500 2023-12-31 08533500 2024-12-31 08533500 2024-01-01 2024-12-31 08533500 frs-core:CurrentFinancialInstruments 2024-12-31 08533500 frs-core:Non-currentFinancialInstruments 2024-12-31 08533500 frs-core:ComputerEquipment 2024-12-31 08533500 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08533500 frs-core:ComputerEquipment 2023-12-31 08533500 frs-core:PlantMachinery 2024-12-31 08533500 frs-core:PlantMachinery 2024-01-01 2024-12-31 08533500 frs-core:PlantMachinery 2023-12-31 08533500 frs-core:ShareCapital 2024-12-31 08533500 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08533500 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08533500 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08533500 frs-bus:SmallEntities 2024-01-01 2024-12-31 08533500 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08533500 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08533500 frs-bus:Director1 2024-01-01 2024-12-31 08533500 frs-bus:Director2 2024-01-01 2024-12-31 08533500 frs-countries:EnglandWales 2024-01-01 2024-12-31 08533500 2022-12-31 08533500 2023-12-31 08533500 2023-01-01 2023-12-31 08533500 frs-core:CurrentFinancialInstruments 2023-12-31 08533500 frs-core:Non-currentFinancialInstruments 2023-12-31 08533500 frs-core:ShareCapital 2023-12-31 08533500 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08533500
TROY HAYES PLANNING LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Wilkie Randall Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08533500
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,036 2,361
1,036 2,361
CURRENT ASSETS
Debtors 5 44,795 24,195
Cash at bank and in hand 22,683 85,745
67,478 109,940
Creditors: Amounts Falling Due Within One Year 6 (31,600 ) (42,313 )
NET CURRENT ASSETS (LIABILITIES) 35,878 67,627
TOTAL ASSETS LESS CURRENT LIABILITIES 36,914 69,988
Creditors: Amounts Falling Due After More Than One Year 7 (13,257 ) (23,567 )
NET ASSETS 23,657 46,421
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 23,457 46,221
SHAREHOLDERS' FUNDS 23,657 46,421
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 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 Troy Hayes
Director
24/06/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
TROY HAYES PLANNING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08533500 . The registered office is 33 Foley Street, Fitzrovia, London, W1W 7TL.
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 straight line over 3 years
Computer Equipment straight line over 3 years
2.4. 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.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 4,463 28,297 32,760
Disposals - (103 ) (103 )
As at 31 December 2024 4,463 28,194 32,657
Depreciation
As at 1 January 2024 4,453 25,946 30,399
Provided during the period - 1,325 1,325
Disposals - (103 ) (103 )
As at 31 December 2024 4,453 27,168 31,621
Net Book Value
As at 31 December 2024 10 1,026 1,036
As at 1 January 2024 10 2,351 2,361
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,704 24,104
Other debtors 70 70
Net wages 21 21
44,795 24,195
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,378 378
Bank loans and overdrafts 746 125
VAT 11,196 28,673
Other creditors 10,568 10,311
Accruals and deferred income 5,712 2,826
31,600 42,313
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 13,257 23,567
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 21,032 2,335
In the year ended 31 December 2024 the company declared dividends to shareholders of £21,032 (2023: 2,335).
10. Related Party Transactions
Included within Administrative Expenses for the year ended 31 December 2024 are £230,259 (2023: £176,343) subcontractor costs paid to Troy Planning and Design BV: a Netherlands registered company wholly owned by the same owners of this company.
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