Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11992725 Mr William Putnam Miss Annabel Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11992725 2023-10-31 11992725 2024-10-31 11992725 2023-11-01 2024-10-31 11992725 frs-core:CurrentFinancialInstruments 2024-10-31 11992725 frs-core:ComputerEquipment 2024-10-31 11992725 frs-core:ComputerEquipment 2023-11-01 2024-10-31 11992725 frs-core:ComputerEquipment 2023-10-31 11992725 frs-core:PlantMachinery 2024-10-31 11992725 frs-core:PlantMachinery 2023-11-01 2024-10-31 11992725 frs-core:PlantMachinery 2023-10-31 11992725 frs-core:ShareCapital 2024-10-31 11992725 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11992725 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11992725 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11992725 frs-bus:SmallEntities 2023-11-01 2024-10-31 11992725 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11992725 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11992725 frs-bus:Director1 2023-11-01 2024-10-31 11992725 frs-bus:Director2 2023-11-01 2024-10-31 11992725 frs-countries:EnglandWales 2023-11-01 2024-10-31 11992725 2022-10-31 11992725 2023-10-31 11992725 2022-11-01 2023-10-31 11992725 frs-core:CurrentFinancialInstruments 2023-10-31 11992725 frs-core:ShareCapital 2023-10-31 11992725 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11992725
The Financial Hub Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Kerry Butcher Accountancy Services
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11992725
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,811 10,898
17,811 10,898
CURRENT ASSETS
Debtors 5 - 4,680
Cash at bank and in hand 305 83
305 4,763
Creditors: Amounts Falling Due Within One Year 6 (21,216 ) (7,679 )
NET CURRENT ASSETS (LIABILITIES) (20,911 ) (2,916 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,100 ) 7,982
NET (LIABILITIES)/ASSETS (3,100 ) 7,982
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account (3,300 ) 7,782
SHAREHOLDERS' FUNDS (3,100) 7,982
For the year ending 31 October 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
Miss Annabel Smith
Director
24/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Financial Hub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11992725 . The registered office is Whitegate, The Street, Rickinghall, Norfolk, IP22 1EG.
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 15% Reducing Balance
Computer Equipment 15% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 8,508 3,586 12,094
Additions 10,056 - 10,056
As at 31 October 2024 18,564 3,586 22,150
Depreciation
As at 1 November 2023 851 345 1,196
Provided during the period 2,657 486 3,143
As at 31 October 2024 3,508 831 4,339
Net Book Value
As at 31 October 2024 15,056 2,755 17,811
As at 1 November 2023 7,657 3,241 10,898
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 4,680
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 505
Other taxes and social security 1,501 -
TEAH Loan 2,842 -
Accruals and deferred income 810 900
Directors' loan accounts 16,063 6,274
21,216 7,679
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 3