Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 13 May 2025 1 November 2023 31 October 2024 31 October 2024 03401153 Mr Tajinder Sall Mr Neil Ford Mr Philip Mansell Mr Bhupinder Sall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03401153 2023-10-31 03401153 2024-10-31 03401153 2023-11-01 2024-10-31 03401153 frs-core:CurrentFinancialInstruments 2024-10-31 03401153 frs-core:Non-currentFinancialInstruments 2024-10-31 03401153 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 03401153 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03401153 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 03401153 frs-core:MotorVehicles 2024-10-31 03401153 frs-core:MotorVehicles 2023-11-01 2024-10-31 03401153 frs-core:MotorVehicles 2023-10-31 03401153 frs-core:PlantMachinery 2024-10-31 03401153 frs-core:PlantMachinery 2023-11-01 2024-10-31 03401153 frs-core:PlantMachinery 2023-10-31 03401153 frs-core:RevaluationReserve 2023-10-31 03401153 frs-core:RevaluationReserve 2024-10-31 03401153 frs-core:ShareCapital 2024-10-31 03401153 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03401153 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03401153 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03401153 frs-bus:SmallEntities 2023-11-01 2024-10-31 03401153 frs-bus:Audited 2023-11-01 2024-10-31 03401153 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03401153 frs-bus:Director1 2023-11-01 2024-10-31 03401153 frs-bus:Director1 2023-10-31 03401153 frs-bus:Director1 2024-10-31 03401153 frs-bus:Director2 2023-11-01 2024-10-31 03401153 frs-bus:Director2 2023-10-31 03401153 frs-bus:Director2 2024-10-31 03401153 frs-bus:Director3 2023-11-01 2024-10-31 03401153 frs-bus:Director4 2023-11-01 2024-10-31 03401153 frs-countries:EnglandWales 2023-11-01 2024-10-31 03401153 2022-10-31 03401153 2023-10-31 03401153 2022-11-01 2023-10-31 03401153 frs-core:CurrentFinancialInstruments 2023-10-31 03401153 frs-core:Non-currentFinancialInstruments 2023-10-31 03401153 frs-core:RevaluationReserve 2023-10-31 03401153 frs-core:ShareCapital 2023-10-31 03401153 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03401153
Harlequinn Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03401153
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,045,469 2,143,970
2,045,469 2,143,970
CURRENT ASSETS
Stocks 5 212,472 201,489
Debtors 6 1,086,278 912,146
Cash at bank and in hand 1,463,098 1,356,760
2,761,848 2,470,395
Creditors: Amounts Falling Due Within One Year 7 (649,812 ) (802,748 )
NET CURRENT ASSETS (LIABILITIES) 2,112,036 1,667,647
TOTAL ASSETS LESS CURRENT LIABILITIES 4,157,505 3,811,617
Creditors: Amounts Falling Due After More Than One Year 8 (150,509 ) (288,271 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (182,796 ) (206,100 )
NET ASSETS 3,824,200 3,317,246
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 11 96,080 96,080
Profit and Loss Account 3,727,120 3,220,166
SHAREHOLDERS' FUNDS 3,824,200 3,317,246
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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 Tajinder Sall
Director
13/05/2025
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
Harlequinn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03401153 . The registered office is Harlequin House, Coed Cae Lane, Pontyclun, CF72 9EW.
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:
Freehold Over 50 Year
Plant & Machinery 20%
Motor Vehicles 20%
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2023: 32)
31 32
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2023 1,246,370 2,534,627 167,513 3,948,510
Additions - 142,960 - 142,960
Disposals - (52,500 ) - (52,500 )
As at 31 October 2024 1,246,370 2,625,087 167,513 4,038,970
Depreciation
As at 1 November 2023 66,000 1,701,066 37,474 1,804,540
Provided during the period 17,000 182,396 26,008 225,404
Disposals - (36,443 ) - (36,443 )
As at 31 October 2024 83,000 1,847,019 63,482 1,993,501
Net Book Value
As at 31 October 2024 1,163,370 778,068 104,031 2,045,469
As at 1 November 2023 1,180,370 833,561 130,039 2,143,970
5. Stocks
2024 2023
£ £
Stock 196,509 113,395
Work in progress 15,963 88,094
212,472 201,489
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 918,814 747,838
Other debtors 167,464 164,308
1,086,278 912,146
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,534 260,760
Bank loans and overdrafts 154,320 143,927
Other creditors 136,921 135,880
Taxation and social security 315,037 262,181
649,812 802,748
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 150,509 288,271
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Tajinder Sall (4,886 ) - - - (4,886 )
Mr Bhupinder Sall (4,885 ) - - - (4,885 )
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Revaluation Reserve
£
As at 1 November 2023 96,080
As at 31 October 2024 96,080
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Audit Information
The auditor's report on the accounts of Harlequinn Limited for the year ended 31 October 2024 was unqualified.
The auditor's report was signed by Stephen Cox (Senior Statutory Auditor) (Senior Statutory Auditor) for and on behalf of Hayvenhursts Limited , Statutory Auditor.
Hayvenhursts Limited
Fairway House
Links Business Park, St Mellons
Cardiff
CF3 0LT
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