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Registration number: 02012615

Harlequin Software Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Harlequin Software Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Harlequin Software Limited

(Registration number: 02012615)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,006

10,399

Current assets

 

Debtors

5

1,636,866

1,568,429

Cash at bank and in hand

 

15

-

 

1,636,881

1,568,429

Creditors: Amounts falling due within one year

6

(750,401)

(666,995)

Net current assets

 

886,480

901,434

Total assets less current liabilities

 

897,486

911,833

Creditors: Amounts falling due after more than one year

6

(224,763)

(155,232)

Provisions for liabilities

(2,752)

(2,370)

Net assets

 

669,971

754,231

Capital and reserves

 

Called up share capital

2

2

Retained earnings

669,969

754,229

Shareholders' funds

 

669,971

754,231

 

Harlequin Software Limited

(Registration number: 02012615)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

.........................................
T J W Ellis
Director

 

Harlequin Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Vicarage
Finches Lane
Baydon
Marlborough
Wiltshire
SN8 2JJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The directors confirm their belief that the overdrawn director loan is recoverable and consequently that there are adequate resources to continue in operational existence such that they believe the continued use of the going concern basis to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of charity software services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Harlequin Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Computer equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for charity software services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Harlequin Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 7).

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

8,996

47,681

49,760

31,087

137,524

Additions

-

3,765

-

-

3,765

At 31 July 2024

8,996

51,446

49,760

31,087

141,289

Depreciation

At 1 August 2023

8,076

40,372

47,590

31,087

127,125

Charge for the year

230

2,204

724

-

3,158

At 31 July 2024

8,306

42,576

48,314

31,087

130,283

Carrying amount

At 31 July 2024

690

8,870

1,446

-

11,006

At 31 July 2023

920

7,309

2,170

-

10,399

5

Debtors

Current

2024
£

2023
£

Trade debtors

59,725

85,399

Prepayments

1,144

1,878

Other debtors

1,575,997

1,481,152

 

1,636,866

1,568,429

 

Harlequin Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

190,956

139,657

Trade creditors

 

16,167

21,581

Taxation and social security

 

209,903

174,760

Other creditors

 

333,375

330,997

 

750,401

666,995

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

224,763

155,232

 

Harlequin Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

58,492

55,923

Bank overdrafts

31,735

27,089

Other borrowings

100,729

56,645

190,956

139,657

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

187,978

85,926

Other borrowings

36,785

69,306

224,763

155,232

8

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Directors loan account - T J W Ellis & K A Ellis

1,234,267

168,942

(174,902)

1,228,307

 

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Directors loan account - T J W Ellis & K A Ellis

1,270,315

182,542

(218,590)

1,234,267

 

Harlequin Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

 

Income and receivables from related parties

2024

Other related parties
£

Amounts receivable from related party

2,000

2023

Other related parties
£

Amounts receivable from related party

2,000