Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11096918 Mr Phil Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11096918 2023-12-31 11096918 2024-12-31 11096918 2024-01-01 2024-12-31 11096918 frs-core:CurrentFinancialInstruments 2024-12-31 11096918 frs-core:ComputerEquipment 2024-12-31 11096918 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11096918 frs-core:ComputerEquipment 2023-12-31 11096918 frs-core:ShareCapital 2024-12-31 11096918 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11096918 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11096918 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11096918 frs-bus:SmallEntities 2024-01-01 2024-12-31 11096918 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11096918 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11096918 frs-bus:Director1 2024-01-01 2024-12-31 11096918 frs-bus:Director1 2023-12-31 11096918 frs-bus:Director1 2024-12-31 11096918 frs-countries:EnglandWales 2024-01-01 2024-12-31 11096918 2022-12-31 11096918 2023-12-31 11096918 2023-01-01 2023-12-31 11096918 frs-core:CurrentFinancialInstruments 2023-12-31 11096918 frs-core:ShareCapital 2023-12-31 11096918 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11096918
Heirloom Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Morris Wheeler & Co Limited
1 Pond Lane
Bentfield Road
Stansted
Essex
CM24 8JG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11096918
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 762 1,241
762 1,241
CURRENT ASSETS
Debtors 5 133,362 108,528
Investments 6 27,465 -
Cash at bank and in hand 551,213 447,189
712,040 555,717
Creditors: Amounts Falling Due Within One Year 7 (98,795 ) (67,186 )
NET CURRENT ASSETS (LIABILITIES) 613,245 488,531
TOTAL ASSETS LESS CURRENT LIABILITIES 614,007 489,772
NET ASSETS 614,007 489,772
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 613,907 489,672
SHAREHOLDERS' FUNDS 614,007 489,772
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Phil Clark
Director
27/08/2025
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
Heirloom Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11096918 . The registered office is 1 Pond Lane, Bentfield Road, Stansted, Essex, CM24 8JG.
The presentation currency of the financial statements is in Pound Sterling (£).
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 20% cost
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.
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 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 tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 2,895
As at 31 December 2024 2,895
Depreciation
As at 1 January 2024 1,654
Provided during the period 479
As at 31 December 2024 2,133
Net Book Value
As at 31 December 2024 762
As at 1 January 2024 1,241
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,001 17,529
Prepayments and accrued income 21,132 40,321
Other debtors 23,434 860
Director's loan account 64,795 49,818
133,362 108,528
6. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 27,465 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 (1 )
Corporation tax 78,051 45,436
Other taxes and social security 1,045 645
VAT 17,598 11,156
Accruals and deferred income 2,100 9,950
98,795 67,186
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Phil Clark 49,817 14,978 - - 64,795
The above loan is unsecured and repayable on demand. Interest is charged on the loan at 2.25%.
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