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Registered number: 14515476
Hat - Trick Academy Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
BNC Accountants Ltd
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14515476
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 4,554 -
Cash at bank and in hand 11,081 10,983
15,635 10,983
Creditors: Amounts Falling Due Within One Year 5 (11,831 ) (8,004 )
NET CURRENT ASSETS (LIABILITIES) 3,804 2,979
TOTAL ASSETS LESS CURRENT LIABILITIES 3,804 2,979
NET ASSETS 3,804 2,979
CAPITAL AND RESERVES
Called up share capital 6 3 3
Income Statement 3,801 2,976
SHAREHOLDERS' FUNDS 3,804 2,979
For the year ending 30 November 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 Income Statement.
On behalf of the board
Mr R Ketchell
Director
29/08/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Hat - Trick Academy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14515476 . The registered office is 83d London Road, Romford, England, RM7 9QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements for the year ended 30 November 2024 are the first financial statements of Hat – Trick Academy Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 (Section 1A) was 1 December 2023. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 
2.7. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Debtors
2024 2023
£ £
Due within one year
Director's loan account 4,554 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 9,058 6,679
Other taxes and social security 373 -
Accruals and deferred income 2,400 500
Director's loan account - 825
11,831 8,004
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
The nominal value of each share is £1 and as at the year-end, there are 3 Ordinary shares in issue.
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr R J Ketchell (825 ) 71,529 (66,150 ) - 4,554
The above loan will be repaid within 9 months of the year-end.
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 37,790 25,500
9. Related Party Transactions
As at the year-end, the directors' loan account balance of Mr R J Ketchell (the sole director and shareholder of the company) is £4,554. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.
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