Acorah Software Products - Accounts Production 16.2.850 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11830494 Mr John Hunsley Mrs Erica Hunsley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11830494 2024-02-29 11830494 2025-02-28 11830494 2024-03-01 2025-02-28 11830494 frs-core:CurrentFinancialInstruments 2025-02-28 11830494 frs-core:ComputerEquipment 2025-02-28 11830494 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11830494 frs-core:ComputerEquipment 2024-02-29 11830494 frs-core:FurnitureFittings 2024-03-01 2025-02-28 11830494 frs-core:MotorVehicles 2024-03-01 2025-02-28 11830494 frs-core:PlantMachinery 2024-03-01 2025-02-28 11830494 frs-core:ShareCapital 2025-02-28 11830494 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11830494 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11830494 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11830494 frs-bus:SmallEntities 2024-03-01 2025-02-28 11830494 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11830494 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11830494 frs-bus:Director1 2024-03-01 2025-02-28 11830494 frs-bus:Director1 2024-02-29 11830494 frs-bus:Director1 2025-02-28 11830494 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 11830494 frs-countries:EnglandWales 2024-03-01 2025-02-28 11830494 2023-02-28 11830494 2024-02-29 11830494 2023-03-01 2024-02-29 11830494 frs-core:CurrentFinancialInstruments 2024-02-29 11830494 frs-core:ShareCapital 2024-02-29 11830494 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11830494
Hunsley Associates Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
TaxAssist Accountants
TaxAssist Accountants
1 Sundorne Avenue
Shrewsbury
Shropshire
SY1 4JW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11830494
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (98 ) (177 )
(98 ) (177 )
CURRENT ASSETS
Debtors 5 97,686 55,770
Cash at bank and in hand 60,944 63,928
158,630 119,698
Creditors: Amounts Falling Due Within One Year 6 (34,759 ) (34,184 )
NET CURRENT ASSETS (LIABILITIES) 123,871 85,514
TOTAL ASSETS LESS CURRENT LIABILITIES 123,773 85,337
NET ASSETS 123,773 85,337
CAPITAL AND RESERVES
Called up share capital 7 11 11
Profit and Loss Account 123,762 85,326
SHAREHOLDERS' FUNDS 123,773 85,337
For the year ending 28 February 2025 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 John Hunsley
Director
6th June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hunsley Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11830494 . The registered office is 10 Longden Avenue, Shrewsbury, Shropshire, SY3 7RL.
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 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2024 -
Additions 342
As at 28 February 2025 342
Depreciation
As at 1 March 2024 177
Provided during the period 263
As at 28 February 2025 440
Net Book Value
As at 28 February 2025 (98 )
As at 1 March 2024 (177 )
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 29,520 15,120
Prepayments and accrued income 140 182
Corporation tax recoverable assets (40 ) -
Net wages 332 332
Director's loan account 67,734 40,136
97,686 55,770
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 24,006 28,170
Other taxes and social security 33 121
VAT 9,903 5,076
Accruals and deferred income 817 817
34,759 34,184
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 11 11
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr John Hunsley 8,809 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 4