Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08823871 Mrs C L Stone Mr D L Stone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08823871 2024-03-31 08823871 2025-03-31 08823871 2024-04-01 2025-03-31 08823871 frs-core:CurrentFinancialInstruments 2025-03-31 08823871 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 08823871 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 08823871 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08823871 frs-core:PlantMachinery 2025-03-31 08823871 frs-core:PlantMachinery 2024-04-01 2025-03-31 08823871 frs-core:PlantMachinery 2024-03-31 08823871 frs-core:ShareCapital 2025-03-31 08823871 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08823871 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08823871 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08823871 frs-bus:SmallEntities 2024-04-01 2025-03-31 08823871 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08823871 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08823871 frs-bus:Director1 2024-04-01 2025-03-31 08823871 frs-bus:Director1 2024-03-31 08823871 frs-bus:Director1 2025-03-31 08823871 frs-bus:Director2 2024-04-01 2025-03-31 08823871 frs-countries:EnglandWales 2024-04-01 2025-03-31 08823871 2023-03-31 08823871 2024-03-31 08823871 2023-04-01 2024-03-31 08823871 frs-core:CurrentFinancialInstruments 2024-03-31 08823871 frs-core:WithinOneYear 2024-03-31 08823871 frs-core:ShareCapital 2024-03-31 08823871 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08823871
Hoobynoo World Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08823871
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,474 528
2,474 528
CURRENT ASSETS
Stocks 5 7,898 8,290
Debtors 6 2,869 4,481
Cash at bank and in hand 2,261 4,838
13,028 17,609
Creditors: Amounts Falling Due Within One Year 7 (14,363 ) (16,095 )
NET CURRENT ASSETS (LIABILITIES) (1,335 ) 1,514
TOTAL ASSETS LESS CURRENT LIABILITIES 1,139 2,042
PROVISIONS FOR LIABILITIES
Deferred Taxation (470 ) (99 )
NET ASSETS 669 1,943
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 569 1,843
SHAREHOLDERS' FUNDS 669 1,943
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs C L Stone
Director
Mr D L Stone
Director
16/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hoobynoo World Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08823871 . The registered office is The Marlowe Innovation Centre, Marlowe Way, Ramsgate, Kent, CT12 6FA.
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.
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:
Leasehold 25% on cost
Plant & Machinery 25% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.
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2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 6,116 39,356 45,472
Additions - 3,055 3,055
Disposals (2,581 ) (3,200 ) (5,781 )
As at 31 March 2025 3,535 39,211 42,746
...CONTINUED
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Depreciation
As at 1 April 2024 6,116 38,828 44,944
Provided during the period - 1,109 1,109
Disposals (2,581 ) (3,200 ) (5,781 )
As at 31 March 2025 3,535 36,737 40,272
Net Book Value
As at 31 March 2025 - 2,474 2,474
As at 1 April 2024 - 528 528
5. Stocks
2025 2024
£ £
Stock 7,898 8,290
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,285 2,409
Other debtors 584 2,072
2,869 4,481
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,582 2,415
Other creditors 8,502 5,091
Taxation and social security 4,279 8,589
14,363 16,095
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year - 7,106
- 7,106
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Chiara Stone - 413 187 - 226
The above loan is unsecured, interest free and repayable on demand.
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