Acorah Software Products - Accounts Production 19.1.200 false true 31 July 2024 24 July 2023 false 1 August 2024 31 July 2025 31 July 2025 15022196 Mr James Baker Mr Kobey Baker Mr Fayez Alsayal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15022196 2024-07-31 15022196 2025-07-31 15022196 2024-08-01 2025-07-31 15022196 frs-core:CurrentFinancialInstruments 2025-07-31 15022196 frs-core:ComputerEquipment 2025-07-31 15022196 frs-core:ComputerEquipment 2024-08-01 2025-07-31 15022196 frs-core:ComputerEquipment 2024-07-31 15022196 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 15022196 frs-core:FurnitureFittings 2025-07-31 15022196 frs-core:FurnitureFittings 2024-08-01 2025-07-31 15022196 frs-core:FurnitureFittings 2024-07-31 15022196 frs-core:MotorVehicles 2025-07-31 15022196 frs-core:MotorVehicles 2024-08-01 2025-07-31 15022196 frs-core:MotorVehicles 2024-07-31 15022196 frs-core:OtherResidualIntangibleAssets 2025-07-31 15022196 frs-core:OtherResidualIntangibleAssets 2024-08-01 2025-07-31 15022196 frs-core:OtherResidualIntangibleAssets 2024-07-31 15022196 frs-core:ShareCapital 2025-07-31 15022196 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 15022196 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 15022196 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 15022196 frs-bus:SmallEntities 2024-08-01 2025-07-31 15022196 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 15022196 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 15022196 frs-bus:Director1 2024-08-01 2025-07-31 15022196 frs-bus:Director2 2024-08-01 2025-07-31 15022196 frs-bus:Director3 2024-08-01 2025-07-31 15022196 frs-bus:Director3 2024-07-31 15022196 frs-bus:Director3 2025-07-31 15022196 frs-countries:EnglandWales 2024-08-01 2025-07-31 15022196 2023-07-23 15022196 2024-07-31 15022196 2023-07-24 2024-07-31 15022196 frs-core:CurrentFinancialInstruments 2024-07-31 15022196 frs-core:ShareCapital 2024-07-31 15022196 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 15022196
Happycrown Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Thomas & Co International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 15022196
31 July 2025 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 55,210 35,845
Tangible Assets 5 25,272 6,261
80,482 42,106
CURRENT ASSETS
Stocks 6 22,712 24,664
Debtors 7 89,422 44,915
Cash at bank and in hand 205,010 149,833
317,144 219,412
Creditors: Amounts Falling Due Within One Year 8 (197,453 ) (107,589 )
NET CURRENT ASSETS (LIABILITIES) 119,691 111,823
TOTAL ASSETS LESS CURRENT LIABILITIES 200,173 153,929
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,386 ) -
NET ASSETS 196,787 153,929
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 196,687 153,829
SHAREHOLDERS' FUNDS 196,787 153,929
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For the year ending 31 July 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
Mr Kobey Baker
Director
23/04/2026
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
Happycrown Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15022196 . The registered office is Talians Barn Hill House, Stembridge, Martock, TA12 6BL.
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 and intangibles. 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to the profit and loss account over its estimated economic life of 3 years before significant enhancement and improvements will be required. 
2.4. 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:
Motor Vehicles Reducing Balance 20%
Fixtures & Fittings Straight Line 5 years
Computer Equipment Straight Line 5 years
2.5. 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 the profit and loss account as incurred. There is no fixed term agreement for the rental contract with either party able to give notice within one month, therefore no provision has been made in relation to amounts due to back to the company.
2.6. Stocks and Work in Progress
The total Cryptocurrency asset value has been included within stock within the accounts as this is used for funding operational business expenditure. The cryptocurrency is used in return of rendering of services, consumed by the company.
2.7. 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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2.8. 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: 3 (2024: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 August 2024 37,553
Additions 74,398
Disposals (51,650 )
As at 31 July 2025 60,301
Amortisation
As at 1 August 2024 1,708
Provided during the period 3,383
As at 31 July 2025 5,091
Net Book Value
As at 31 July 2025 55,210
As at 1 August 2024 35,845
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 - 2,187 4,721 6,908
Additions 10,495 347 12,033 22,875
As at 31 July 2025 10,495 2,534 16,754 29,783
Depreciation
As at 1 August 2024 - 128 519 647
Provided during the period 1,224 489 2,151 3,864
As at 31 July 2025 1,224 617 2,670 4,511
Net Book Value
As at 31 July 2025 9,271 1,917 14,084 25,272
As at 1 August 2024 - 2,059 4,202 6,261
6. Stocks
31 July 2025 31 July 2024
£ £
Stock 22,712 24,664
7. Debtors
31 July 2025 31 July 2024
£ £
Due within one year
Other debtors 89,422 44,915
8. Creditors: Amounts Falling Due Within One Year
31 July 2025 31 July 2024
£ £
Trade creditors 2,555 3,624
Bank loans and overdrafts 49 -
Other creditors 25,034 19,991
Taxation and social security 169,815 83,974
197,453 107,589
9. Share Capital
31 July 2025 31 July 2024
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr Fayez Alsayal 44,915 224,793 197,590 - 72,118
The above loan is unsecured, interest free and repayable on demand.
This has been cleared within nine months of the year end therefore no S455 tax is payable.
Interest has been charged at the HMRC official rate.
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