Acorah Software Products - Accounts Production 19.3.550 false true 31 January 2024 6 January 2023 false 1 February 2024 31 July 2025 31 July 2025 14575845 Satkardeep Singh Randhawa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14575845 2024-01-31 14575845 2025-07-31 14575845 2024-02-01 2025-07-31 14575845 frs-core:CurrentFinancialInstruments 2025-07-31 14575845 frs-core:ShareCapital 2025-07-31 14575845 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 14575845 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-07-31 14575845 frs-bus:FilletedAccounts 2024-02-01 2025-07-31 14575845 frs-bus:SmallEntities 2024-02-01 2025-07-31 14575845 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-07-31 14575845 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-07-31 14575845 frs-bus:Director1 2024-02-01 2025-07-31 14575845 frs-countries:EnglandWales 2024-02-01 2025-07-31 14575845 2023-01-05 14575845 2024-01-31 14575845 2023-01-06 2024-01-31 14575845 frs-core:CurrentFinancialInstruments 2024-01-31 14575845 frs-core:ShareCapital 2024-01-31 14575845 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 14575845
One Hype Limited
Financial Statements
For the Period 1 February 2024 to 31 July 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14575845
31 July 2025 31 January 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 160,000 194,560
Debtors 5 3,500 112,511
Cash at bank and in hand 248,368 82,197
411,868 389,268
Creditors: Amounts Falling Due Within One Year 6 (281,881 ) (393,040 )
NET CURRENT ASSETS (LIABILITIES) 129,987 (3,772 )
TOTAL ASSETS LESS CURRENT LIABILITIES 129,987 (3,772 )
NET ASSETS/(LIABILITIES) 129,987 (3,772 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 129,986 (3,773 )
SHAREHOLDERS' FUNDS 129,987 (3,772)
For the period 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 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
Satkardeep Singh Randhawa
Director
31st July 2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
One Hype Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14575845 . The registered office is 1 North Park, Iver, SL0 9DH.
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. 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.
2.4. 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 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 period, 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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
4. Stocks
31 July 2025 31 January 2024
£ £
Stock 160,000 194,560
5. Debtors
31 July 2025 31 January 2024
£ £
Due within one year
Trade debtors - 79,360
Other debtors 3,500 33,151
3,500 112,511
6. Creditors: Amounts Falling Due Within One Year
31 July 2025 31 January 2024
£ £
Trade creditors - 249,164
Other creditors 212,615 143,876
Taxation and social security 69,266 -
281,881 393,040
7. Share Capital
31 July 2025 31 January 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3