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Registered number: 12759954
Herringbone Retail Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2025
BBK Partnership
1 Beauchamp Court, 10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12759954
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 112,748 127,427
112,748 127,427
CURRENT ASSETS
Stocks 5 382,000 320,000
Debtors 6 317,000 201,442
Cash at bank and in hand - 21
699,000 521,463
Creditors: Amounts Falling Due Within One Year 7 (722,422 ) (552,110 )
NET CURRENT ASSETS (LIABILITIES) (23,422 ) (30,647 )
TOTAL ASSETS LESS CURRENT LIABILITIES 89,326 96,780
Creditors: Amounts Falling Due After More Than One Year 8 - (88,010 )
NET ASSETS 89,326 8,770
CAPITAL AND RESERVES
Called up share capital 9 100 1
Income Statement 89,226 8,769
SHAREHOLDERS' FUNDS 89,326 8,770
Page 1
Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Income Statement for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Syed Khaqan Bin Azam
Director
13/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Herringbone Retail Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12759954 . The registered office is Unit Su0048a Montfichet Road, Westfield Shopping Centre, Stratford, E20 1EH.
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:
Leasehold 10% straight line
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. 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.
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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 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: 7 (2024: 7)
7 7
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2024 29,570 46,626 76,728 152,924
As at 31 July 2025 29,570 46,626 76,728 152,924
Depreciation
As at 1 August 2024 - 6,994 18,503 25,497
Provided during the period - 5,945 8,734 14,679
As at 31 July 2025 - 12,939 27,237 40,176
...CONTINUED
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Net Book Value
As at 31 July 2025 29,570 33,687 49,491 112,748
As at 1 August 2024 29,570 39,632 58,225 127,427
5. Stocks
2025 2024
£ £
Stock 382,000 320,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 8,881
Other debtors 317,000 192,561
317,000 201,442
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 148,927 443,639
Bank loans and overdrafts 28,323 -
Other creditors 388,432 44,465
Taxation and social security 156,740 64,006
722,422 552,110
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
365 Loan - 88,010
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 1
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