Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08604015 Mr M W Fletcher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08604015 2022-12-31 08604015 2023-12-31 08604015 2023-01-01 2023-12-31 08604015 frs-core:CurrentFinancialInstruments 2023-12-31 08604015 frs-core:Non-currentFinancialInstruments 2023-12-31 08604015 frs-core:BetweenOneFiveYears 2023-12-31 08604015 frs-core:ComputerEquipment 2023-12-31 08604015 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08604015 frs-core:ComputerEquipment 2022-12-31 08604015 frs-core:MotorVehicles 2023-12-31 08604015 frs-core:MotorVehicles 2023-01-01 2023-12-31 08604015 frs-core:MotorVehicles 2022-12-31 08604015 frs-core:PlantMachinery 2023-12-31 08604015 frs-core:PlantMachinery 2023-01-01 2023-12-31 08604015 frs-core:PlantMachinery 2022-12-31 08604015 frs-core:WithinOneYear 2023-12-31 08604015 frs-core:ShareCapital 2023-12-31 08604015 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08604015 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08604015 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08604015 frs-bus:SmallEntities 2023-01-01 2023-12-31 08604015 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08604015 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08604015 frs-bus:Director1 2023-01-01 2023-12-31 08604015 frs-countries:EnglandWales 2023-01-01 2023-12-31 08604015 2021-12-31 08604015 2022-12-31 08604015 2022-01-01 2022-12-31 08604015 frs-core:CurrentFinancialInstruments 2022-12-31 08604015 frs-core:Non-currentFinancialInstruments 2022-12-31 08604015 frs-core:BetweenOneFiveYears 2022-12-31 08604015 frs-core:WithinOneYear 2022-12-31 08604015 frs-core:ShareCapital 2022-12-31 08604015 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08604015
Homes2opportunities Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08604015
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,071 110,252
62,071 110,252
CURRENT ASSETS
Debtors 5 8,477 612
Cash at bank and in hand 484,030 272,071
492,507 272,683
Creditors: Amounts Falling Due Within One Year 6 (445,656 ) (283,913 )
NET CURRENT ASSETS (LIABILITIES) 46,851 (11,230 )
TOTAL ASSETS LESS CURRENT LIABILITIES 108,922 99,022
Creditors: Amounts Falling Due After More Than One Year 7 (31,100 ) (51,314 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,391 ) (6,257 )
NET ASSETS 73,431 41,451
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account 73,428 41,448
SHAREHOLDERS' FUNDS 73,431 41,451
Page 1
Page 2
For the year ending 31 December 2023 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 M W Fletcher
Director
25 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Homes2opportunities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08604015 . The registered office is Bezant House Bradgate Park View, Chellaston, Derby, DE73 5UH.
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 20% straight line
Motor Vehicles 20% straight line
Computer Equipment 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2022: 22)
21 22
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 52,582 332,797 26,667 412,046
Additions - 9,995 5,752 15,747
Disposals - (51,270 ) - (51,270 )
As at 31 December 2023 52,582 291,522 32,419 376,523
Depreciation
As at 1 January 2023 34,408 243,190 24,196 301,794
Provided during the period 7,035 36,478 3,623 47,136
Disposals - (34,478 ) - (34,478 )
As at 31 December 2023 41,443 245,190 27,819 314,452
Net Book Value
As at 31 December 2023 11,139 46,332 4,600 62,071
As at 1 January 2023 18,174 89,607 2,471 110,252
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 8,477 612
8,477 612
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 10,214 10,214
Bank loans and overdrafts 10,000 10,000
Corporation tax 62,163 12,574
VAT 77,537 69,939
Other creditors 260,742 181,186
Director's loan account 25,000 -
445,656 283,913
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,767 22,981
Bank loans 18,333 28,333
31,100 51,314
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Page 5
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,214 10,214
Later than one year and not later than five years 12,767 22,981
22,981 33,195
22,981 33,195
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
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