Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10856944 Mr Roy Howarth Mr Gary Howarth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10856944 2022-07-31 10856944 2023-07-31 10856944 2022-08-01 2023-07-31 10856944 frs-core:CurrentFinancialInstruments 2023-07-31 10856944 frs-core:Non-currentFinancialInstruments 2023-07-31 10856944 frs-core:BetweenOneFiveYears 2023-07-31 10856944 frs-core:FurnitureFittings 2023-07-31 10856944 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10856944 frs-core:FurnitureFittings 2022-07-31 10856944 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 10856944 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 10856944 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 10856944 frs-core:MotorVehicles 2023-07-31 10856944 frs-core:MotorVehicles 2022-08-01 2023-07-31 10856944 frs-core:MotorVehicles 2022-07-31 10856944 frs-core:PlantMachinery 2023-07-31 10856944 frs-core:PlantMachinery 2022-08-01 2023-07-31 10856944 frs-core:PlantMachinery 2022-07-31 10856944 frs-core:WithinOneYear 2023-07-31 10856944 frs-core:ShareCapital 2023-07-31 10856944 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10856944 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10856944 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10856944 frs-bus:SmallEntities 2022-08-01 2023-07-31 10856944 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10856944 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10856944 frs-bus:Director1 2022-08-01 2023-07-31 10856944 frs-bus:Director2 2022-08-01 2023-07-31 10856944 frs-countries:EnglandWales 2022-08-01 2023-07-31 10856944 2021-07-31 10856944 2022-07-31 10856944 2021-08-01 2022-07-31 10856944 frs-core:CurrentFinancialInstruments 2022-07-31 10856944 frs-core:Non-currentFinancialInstruments 2022-07-31 10856944 frs-core:BetweenOneFiveYears 2022-07-31 10856944 frs-core:WithinOneYear 2022-07-31 10856944 frs-core:ShareCapital 2022-07-31 10856944 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10856944
Howarth Construction Contracts Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10856944
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146,287 42,250
146,287 42,250
CURRENT ASSETS
Stocks 5 6,976 2,000
Debtors 6 1,574,926 689,048
Cash at bank and in hand 53,503 115,008
1,635,405 806,056
Creditors: Amounts Falling Due Within One Year 7 (1,331,098 ) (654,912 )
NET CURRENT ASSETS (LIABILITIES) 304,307 151,144
TOTAL ASSETS LESS CURRENT LIABILITIES 450,594 193,394
Creditors: Amounts Falling Due After More Than One Year 8 (116,008 ) (38,944 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,546 ) (9,311 )
NET ASSETS 299,040 145,139
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 298,940 145,039
SHAREHOLDERS' FUNDS 299,040 145,139
Page 1
Page 2
For the year ending 31 July 2023 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 Gary Howarth
Director
18 April 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Howarth Construction Contracts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10856944 . The registered office is 64 Meadowsweet Road , Poole, Dorset, BH17 7XT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The Financial Statements are presented in pound sterling which is the functional currency of the company.
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.

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 5 year straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
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. 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. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 15 (2022: 12)
15 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 August 2022 - 14,148 86,745 - 100,893
Additions 3,639 8,558 103,895 - 116,092
As at 31 July 2023 3,639 22,706 190,640 - 216,985
Depreciation
As at 1 August 2022 - 9,359 49,284 - 58,643
Provided during the period 728 1,962 9,365 - 12,055
As at 31 July 2023 728 11,321 58,649 - 70,698
Net Book Value
As at 31 July 2023 2,911 11,385 131,991 - 146,287
As at 1 August 2022 - 4,789 37,461 - 42,250
5. Stocks
2023 2022
£ £
Materials 6,976 2,000
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 378,539 203,233
Amounts recoverable on contracts 974,666 374,729
Prepayments and accrued income 58,930 2,268
Other debtors 162,791 108,818
1,574,926 689,048
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,097 12,384
Trade creditors 849,259 398,051
Bank loans and overdrafts 10,000 9,556
Other taxes and social security 335,793 136,610
Other creditors 125,849 96,311
Accruals and deferred income 2,100 2,000
1,331,098 654,912
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 96,008 8,305
Bank loans 20,000 30,639
116,008 38,944
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets to which they relate.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 104,105 20,689
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,097 12,384
Later than one year and not later than five years 96,008 8,305
104,105 20,689
104,105 20,689
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11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 10,950 10,950
Later than one year and not later than five years 32,850 43,800
43,800 54,750
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