Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 00780893 Mr Simon Hawkins Mrs Clare Hawkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00780893 2023-02-28 00780893 2024-02-29 00780893 2023-03-01 2024-02-29 00780893 frs-core:CurrentFinancialInstruments 2024-02-29 00780893 frs-core:Non-currentFinancialInstruments 2024-02-29 00780893 frs-core:FurnitureFittings 2024-02-29 00780893 frs-core:FurnitureFittings 2023-03-01 2024-02-29 00780893 frs-core:FurnitureFittings 2023-02-28 00780893 frs-core:NetGoodwill 2024-02-29 00780893 frs-core:NetGoodwill 2023-03-01 2024-02-29 00780893 frs-core:NetGoodwill 2023-02-28 00780893 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 00780893 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 00780893 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 00780893 frs-core:MotorVehicles 2024-02-29 00780893 frs-core:MotorVehicles 2023-03-01 2024-02-29 00780893 frs-core:MotorVehicles 2023-02-28 00780893 frs-core:PlantMachinery 2024-02-29 00780893 frs-core:PlantMachinery 2023-03-01 2024-02-29 00780893 frs-core:PlantMachinery 2023-02-28 00780893 frs-core:CapitalRedemptionReserve 2024-02-29 00780893 frs-core:SharePremium 2024-02-29 00780893 frs-core:ShareCapital 2024-02-29 00780893 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 00780893 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 00780893 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 00780893 frs-bus:SmallEntities 2023-03-01 2024-02-29 00780893 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 00780893 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 00780893 frs-bus:Director1 2023-03-01 2024-02-29 00780893 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 00780893 frs-countries:EnglandWales 2023-03-01 2024-02-29 00780893 2022-02-28 00780893 2023-02-28 00780893 2022-03-01 2023-02-28 00780893 frs-core:CurrentFinancialInstruments 2023-02-28 00780893 frs-core:Non-currentFinancialInstruments 2023-02-28 00780893 frs-core:CapitalRedemptionReserve 2023-02-28 00780893 frs-core:SharePremium 2023-02-28 00780893 frs-core:ShareCapital 2023-02-28 00780893 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 00780893
W.F. Holmes & Sons Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00780893
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 51,718 51,853
51,718 51,853
CURRENT ASSETS
Stocks 6 700 784
Debtors 7 6,735 3,535
Cash at bank and in hand 156,277 187,577
163,712 191,896
Creditors: Amounts Falling Due Within One Year 8 (114,597 ) (136,340 )
NET CURRENT ASSETS (LIABILITIES) 49,115 55,556
TOTAL ASSETS LESS CURRENT LIABILITIES 100,833 107,409
Creditors: Amounts Falling Due After More Than One Year 9 (14,167 ) (24,167 )
NET ASSETS 86,666 83,242
CAPITAL AND RESERVES
Called up share capital 10 7,000 7,000
Share premium account 3,500 3,500
Capital redemption reserve 1,000 1,000
Profit and Loss Account 75,166 71,742
SHAREHOLDERS' FUNDS 86,666 83,242
Page 1
Page 2
For the year ending 29 February 2024 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 Simon Hawkins
Director
08/04/2024
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
W.F. Holmes & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00780893 . The registered office is W F Holmes And Sons Ltd , Evans Street, Barry, CF62 8DU.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
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:
Freehold 2% Straight line
Plant & Machinery 10% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 10% Reducing balance
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. Taxation
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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 65,000
As at 29 February 2024 65,000
Amortisation
As at 1 March 2023 65,000
As at 29 February 2024 65,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2023 14,500 93,936 570 32,473 141,479
Additions - 4,553 - - 4,553
As at 29 February 2024 14,500 98,489 570 32,473 146,032
Depreciation
As at 1 March 2023 2,030 63,826 541 23,229 89,626
Provided during the period 290 3,466 7 925 4,688
As at 29 February 2024 2,320 67,292 548 24,154 94,314
Net Book Value
As at 29 February 2024 12,180 31,197 22 8,319 51,718
As at 1 March 2023 12,470 30,110 29 9,244 51,853
6. Stocks
2024 2023
£ £
Finished goods 700 784
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,735 3,535
6,735 3,535
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,683 9,237
Bank loans and overdrafts 10,000 10,000
Other creditors 71,890 100,673
Taxation and social security 22,024 16,430
114,597 136,340
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,167 24,167
14,167 24,167
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 7,000 7,000
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