Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 05017191 Mr Steven Knott Mr Kevin Thomas true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05017191 2022-10-31 05017191 2023-10-31 05017191 2022-11-01 2023-10-31 05017191 frs-core:CurrentFinancialInstruments 2023-10-31 05017191 frs-core:Non-currentFinancialInstruments 2023-10-31 05017191 frs-core:ComputerEquipment 2023-10-31 05017191 frs-core:ComputerEquipment 2022-11-01 2023-10-31 05017191 frs-core:ComputerEquipment 2022-10-31 05017191 frs-core:FurnitureFittings 2023-10-31 05017191 frs-core:FurnitureFittings 2022-11-01 2023-10-31 05017191 frs-core:FurnitureFittings 2022-10-31 05017191 frs-core:NetGoodwill 2023-10-31 05017191 frs-core:NetGoodwill 2022-11-01 2023-10-31 05017191 frs-core:NetGoodwill 2022-10-31 05017191 frs-core:PlantMachinery 2023-10-31 05017191 frs-core:PlantMachinery 2022-11-01 2023-10-31 05017191 frs-core:PlantMachinery 2022-10-31 05017191 frs-core:ShareCapital 2023-10-31 05017191 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05017191 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05017191 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 05017191 frs-bus:SmallEntities 2022-11-01 2023-10-31 05017191 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05017191 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05017191 1 2022-11-01 2023-10-31 05017191 frs-bus:Director1 2022-11-01 2023-10-31 05017191 frs-bus:Director2 2022-11-01 2023-10-31 05017191 frs-core:CurrentFinancialInstruments 2 2023-10-31 05017191 frs-countries:EnglandWales 2022-11-01 2023-10-31 05017191 2021-10-31 05017191 2022-10-31 05017191 2021-11-01 2022-10-31 05017191 frs-core:CurrentFinancialInstruments 2022-10-31 05017191 frs-core:Non-currentFinancialInstruments 2022-10-31 05017191 frs-core:BetweenOneFiveYears 2022-10-31 05017191 frs-core:WithinOneYear 2022-10-31 05017191 frs-core:ShareCapital 2022-10-31 05017191 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 05017191 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 05017191
Ferrier Hart Thomas Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05017191
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 15,811 24,335
15,811 24,335
CURRENT ASSETS
Debtors 6 121,756 95,648
Cash at bank and in hand 53,388 85,359
175,144 181,007
Creditors: Amounts Falling Due Within One Year 7 (151,620 ) (176,763 )
NET CURRENT ASSETS (LIABILITIES) 23,524 4,244
TOTAL ASSETS LESS CURRENT LIABILITIES 39,335 28,579
Creditors: Amounts Falling Due After More Than One Year 8 - (5,034 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (3,953 ) (4,624 )
NET ASSETS 35,382 18,921
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 35,380 18,919
SHAREHOLDERS' FUNDS 35,382 18,921
Page 1
Page 2
For the year ending 31 October 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 Steven Knott
Director
27/05/2024
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
Ferrier Hart Thomas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05017191 . The registered office is Celtic House, Caxton Place, Pentwyn, Cardiff, CF23 8HA.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
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 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. 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.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 7 8
7 8
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 96,000
As at 31 October 2023 96,000
Amortisation
As at 1 November 2022 96,000
As at 31 October 2023 96,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 11,093 42,289 32,980 86,362
Additions - - 499 499
As at 31 October 2023 11,093 42,289 33,479 86,861
Depreciation
As at 1 November 2022 9,538 24,820 27,669 62,027
Provided during the period 389 4,367 4,267 9,023
As at 31 October 2023 9,927 29,187 31,936 71,050
Net Book Value
As at 31 October 2023 1,166 13,102 1,543 15,811
As at 1 November 2022 1,555 17,469 5,311 24,335
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 120,494 94,640
Prepayments and accrued income 1,262 1,008
121,756 95,648
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 2,555
Trade creditors 27,202 51,488
Bank loans and overdrafts 101 2,238
Corporation tax 30,780 19,386
Other taxes and social security 2,435 1,995
VAT 26,849 34,134
Other creditors - pension 406 255
Due to FHT (Holdings) Limited 58,312 59,900
Accrued expenses 3,905 3,600
Directors' loan accounts 1,630 1,212
151,620 176,763
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 5,034
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,555
Later than one year and not later than five years - 5,034
- 7,589
- 7,589
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 3,953 4,624
12. Related Party Transactions
As at the balance sheet date the company owes the directors £1,630 (2022 : £1,212).
As at the balance sheet date, the company owed parenting company Ferrier Hart Thomas (Holdings) Limited £58,312 (2022 - £59,900).
The amount of dividends voted to Ferrier Hart Thomas (Holdings) Limited was £81,531 (2022 - £104,898).
13. Ultimate Controlling Party
Ultimate control is held by C Edwards, S Knott and K Thomas by virtue of their shareholdings in Ferrier Hart Thomas (Holdings) Limited, which owns 100% of the company's share capital.
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