Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 May 2021 false 1 November 2022 31 October 2023 31 October 2023 02672583 Mr Duncan Hepburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02672583 2022-10-31 02672583 2023-10-31 02672583 2022-11-01 2023-10-31 02672583 frs-core:CurrentFinancialInstruments 2023-10-31 02672583 frs-core:Non-currentFinancialInstruments 2023-10-31 02672583 frs-core:BetweenOneFiveYears 2023-10-31 02672583 frs-core:FurnitureFittings 2023-10-31 02672583 frs-core:FurnitureFittings 2022-11-01 2023-10-31 02672583 frs-core:FurnitureFittings 2022-10-31 02672583 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 02672583 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 02672583 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 02672583 frs-core:MotorVehicles 2023-10-31 02672583 frs-core:MotorVehicles 2022-11-01 2023-10-31 02672583 frs-core:MotorVehicles 2022-10-31 02672583 frs-core:PlantMachinery 2023-10-31 02672583 frs-core:PlantMachinery 2022-11-01 2023-10-31 02672583 frs-core:PlantMachinery 2022-10-31 02672583 frs-core:WithinOneYear 2023-10-31 02672583 frs-core:ShareCapital 2023-10-31 02672583 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02672583 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02672583 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 02672583 frs-bus:SmallEntities 2022-11-01 2023-10-31 02672583 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02672583 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 02672583 frs-core:DeferredTaxation 2022-11-01 2023-10-31 02672583 frs-core:DeferredTaxation 2022-10-31 02672583 frs-core:DeferredTaxation 2023-10-31 02672583 frs-bus:Director1 2022-11-01 2023-10-31 02672583 frs-bus:Director1 2022-10-31 02672583 frs-bus:Director1 2023-10-31 02672583 frs-countries:EnglandWales 2022-11-01 2023-10-31 02672583 2021-04-30 02672583 2022-10-31 02672583 2021-05-01 2022-10-31 02672583 frs-core:CurrentFinancialInstruments 2022-10-31 02672583 frs-core:Non-currentFinancialInstruments 2022-10-31 02672583 frs-core:BetweenOneFiveYears 2022-10-31 02672583 frs-core:WithinOneYear 2022-10-31 02672583 frs-core:ShareCapital 2022-10-31 02672583 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 02672583
Hepburns Of Shenfield Limited
Financial Statements
For The Year Ended 31 October 2023
Denmark Forrester Limited
Chartered Accountant and Registered Auditor
Office 12 Bentalls Centre
Colchester Road
Maldon
Essex
CM9 4GD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02672583
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 438,460 455,157
438,460 455,157
CURRENT ASSETS
Stocks 5 70,898 66,584
Debtors 6 316,528 344,026
Cash at bank and in hand 13,458 5,914
400,884 416,524
Creditors: Amounts Falling Due Within One Year 7 (572,848 ) (534,908 )
NET CURRENT ASSETS (LIABILITIES) (171,964 ) (118,384 )
TOTAL ASSETS LESS CURRENT LIABILITIES 266,496 336,773
Creditors: Amounts Falling Due After More Than One Year 8 (129,046 ) (141,484 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (105,094 ) (75,210 )
NET ASSETS 32,356 120,079
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 32,256 119,979
SHAREHOLDERS' FUNDS 32,356 120,079
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 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 Duncan Hepburn
Director
30th July 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hepburns Of Shenfield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02672583 . The registered office is 77 Hutton Road, Shenfield, Brentwood, Essex, CM15 0UH.
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.

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 20% straight line
Plant & Machinery 10% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on 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.
Page 3
Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2022: 15)
18 15
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 November 2022 23,590 751,884 43,786 54,866 874,126
Additions - 36,599 19,295 - 55,894
Disposals - - (43,786 ) - (43,786 )
As at 31 October 2023 23,590 788,483 19,295 54,866 886,234
Depreciation
As at 1 November 2022 3,145 380,969 28,914 5,941 418,969
Provided during the period 2,359 40,751 4,824 9,785 57,719
Disposals - - (28,914 ) - (28,914 )
As at 31 October 2023 5,504 421,720 4,824 15,726 447,774
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 October 2023 18,086 366,763 14,471 39,140 438,460
As at 1 November 2022 20,445 370,915 14,872 48,925 455,157
5. Stocks
31 October 2023 31 October 2022
£ £
Stock 70,898 66,584
6. Debtors
31 October 2023 31 October 2022
£ £
Due within one year
Trade debtors 192,392 182,531
Prepayments and accrued income 12,079 45,079
Other debtors 62,100 422
Corporation tax recoverable assets 30,375 -
VAT 19,582 25,994
Director's loan account - 90,000
316,528 344,026
7. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 40,203 27,324
Trade creditors 205,457 249,349
Bank loans and overdrafts 77,338 87,061
Corporation tax 69,593 13,379
Other taxes and social security 10,335 10,689
Other creditors 164,325 128,299
Accruals and deferred income 5,210 18,807
Director's loan account 387 -
572,848 534,908
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 28,614 18,589
Bank loans (Long term liabilities - creditors 2-5 years) 100,432 122,895
129,046 141,484
9. Secured Creditors
Of the creditors the following amounts are secured.
31 October 2023 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 68,817 45,913
Bank loans and overdrafts 152,882 188,920
Other Creditors 150,992 128,299
10. Obligations Under Finance Leases and Hire Purchase
31 October 2023 31 October 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 40,203 27,324
Later than one year and not later than five years 28,614 18,589
68,817 45,913
68,817 45,913
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2022 75,210 75,210
Additions 29,884 29,884
Balance at 31 October 2023 105,094 105,094
The deferred tax provision relates solely to accelerated capital allowances.
Page 6
Page 7
12. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Duncan Hepburn 90,000 - 90,000 - -
The above loan was unsecured and interest was charged at the official rate.
Page 7