Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03322359 Mr John Hopkins Kathryn Gordon true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03322359 2023-03-31 03322359 2024-03-31 03322359 2023-04-01 2024-03-31 03322359 frs-core:CurrentFinancialInstruments 2024-03-31 03322359 frs-core:ComputerEquipment 2024-03-31 03322359 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03322359 frs-core:ComputerEquipment 2023-03-31 03322359 frs-core:FurnitureFittings 2024-03-31 03322359 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03322359 frs-core:FurnitureFittings 2023-03-31 03322359 frs-core:MotorVehicles 2024-03-31 03322359 frs-core:MotorVehicles 2023-04-01 2024-03-31 03322359 frs-core:MotorVehicles 2023-03-31 03322359 frs-core:PlantMachinery 2024-03-31 03322359 frs-core:PlantMachinery 2023-04-01 2024-03-31 03322359 frs-core:PlantMachinery 2023-03-31 03322359 frs-core:ShareCapital 2024-03-31 03322359 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03322359 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03322359 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03322359 frs-bus:SmallEntities 2023-04-01 2024-03-31 03322359 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03322359 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03322359 1 2023-04-01 2024-03-31 03322359 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-01 2024-03-31 03322359 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 03322359 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 03322359 frs-core:ListedExchangeTraded 2024-03-31 03322359 frs-core:ListedExchangeTraded 2023-03-31 03322359 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 03322359 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 03322359 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-03-31 03322359 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 03322359 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 03322359 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 03322359 frs-bus:Director1 2023-04-01 2024-03-31 03322359 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03322359 frs-countries:EnglandWales 2023-04-01 2024-03-31 03322359 2022-03-31 03322359 2023-03-31 03322359 2022-04-01 2023-03-31 03322359 frs-core:CurrentFinancialInstruments 2023-03-31 03322359 frs-core:ShareCapital 2023-03-31 03322359 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03322359 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 03322359
Hopkins Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03322359
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,951 2,587
Investments 5 517,941 469,625
519,892 472,212
CURRENT ASSETS
Debtors 6 65,203 68,229
Cash at bank and in hand 104,851 110,214
170,054 178,443
Creditors: Amounts Falling Due Within One Year 7 (36,519 ) (50,748 )
NET CURRENT ASSETS (LIABILITIES) 133,535 127,695
TOTAL ASSETS LESS CURRENT LIABILITIES 653,427 599,907
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,225 ) (7,529 )
NET ASSETS 642,202 592,378
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair Value Reserve 9 76,714 32,096
Profit and Loss Account 565,486 560,280
SHAREHOLDERS' FUNDS 642,202 592,378
Page 1
Page 2
For the year ending 31 March 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 John Hopkins
Director
30/09/2024
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
Hopkins Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03322359 . The registered office is 35 Canterbury Avenue, Fulwood, Sheffield, S10 3RU.
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% Reducing Balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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: 1 (2023: 2)
1 2
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 - 22,858 262 2,240 25,360
As at 31 March 2024 - 22,858 262 2,240 25,360
Depreciation
As at 1 April 2023 - 21,140 105 1,528 22,773
Provided during the period - 429 25 182 636
As at 31 March 2024 - 21,569 130 1,710 23,409
Net Book Value
As at 31 March 2024 - 1,289 132 530 1,951
As at 1 April 2023 - 1,718 157 712 2,587
5. Investments
Listed
£
Cost
As at 1 April 2023 469,625
Additions -
Revaluations 48,316
As at 31 March 2024 517,941
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 517,941
As at 1 April 2023 469,625
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,203 68,229
65,203 68,229
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,067 3,178
Taxation and social security 34,452 47,570
36,519 50,748
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Fair Value Reserve
£
As at 1 April 2023 32,096
Transfer to profit and loss 44,618
As at 31 March 2024 76,714
10. Ultimate Controlling Party
The company's ultimate controlling party is the director.
Page 5