Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04103802 Mr Richard Houghton Mrs Katherine Kneale Mrs Katherine Kneale Mr Richard Derek HOUGHTON false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04103802 2022-11-30 04103802 2023-11-30 04103802 2022-12-01 2023-11-30 04103802 frs-core:CurrentFinancialInstruments 2023-11-30 04103802 frs-core:Non-currentFinancialInstruments 2023-11-30 04103802 frs-core:BetweenOneFiveYears 2023-11-30 04103802 frs-core:ComputerEquipment 2023-11-30 04103802 frs-core:ComputerEquipment 2022-12-01 2023-11-30 04103802 frs-core:ComputerEquipment 2022-11-30 04103802 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 04103802 frs-core:FurnitureFittings 2023-11-30 04103802 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04103802 frs-core:FurnitureFittings 2022-11-30 04103802 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 04103802 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 04103802 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 04103802 frs-core:MotorVehicles 2023-11-30 04103802 frs-core:MotorVehicles 2022-12-01 2023-11-30 04103802 frs-core:MotorVehicles 2022-11-30 04103802 frs-core:OtherResidualIntangibleAssets 2023-11-30 04103802 frs-core:OtherResidualIntangibleAssets 2022-12-01 2023-11-30 04103802 frs-core:OtherResidualIntangibleAssets 2022-11-30 04103802 frs-core:WithinOneYear 2023-11-30 04103802 frs-core:ShareCapital 2023-11-30 04103802 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04103802 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04103802 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04103802 frs-bus:SmallEntities 2022-12-01 2023-11-30 04103802 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04103802 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04103802 1 2022-12-01 2023-11-30 04103802 frs-bus:Director1 2022-12-01 2023-11-30 04103802 frs-bus:Director2 2022-12-01 2023-11-30 04103802 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 04103802 frs-countries:EnglandWales 2022-12-01 2023-11-30 04103802 2021-11-30 04103802 2022-11-30 04103802 2021-12-01 2022-11-30 04103802 frs-core:CurrentFinancialInstruments 2022-11-30 04103802 frs-core:Non-currentFinancialInstruments 2022-11-30 04103802 frs-core:BetweenOneFiveYears 2022-11-30 04103802 frs-core:WithinOneYear 2022-11-30 04103802 frs-core:ShareCapital 2022-11-30 04103802 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04103802
HOUGHTON KNEALE DESIGN LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04103802
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,892 751
Tangible Assets 5 25,470 31,443
27,362 32,194
CURRENT ASSETS
Debtors 6 6,593 130,490
Cash at bank and in hand 51,743 45,927
58,336 176,417
Creditors: Amounts Falling Due Within One Year 7 (78,695 ) (154,598 )
NET CURRENT ASSETS (LIABILITIES) (20,359 ) 21,819
TOTAL ASSETS LESS CURRENT LIABILITIES 7,003 54,013
Creditors: Amounts Falling Due After More Than One Year 8 (17,234 ) (19,970 )
NET (LIABILITIES)/ASSETS (10,231 ) 34,043
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (10,331 ) 33,943
SHAREHOLDERS' FUNDS (10,231) 34,043
Page 1
Page 2
For the year ending 30 November 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 Richard Houghton
Director
30th August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HOUGHTON KNEALE DESIGN LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04103802 . The registered office is 17 Albert Terrace, Margate, Kent, CT9 1UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: 
Rendering of services 
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: 
  • the amount of revenue can be measured reliably; 
  • it is probable that the Company will receive the consideration due under the contract; 
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and 
  • the costs incurred and the costs to complete the contract can be measured reliably. 
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the company's brand development. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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 15% straight line
Motor Vehicles 7 years, straight line
Fixtures & Fittings 20% straight line
Computer Equipment 3 to 5 years straight line
2.6. 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.
Page 3
Page 4
2.7. Foreign Currencies
Functional and presentation currency 
The Company's functional and presentational currency is GBP. 
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. 
At each period end foreign currency monetary items are translated using the closing rate. Non¬ monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
2.8. Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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 years and items that are never taxable or deductible. 
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 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.
2.9. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognized as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. 
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
Page 4
Page 5
4. Intangible Assets
Other
£
Cost
As at 1 December 2022 1,000
Additions 1,388
As at 30 November 2023 2,388
Amortisation
As at 1 December 2022 249
Provided during the period 247
As at 30 November 2023 496
Net Book Value
As at 30 November 2023 1,892
As at 1 December 2022 751
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 17,420 29,114 3,259 14,492 64,285
Additions - - - 468 468
Disposals - - (150 ) (1,241 ) (1,391 )
As at 30 November 2023 17,420 29,114 3,109 13,719 63,362
Depreciation
As at 1 December 2022 17,420 2,097 2,971 10,354 32,842
Provided during the period - 4,159 161 1,331 5,651
Disposals - - (103 ) (498 ) (601 )
As at 30 November 2023 17,420 6,256 3,029 11,187 37,892
Net Book Value
As at 30 November 2023 - 22,858 80 2,532 25,470
As at 1 December 2022 - 27,017 288 4,138 31,443
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,269 75,751
Other debtors 3,324 54,739
6,593 130,490
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,235 1,901
Trade creditors 1,587 528
Amounts owed to participating interests - 7,774
Other creditors 73,215 135,608
Taxation and social security 1,658 8,787
78,695 154,598
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 16,234 18,470
Other creditors 1,000 1,500
17,234 19,970
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,235 1,901
Later than one year and not later than five years 16,234 18,470
18,469 20,371
18,469 20,371
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Pension Commitments
The company operates a defined contribution pension scheme for employees.
The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2023- £nil (2022 - £nil) were due to the fund. They are included in Other Creditors.
12. Controlling Party
The company's controlling party is Mr Richard Derek HOUGHTON by virtue of his ownership of 51% of the issued share capital in the company.
Page 6