Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 00080653 Mr Martin Coles-Evans Mrs Teresa Coles Mr Kelly Coles-Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00080653 2023-02-28 00080653 2024-02-28 00080653 2023-03-01 2024-02-28 00080653 frs-core:CurrentFinancialInstruments 2024-02-28 00080653 frs-core:Non-currentFinancialInstruments 2024-02-28 00080653 frs-core:BetweenOneFiveYears 2024-02-28 00080653 frs-core:ComputerEquipment 2024-02-28 00080653 frs-core:ComputerEquipment 2023-03-01 2024-02-28 00080653 frs-core:ComputerEquipment 2023-02-28 00080653 frs-core:FurnitureFittings 2024-02-28 00080653 frs-core:FurnitureFittings 2023-03-01 2024-02-28 00080653 frs-core:FurnitureFittings 2023-02-28 00080653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 00080653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 00080653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 00080653 frs-core:PlantMachinery 2024-02-28 00080653 frs-core:PlantMachinery 2023-03-01 2024-02-28 00080653 frs-core:PlantMachinery 2023-02-28 00080653 frs-core:WithinOneYear 2024-02-28 00080653 frs-core:ShareCapital 2024-02-28 00080653 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 00080653 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 00080653 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 00080653 frs-bus:SmallEntities 2023-03-01 2024-02-28 00080653 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 00080653 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 00080653 frs-bus:Director1 2023-03-01 2024-02-28 00080653 frs-bus:Director2 2023-03-01 2024-02-28 00080653 frs-bus:Director3 2023-03-01 2024-02-28 00080653 frs-countries:EnglandWales 2023-03-01 2024-02-28 00080653 2022-02-28 00080653 2023-02-28 00080653 2022-03-01 2023-02-28 00080653 frs-core:CurrentFinancialInstruments 2023-02-28 00080653 frs-core:Non-currentFinancialInstruments 2023-02-28 00080653 frs-core:BetweenOneFiveYears 2023-02-28 00080653 frs-core:WithinOneYear 2023-02-28 00080653 frs-core:ShareCapital 2023-02-28 00080653 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 00080653
Hargreaves & Son,Limited
Financial Statements
For The Year Ended 28 February 2024
Leathley & Co - Whaley Bridge Office
1 Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00080653
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,146 79,777
83,146 79,777
CURRENT ASSETS
Stocks 5 55,614 56,376
Debtors 6 504 2,074
Cash at bank and in hand 747 864
56,865 59,314
Creditors: Amounts Falling Due Within One Year 7 (73,512 ) (66,728 )
NET CURRENT ASSETS (LIABILITIES) (16,647 ) (7,414 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,499 72,363
Creditors: Amounts Falling Due After More Than One Year 8 (3,688 ) -
NET ASSETS 62,811 72,363
CAPITAL AND RESERVES
Called up share capital 10 5,010 5,010
Profit and Loss Account 57,801 67,353
SHAREHOLDERS' FUNDS 62,811 72,363
Page 1
Page 2
For the year ending 28 February 2024 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 Martin Coles-Evans
Director
28/08/2024
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
Hargreaves & Son,Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00080653 . The registered office is 16-18 Spring Gardens, Buxton, Derbyshire, SK17 6DE.
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 on a straight line basis 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 No depreciation
Plant & Machinery 15% reducing balance
Fixtures & Fittings 7 Years Straight Line
Computer Equipment 7 Years Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 77,081 1,020 123,651 1,452 203,204
Additions - 5,532 - - 5,532
As at 28 February 2024 77,081 6,552 123,651 1,452 208,736
...CONTINUED
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Depreciation
As at 1 March 2023 - - 123,427 - 123,427
Provided during the period - 983 962 218 2,163
As at 28 February 2024 - 983 124,389 218 125,590
Net Book Value
As at 28 February 2024 77,081 5,569 (738 ) 1,234 83,146
As at 1 March 2023 77,081 1,020 224 1,452 79,777
5. Stocks
2024 2023
£ £
Shop Stock 54,261 54,919
Cafe Stock 1,353 1,457
55,614 56,376
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 504 69
Other debtors - 2,005
504 2,074
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,690 -
Trade creditors 14,242 8,759
Bank loans and overdrafts 12,179 15,845
Other creditors 25,712 19,660
Taxation and social security 19,689 22,464
73,512 66,728
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,688 -
Page 4
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,690 -
Later than one year and not later than five years 3,688 -
5,378 -
5,378 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,010 5,010
Page 5