Acorah Software Products - Accounts Production 15.0.600 false true true false 12 December 2022 31 December 2023 31 December 2023 14536829 Mr R Hutton Miss S Collins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14536829 2022-12-11 14536829 2023-12-31 14536829 2022-12-12 2023-12-31 14536829 frs-core:CurrentFinancialInstruments 2023-12-31 14536829 frs-core:Non-currentFinancialInstruments 2023-12-31 14536829 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-12 2023-12-31 14536829 frs-core:FurnitureFittings 2023-12-31 14536829 frs-core:FurnitureFittings 2022-12-12 2023-12-31 14536829 frs-core:FurnitureFittings 2022-12-11 14536829 frs-core:NetGoodwill 2023-12-31 14536829 frs-core:NetGoodwill 2022-12-12 2023-12-31 14536829 frs-core:NetGoodwill 2022-12-11 14536829 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 14536829 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-12 2023-12-31 14536829 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-11 14536829 frs-core:OtherResidualIntangibleAssets 2023-12-31 14536829 frs-core:OtherResidualIntangibleAssets 2022-12-12 2023-12-31 14536829 frs-core:OtherResidualIntangibleAssets 2022-12-11 14536829 frs-core:PlantMachinery 2022-12-12 2023-12-31 14536829 frs-core:ShareCapital 2023-12-31 14536829 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14536829 frs-bus:PrivateLimitedCompanyLtd 2022-12-12 2023-12-31 14536829 frs-bus:FilletedAccounts 2022-12-12 2023-12-31 14536829 frs-bus:SmallEntities 2022-12-12 2023-12-31 14536829 frs-bus:AuditExempt-NoAccountantsReport 2022-12-12 2023-12-31 14536829 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-12 2023-12-31 14536829 frs-bus:Director1 2022-12-12 2023-12-31 14536829 frs-bus:Director2 2022-12-12 2023-12-31 14536829 frs-countries:EnglandWales 2022-12-12 2023-12-31
Registered number: 14536829
Hutton & Collins Ltd
Unaudited Financial Statements
For the Period 12 December 2022 to 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14536829
31 December 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 3,001
Tangible Assets 5 55,818
58,819
CURRENT ASSETS
Stocks 6 6,720
Debtors 7 1,742
Cash at bank and in hand 4,745
13,207
Creditors: Amounts Falling Due Within One Year 8 (164,524 )
NET CURRENT ASSETS (LIABILITIES) (151,317 )
TOTAL ASSETS LESS CURRENT LIABILITIES (92,498 )
Creditors: Amounts Falling Due After More Than One Year 9 (19,000 )
NET LIABILITIES (111,498 )
CAPITAL AND RESERVES
Called up share capital 10 100
Profit and Loss Account (111,598 )
SHAREHOLDERS' FUNDS (111,498)
Page 1
Page 2
For the period ending 31 December 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
Miss S Collins
Director
4 September 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
Hutton & Collins Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14536829 . The registered office is 80 Borough Road, Middlesbrough, TS1 2JN.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate as they believe that profitability of the company has increased in the following year.
2.3. 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.
2.4. 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 10 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the pubs website development costs. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.6. 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 Nil
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.7. Leasing and Hire Purchase Contracts
The company entered into a lease dated 16th January 2023 in respect of property know as Saxon Inn, Child Okeford, Blandford Forum, Dorset, DT11 8HD. The annual rent is at an initial rate of £30,000 pa. The lease term is 10 years, ending on, and including 15th January 2033. The company directors, Sarah- Jane Collins and Richard Hutton act as guarantors to the lease.
2.8. 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 period was: 19
19
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 12 December 2022 - - -
Additions 1 4,500 4,501
As at 31 December 2023 1 4,500 4,501
Amortisation
As at 12 December 2022 - - -
Provided during the period - 1,500 1,500
As at 31 December 2023 - 1,500 1,500
Net Book Value
As at 31 December 2023 1 3,000 3,001
As at 12 December 2022 - - -
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 12 December 2022 - - -
Additions 1 74,408 74,409
As at 31 December 2023 1 74,408 74,409
Depreciation
As at 12 December 2022 - - -
Provided during the period - 18,591 18,591
As at 31 December 2023 - 18,591 18,591
Net Book Value
As at 31 December 2023 1 55,817 55,818
As at 12 December 2022 - - -
6. Stocks
31 December 2023
£
Stock 6,720
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7. Debtors
31 December 2023
£
Due within one year
Trade debtors 377
Other debtors 1,365
1,742
8. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 9,453
Other creditors 119,708
Taxation and social security 35,363
164,524
There is an amount owing to the directors of £103,100 at the year end.
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023
£
Bank loans 19,000
10. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 100
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