Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03604647 Mr Richard Holmes Mr Andrew Sellers Mr David Wood Mr Michael Sellers Mr Richard Holmes true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03604647 2022-12-31 03604647 2023-12-31 03604647 2023-01-01 2023-12-31 03604647 frs-core:CurrentFinancialInstruments 2023-12-31 03604647 frs-core:Non-currentFinancialInstruments 2023-12-31 03604647 frs-core:ComputerEquipment 2023-12-31 03604647 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03604647 frs-core:ComputerEquipment 2022-12-31 03604647 frs-core:FurnitureFittings 2023-12-31 03604647 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03604647 frs-core:FurnitureFittings 2022-12-31 03604647 frs-core:NetGoodwill 2023-12-31 03604647 frs-core:NetGoodwill 2023-01-01 2023-12-31 03604647 frs-core:NetGoodwill 2022-12-31 03604647 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03604647 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03604647 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 03604647 frs-core:ShareCapital 2023-12-31 03604647 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03604647 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03604647 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03604647 frs-bus:SmallEntities 2023-01-01 2023-12-31 03604647 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03604647 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03604647 1 2023-01-01 2023-12-31 03604647 frs-core:UnlistedNon-exchangeTraded 2023-12-31 03604647 frs-core:UnlistedNon-exchangeTraded 2022-12-31 03604647 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 03604647 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 03604647 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 03604647 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 03604647 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 03604647 frs-bus:Director1 2023-01-01 2023-12-31 03604647 frs-bus:Director2 2023-01-01 2023-12-31 03604647 frs-bus:Director3 2023-01-01 2023-12-31 03604647 frs-bus:Director4 2023-01-01 2023-12-31 03604647 frs-countries:EnglandWales 2023-01-01 2023-12-31 03604647 2021-12-31 03604647 2022-12-31 03604647 2022-01-01 2022-12-31 03604647 frs-core:CurrentFinancialInstruments 2022-12-31 03604647 frs-core:Non-currentFinancialInstruments 2022-12-31 03604647 frs-core:ShareCapital 2022-12-31 03604647 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03604647
Boultons Harrisons Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03604647
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,144 5,290
Investments 6 - 100
3,144 5,390
CURRENT ASSETS
Debtors 7 528,471 340,927
Cash at bank and in hand 42 5,323
528,513 346,250
Creditors: Amounts Falling Due Within One Year 8 (126,512 ) (112,067 )
NET CURRENT ASSETS (LIABILITIES) 402,001 234,183
TOTAL ASSETS LESS CURRENT LIABILITIES 405,145 239,573
Creditors: Amounts Falling Due After More Than One Year 9 (41,850 ) (57,486 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (585 )
NET ASSETS 363,295 181,502
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 363,195 181,402
SHAREHOLDERS' FUNDS 363,295 181,502
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For the year 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 Income Statement.
On behalf of the board
Mr Richard Holmes
Director
5 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Boultons Harrisons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03604647 . The registered office is 54 John William Street, Huddersfield, West Yorkshire, HD1 1ER.
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
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
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.
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 income statement 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:
Freehold 25% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
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 years 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 assets reflect 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 19)
19 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 26,286
Disposals (26,286)
As at 31 December 2023 -
Amortisation
As at 1 January 2023 26,286
Disposals (26,286)
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 20,913 116,732 85,439 223,084
Disposals (20,913 ) (112,802 ) (84,079 ) (217,794 )
As at 31 December 2023 - 3,930 1,360 5,290
Depreciation
As at 1 January 2023 20,913 112,802 84,079 217,794
Provided during the period - 786 1,360 2,146
Disposals (20,913 ) (112,802 ) (84,079 ) (217,794 )
As at 31 December 2023 - 786 1,360 2,146
Net Book Value
As at 31 December 2023 - 3,144 - 3,144
As at 1 January 2023 - 3,930 1,360 5,290
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6. Investments
Unlisted
£
Cost
As at 1 January 2023 100
Disposals (100 )
As at 31 December 2023 -
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 100
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 94,650 60,536
Amounts owed by group undertakings 368,926 246,278
Other debtors 64,895 34,113
528,471 340,927
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 41,034 21,957
Bank loans and overdrafts 44,433 41,777
Amounts owed to group undertakings - 100
Other creditors 11,670 9,403
Taxation and social security 29,375 38,830
126,512 112,067
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 41,850 57,486
10. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 27,599 24,326
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11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
Debtors include the following amounts due by group companies:
Boultons Holdings Ltd £368,926 (2022 : £246,278)
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr Richard Holmes by virtue of his ownership of 100% of the issued share capital in the ultimate parent company - Holmes Holding Limited.
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