Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 15 August 2024 1 January 2023 31 December 2023 31 December 2023 NI042539 Mr Christopher O'Connor Mr Seamus Hurson Mr Alan Cassidy Mr Alan Cassidy Mr Christopher Francis O'Connor and Mrs Patricia O'Connor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI042539 2022-12-31 NI042539 2023-12-31 NI042539 2023-01-01 2023-12-31 NI042539 frs-core:CurrentFinancialInstruments 2023-12-31 NI042539 frs-core:Non-currentFinancialInstruments 2023-12-31 NI042539 frs-core:BetweenOneFiveYears 2023-12-31 NI042539 frs-core:MotorVehicles 2023-12-31 NI042539 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI042539 frs-core:MotorVehicles 2022-12-31 NI042539 frs-core:PlantMachinery 2023-12-31 NI042539 frs-core:PlantMachinery 2023-01-01 2023-12-31 NI042539 frs-core:PlantMachinery 2022-12-31 NI042539 frs-core:WithinOneYear 2023-12-31 NI042539 frs-core:ShareCapital 2023-12-31 NI042539 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI042539 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI042539 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI042539 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI042539 frs-bus:Audited 2023-01-01 2023-12-31 NI042539 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI042539 1 2023-01-01 2023-12-31 NI042539 frs-bus:Director1 2023-01-01 2023-12-31 NI042539 frs-bus:Director2 2023-01-01 2023-12-31 NI042539 frs-bus:Director3 2023-01-01 2023-12-31 NI042539 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 NI042539 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI042539 2021-12-31 NI042539 2022-12-31 NI042539 2022-01-01 2022-12-31 NI042539 frs-core:CurrentFinancialInstruments 2022-12-31 NI042539 frs-core:Non-currentFinancialInstruments 2022-12-31 NI042539 frs-core:BetweenOneFiveYears 2022-12-31 NI042539 frs-core:WithinOneYear 2022-12-31 NI042539 frs-core:ShareCapital 2022-12-31 NI042539 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI042539
Henley Forklift Group (N.I.) Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI042539
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,360 26,390
99,360 26,390
CURRENT ASSETS
Stocks 5 - 200
Debtors 6 332,552 361,768
Cash at bank and in hand 124,837 66,058
457,389 428,026
Creditors: Amounts Falling Due Within One Year 7 (309,423 ) (304,351 )
NET CURRENT ASSETS (LIABILITIES) 147,966 123,675
TOTAL ASSETS LESS CURRENT LIABILITIES 247,326 150,065
Creditors: Amounts Falling Due After More Than One Year 8 (60,341 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,028 ) (5,014 )
NET ASSETS 174,957 145,051
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 174,955 145,049
SHAREHOLDERS' FUNDS 174,957 145,051
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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 Christopher O'Connor
Director
15 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Henley Forklift Group (N.I.) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI042539 . The registered office is Garvey Studios, 14 Longstone St., Lisburn, Co. Antrim, BT28 1TP.
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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.
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% on cost
Motor Vehicles 25% on cost
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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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: 7 (2022: 6)
7 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 28,030 94,288 122,318
Additions - 96,490 96,490
Disposals - (30,336 ) (30,336 )
As at 31 December 2023 28,030 160,442 188,472
Depreciation
As at 1 January 2023 28,030 67,898 95,928
Provided during the period - 23,520 23,520
Disposals - (30,336 ) (30,336 )
As at 31 December 2023 28,030 61,082 89,112
Net Book Value
As at 31 December 2023 - 99,360 99,360
As at 1 January 2023 - 26,390 26,390
5. Stocks
2023 2022
£ £
Stock - 200
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 81,624 205,152
Amounts owed by group undertakings 242,120 148,417
Other debtors 8,808 8,199
332,552 361,768
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 29,376 1,919
Trade creditors 49,372 19,253
Amounts owed to group undertakings 197,371 193,504
Other creditors 10,731 60,251
Taxation and social security 22,573 29,424
309,423 304,351
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 60,341 -
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 29,376 1,919
Later than one year and not later than five years 60,341 -
89,717 1,919
89,717 1,919
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
During the year £308,363 of purchases were made from Henley Forklift Group Limited. At 31 December 2023 £242,120 was owed by Henley Forklift Group Limited.
During the year £73,663 of purchases were made from Henley Hire Services Limited. At 31 December 2023 £117,371 was owed to Henley Hire Services Limited.
Also included in amounts owed to group undertakings is a loan of £80,000 payable to Henley Group Limited.
These 3 companies, along with Henley Forklift Group (N.I.) Ltd, are under common control.
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Henley Group Limited . Henley Group Limited was incorporated in the Republic of Ireland. The ultimate controlling parties are Mr Christopher Francis O'Connor and Mrs Patricia O'Connor who control 100% of the shares of Henley Forklift Group (N.I.) Ltd .
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14. Audit Information
The auditors report on the account of Henley Forklift Group (N.I.) Ltd for the year ended 31 December 2023 was unqualified
The auditor's report was signed by John McCleary (Senior Statutory Auditor) for and on behalf of McCleary & Company Ltd. , Statutory Auditor
McCleary & Company Ltd.
Quaker Buildings
High Street
Lurgan
Co. Armagh
BT66 8BB
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