Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00856518 Ms S Webster Mr W Webster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00856518 2023-03-31 00856518 2024-03-31 00856518 2023-04-01 2024-03-31 00856518 frs-core:CurrentFinancialInstruments 2024-03-31 00856518 frs-core:Non-currentFinancialInstruments 2024-03-31 00856518 frs-core:ComputerEquipment 2024-03-31 00856518 frs-core:ComputerEquipment 2023-04-01 2024-03-31 00856518 frs-core:ComputerEquipment 2023-03-31 00856518 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 00856518 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00856518 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 00856518 frs-core:MotorVehicles 2024-03-31 00856518 frs-core:MotorVehicles 2023-04-01 2024-03-31 00856518 frs-core:MotorVehicles 2023-03-31 00856518 frs-core:PlantMachinery 2024-03-31 00856518 frs-core:PlantMachinery 2023-04-01 2024-03-31 00856518 frs-core:PlantMachinery 2023-03-31 00856518 frs-core:RevaluationReserve 2023-04-01 2024-03-31 00856518 frs-core:RevaluationReserve 2023-03-31 00856518 frs-core:RevaluationReserve 2024-03-31 00856518 frs-core:ShareCapital 2024-03-31 00856518 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00856518 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00856518 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00856518 frs-bus:SmallEntities 2023-04-01 2024-03-31 00856518 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00856518 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00856518 frs-bus:Director1 2023-04-01 2024-03-31 00856518 frs-bus:Director2 2023-04-01 2024-03-31 00856518 frs-countries:EnglandWales 2023-04-01 2024-03-31 00856518 2022-03-31 00856518 2023-03-31 00856518 2022-04-01 2023-03-31 00856518 frs-core:CurrentFinancialInstruments 2023-03-31 00856518 frs-core:Non-currentFinancialInstruments 2023-03-31 00856518 frs-core:RevaluationReserve 2023-03-31 00856518 frs-core:ShareCapital 2023-03-31 00856518 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 00856518
W.D.Hillier(Investments)Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00856518
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,300,569 1,320,113
Investment Properties 5 500,000 500,000
1,800,569 1,820,113
CURRENT ASSETS
Debtors 6 462,082 440,612
Cash at bank and in hand 352,955 307,583
815,037 748,195
Creditors: Amounts Falling Due Within One Year 7 (86,820 ) (82,708 )
NET CURRENT ASSETS (LIABILITIES) 728,217 665,487
TOTAL ASSETS LESS CURRENT LIABILITIES 2,528,786 2,485,600
Creditors: Amounts Falling Due After More Than One Year 8 (16,083 ) (16,083 )
NET ASSETS 2,512,703 2,469,517
CAPITAL AND RESERVES
Called up share capital 9 117 117
Revaluation reserve 10 473,331 402,320
Profit and Loss Account 2,039,255 2,067,080
SHAREHOLDERS' FUNDS 2,512,703 2,469,517
Page 1
Page 2
For the year ending 31 March 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
Ms S Webster
Director
12 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
W.D.Hillier(Investments)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00856518 . The registered office is Darley Abbey Mills, Darley Abbey, Derby, DE22 1DZ.
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.
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.
2.3. 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:
Freehold 2% on cost
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33.3% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,316,000 11,849 25,696 576 1,354,121
Additions - 1,833 - 375 2,208
Disposals - - (25,696 ) (577 ) (26,273 )
As at 31 March 2024 1,316,000 13,682 - 374 1,330,056
Depreciation
As at 1 April 2023 16,000 4,497 13,049 462 34,008
Provided during the period 8,000 897 - 94 8,991
Disposals - - (13,049 ) (463 ) (13,512 )
As at 31 March 2024 24,000 5,394 - 93 29,487
Net Book Value
As at 31 March 2024 1,292,000 8,288 - 281 1,300,569
As at 1 April 2023 1,300,000 7,352 12,647 114 1,320,113
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 500,000
Investment properties were valued on a fair value basis on 31 March 2024 by the directors.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,916 26,626
Prepayments and accrued income 12,126 2,327
Other debtors 331,232 316,941
Corporation tax recoverable assets 84,808 85,346
462,082 431,240
Due after more than one year
Deferred tax current asset - 9,372
462,082 440,612
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,112 2,180
Other taxes and social security 2,000 2,965
VAT 6,425 4,757
Other creditors 45,764 45,764
Accruals and deferred income 31,519 27,042
86,820 82,708
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 16,083 16,083
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 117 117
10. Reserves
Revaluation Reserve
£
As at 1 April 2023 402,320
Transfer to/from profit and loss 71,011
As at 31 March 2024 473,331
Page 5