Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04579165 Mr Michael Hiorns Mrs Caroline Hiorns iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04579165 2022-12-31 04579165 2023-12-31 04579165 2023-01-01 2023-12-31 04579165 frs-core:CurrentFinancialInstruments 2023-12-31 04579165 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04579165 frs-core:MotorVehicles 2023-12-31 04579165 frs-core:MotorVehicles 2023-01-01 2023-12-31 04579165 frs-core:MotorVehicles 2022-12-31 04579165 frs-core:PlantMachinery 2023-12-31 04579165 frs-core:PlantMachinery 2023-01-01 2023-12-31 04579165 frs-core:PlantMachinery 2022-12-31 04579165 frs-core:ShareCapital 2023-12-31 04579165 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04579165 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04579165 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04579165 frs-bus:SmallEntities 2023-01-01 2023-12-31 04579165 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04579165 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04579165 frs-bus:Director1 2023-01-01 2023-12-31 04579165 frs-bus:Director1 2022-12-31 04579165 frs-bus:Director1 2023-12-31 04579165 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04579165 frs-countries:EnglandWales 2023-01-01 2023-12-31 04579165 2021-12-31 04579165 2022-12-31 04579165 2022-01-01 2022-12-31 04579165 frs-core:CurrentFinancialInstruments 2022-12-31 04579165 frs-core:ShareCapital 2022-12-31 04579165 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04579165
M Hiorns Building Contractor Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04579165
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 83,219 61,281
83,219 61,281
CURRENT ASSETS
Stocks 6 89,961 5,725
Debtors 7 177,650 415,404
Cash at bank and in hand 524,201 434,463
791,812 855,592
Creditors: Amounts Falling Due Within One Year 8 (105,001 ) (137,531 )
NET CURRENT ASSETS (LIABILITIES) 686,811 718,061
TOTAL ASSETS LESS CURRENT LIABILITIES 770,030 779,342
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,805 ) -
NET ASSETS 749,225 779,342
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 749,223 779,340
SHAREHOLDERS' FUNDS 749,225 779,342
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Michael Hiorns
Director
21 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
M Hiorns Building Contractor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04579165 . The registered office is Unit 22 Delta Lakes Enterprise Centre, The Avenue Delta Lakes, Llanelli, Dyfed, SA15 2DS.
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.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. 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.
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. 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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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 14)
11 14
4. Prior Period Adjustment
Adjustments have been made in respect of the prior period as a result of a misstatement in the prior period accounts, the adjustments are as follows:
Profit & loss 
Dividends paid £24,600 credit
Balance Sheet
Other debtors £24,600 debit
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 22,535 93,478 116,013
Additions - 35,374 35,374
As at 31 December 2023 22,535 128,852 151,387
Depreciation
As at 1 January 2023 15,777 38,955 54,732
Provided during the period 1,352 12,084 13,436
As at 31 December 2023 17,129 51,039 68,168
Net Book Value
As at 31 December 2023 5,406 77,813 83,219
As at 1 January 2023 6,758 54,523 61,281
6. Stocks
2023 2022
as restated
£ £
Stock 5,725 5,725
Work in progress 84,236 -
89,961 5,725
7. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 135,597 120,080
Other debtors 42,053 295,324
177,650 415,404
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 16,316 20,075
Other creditors 9,564 12,162
Taxation and social security 79,121 105,294
105,001 137,531
9. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Michael Hiorns 247,761 43,724 (284,101 ) - 7,383
The above loan is unsecured, interest free and repayable on demand.
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