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 00464432 Mr Benjamin Tripp Mr Christopher Hotton Mrs Emily Tripp Mrs Samantha Hotton Mrs Samantha Hotton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00464432 2023-03-31 00464432 2024-03-31 00464432 2023-04-01 2024-03-31 00464432 frs-core:CurrentFinancialInstruments 2024-03-31 00464432 frs-core:Non-currentFinancialInstruments 2024-03-31 00464432 frs-core:BetweenOneFiveYears 2024-03-31 00464432 frs-core:FurnitureFittings 2024-03-31 00464432 frs-core:FurnitureFittings 2023-04-01 2024-03-31 00464432 frs-core:FurnitureFittings 2023-03-31 00464432 frs-core:NetGoodwill 2024-03-31 00464432 frs-core:NetGoodwill 2023-04-01 2024-03-31 00464432 frs-core:NetGoodwill 2023-03-31 00464432 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 00464432 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00464432 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 00464432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 00464432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00464432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 00464432 frs-core:MotorVehicles 2024-03-31 00464432 frs-core:MotorVehicles 2023-04-01 2024-03-31 00464432 frs-core:MotorVehicles 2023-03-31 00464432 frs-core:PlantMachinery 2024-03-31 00464432 frs-core:PlantMachinery 2023-04-01 2024-03-31 00464432 frs-core:PlantMachinery 2023-03-31 00464432 frs-core:WithinOneYear 2024-03-31 00464432 frs-core:OtherReservesSubtotal 2024-03-31 00464432 frs-core:ShareCapital 2024-03-31 00464432 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00464432 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00464432 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00464432 frs-bus:SmallEntities 2023-04-01 2024-03-31 00464432 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00464432 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00464432 frs-bus:Director1 2023-04-01 2024-03-31 00464432 frs-bus:Director2 2023-04-01 2024-03-31 00464432 frs-bus:Director3 2023-04-01 2024-03-31 00464432 frs-bus:Director4 2023-04-01 2024-03-31 00464432 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 00464432 frs-core:CurrentFinancialInstruments 1 2024-03-31 00464432 frs-countries:EnglandWales 2023-04-01 2024-03-31 00464432 2022-03-31 00464432 2023-03-31 00464432 2022-04-01 2023-03-31 00464432 frs-core:CurrentFinancialInstruments 2023-03-31 00464432 frs-core:Non-currentFinancialInstruments 2023-03-31 00464432 frs-core:BetweenOneFiveYears 2023-03-31 00464432 frs-core:WithinOneYear 2023-03-31 00464432 frs-core:OtherReservesSubtotal 2023-03-31 00464432 frs-core:ShareCapital 2023-03-31 00464432 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 00464432 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 00464432
A.H. Tripp & Son Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00464432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 911,961 916,821
911,961 916,821
CURRENT ASSETS
Debtors 6 147,975 117,225
Cash at bank and in hand 787,690 727,754
935,665 844,979
Creditors: Amounts Falling Due Within One Year 7 (382,657 ) (328,355 )
NET CURRENT ASSETS (LIABILITIES) 553,008 516,624
TOTAL ASSETS LESS CURRENT LIABILITIES 1,464,969 1,433,445
Creditors: Amounts Falling Due After More Than One Year 8 (23,961 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (222,115 ) (171,137 )
NET ASSETS 1,218,893 1,262,308
CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Other reserves 19,484 19,484
Profit and Loss Account 1,197,409 1,240,824
SHAREHOLDERS' FUNDS 1,218,893 1,262,308
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
Mr Benjamin Tripp
Director
31/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A.H. Tripp & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00464432 . The registered office is 34 Aylesbury End, Beaconsfield, Buckinghamshire, HP9 1LW.
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. 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 .... years.
2.4. 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 N/A
Leasehold straight line over the life of the lease
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.5. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 33)
33 33
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 20,000
As at 31 March 2024 20,000
Amortisation
As at 1 April 2023 20,000
As at 31 March 2024 20,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2023 357,938 398,750 160,428 987,442
Additions - - 39,315 46,868
Disposals - - - (139,540 )
As at 31 March 2024 357,938 398,750 199,743 894,770
Depreciation
As at 1 April 2023 - 168,527 71,466 785,057
...CONTINUED
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Page 5
Provided during the period - 4,430 19,242 62,186
Disposals - - - (139,034 )
As at 31 March 2024 - 172,957 90,708 708,209
Net Book Value
As at 31 March 2024 357,938 225,793 109,035 186,561
As at 1 April 2023 357,938 230,223 88,962 202,385
Fixtures & Fittings Total
£ £
Cost
As at 1 April 2023 75,549 1,980,107
Additions 1,080 87,263
Disposals - (139,540 )
As at 31 March 2024 76,629 1,927,830
Depreciation
As at 1 April 2023 38,236 1,063,286
Provided during the period 5,759 91,617
Disposals - (139,034 )
As at 31 March 2024 43,995 1,015,869
Net Book Value
As at 31 March 2024 32,634 911,961
As at 1 April 2023 37,313 916,821
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,139 82,597
Prepayments and accrued income 41,566 16,556
Other debtors 270 348
Corporation tax recoverable assets - 17,724
147,975 117,225
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,846 -
Trade creditors 81,463 83,649
Corporation tax 4,547 6,665
Other taxes and social security 36,280 -
VAT 62,597 37,046
Net wages 1,460 -
...CONTINUED
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Pension liability 6,401 2,924
Accruals and deferred income 80,184 120,766
Directors' loan accounts 102,879 77,305
382,657 328,355
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,961 -
23,961 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,846 -
Later than one year and not later than five years 23,961 -
30,807 -
30,807 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
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