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 02767507 Nicholas Hern Matthew Applewhite iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02767507 2022-12-31 02767507 2023-12-31 02767507 2023-01-01 2023-12-31 02767507 frs-core:CurrentFinancialInstruments 2023-12-31 02767507 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 02767507 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 02767507 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 02767507 frs-core:PlantMachinery 2023-12-31 02767507 frs-core:PlantMachinery 2023-01-01 2023-12-31 02767507 frs-core:PlantMachinery 2022-12-31 02767507 frs-core:CapitalRedemptionReserve 2023-12-31 02767507 frs-core:OtherReservesSubtotal 2023-12-31 02767507 frs-core:SharePremium 2023-12-31 02767507 frs-core:ShareCapital 2023-12-31 02767507 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02767507 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02767507 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02767507 frs-bus:SmallEntities 2023-01-01 2023-12-31 02767507 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02767507 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02767507 frs-core:CostValuation 2022-12-31 02767507 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 02767507 frs-core:CostValuation 2023-12-31 02767507 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 02767507 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 02767507 frs-bus:Director1 2023-01-01 2023-12-31 02767507 frs-bus:Director2 2023-01-01 2023-12-31 02767507 frs-countries:EnglandWales 2023-01-01 2023-12-31 02767507 2021-12-31 02767507 2022-12-31 02767507 2022-01-01 2022-12-31 02767507 frs-core:CurrentFinancialInstruments 2022-12-31 02767507 frs-core:CapitalRedemptionReserve 2022-12-31 02767507 frs-core:OtherReservesSubtotal 2022-12-31 02767507 frs-core:SharePremium 2022-12-31 02767507 frs-core:ShareCapital 2022-12-31 02767507 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02767507
Nick Hern Books Limited
Unaudited 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: 02767507
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,643 2,796
Investments 5 900,309 844,216
903,952 847,012
CURRENT ASSETS
Stocks 88,986 52,567
Debtors 6 385,044 405,823
Cash at bank and in hand 238,733 210,502
712,763 668,892
Creditors: Amounts Falling Due Within One Year 7 (486,339 ) (501,646 )
NET CURRENT ASSETS (LIABILITIES) 226,424 167,246
TOTAL ASSETS LESS CURRENT LIABILITIES 1,130,376 1,014,258
NET ASSETS 1,130,376 1,014,258
CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Share premium account - 750
Capital redemption reserve (250 ) -
Other reserves 68,583 31,140
Profit and Loss Account 1,057,043 977,368
SHAREHOLDERS' FUNDS 1,130,376 1,014,258
Page 1
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 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
Matthew Applewhite
Director
20/09/2024
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
Nick Hern Books Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02767507 . The registered office is The Glasshouse, 49a Goldhawk Road, London, W12 8QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements have been prepared 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:
Leasehold 25% straight line
Plant & Machinery 25% straight line
Fixed Asset Investments
Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. 
A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Page 3
Page 4
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
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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: 15 (2022: 14)
15 14
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 3,124 32,371 35,495
Additions - 2,596 2,596
As at 31 December 2023 3,124 34,967 38,091
Depreciation
As at 1 January 2023 3,124 29,575 32,699
Provided during the period - 1,749 1,749
As at 31 December 2023 3,124 31,324 34,448
Net Book Value
As at 31 December 2023 - 3,643 3,643
As at 1 January 2023 - 2,796 2,796
Page 4
Page 5
5. Investments
Other
£
Cost
As at 1 January 2023 844,216
Revaluations 56,093
As at 31 December 2023 900,309
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 900,309
As at 1 January 2023 844,216
Investments held at valuation
In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
2023
2022
Other investments
Other investments
£
£
Aggregate historical cost
850,000
850,000
Carrying amount
image
850,000
image850,000
image
image
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 283,983 321,374
Other debtors 101,061 84,449
385,044 405,823
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 123,693 124,046
Other creditors 306,004 317,269
Taxation and social security 56,642 60,331
486,339 501,646
8. Reserves
Included within Other Reserves is the Fair Value Reserve as follows:
2023
2022
£
£
At start of year
-
47,172
Reclassification from fair value reserve to profit and loss account
37,443
(47,172)
image
image
At end of year
37,443image
-
image
Page 6