Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12435514 Mr David De Silva Mr Julian Lawrence iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12435514 2023-01-31 12435514 2024-01-31 12435514 2023-02-01 2024-01-31 12435514 frs-core:CurrentFinancialInstruments 2024-01-31 12435514 frs-core:Non-currentFinancialInstruments 2024-01-31 12435514 frs-core:BetweenOneFiveYears 2024-01-31 12435514 frs-core:ComputerEquipment 2024-01-31 12435514 frs-core:ComputerEquipment 2023-02-01 2024-01-31 12435514 frs-core:ComputerEquipment 2023-01-31 12435514 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 12435514 frs-core:FurnitureFittings 2024-01-31 12435514 frs-core:FurnitureFittings 2023-02-01 2024-01-31 12435514 frs-core:FurnitureFittings 2023-01-31 12435514 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 12435514 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 12435514 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 12435514 frs-core:OtherResidualIntangibleAssets 2024-01-31 12435514 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 12435514 frs-core:OtherResidualIntangibleAssets 2023-01-31 12435514 frs-core:PlantMachinery 2024-01-31 12435514 frs-core:PlantMachinery 2023-02-01 2024-01-31 12435514 frs-core:PlantMachinery 2023-01-31 12435514 frs-core:WithinOneYear 2024-01-31 12435514 frs-core:ShareCapital 2024-01-31 12435514 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12435514 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12435514 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12435514 frs-bus:SmallEntities 2023-02-01 2024-01-31 12435514 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12435514 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12435514 frs-bus:Director1 2023-02-01 2024-01-31 12435514 frs-bus:Director2 2023-02-01 2024-01-31 12435514 frs-core:CurrentFinancialInstruments 1 2024-01-31 12435514 frs-core:CurrentFinancialInstruments 2 2024-01-31 12435514 frs-countries:EnglandWales 2023-02-01 2024-01-31 12435514 2022-01-31 12435514 2023-01-31 12435514 2022-02-01 2023-01-31 12435514 frs-core:CurrentFinancialInstruments 2023-01-31 12435514 frs-core:Non-currentFinancialInstruments 2023-01-31 12435514 frs-core:BetweenOneFiveYears 2023-01-31 12435514 frs-core:WithinOneYear 2023-01-31 12435514 frs-core:ShareCapital 2023-01-31 12435514 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 12435514 frs-core:CurrentFinancialInstruments 1 2023-01-31 12435514 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 12435514
The Hide (Pocklington) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Townend English
Chartered Accountants
81-83 Market Street
Pocklington
YO42 2AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12435514
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,250 9,666
Tangible Assets 5 38,005 59,497
45,255 69,163
CURRENT ASSETS
Stocks 6 15,890 7,950
Debtors 7 3,182 2,351
Cash at bank and in hand 29,251 23,079
48,323 33,380
Creditors: Amounts Falling Due Within One Year 8 (90,897 ) (96,664 )
NET CURRENT ASSETS (LIABILITIES) (42,574 ) (63,284 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,681 5,879
Creditors: Amounts Falling Due After More Than One Year 9 (13,333 ) (23,329 )
NET LIABILITIES (10,652 ) (17,450 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (10,752 ) (17,550 )
SHAREHOLDERS' FUNDS (10,652) (17,450)
Page 1
Page 2
For the year ending 31 January 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 Julian Lawrence
Director
18 June 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
The Hide (Pocklington) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12435514 . The registered office is 7 Market Place, Pocklington, York, YO42 2AS.
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. Going Concern Disclosure
Whilst the company has negative balance sheet reserves, the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company is supported by a director's loan from Mr Julian Lawrence.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are leashold premium and legal costs associated with the lease. It is amortised to profit and loss account over the 7 year lease term.
2.5. 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 Straight line - 7 years
Plant & Machinery Straight line - 5 years
Fixtures & Fittings Stright line - 4 years
Computer Equipment Stright line - 3 years
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Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 26)
26 26
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 16,916
As at 31 January 2024 16,916
Amortisation
As at 1 February 2023 7,250
Provided during the period 2,416
As at 31 January 2024 9,666
Net Book Value
As at 31 January 2024 7,250
As at 1 February 2023 9,666
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 44,240 54,073 18,169 5,853 122,335
Additions - 587 682 277 1,546
As at 31 January 2024 44,240 54,660 18,851 6,130 123,881
Depreciation
As at 1 February 2023 18,959 26,920 12,434 4,525 62,838
Provided during the period 6,320 10,932 4,712 1,074 23,038
As at 31 January 2024 25,279 37,852 17,146 5,599 85,876
Net Book Value
As at 31 January 2024 18,961 16,808 1,705 531 38,005
As at 1 February 2023 25,281 27,153 5,735 1,328 59,497
Page 4
Page 5
6. Stocks
2024 2023
£ £
Finished goods 15,890 7,950
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 140 -
Prepayments and accrued income 1,314 1,143
Other debtors 1,728 1,208
3,182 2,351
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,007 13,523
Bank loans and overdrafts 9,996 10,000
Other taxes and social security 4,949 4,545
VAT 23,520 23,944
Other creditors 4,525 5,281
Short term loans (67 ) (67 )
Pension creditor 1,421 990
Accruals and deferred income 1,679 1,631
Directors' loan accounts 28,867 36,817
90,897 96,664
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,329
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,000 12,000
Later than one year and not later than five years 28,000 40,000
40,000 52,000
Page 6