Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC562140 Mrs Skerry Read iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC562140 2023-01-31 SC562140 2024-01-31 SC562140 2023-02-01 2024-01-31 SC562140 frs-core:CurrentFinancialInstruments 2024-01-31 SC562140 frs-core:NetGoodwill 2024-01-31 SC562140 frs-core:NetGoodwill 2023-02-01 2024-01-31 SC562140 frs-core:NetGoodwill 2023-01-31 SC562140 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 SC562140 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 SC562140 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 SC562140 frs-core:PlantMachinery 2024-01-31 SC562140 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC562140 frs-core:PlantMachinery 2023-01-31 SC562140 frs-core:ShareCapital 2024-01-31 SC562140 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC562140 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC562140 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC562140 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC562140 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC562140 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC562140 frs-bus:Director1 2023-02-01 2024-01-31 SC562140 frs-countries:Scotland 2023-02-01 2024-01-31 SC562140 2022-01-31 SC562140 2023-01-31 SC562140 2022-02-01 2023-01-31 SC562140 frs-core:CurrentFinancialInstruments 2023-01-31 SC562140 frs-core:ShareCapital 2023-01-31 SC562140 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC562140
Hampton & Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC562140
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,050 64,641
58,050 64,641
CURRENT ASSETS
Stocks 5 97,273 124,760
Debtors 6 326,312 375,591
Cash at bank and in hand 968,651 642,457
1,392,236 1,142,808
Creditors: Amounts Falling Due Within One Year 7 (357,325 ) (284,890 )
NET CURRENT ASSETS (LIABILITIES) 1,034,911 857,918
TOTAL ASSETS LESS CURRENT LIABILITIES 1,092,961 922,559
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,000 ) -
NET ASSETS 1,087,961 922,559
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 1,087,861 922,459
SHAREHOLDERS' FUNDS 1,087,961 922,559
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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
Mrs Skerry Read
Director
29 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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 from the sale of goods is recognised when the significant risks and
rewards of ownership of the goods have transferred to the buyer. 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.
1.3. 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 5 years.
1.4. 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:
Leasehold improvements 10% Straight line
Plant and machinery etc 25% and 33% Straight line
1.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and 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.
1.6. Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.7. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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1.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
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 asset reflects 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.
1.9. 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.
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2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 20 (2023: 21)
20 21
3. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 27,000
As at 31 January 2024 27,000
Amortisation
As at 1 February 2023 27,000
As at 31 January 2024 27,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
4. Tangible Assets
Land & Property
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
As at 1 February 2023 60,735 75,927 136,662
Additions 5,464 6,272 11,736
Disposals - (3,111 ) (3,111 )
As at 31 January 2024 66,199 79,088 145,287
Depreciation
As at 1 February 2023 22,941 49,080 72,021
Provided during the period 6,396 11,580 17,976
Disposals - (2,760 ) (2,760 )
As at 31 January 2024 29,337 57,900 87,237
Net Book Value
As at 31 January 2024 36,862 21,188 58,050
As at 1 February 2023 37,794 26,847 64,641
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5. Stocks
2024 2023
£ £
Work in progress 97,273 124,760
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 204,573 361,286
Other debtors 121,739 14,305
326,312 375,591
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 102,244 93,233
Other creditors 97,406 132,178
Taxation and social security 157,675 59,479
357,325 284,890
8. General Information
Hampton & Associates Ltd is a private company, limited by shares, incorporated in Scotland, the registered number is SC562140 . The registered office is 34 Albyn Place, Aberdeen, Scotland, AB10 1YL.
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