Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 00230840 M C Hoyes M C Hoyes A M Miller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00230840 2023-01-31 00230840 2024-01-31 00230840 2023-02-01 2024-01-31 00230840 frs-core:CurrentFinancialInstruments 2024-01-31 00230840 frs-core:ComputerEquipment 2024-01-31 00230840 frs-core:ComputerEquipment 2023-02-01 2024-01-31 00230840 frs-core:ComputerEquipment 2023-01-31 00230840 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 00230840 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 00230840 frs-core:ShareCapital 2024-01-31 00230840 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 00230840 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 00230840 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 00230840 frs-bus:SmallEntities 2023-02-01 2024-01-31 00230840 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 00230840 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 00230840 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 00230840 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 00230840 frs-core:CostValuation 2023-01-31 00230840 frs-core:AdditionsToInvestments 2024-01-31 00230840 frs-core:CostValuation 2024-01-31 00230840 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 00230840 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-01-31 00230840 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 00230840 frs-bus:Director1 2023-02-01 2024-01-31 00230840 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 00230840 frs-bus:CompanySecretary2 2023-02-01 2024-01-31 00230840 frs-countries:EnglandWales 2023-02-01 2024-01-31 00230840 2022-01-31 00230840 2023-01-31 00230840 2022-02-01 2023-01-31 00230840 frs-core:CurrentFinancialInstruments 2023-01-31 00230840 frs-core:ShareCapital 2023-01-31 00230840 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 00230840 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: 00230840
Hoyes & Son Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00230840
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,205,000 2,205,000
Investments 5 400,486 347,920
2,605,486 2,552,920
CURRENT ASSETS
Debtors 6 3,874 10,000
Cash at bank and in hand 147,797 161,467
151,671 171,467
Creditors: Amounts Falling Due Within One Year 7 (28,747 ) (10,878 )
NET CURRENT ASSETS (LIABILITIES) 122,924 160,589
TOTAL ASSETS LESS CURRENT LIABILITIES 2,728,410 2,713,509
PROVISIONS FOR LIABILITIES
Deferred Taxation (287,511 ) (253,000 )
NET ASSETS 2,440,899 2,460,509
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Fair value reserve 9 1,514,159 1,514,159
Profit and Loss Account 916,740 936,350
SHAREHOLDERS' FUNDS 2,440,899 2,460,509
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
M C Hoyes
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hoyes & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00230840 . The registered office is 5 The Courtyard, Gaulby Lane, Stoughton, Leicester, LE2 2FL.
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 represents net rent receivable.
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:
Computer Equipment 25% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 2,205,000 907 2,205,907
As at 31 January 2024 2,205,000 907 2,205,907
Depreciation
As at 1 February 2023 - 907 907
As at 31 January 2024 - 907 907
Net Book Value
As at 31 January 2024 2,205,000 - 2,205,000
As at 1 February 2023 2,205,000 - 2,205,000
5. Investments
Other
£
Cost
As at 1 February 2023 347,845
Additions 50,000
As at 31 January 2024 397,845
Provision
As at 1 February 2023 (75 )
Added in period (2,566 )
As at 31 January 2024 (2,641 )
Net Book Value
As at 31 January 2024 400,486
As at 1 February 2023 347,920
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,874 10,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 10,799 8,366
Other creditors 12,012 -
Accruals and deferred income 5,936 2,512
28,747 10,878
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
9. Reserves
Fair Value Reserve
£
As at 1 February 2023 1,514,159
As at 31 January 2024 1,514,159
Page 5