Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10106983 Mr Joe Hopley Mr William Hopley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10106983 2023-04-30 10106983 2024-04-30 10106983 2023-05-01 2024-04-30 10106983 frs-core:CurrentFinancialInstruments 2024-04-30 10106983 frs-core:Non-currentFinancialInstruments 2024-04-30 10106983 frs-core:BetweenOneFiveYears 2024-04-30 10106983 frs-core:ComputerEquipment 2024-04-30 10106983 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10106983 frs-core:ComputerEquipment 2023-04-30 10106983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 10106983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10106983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 10106983 frs-core:PlantMachinery 2024-04-30 10106983 frs-core:PlantMachinery 2023-05-01 2024-04-30 10106983 frs-core:PlantMachinery 2023-04-30 10106983 frs-core:WithinOneYear 2024-04-30 10106983 frs-core:ShareCapital 2024-04-30 10106983 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10106983 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10106983 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10106983 frs-bus:SmallEntities 2023-05-01 2024-04-30 10106983 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10106983 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10106983 frs-bus:Director1 2023-05-01 2024-04-30 10106983 frs-bus:Director2 2023-05-01 2024-04-30 10106983 frs-countries:EnglandWales 2023-05-01 2024-04-30 10106983 2022-04-30 10106983 2023-04-30 10106983 2022-05-01 2023-04-30 10106983 frs-core:CurrentFinancialInstruments 2023-04-30 10106983 frs-core:Non-currentFinancialInstruments 2023-04-30 10106983 frs-core:BetweenOneFiveYears 2023-04-30 10106983 frs-core:WithinOneYear 2023-04-30 10106983 frs-core:ShareCapital 2023-04-30 10106983 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10106983
J M Hopley Farms Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Mee Accountancy Services Ltd
Unit 1 Uttoxeter Business Centre
Dovefields Retail Park
Uttoxeter
Staffordshire
ST14 8AZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10106983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 505,603 454,841
505,603 454,841
CURRENT ASSETS
Stocks 5 371,705 407,000
Debtors 6 14,550 43,635
Cash at bank and in hand 15,782 8
402,037 450,643
Creditors: Amounts Falling Due Within One Year 7 (610,653 ) (636,387 )
NET CURRENT ASSETS (LIABILITIES) (208,616 ) (185,744 )
TOTAL ASSETS LESS CURRENT LIABILITIES 296,987 269,097
Creditors: Amounts Falling Due After More Than One Year 8 (85,942 ) (56,447 )
NET ASSETS 211,045 212,650
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 210,945 212,550
SHAREHOLDERS' FUNDS 211,045 212,650
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For the year ending 30 April 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 Joe Hopley
Director
20/11/2024
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
J M Hopley Farms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10106983 . The registered office is Daisy Bank Farm , Thorney Lanes , Newborough , Burton upon Trent , DE13 8RY.
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. 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 2% Straight Line
Plant & Machinery 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. 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.
2.5. 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 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 193,229 641,161 399 834,789
Additions - 183,950 - 183,950
Disposals - (112,950 ) - (112,950 )
As at 30 April 2024 193,229 712,161 399 905,789
Depreciation
As at 1 May 2023 15,991 363,688 269 379,948
Provided during the period 3,865 83,033 26 86,924
Disposals - (66,686 ) - (66,686 )
As at 30 April 2024 19,856 380,035 295 400,186
Net Book Value
As at 30 April 2024 173,373 332,126 104 505,603
As at 1 May 2023 177,238 277,473 130 454,841
5. Stocks
2024 2023
£ £
Stock 371,705 407,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 33,706
Prepayments and accrued income 2,802 3,023
Other debtors 10,224 -
VAT 1,524 6,906
14,550 43,635
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,312 38,292
Trade creditors 1,751 13,214
Bank loans and overdrafts 6,757 28,354
Accruals and deferred income 13,049 11,483
Directors' loan accounts 547,784 545,044
610,653 636,387
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 71,865 33,165
Bank loans 14,077 23,282
85,942 56,447
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 41,312 38,292
Later than one year and not later than five years 71,865 33,165
113,177 71,457
113,177 71,457
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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