Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 01782870 Mr Paul Hambley Mrs Jane Flynn Mrs Jane Flynn true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01782870 2023-02-28 01782870 2024-02-29 01782870 2023-03-01 2024-02-29 01782870 frs-core:CurrentFinancialInstruments 2024-02-29 01782870 frs-core:Non-currentFinancialInstruments 2024-02-29 01782870 frs-core:ComputerEquipment 2024-02-29 01782870 frs-core:ComputerEquipment 2023-03-01 2024-02-29 01782870 frs-core:ComputerEquipment 2023-02-28 01782870 frs-core:FurnitureFittings 2024-02-29 01782870 frs-core:FurnitureFittings 2023-03-01 2024-02-29 01782870 frs-core:FurnitureFittings 2023-02-28 01782870 frs-core:MotorVehicles 2024-02-29 01782870 frs-core:MotorVehicles 2023-03-01 2024-02-29 01782870 frs-core:MotorVehicles 2023-02-28 01782870 frs-core:PlantMachinery 2024-02-29 01782870 frs-core:PlantMachinery 2023-03-01 2024-02-29 01782870 frs-core:PlantMachinery 2023-02-28 01782870 frs-core:ShareCapital 2024-02-29 01782870 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 01782870 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01782870 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 01782870 frs-bus:SmallEntities 2023-03-01 2024-02-29 01782870 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 01782870 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 01782870 1 2023-03-01 2024-02-29 01782870 frs-bus:Director1 2023-03-01 2024-02-29 01782870 frs-bus:Director2 2023-03-01 2024-02-29 01782870 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 01782870 frs-countries:EnglandWales 2023-03-01 2024-02-29 01782870 2022-02-28 01782870 2023-02-28 01782870 2022-03-01 2023-02-28 01782870 frs-core:CurrentFinancialInstruments 2023-02-28 01782870 frs-core:Non-currentFinancialInstruments 2023-02-28 01782870 frs-core:ShareCapital 2023-02-28 01782870 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 01782870
H. J. Hambley Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01782870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,404 69,230
57,404 69,230
CURRENT ASSETS
Stocks 5 11,257 13,376
Debtors 6 455,724 319,583
Cash at bank and in hand 15,816 55,873
482,797 388,832
Creditors: Amounts Falling Due Within One Year 7 (358,176 ) (252,308 )
NET CURRENT ASSETS (LIABILITIES) 124,621 136,524
TOTAL ASSETS LESS CURRENT LIABILITIES 182,025 205,754
Creditors: Amounts Falling Due After More Than One Year 8 (54,276 ) (88,637 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,907 ) (13,154 )
NET ASSETS 116,842 103,963
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 116,742 103,863
SHAREHOLDERS' FUNDS 116,842 103,963
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Page 2
For the year ending 29 February 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 Paul Hambley
Director
26 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
H. J. Hambley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01782870 . The registered office is 2 Huddersfield Road, Stalybridge, Cheshire, SK15 2QA.
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:
Plant & Machinery Reducing Balance - 15%
Motor Vehicles Reducing Balance - 25%
Fixtures & Fittings Reducing Balance - 15%
Computer Equipment Reducing Balance - 15%
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
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 year 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 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.
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: 9 (2023: 9)
9 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 41,063 257,395 80,457 21,172 400,087
Additions - - - 734 734
As at 29 February 2024 41,063 257,395 80,457 21,906 400,821
Depreciation
As at 1 March 2023 31,723 219,520 68,428 11,186 330,857
Provided during the period 1,401 7,771 1,805 1,583 12,560
As at 29 February 2024 33,124 227,291 70,233 12,769 343,417
Net Book Value
As at 29 February 2024 7,939 30,104 10,224 9,137 57,404
As at 1 March 2023 9,340 37,875 12,029 9,986 69,230
5. Stocks
2024 2023
£ £
Finished goods 11,257 13,376
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 183,717 204,739
Prepayments and accrued income 16,162 15,972
Directors' loan accounts 217,647 98,872
417,526 319,583
Due after more than one year
Corporation tax recoverable assets 38,198 -
455,724 319,583
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 193,028 149,672
Bank loans and overdrafts 34,361 27,273
Corporation tax 99,354 40,187
Other taxes and social security 3,479 2,843
VAT 26,748 30,297
Net wages - 744
Accruals and deferred income 1,206 1,206
Directors' loan accounts - 86
358,176 252,308
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 54,276 88,637
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors is the following loans to Directors of £217,647 (2022: £98,872). 
The above loan is unsecured, interest free and repayable on demand.
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 98,872 157,742
12. Ultimate Controlling Party
The company is controlled by the Directors by virtue of their ownership of 100% of the issued share capital in the company.
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