Acorah Software Products - Accounts Production 16.1.200 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 NI036449 Mr Diarmaid McLaughlin Mrs Gabrielle McLaughlin Mr Kienan McLaughlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI036449 2023-11-30 NI036449 2024-11-30 NI036449 2023-12-01 2024-11-30 NI036449 frs-core:CurrentFinancialInstruments 2024-11-30 NI036449 frs-core:Non-currentFinancialInstruments 2024-11-30 NI036449 frs-core:FurnitureFittings 2024-11-30 NI036449 frs-core:FurnitureFittings 2023-12-01 2024-11-30 NI036449 frs-core:FurnitureFittings 2023-11-30 NI036449 frs-core:NetGoodwill 2024-11-30 NI036449 frs-core:NetGoodwill 2023-12-01 2024-11-30 NI036449 frs-core:NetGoodwill 2023-11-30 NI036449 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 NI036449 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 NI036449 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 NI036449 frs-core:PlantMachinery 2024-11-30 NI036449 frs-core:PlantMachinery 2023-12-01 2024-11-30 NI036449 frs-core:PlantMachinery 2023-11-30 NI036449 frs-core:WithinOneYear 2024-11-30 NI036449 frs-core:ShareCapital 2024-11-30 NI036449 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 NI036449 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI036449 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 NI036449 frs-bus:SmallEntities 2023-12-01 2024-11-30 NI036449 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 NI036449 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI036449 frs-bus:Director1 2023-12-01 2024-11-30 NI036449 frs-bus:Director2 2023-12-01 2024-11-30 NI036449 frs-bus:Director3 2023-12-01 2024-11-30 NI036449 frs-countries:NorthernIreland 2023-12-01 2024-11-30 NI036449 2022-11-30 NI036449 2023-11-30 NI036449 2022-12-01 2023-11-30 NI036449 frs-core:CurrentFinancialInstruments 2023-11-30 NI036449 frs-core:Non-currentFinancialInstruments 2023-11-30 NI036449 frs-core:BetweenOneFiveYears 2023-11-30 NI036449 frs-core:WithinOneYear 2023-11-30 NI036449 frs-core:ShareCapital 2023-11-30 NI036449 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: NI036449
Season Harvest (Ni) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI036449
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,000
Tangible Assets 5 390,969 408,788
390,969 413,788
CURRENT ASSETS
Stocks 6 81,016 81,875
Debtors 7 721,080 695,918
Cash at bank and in hand 51,506 36,818
853,602 814,611
Creditors: Amounts Falling Due Within One Year 8 (847,737 ) (872,391 )
NET CURRENT ASSETS (LIABILITIES) 5,865 (57,780 )
TOTAL ASSETS LESS CURRENT LIABILITIES 396,834 356,008
Creditors: Amounts Falling Due After More Than One Year 9 (6,402 ) (18,823 )
NET ASSETS 390,432 337,185
CAPITAL AND RESERVES
Called up share capital 164 164
Profit and Loss Account 390,268 337,021
SHAREHOLDERS' FUNDS 390,432 337,185
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For the year ending 30 November 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 Kienan McLaughlin
Director
23/12/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Season Harvest (Ni) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI036449 . The registered office is 613 Baranailt Road , Claudy , County Londonderry, BT47 4EA.
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 considerastion received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of 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. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. (20% straight line)
2.4. 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:
Freehold 2% Straight Line
Plant & Machinery 25% Straight Line
Fixtures & Fittings 20% Straight Line
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. 
Assets held under finance leases and hire purchases contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. 
2.6. Stocks and Work in Progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. 
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2.8. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 60 (2023: 54)
60 54
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 246,033
As at 30 November 2024 246,033
Amortisation
As at 1 December 2023 241,033
Provided during the period 5,000
As at 30 November 2024 246,033
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 5,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 514,608 240,260 116,311 871,179
As at 30 November 2024 514,608 240,260 116,311 871,179
...CONTINUED
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Depreciation
As at 1 December 2023 122,659 238,437 101,295 462,391
Provided during the period 10,292 1,002 6,525 17,819
As at 30 November 2024 132,951 239,439 107,820 480,210
Net Book Value
As at 30 November 2024 381,657 821 8,491 390,969
As at 1 December 2023 391,949 1,823 15,016 408,788
6. Stocks
2024 2023
£ £
Stock 81,016 81,875
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 688,157 607,314
Other debtors 32,923 88,604
721,080 695,918
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,875 8,845
Trade creditors 663,046 631,118
Bank loans and overdrafts 10,036 9,525
Other creditors 88,155 157,189
Taxation and social security 84,625 65,714
847,737 872,391
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,875
Bank loans 6,402 16,948
6,402 18,823
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,875 8,845
Later than one year and not later than five years - 1,875
1,875 10,720
1,875 10,720
11. Related Party Transactions
Incldued in other debtors are amounts owed from a related party totalling £20,000 (2023 - £8,333)
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