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 06566662 E J Holder N Combes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06566662 2023-04-30 06566662 2024-04-30 06566662 2023-05-01 2024-04-30 06566662 frs-core:CurrentFinancialInstruments 2024-04-30 06566662 frs-core:Non-currentFinancialInstruments 2024-04-30 06566662 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06566662 frs-core:PlantMachinery 2024-04-30 06566662 frs-core:PlantMachinery 2023-05-01 2024-04-30 06566662 frs-core:PlantMachinery 2023-04-30 06566662 frs-core:ShareCapital 2024-04-30 06566662 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06566662 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06566662 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06566662 frs-bus:SmallEntities 2023-05-01 2024-04-30 06566662 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06566662 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06566662 frs-core:CostValuation 2023-04-30 06566662 frs-core:DisposalsRepaymentsInvestments 2024-04-30 06566662 frs-core:CostValuation 2024-04-30 06566662 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 06566662 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 06566662 frs-bus:Director1 2023-05-01 2024-04-30 06566662 frs-bus:Director1 2023-04-30 06566662 frs-bus:Director1 2024-04-30 06566662 frs-bus:Director2 2023-05-01 2024-04-30 06566662 frs-bus:Director2 2023-04-30 06566662 frs-bus:Director2 2024-04-30 06566662 frs-countries:EnglandWales 2023-05-01 2024-04-30 06566662 2022-04-30 06566662 2023-04-30 06566662 2022-05-01 2023-04-30 06566662 frs-core:CurrentFinancialInstruments 2023-04-30 06566662 frs-core:Non-currentFinancialInstruments 2023-04-30 06566662 frs-core:ShareCapital 2023-04-30 06566662 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06566662
Holder & Combes Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06566662
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,863 2,088
Investments 5 50 90
8,913 2,178
CURRENT ASSETS
Debtors 6 20,817 63,143
Investments 7 1,003,089 862,875
Cash at bank and in hand 159,265 347,695
1,183,171 1,273,713
Creditors: Amounts Falling Due Within One Year 8 (258,657 ) (175,344 )
NET CURRENT ASSETS (LIABILITIES) 924,514 1,098,369
TOTAL ASSETS LESS CURRENT LIABILITIES 933,427 1,100,547
Creditors: Amounts Falling Due After More Than One Year 9 - (21,585 )
NET ASSETS 933,427 1,078,962
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Income Statement 932,427 1,077,962
SHAREHOLDERS' FUNDS 933,427 1,078,962
Page 1
Page 2
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 Income Statement.
On behalf of the board
N Combes
Director
31 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Holder & Combes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06566662 . The registered office is 20 Little Britain St Pauls, London, EC1A 7DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
2.2. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In preparing these financial statements the directors have made the following judgements:
- Determined whether there are indicators of impairment of the company's tangible assets and investments. Factors taken into consideration in reaching such a decision include the financial viability and expected future financial performance of the asset.
- Determined that the accounting policies in place in respect of turnover recognition and measurement are reasonable.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is recognised the the extent that is it probable the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts and rebates.
Turnover is recognised in the period in which the services are provided or asset performance can be measured, when all of the following conditions are satisfied:
- the amount of the turnover can be reliably measured;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be reliably measured.
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:
Computer Equipment straight line over 3 years
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 to income statement as incurred.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts andthere is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
...CONTINUED
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Page 4
2.6. Financial Instruments - continued
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.9. Investments
Current asset investments in shares and similar assets are included at fair value, with changes recognised in profit or loss.
Fixed asset investments in assiociated entities are recognised at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 28,797
Additions 9,765
As at 30 April 2024 38,562
Depreciation
As at 1 May 2023 26,709
Provided during the period 2,990
As at 30 April 2024 29,699
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 April 2024 8,863
As at 1 May 2023 2,088
5. Investments
Associates
£
Cost
As at 1 May 2023 90
Disposals (40 )
As at 30 April 2024 50
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 50
As at 1 May 2023 90
The company's investments in the share capital of associated entities relates solely to the following:
Holder & Combes Accounting Ltd
Country of incorporation: England & Wales
Registered office: 117 Farringdon Road, London, EC1R 3BX
Nature of business: Accounting, tax and advisory services
Ownership: 50% of the issued share capital
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 20,817 63,143
7. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 1,003,089 862,875
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 10,014
Other creditors 76,336 38,356
Taxation and social security 182,321 126,974
258,657 175,344
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Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 21,585
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Edward Holder 32,208 348,026 (314,193 ) - (1,626 )
Mr Nicholas Combes 3,877 323,000 (314,018 ) - (5,105 )
Director loans are repayable on demand and interest is charged at the HMRC official rate for beneficial loan arrangements.
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