Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 05207494 Mr Edward Lewy Mr Gary Lewy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05207494 2023-04-30 05207494 2024-04-30 05207494 2023-05-01 2024-04-30 05207494 frs-core:CurrentFinancialInstruments 2024-04-30 05207494 frs-core:Non-currentFinancialInstruments 2024-04-30 05207494 frs-core:BetweenOneFiveYears 2024-04-30 05207494 frs-core:ComputerEquipment 2024-04-30 05207494 frs-core:ComputerEquipment 2023-05-01 2024-04-30 05207494 frs-core:ComputerEquipment 2023-04-30 05207494 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 05207494 frs-core:FurnitureFittings 2024-04-30 05207494 frs-core:FurnitureFittings 2023-05-01 2024-04-30 05207494 frs-core:FurnitureFittings 2023-04-30 05207494 frs-core:NetGoodwill 2024-04-30 05207494 frs-core:NetGoodwill 2023-05-01 2024-04-30 05207494 frs-core:NetGoodwill 2023-04-30 05207494 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 05207494 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 05207494 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 05207494 frs-core:MotorVehicles 2024-04-30 05207494 frs-core:MotorVehicles 2023-05-01 2024-04-30 05207494 frs-core:MotorVehicles 2023-04-30 05207494 frs-core:OtherResidualIntangibleAssets 2024-04-30 05207494 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 05207494 frs-core:OtherResidualIntangibleAssets 2023-04-30 05207494 frs-core:WithinOneYear 2024-04-30 05207494 frs-core:ShareCapital 2024-04-30 05207494 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05207494 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05207494 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 05207494 frs-bus:SmallEntities 2023-05-01 2024-04-30 05207494 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05207494 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05207494 frs-bus:Director1 2023-05-01 2024-04-30 05207494 frs-bus:Director2 2023-05-01 2024-04-30 05207494 frs-countries:EnglandWales 2023-05-01 2024-04-30 05207494 2022-04-30 05207494 2023-04-30 05207494 2022-05-01 2023-04-30 05207494 frs-core:CurrentFinancialInstruments 2023-04-30 05207494 frs-core:Non-currentFinancialInstruments 2023-04-30 05207494 frs-core:BetweenOneFiveYears 2023-04-30 05207494 frs-core:WithinOneYear 2023-04-30 05207494 frs-core:ShareCapital 2023-04-30 05207494 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05207494
Hardy Finance Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05207494
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 252,418 295,912
Tangible Assets 5 424,533 366,792
676,951 662,704
CURRENT ASSETS
Stocks 6 788,775 653,831
Debtors 7 640,249 531,062
Cash at bank and in hand 368,947 593,311
1,797,971 1,778,204
Creditors: Amounts Falling Due Within One Year 8 (453,238 ) (388,067 )
NET CURRENT ASSETS (LIABILITIES) 1,344,733 1,390,137
TOTAL ASSETS LESS CURRENT LIABILITIES 2,021,684 2,052,841
Creditors: Amounts Falling Due After More Than One Year 9 (222,802 ) (337,417 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,462 ) (69,372 )
NET ASSETS 1,713,420 1,646,052
CAPITAL AND RESERVES
Called up share capital 201 201
Profit and Loss Account 1,713,219 1,645,851
SHAREHOLDERS' FUNDS 1,713,420 1,646,052
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 Profit and Loss Account.
On behalf of the board
Mr Gary Lewy
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
Hardy Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05207494 . The registered office is 4a Church Street, Market Harborough, Leicestershire, LE16 7AA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Franchise Licence. It is amortised to profit and loss account over its estimated economic life of 15 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold 10% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
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2.6. 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.
2.7. 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.
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 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: 27 (2023: 23)
27 23
Page 4
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 May 2023 236,114 160,000 396,114
As at 30 April 2024 236,114 160,000 396,114
Amortisation
As at 1 May 2023 77,451 22,751 100,202
Provided during the period 32,828 10,666 43,494
As at 30 April 2024 110,279 33,417 143,696
Net Book Value
As at 30 April 2024 125,835 126,583 252,418
As at 1 May 2023 158,663 137,249 295,912
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 181,128 132,585 370,860 9,789 694,362
Additions 13,306 - 125,069 7,158 145,533
As at 30 April 2024 194,434 132,585 495,929 16,947 839,895
Depreciation
As at 1 May 2023 97,957 13,395 206,598 9,620 327,570
Provided during the period 18,821 29,798 37,491 1,682 87,792
As at 30 April 2024 116,778 43,193 244,089 11,302 415,362
Net Book Value
As at 30 April 2024 77,656 89,392 251,840 5,645 424,533
As at 1 May 2023 83,171 119,190 164,262 169 366,792
6. Stocks
2024 2023
£ £
Stock 788,775 653,831
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,452 30,858
Other debtors 599,797 500,204
640,249 531,062
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,391 14,391
Trade creditors 110,073 49,161
Bank loans and overdrafts 50,000 50,000
Other loans 35,535 35,535
Other creditors 71,915 143,202
Taxation and social security 171,324 95,778
453,238 388,067
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 80,749 97,032
Bank loans 54,167 104,167
Other loans 87,886 136,218
222,802 337,417
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,391 14,391
Later than one year and not later than five years 80,749 97,032
95,140 111,423
95,140 111,423
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