Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08166943 Mrs Margaret Hodgkinson Mr Albert Martin Hodgkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08166943 2023-12-31 08166943 2024-12-31 08166943 2024-01-01 2024-12-31 08166943 frs-core:CurrentFinancialInstruments 2024-12-31 08166943 frs-core:ComputerEquipment 2024-12-31 08166943 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08166943 frs-core:ComputerEquipment 2023-12-31 08166943 frs-core:RevaluationReserve 2024-12-31 08166943 frs-core:ShareCapital 2024-12-31 08166943 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08166943 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08166943 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08166943 frs-bus:SmallEntities 2024-01-01 2024-12-31 08166943 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08166943 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08166943 frs-core:CostValuation 2023-12-31 08166943 frs-core:DisposalsRepaymentsInvestments 2024-12-31 08166943 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 08166943 frs-core:CostValuation 2024-12-31 08166943 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08166943 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 08166943 frs-bus:Director1 2024-01-01 2024-12-31 08166943 frs-bus:Director2 2024-01-01 2024-12-31 08166943 frs-countries:EnglandWales 2024-01-01 2024-12-31 08166943 2022-12-31 08166943 2023-12-31 08166943 2023-01-01 2023-12-31 08166943 frs-core:CurrentFinancialInstruments 2023-12-31 08166943 frs-core:RevaluationReserve 2023-12-31 08166943 frs-core:ShareCapital 2023-12-31 08166943 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08166943
Hodgkinson Associates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Lennards
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08166943
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2 2
Investments 5 - 104,486
2 104,488
CURRENT ASSETS
Cash at bank and in hand 85,012 661
85,012 661
Creditors: Amounts Falling Due Within One Year 6 (61,190 ) (34,458 )
NET CURRENT ASSETS (LIABILITIES) 23,822 (33,797 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,824 70,691
NET ASSETS 23,824 70,691
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve - 42,986
Profit and Loss Account 23,724 27,605
SHAREHOLDERS' FUNDS 23,824 70,691
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For the year ending 31 December 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
Mrs Margaret Hodgkinson
Director
23/01/2025
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
Hodgkinson Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08166943 . The registered office is 31 Great King Street, Macclesfield, Cheshire, SK11 6PL.
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. 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 20% per annum of cost
2.3. 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 1,167
As at 31 December 2024 1,167
Depreciation
As at 1 January 2024 1,165
As at 31 December 2024 1,165
Net Book Value
As at 31 December 2024 2
As at 1 January 2024 2
5. Investments
Other
£
Cost
As at 1 January 2024 104,486
Disposals (119,078 )
Revaluations 14,592
As at 31 December 2024 -
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 104,486
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 10,923 4,645
Accruals and deferred income 502 502
Directors' loan accounts 49,765 29,311
61,190 34,458
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mrs Margaret Hodgkinson 25,245 10,200
Mr Albert Martin Hodgkinson 24,255 9,800
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 49,500 20,000
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