Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 December 2022 false 1 January 2024 31 December 2024 31 December 2024 11670388 Mr James Hunt Mr Alexander Durden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11670388 2023-12-31 11670388 2024-12-31 11670388 2024-01-01 2024-12-31 11670388 frs-core:CurrentFinancialInstruments 2024-12-31 11670388 frs-core:Non-currentFinancialInstruments 2024-12-31 11670388 frs-core:BetweenOneFiveYears 2024-12-31 11670388 frs-core:ComputerEquipment 2024-12-31 11670388 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11670388 frs-core:ComputerEquipment 2023-12-31 11670388 frs-core:FurnitureFittings 2024-12-31 11670388 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11670388 frs-core:FurnitureFittings 2023-12-31 11670388 frs-core:MoreThanFiveYears 2024-12-31 11670388 frs-core:WithinOneYear 2024-12-31 11670388 frs-core:ShareCapital 2024-12-31 11670388 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11670388 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11670388 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11670388 frs-bus:SmallEntities 2024-01-01 2024-12-31 11670388 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11670388 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11670388 frs-bus:Director1 2024-01-01 2024-12-31 11670388 frs-bus:Director2 2024-01-01 2024-12-31 11670388 frs-countries:EnglandWales 2024-01-01 2024-12-31 11670388 2022-11-30 11670388 2023-12-31 11670388 2022-12-01 2023-12-31 11670388 frs-core:CurrentFinancialInstruments 2023-12-31 11670388 frs-core:Non-currentFinancialInstruments 2023-12-31 11670388 frs-core:BetweenOneFiveYears 2023-12-31 11670388 frs-core:MoreThanFiveYears 2023-12-31 11670388 frs-core:WithinOneYear 2023-12-31 11670388 frs-core:ShareCapital 2023-12-31 11670388 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11670388
Durden and Hunt Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11670388
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,259 7,836
54,259 7,836
CURRENT ASSETS
Debtors 5 73,895 69,582
Cash at bank and in hand 505,374 269,872
579,269 339,454
Creditors: Amounts Falling Due Within One Year 6 (338,198 ) (202,307 )
NET CURRENT ASSETS (LIABILITIES) 241,071 137,147
TOTAL ASSETS LESS CURRENT LIABILITIES 295,330 144,983
Creditors: Amounts Falling Due After More Than One Year 7 (3,743 ) (12,580 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,400 ) (2,077 )
NET ASSETS 277,187 130,326
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 277,087 130,226
SHAREHOLDERS' FUNDS 277,187 130,326
Page 1
Page 2
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
Mr James Hunt
Director
Mr Alexander Durden
Director
20/02/2025
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
Durden and Hunt Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11670388 . The registered office is 309 High Road, Loughton , IG10 1AL.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 estate agency services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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:
Fixtures & Fittings 3 Years straight line
Computer Equipment 3 Years straight line
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 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: 19 (2023: 18)
19 18
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 15,386 21,858 37,244
Additions 71,506 7,959 79,465
As at 31 December 2024 86,892 29,817 116,709
Depreciation
As at 1 January 2024 11,232 18,176 29,408
Provided during the period 26,707 6,335 33,042
As at 31 December 2024 37,939 24,511 62,450
Net Book Value
As at 31 December 2024 48,953 5,306 54,259
As at 1 January 2024 4,154 3,682 7,836
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 19,704 20,550
Other debtors 54,191 49,032
73,895 69,582
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 43,436 38,530
Bank loans and overdrafts 8,837 8,619
Other creditors 48,766 66,536
Taxation and social security 237,159 88,622
338,198 202,307
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 3,743 12,580
Page 4
Page 5
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2024 31 December 2023
£ £
Not later than one year 149,091 91,976
Later than one year and not later than five years 584,686 330,232
Later than five years 641,857 292,000
1,375,634 714,208
Page 5