Acorah Software Products - Accounts Production 14.6.300 false true 27 February 2023 1 March 2022 false 28 February 2023 27 February 2024 27 February 2024 09984314 Mr L Hawkins Mr A Hawkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09984314 2023-02-27 09984314 2024-02-27 09984314 2023-02-28 2024-02-27 09984314 frs-core:CurrentFinancialInstruments 2024-02-27 09984314 frs-core:Non-currentFinancialInstruments 2024-02-27 09984314 frs-core:ComputerEquipment 2024-02-27 09984314 frs-core:ComputerEquipment 2023-02-28 2024-02-27 09984314 frs-core:ComputerEquipment 2023-02-27 09984314 frs-core:FurnitureFittings 2024-02-27 09984314 frs-core:FurnitureFittings 2023-02-28 2024-02-27 09984314 frs-core:FurnitureFittings 2023-02-27 09984314 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-27 09984314 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 2024-02-27 09984314 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-27 09984314 frs-core:MotorVehicles 2024-02-27 09984314 frs-core:MotorVehicles 2023-02-28 2024-02-27 09984314 frs-core:MotorVehicles 2023-02-27 09984314 frs-core:RevaluationReserve 2023-02-27 09984314 frs-core:RevaluationReserve 2024-02-27 09984314 frs-core:ShareCapital 2024-02-27 09984314 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 09984314 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 09984314 frs-bus:FilletedAccounts 2023-02-28 2024-02-27 09984314 frs-bus:SmallEntities 2023-02-28 2024-02-27 09984314 frs-bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-27 09984314 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-27 09984314 frs-bus:Director1 2023-02-28 2024-02-27 09984314 frs-bus:Director2 2023-02-28 2024-02-27 09984314 frs-countries:EnglandWales 2023-02-28 2024-02-27 09984314 2022-02-28 09984314 2023-02-27 09984314 2022-03-01 2023-02-27 09984314 frs-core:CurrentFinancialInstruments 2023-02-27 09984314 frs-core:Non-currentFinancialInstruments 2023-02-27 09984314 frs-core:RevaluationReserve 2023-02-27 09984314 frs-core:ShareCapital 2023-02-27 09984314 frs-core:RetainedEarningsAccumulatedLosses 2023-02-27
Registered number: 09984314
Hawkins Antiques Limited
Unaudited Financial Statements
For The Year Ended 27 February 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr L Hawkins
Mr A Hawkins
Company Number 09984314
Registered Office Unit 15, Palmersvale Business Centre
Palmerston Road
Barry
Vale of Glamorgan
CF63 2XA
Accountants DW Accountancy Services
Chartered Certified Accountants
Tramshed Tech
Unit 3, Goodsheds Lofts
Hood Road
Barry
CF62 5QT
Page 1
Page 2
Balance Sheet
Registered number: 09984314
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 501,239 501,590
501,239 501,590
CURRENT ASSETS
Stocks 5 280,044 269,488
Debtors 6 14,162 25,537
Cash at bank and in hand 5,676 4,452
299,882 299,477
Creditors: Amounts Falling Due Within One Year 7 (13,963 ) (16,372 )
NET CURRENT ASSETS (LIABILITIES) 285,919 283,105
TOTAL ASSETS LESS CURRENT LIABILITIES 787,158 784,695
Creditors: Amounts Falling Due After More Than One Year 8 (678,697 ) (709,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,446 ) (19,765 )
NET ASSETS 80,015 55,763
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 126,562 126,562
Profit and Loss Account (46,548 ) (70,800 )
SHAREHOLDERS' FUNDS 80,015 55,763
Page 2
Page 3
For the year ending 27 February 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 A Hawkins
Director
27/02/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Hawkins Antiques Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09984314 . The registered office is Unit 15, Palmersvale Business Centre, Palmerston Road, Barry, Vale of Glamorgan, CF63 2XA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied, other than where additional disclosure is required to show a true and fair view. The financial statements are prepared under the historical cost convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from the rendering of services is recognised in the period to which it relates.
2.3. 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:
Motor Vehicles 25% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.4. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The 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 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.
Page 4
Page 5
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 28 February 2023 500,000 13,160 3,600 1,645 518,405
As at 27 February 2024 500,000 13,160 3,600 1,645 518,405
Depreciation
As at 28 February 2023 - 13,160 2,688 967 16,815
Provided during the period - - 182 169 351
As at 27 February 2024 - 13,160 2,870 1,136 17,166
Net Book Value
As at 27 February 2024 500,000 - 730 509 501,239
As at 28 February 2023 500,000 - 912 678 501,590
Land and property were revalued at 27 February 2024 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
The revaluation surplus is disclosed within note 10.
If land and property were stated on a historical cost basis, rather than on a fair value basis, the carrying amounts would be £331,251 (2023: £331,251).
5. Stocks
2024 2023
£ £
Stock 280,044 269,488
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,000 12,000
Other debtors 2,162 13,537
14,162 25,537
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 9,763 8,661
Other taxes and social security - 3,436
Other creditors 4,200 4,275
13,963 16,372
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans due after 1 year 71,412 82,040
Other loans - 25,000
Directors loan account 607,285 602,127
678,697 709,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 28 February 2023 126,562
As at 27 February 2024 126,562
Page 6