Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 06644963 Mr Robert Franklin Mrs Claire Franklin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06644963 2023-11-30 06644963 2024-11-30 06644963 2023-12-01 2024-11-30 06644963 frs-core:CurrentFinancialInstruments 2024-11-30 06644963 frs-core:Non-currentFinancialInstruments 2024-11-30 06644963 frs-core:BetweenOneFiveYears 2024-11-30 06644963 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 06644963 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06644963 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 06644963 frs-core:MotorVehicles 2024-11-30 06644963 frs-core:MotorVehicles 2023-12-01 2024-11-30 06644963 frs-core:MotorVehicles 2023-11-30 06644963 frs-core:PlantMachinery 2024-11-30 06644963 frs-core:PlantMachinery 2023-12-01 2024-11-30 06644963 frs-core:PlantMachinery 2023-11-30 06644963 frs-core:WithinOneYear 2024-11-30 06644963 frs-core:CapitalRedemptionReserve 2024-11-30 06644963 frs-core:ShareCapital 2024-11-30 06644963 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 06644963 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06644963 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 06644963 frs-bus:SmallEntities 2023-12-01 2024-11-30 06644963 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 06644963 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 06644963 frs-bus:Director1 2023-12-01 2024-11-30 06644963 frs-bus:Director2 2023-12-01 2024-11-30 06644963 frs-core:CurrentFinancialInstruments 2 2024-11-30 06644963 frs-core:CurrentFinancialInstruments 3 2024-11-30 06644963 frs-countries:EnglandWales 2023-12-01 2024-11-30 06644963 2022-11-30 06644963 2023-11-30 06644963 2022-12-01 2023-11-30 06644963 frs-core:CurrentFinancialInstruments 2023-11-30 06644963 frs-core:Non-currentFinancialInstruments 2023-11-30 06644963 frs-core:BetweenOneFiveYears 2023-11-30 06644963 frs-core:WithinOneYear 2023-11-30 06644963 frs-core:CapitalRedemptionReserve 2023-11-30 06644963 frs-core:ShareCapital 2023-11-30 06644963 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 06644963 frs-core:CurrentFinancialInstruments 2 2023-11-30 06644963 frs-core:CurrentFinancialInstruments 3 2023-11-30
Registered number: 06644963
H F Refrigeration Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06644963
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 329,481 308,996
329,481 308,996
CURRENT ASSETS
Stocks 5 20,000 84,680
Debtors 6 495,681 454,498
Cash at bank and in hand 311,905 210,796
827,586 749,974
Creditors: Amounts Falling Due Within One Year 7 (393,716 ) (362,455 )
NET CURRENT ASSETS (LIABILITIES) 433,870 387,519
TOTAL ASSETS LESS CURRENT LIABILITIES 763,351 696,515
Creditors: Amounts Falling Due After More Than One Year 8 (124,429 ) (171,471 )
NET ASSETS 638,922 525,044
CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 50 50
Profit and Loss Account 638,822 524,944
SHAREHOLDERS' FUNDS 638,922 525,044
Page 1
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For the year ending 30 November 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 Robert Franklin
Director
27 February 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
H F Refrigeration Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06644963 . The registered office is 250 King Edward Street, Grimsby, DN31 3JX.
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. 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:
Freehold 2% straight line
Plant & Machinery 33.33% straight line
Motor Vehicles 25% straight line
2.4. 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.
2.5. 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.
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2.6. 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 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: 9 (2023: 11)
9 11
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 December 2023 192,486 53,712 248,909 495,107
Additions - 3,562 140,249 143,811
Disposals - - (53,079 ) (53,079 )
As at 30 November 2024 192,486 57,274 336,079 585,839
Depreciation
As at 1 December 2023 14,143 41,677 130,291 186,111
Provided during the period 3,410 7,131 70,388 80,929
Disposals - - (10,682 ) (10,682 )
As at 30 November 2024 17,553 48,808 189,997 256,358
Net Book Value
As at 30 November 2024 174,933 8,466 146,082 329,481
As at 1 December 2023 178,343 12,035 118,618 308,996
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5. Stocks
2024 2023
£ £
Materials 20,000 30,000
Work in progress - 54,680
20,000 84,680
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 492,216 447,870
Prepayments and accrued income 3,465 6,628
495,681 454,498
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,881 26,803
Trade creditors 51,685 277,618
Bank loans and overdrafts 7,000 7,000
Corporation tax 62,668 8,517
Other taxes and social security 9,523 11,141
VAT 51,859 23,412
Other creditors 7,232 4,938
Pensions 1,081 -
CIS tax payable 446 -
Accruals and deferred income 179,780 2,050
Directors' loan accounts 561 976
393,716 362,455
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,257 85,080
Bank loans 79,172 86,391
124,429 171,471
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,881 26,803
Later than one year and not later than five years 45,257 85,080
67,138 111,883
67,138 111,883
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
Page 6