Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC473945 Catrine Halls Neil Halls iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC473945 2023-03-31 SC473945 2024-03-31 SC473945 2023-04-01 2024-03-31 SC473945 frs-core:CurrentFinancialInstruments 2024-03-31 SC473945 frs-core:Non-currentFinancialInstruments 2024-03-31 SC473945 frs-core:FurnitureFittings 2024-03-31 SC473945 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC473945 frs-core:FurnitureFittings 2023-03-31 SC473945 frs-core:NetGoodwill 2024-03-31 SC473945 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC473945 frs-core:NetGoodwill 2023-03-31 SC473945 frs-core:MotorVehicles 2024-03-31 SC473945 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC473945 frs-core:MotorVehicles 2023-03-31 SC473945 frs-core:ShareCapital 2024-03-31 SC473945 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC473945 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC473945 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC473945 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC473945 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC473945 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC473945 frs-bus:Director1 2023-04-01 2024-03-31 SC473945 frs-bus:Director2 2023-04-01 2024-03-31 SC473945 frs-countries:Scotland 2023-04-01 2024-03-31 SC473945 2022-03-31 SC473945 2023-03-31 SC473945 2022-04-01 2023-03-31 SC473945 frs-core:CurrentFinancialInstruments 2023-03-31 SC473945 frs-core:Non-currentFinancialInstruments 2023-03-31 SC473945 frs-core:ShareCapital 2023-03-31 SC473945 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC473945
Hopeman Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
14 Newton Place
Gallone And Co.
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC473945
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,937 7,637
Tangible Assets 5 74,838 98,289
78,775 105,926
CURRENT ASSETS
Stocks 6 2,500 3,000
Cash at bank and in hand 34,692 46,211
37,192 49,211
Creditors: Amounts Falling Due Within One Year 7 (71,268 ) (94,732 )
NET CURRENT ASSETS (LIABILITIES) (34,076 ) (45,521 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,699 60,405
Creditors: Amounts Falling Due After More Than One Year 8 (23,570 ) (42,271 )
NET ASSETS 21,129 18,134
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 21,128 18,133
SHAREHOLDERS' FUNDS 21,129 18,134
Page 1
Page 2
For the year ending 31 March 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 Income Statement.
On behalf of the board
Neil Halls
Director
17/03/2025
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
Hopeman Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC473945 . The registered office is C/o Gallone And Co., 14 Newton Place, Glasgow, G3 7PY.
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 and net of value added taxe. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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.
2.4. 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 income statement over its estimated economic life of 10 years.
2.5. 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 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.6. Stocks and Work in Progress
Stocks 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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: 8 (2023: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 37,238
As at 31 March 2024 37,238
Amortisation
As at 1 April 2023 29,601
Provided during the period 3,700
As at 31 March 2024 33,301
Net Book Value
As at 31 March 2024 3,937
As at 1 April 2023 7,637
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 41,561 181,972 223,533
Additions - 1,495 1,495
As at 31 March 2024 41,561 183,467 225,028
Depreciation
As at 1 April 2023 6,234 119,010 125,244
Provided during the period 8,831 16,115 24,946
As at 31 March 2024 15,065 135,125 150,190
Net Book Value
As at 31 March 2024 26,496 48,342 74,838
As at 1 April 2023 35,327 62,962 98,289
The property has been pledged as security against borrowings.
Page 4
Page 5
6. Stocks
2024 2023
£ £
Materials 2,500 3,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,183 54,557
Bank loans and overdrafts 9,000 9,000
Corporation tax 7,492 13,646
Other taxes and social security 1,797 3,429
VAT 20,696 9,174
Accruals and deferred income 2,000 2,000
Directors' loan accounts 100 2,926
71,268 94,732
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,570 42,271
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5