Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04070094 Mr Ashley Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04070094 2023-09-30 04070094 2024-09-30 04070094 2023-10-01 2024-09-30 04070094 frs-core:Non-currentFinancialInstruments 2024-09-30 04070094 frs-core:BetweenOneFiveYears 2024-09-30 04070094 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04070094 frs-core:NetGoodwill 2023-10-01 2024-09-30 04070094 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 04070094 frs-core:MotorVehicles 2023-10-01 2024-09-30 04070094 frs-core:PlantMachinery 2023-10-01 2024-09-30 04070094 frs-core:WithinOneYear 2024-09-30 04070094 frs-core:ShareCapital 2024-09-30 04070094 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04070094 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04070094 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 04070094 frs-bus:SmallEntities 2023-10-01 2024-09-30 04070094 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04070094 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04070094 frs-bus:Director1 2023-10-01 2024-09-30 04070094 frs-countries:EnglandWales 2023-10-01 2024-09-30 04070094 2022-09-30 04070094 2023-09-30 04070094 2022-10-01 2023-09-30 04070094 frs-core:Non-currentFinancialInstruments 2023-09-30 04070094 frs-core:BetweenOneFiveYears 2023-09-30 04070094 frs-core:WithinOneYear 2023-09-30 04070094 frs-core:ShareCapital 2023-09-30 04070094 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04070094
T. G. Hughes & Son Limited
ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Nicholson Tax & Accounts
8 Chapel Street
Belper
DE56 1AR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04070094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 31,545 37,785
31,546 37,786
CURRENT ASSETS
Stocks 2,147 2,045
Debtors 33,399 25,538
Cash at bank and in hand 211,461 185,205
247,007 212,788
Creditors: Amounts Falling Due Within One Year (50,192 ) (47,683 )
NET CURRENT ASSETS (LIABILITIES) 196,815 165,105
TOTAL ASSETS LESS CURRENT LIABILITIES 228,361 202,891
Creditors: Amounts Falling Due After More Than One Year (5,732 ) (10,908 )
NET ASSETS 222,629 191,983
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 222,529 191,883
SHAREHOLDERS' FUNDS 222,629 191,983
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ashley Hughes
Director
26th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
T. G. Hughes & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04070094 . The registered office is Ashcroft Stables, Willslock, Uttoxeter, Staffordshire, ST14 8QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. 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 profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold not depreciated
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
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 items.
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2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Total
£
Cost
As at 1 October 2023 73,100
As at 30 September 2024 73,100
Amortisation
As at 1 October 2023 73,099
As at 30 September 2024 73,099
Net Book Value
As at 30 September 2024 1
As at 1 October 2023 1
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5. Tangible Assets
Total
£
Cost
As at 1 October 2023 79,700
Additions 2,415
As at 30 September 2024 82,115
Depreciation
As at 1 October 2023 41,915
Provided during the period 8,655
As at 30 September 2024 50,570
Net Book Value
As at 30 September 2024 31,545
As at 1 October 2023 37,785
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,748 3,748
Later than one year and not later than five years 4,987 8,735
8,735 12,483
Less: Finance charges allocated to future periods 1,325 1,893
7,410 10,590
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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