Acorah Software Products - Accounts Production 16.2.800 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04899166 I S Holliman S L Gostling K Holliman C Gostling K Holliman true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04899166 2023-10-31 04899166 2024-10-31 04899166 2023-11-01 2024-10-31 04899166 frs-core:CurrentFinancialInstruments 2024-10-31 04899166 frs-core:Non-currentFinancialInstruments 2024-10-31 04899166 frs-core:BetweenOneFiveYears 2024-10-31 04899166 frs-core:ComputerEquipment 2024-10-31 04899166 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04899166 frs-core:ComputerEquipment 2023-10-31 04899166 frs-core:FurnitureFittings 2024-10-31 04899166 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04899166 frs-core:FurnitureFittings 2023-10-31 04899166 frs-core:MotorVehicles 2024-10-31 04899166 frs-core:MotorVehicles 2023-11-01 2024-10-31 04899166 frs-core:MotorVehicles 2023-10-31 04899166 frs-core:PlantMachinery 2024-10-31 04899166 frs-core:PlantMachinery 2023-11-01 2024-10-31 04899166 frs-core:PlantMachinery 2023-10-31 04899166 frs-core:WithinOneYear 2024-10-31 04899166 frs-core:ShareCapital 2024-10-31 04899166 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04899166 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04899166 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04899166 frs-bus:SmallEntities 2023-11-01 2024-10-31 04899166 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04899166 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04899166 1 2023-11-01 2024-10-31 04899166 frs-bus:Director1 2023-11-01 2024-10-31 04899166 frs-bus:Director2 2023-11-01 2024-10-31 04899166 frs-bus:Director3 2023-11-01 2024-10-31 04899166 frs-bus:Director4 2023-11-01 2024-10-31 04899166 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04899166 frs-countries:EnglandWales 2023-11-01 2024-10-31 04899166 2022-10-31 04899166 2023-10-31 04899166 2022-11-01 2023-10-31 04899166 frs-core:CurrentFinancialInstruments 2023-10-31 04899166 frs-core:Non-currentFinancialInstruments 2023-10-31 04899166 frs-core:BetweenOneFiveYears 2023-10-31 04899166 frs-core:WithinOneYear 2023-10-31 04899166 frs-core:ShareCapital 2023-10-31 04899166 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Hollmark Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
SS9 1JL
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 October 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28/03/2025
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
SS9 1JL
Page 1
Page 2
Balance Sheet
Registered number: 04899166
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,819 112,438
81,819 112,438
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 384,598 1,098,278
Cash at bank and in hand 518,254 101,503
907,852 1,204,781
Creditors: Amounts Falling Due Within One Year 7 (323,928 ) (580,955 )
NET CURRENT ASSETS (LIABILITIES) 583,924 623,826
TOTAL ASSETS LESS CURRENT LIABILITIES 665,743 736,264
Creditors: Amounts Falling Due After More Than One Year 8 (4,007 ) (20,638 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,226 ) (21,264 )
NET ASSETS 641,510 694,362
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 641,310 694,162
SHAREHOLDERS' FUNDS 641,510 694,362
Page 2
Page 3
For the year ending 31 October 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
I S Holliman
Director
28/03/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Hollmark Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04899166 . The registered office is Unit 2 Falcon Park, Luckyn Lane, Basildon, Essex, SS14 3AL.
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
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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.
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: 22 (2023: 31)
22 31
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 4,743 184,156 3,918 26,975 219,792
Additions 612 - 550 1,495 2,657
Disposals - (25,596 ) - - (25,596 )
As at 31 October 2024 5,355 158,560 4,468 28,470 196,853
...CONTINUED
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Depreciation
As at 1 November 2023 2,196 89,255 2,406 13,497 107,354
Provided during the period 790 22,135 493 3,498 26,916
Disposals - (19,236 ) - - (19,236 )
As at 31 October 2024 2,986 92,154 2,899 16,995 115,034
Net Book Value
As at 31 October 2024 2,369 66,406 1,569 11,475 81,819
As at 1 November 2023 2,547 94,901 1,512 13,478 112,438
5. Stocks
2024 2023
£ £
Stock 5,000 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 282,815 969,885
Amounts recoverable on contracts 52,542 80,799
Prepayments and accrued income 37,594 28,545
Other debtors 11,647 370
Directors' loan accounts - 18,679
384,598 1,098,278
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,371 4,371
Trade creditors 77,105 151,045
Bank loans and overdrafts - 36,000
Corporation tax 52,190 94,844
Other taxes and social security 25,728 51,972
VAT 99,848 136,733
Other creditors 8,898 11,039
Accruals and deferred income 54,060 94,951
Directors' loan accounts 1,728 -
323,928 580,955
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,007 8,379
Bank loans - 12,259
4,007 20,638
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,371 4,371
Later than one year and not later than five years 4,007 8,379
8,378 12,750
8,378 12,750
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 182,000 175,066
12. Ultimate Controlling Party
The company is controlled by the directors
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