Acorah Software Products - Accounts Production 16.2.850 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 06721174 Mr Michael Luff Mr Gary Luff Mr Danny Luff Mrs Teresa Luff iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06721174 2023-10-31 06721174 2024-10-31 06721174 2023-11-01 2024-10-31 06721174 frs-core:Non-currentFinancialInstruments 2024-10-31 06721174 frs-core:BetweenOneFiveYears 2024-10-31 06721174 frs-core:FurnitureFittings 2023-11-01 2024-10-31 06721174 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06721174 frs-core:MotorVehicles 2023-11-01 2024-10-31 06721174 frs-core:PlantMachinery 2023-11-01 2024-10-31 06721174 frs-core:WithinOneYear 2024-10-31 06721174 frs-core:SharePremium 2024-10-31 06721174 frs-core:ShareCapital 2024-10-31 06721174 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 06721174 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06721174 frs-bus:AbridgedAccounts 2023-11-01 2024-10-31 06721174 frs-bus:SmallEntities 2023-11-01 2024-10-31 06721174 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 06721174 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06721174 frs-bus:Director1 2023-11-01 2024-10-31 06721174 frs-bus:Director1 2023-10-31 06721174 frs-bus:Director1 2024-10-31 06721174 frs-bus:Director2 2023-11-01 2024-10-31 06721174 frs-bus:Director2 2023-10-31 06721174 frs-bus:Director2 2024-10-31 06721174 frs-bus:Director3 2023-11-01 2024-10-31 06721174 frs-bus:Director3 2023-10-31 06721174 frs-bus:Director3 2024-10-31 06721174 frs-bus:Director4 2023-11-01 2024-10-31 06721174 frs-bus:Director4 2023-10-31 06721174 frs-bus:Director4 2024-10-31 06721174 frs-countries:EnglandWales 2023-11-01 2024-10-31 06721174 2022-10-31 06721174 2023-10-31 06721174 2022-11-01 2023-10-31 06721174 frs-core:Non-currentFinancialInstruments 2023-10-31 06721174 frs-core:BetweenOneFiveYears 2023-10-31 06721174 frs-core:WithinOneYear 2023-10-31 06721174 frs-core:SharePremium 2023-10-31 06721174 frs-core:ShareCapital 2023-10-31 06721174 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 06721174
Horndean Services Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 06721174
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 708,107 687,938
708,107 687,938
CURRENT ASSETS
Stocks 83,661 62,311
Debtors 242,660 114,693
Cash at bank and in hand 176,428 176,871
502,749 353,875
Creditors: Amounts Falling Due Within One Year (251,441 ) (190,571 )
NET CURRENT ASSETS (LIABILITIES) 251,308 163,304
TOTAL ASSETS LESS CURRENT LIABILITIES 959,415 851,242
Creditors: Amounts Falling Due After More Than One Year (430,882 ) (434,926 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,157 ) (4,026 )
NET ASSETS 526,376 412,290
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 59,301 59,301
Profit and Loss Account 466,975 352,889
SHAREHOLDERS' FUNDS 526,376 412,290
Page 1
Page 2
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Teresa Luff
Director
16/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Horndean Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06721174 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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 represents net invoiced sales of motor services, repairs, MOT tests and second hand motor vehicles, excluding value added tax and trade discounts.
2.4. 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 10% straight line and 2% straight line
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2.6. Stocks and Work in Progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.
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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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  13 (2023: 8)
13 8
4. Tangible Assets
Total
£
Cost
As at 1 November 2023 896,210
Additions 72,667
Disposals (19,100 )
As at 31 October 2024 949,777
Depreciation
As at 1 November 2023 208,272
Provided during the period 38,707
Disposals (5,309 )
As at 31 October 2024 241,670
...CONTINUED
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Net Book Value
As at 31 October 2024 708,107
As at 1 November 2023 687,938
Included in cost of land and buildings is freehold land of £388,240 (2023 - £388,240) which is not depreciated.
5. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the Company's land and buildings.
2024 2023
£ £
Bank loans and overdrafts 391,623 410,007
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,119 10,703
Later than one year and not later than five years 47,353 21,636
63,472 32,339
63,472 32,339
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Michael Luff 14,791 86,643 48,825 - 52,609
Mr Gary Luff 14,642 82,905 48,825 - 48,722
Mr Danny Luff 14,170 83,008 48,825 - 48,353
Mrs Teresa Luff 14,173 29,224 23,160 - 20,237
The above loan is unsecured and repayable on demand. Interest is charged at the applicable beneficial loan interest rate for the tax year.
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