Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 01002159 Mrs Margaret Scholey Mr Charles Scholey Mr William Scholey Mr Anthony Massarella iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01002159 2023-10-31 01002159 2024-10-31 01002159 2023-11-01 2024-10-31 01002159 frs-core:CurrentFinancialInstruments 2024-10-31 01002159 frs-core:Non-currentFinancialInstruments 2024-10-31 01002159 frs-core:ComputerEquipment 2024-10-31 01002159 frs-core:ComputerEquipment 2023-11-01 2024-10-31 01002159 frs-core:ComputerEquipment 2023-10-31 01002159 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-31 01002159 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-01 2024-10-31 01002159 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 01002159 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 01002159 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01002159 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 01002159 frs-core:MotorVehicles 2024-10-31 01002159 frs-core:MotorVehicles 2023-11-01 2024-10-31 01002159 frs-core:MotorVehicles 2023-10-31 01002159 frs-core:PlantMachinery 2024-10-31 01002159 frs-core:PlantMachinery 2023-11-01 2024-10-31 01002159 frs-core:PlantMachinery 2023-10-31 01002159 frs-core:RevaluationReserve 2023-10-31 01002159 frs-core:RevaluationReserve 2024-10-31 01002159 frs-core:SharePremium 2024-10-31 01002159 frs-core:ShareCapital 2024-10-31 01002159 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 01002159 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01002159 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 01002159 frs-bus:SmallEntities 2023-11-01 2024-10-31 01002159 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 01002159 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 01002159 frs-bus:Director1 2023-11-01 2024-10-31 01002159 frs-bus:Director2 2023-11-01 2024-10-31 01002159 frs-bus:Director3 2023-11-01 2024-10-31 01002159 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 01002159 frs-countries:EnglandWales 2023-11-01 2024-10-31 01002159 2022-10-31 01002159 2023-10-31 01002159 2022-11-01 2023-10-31 01002159 frs-core:CurrentFinancialInstruments 2023-10-31 01002159 frs-core:Non-currentFinancialInstruments 2023-10-31 01002159 frs-core:RevaluationReserve 2023-10-31 01002159 frs-core:SharePremium 2023-10-31 01002159 frs-core:ShareCapital 2023-10-31 01002159 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 01002159
Frickley Holdings.Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01002159
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,783,584 8,832,203
8,783,584 8,832,203
CURRENT ASSETS
Stocks 5 553,387 790,291
Debtors 6 639,668 649,574
Investments 7 50 50
Cash at bank and in hand 411,385 348,895
1,604,490 1,788,810
Creditors: Amounts Falling Due Within One Year 8 (456,829 ) (494,372 )
NET CURRENT ASSETS (LIABILITIES) 1,147,661 1,294,438
TOTAL ASSETS LESS CURRENT LIABILITIES 9,931,245 10,126,641
Creditors: Amounts Falling Due After More Than One Year 9 - (248,179 )
NET ASSETS 9,931,245 9,878,462
CAPITAL AND RESERVES
Called up share capital 10 384,572 384,572
Share premium account 2,747,355 2,747,355
Revaluation reserve 11 5,198,635 5,198,635
Profit and Loss Account 1,600,683 1,547,900
SHAREHOLDERS' FUNDS 9,931,245 9,878,462
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.
On behalf of the board
Mr Charles Scholey
Director
28/04/2025
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
Frickley Holdings.Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01002159 . The registered office is Wilstrop Grange Farm Wilstrop, Green Hammerton, York, North Yorkshire, YO26 8HB.
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% on reducing balance
Plant & Machinery 7.5% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment Written off
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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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Page 4
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: 5 (2023: )
5 -
4. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 November 2023 7,807,088 698,903 770,117 3,500
As at 31 October 2024 7,807,088 698,903 770,117 3,500
Depreciation
As at 1 November 2023 201,772 97,825 145,139 2,669
Provided during the period 1,538 - 46,873 208
As at 31 October 2024 203,310 97,825 192,012 2,877
Net Book Value
As at 31 October 2024 7,603,778 601,078 578,105 623
As at 1 November 2023 7,605,316 601,078 624,978 831
Computer Equipment Total
£ £
Cost
As at 1 November 2023 2,276 9,281,884
As at 31 October 2024 2,276 9,281,884
...CONTINUED
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Page 5
Depreciation
As at 1 November 2023 2,276 449,681
Provided during the period - 48,619
As at 31 October 2024 2,276 498,300
Net Book Value
As at 31 October 2024 - 8,783,584
As at 1 November 2023 - 8,832,203
5. Stocks
2024 2023
£ £
Stock valuation 35,239 55,596
Stock - unsold crops 512,520 622,381
Stock - fertiliser & chemicals 5,628 112,314
553,387 790,291
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,252 46,850
Other debtors 6,366 10,674
47,618 57,524
Due after more than one year
Amounts owed by participating interests 592,050 592,050
639,668 649,574
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 50 50
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 (1 )
Other creditors 436,806 493,957
Taxation and social security 20,021 416
456,829 494,372
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 248,179
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 384,572 384,572
11. Reserves
Revaluation Reserve
£
As at 1 November 2023 5,198,635
As at 31 October 2024 5,198,635
Page 6