Acorah Software Products - Accounts Production 16.3.350 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12742981 Dr Wayne Hirschowitz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12742981 2023-07-31 12742981 2024-07-31 12742981 2023-08-01 2024-07-31 12742981 frs-core:CurrentFinancialInstruments 2024-07-31 12742981 frs-core:Non-currentFinancialInstruments 2024-07-31 12742981 frs-core:BetweenOneFiveYears 2024-07-31 12742981 frs-core:ComputerEquipment 2024-07-31 12742981 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12742981 frs-core:ComputerEquipment 2023-07-31 12742981 frs-core:FurnitureFittings 2024-07-31 12742981 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12742981 frs-core:FurnitureFittings 2023-07-31 12742981 frs-core:NetGoodwill 2024-07-31 12742981 frs-core:NetGoodwill 2023-08-01 2024-07-31 12742981 frs-core:NetGoodwill 2023-07-31 12742981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 12742981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12742981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 12742981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 12742981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12742981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 12742981 frs-core:PlantMachinery 2024-07-31 12742981 frs-core:PlantMachinery 2023-08-01 2024-07-31 12742981 frs-core:PlantMachinery 2023-07-31 12742981 frs-core:WithinOneYear 2024-07-31 12742981 frs-core:ShareCapital 2024-07-31 12742981 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12742981 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12742981 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12742981 frs-bus:SmallEntities 2023-08-01 2024-07-31 12742981 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12742981 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12742981 frs-bus:Director1 2023-08-01 2024-07-31 12742981 frs-bus:Director1 2023-07-31 12742981 frs-bus:Director1 2024-07-31 12742981 frs-core:CurrentFinancialInstruments 1 2024-07-31 12742981 frs-core:CurrentFinancialInstruments 2 2024-07-31 12742981 frs-countries:EnglandWales 2023-08-01 2024-07-31 12742981 2022-07-31 12742981 2023-07-31 12742981 2022-08-01 2023-07-31 12742981 frs-core:CurrentFinancialInstruments 2023-07-31 12742981 frs-core:Non-currentFinancialInstruments 2023-07-31 12742981 frs-core:BetweenOneFiveYears 2023-07-31 12742981 frs-core:MoreThanFiveYears 2023-07-31 12742981 frs-core:WithinOneYear 2023-07-31 12742981 frs-core:ShareCapital 2023-07-31 12742981 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12742981 frs-core:CurrentFinancialInstruments 1 2023-07-31 12742981 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: 12742981
Broadfields Holdings Ltd
Financial Statements
For The Year Ended 31 July 2024
Samera Ltd
Chartered Accountants
136 High Street
Esher
Surrey
KT10 9QJ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 12742981
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 120,000 140,000
Tangible Assets 5 1,235,814 1,266,909
1,355,814 1,406,909
CURRENT ASSETS
Debtors 6 113,008 97,622
Cash at bank and in hand 320,081 113,423
433,089 211,045
Creditors: Amounts Falling Due Within One Year 7 (466,230 ) (345,370 )
NET CURRENT ASSETS (LIABILITIES) (33,141 ) (134,325 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,322,673 1,272,584
Creditors: Amounts Falling Due After More Than One Year 8 (777,083 ) (861,487 )
NET ASSETS 545,590 411,097
CAPITAL AND RESERVES
Called up share capital 10 1 1
Income Statement 545,589 411,096
SHAREHOLDERS' FUNDS 545,590 411,097
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For the year ending 31 July 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 Income Statement.
On behalf of the board
Dr Wayne Hirschowitz
Director
30 April 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Broadfields Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12742981 . The registered office is 136-138, High Street, Esher, Surrey, England, KT10 9QJ.
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, 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.
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:
Freehold No depreciation
Leasehold 2% RBM
Plant & Machinery 25% SLM
Fixtures & Fittings 25% SLM
Computer Equipment 25% SLM
2.6. 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 income statement 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 income statement as incurred.
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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 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: 13 (2023: 14)
13 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 200,000
As at 31 July 2024 200,000
Amortisation
As at 1 August 2023 60,000
Provided during the period 20,000
As at 31 July 2024 80,000
Net Book Value
As at 31 July 2024 120,000
As at 1 August 2023 140,000
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 650,000 390,829 288,063 46,736
Additions - 60,775 7,691 285
Disposals - - (2,700 ) -
As at 31 July 2024 650,000 451,604 293,054 47,021
...CONTINUED
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Depreciation
As at 1 August 2023 - 12,490 84,769 25,572
Provided during the period - 8,782 73,321 11,741
Disposals - - (2,441 ) -
As at 31 July 2024 - 21,272 155,649 37,313
Net Book Value
As at 31 July 2024 650,000 430,332 137,405 9,708
As at 1 August 2023 650,000 378,339 203,294 21,164
Computer Equipment Total
£ £
Cost
As at 1 August 2023 24,697 1,400,325
Additions 477 69,228
Disposals - (2,700 )
As at 31 July 2024 25,174 1,466,853
Depreciation
As at 1 August 2023 10,585 133,416
Provided during the period 6,220 100,064
Disposals - (2,441 )
As at 31 July 2024 16,805 231,039
Net Book Value
As at 31 July 2024 8,369 1,235,814
As at 1 August 2023 14,112 1,266,909
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,409 -
Prepayments and accrued income 4,723 2,677
Other debtors- S455 Tax 23,958 23,958
Director's loan account 70,918 70,987
113,008 97,622
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,675 40,762
Trade creditors 122,526 53,544
Bank loans and overdrafts 42,728 40,352
Corporation tax (Current liabilities - creditors < 1 year) 97,627 23,958
Pension payable 1,338 1,245
PAYE/ NIC payable 721 5,781
Other creditors- Credit card 13,057 13,736
Accruals and deferred income 8,600 3,785
Amounts owed to group undertakings 67,999 92,248
Tanyard & Golding Dental Group - Other Creditors 69,959 69,959
466,230 345,370
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 116,229 125,792
Bank Loans > 1year 660,854 735,695
777,083 861,487
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 41,675 40,762
Later than one year and not later than five years 116,229 101,448
Later than five years - 24,344
157,904 166,554
157,904 166,554
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Dr Wayne Hirschowitz 70,987 150,381 150,450 - 70,918
The above loan is unsecured, interest free and repayable on demand.
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12. Related Party Transactions
As at the balance sheet date 31 July 2024, amount owed to  related company "Dr Wayne Hirschowitz Limited" stands at £67,999.41 ( 2023: £92,247.73).
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