Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09121187 Mr Kevin Nathan Hill Mr Thomas Harrow Mr James Matthias Mr Paul Wigger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09121187 2024-03-31 09121187 2025-03-31 09121187 2024-04-01 2025-03-31 09121187 frs-core:CurrentFinancialInstruments 2025-03-31 09121187 frs-core:Non-currentFinancialInstruments 2025-03-31 09121187 frs-core:ComputerEquipment 2025-03-31 09121187 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09121187 frs-core:ComputerEquipment 2024-03-31 09121187 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09121187 frs-core:NetGoodwill 2025-03-31 09121187 frs-core:NetGoodwill 2024-04-01 2025-03-31 09121187 frs-core:NetGoodwill 2024-03-31 09121187 frs-core:MotorVehicles 2025-03-31 09121187 frs-core:MotorVehicles 2024-04-01 2025-03-31 09121187 frs-core:MotorVehicles 2024-03-31 09121187 frs-core:PlantMachinery 2025-03-31 09121187 frs-core:PlantMachinery 2024-04-01 2025-03-31 09121187 frs-core:PlantMachinery 2024-03-31 09121187 frs-core:ShareCapital 2025-03-31 09121187 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09121187 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09121187 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09121187 frs-bus:SmallEntities 2024-04-01 2025-03-31 09121187 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09121187 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09121187 frs-bus:Director1 2024-04-01 2025-03-31 09121187 frs-bus:Director2 2024-04-01 2025-03-31 09121187 frs-bus:Director3 2024-04-01 2025-03-31 09121187 frs-bus:Director4 2024-04-01 2025-03-31 09121187 frs-countries:EnglandWales 2024-04-01 2025-03-31 09121187 2023-03-31 09121187 2024-03-31 09121187 2023-04-01 2024-03-31 09121187 frs-core:CurrentFinancialInstruments 2024-03-31 09121187 frs-core:Non-currentFinancialInstruments 2024-03-31 09121187 frs-core:WithinOneYear 2024-03-31 09121187 frs-core:ShareCapital 2024-03-31 09121187 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09121187
Honest Grapes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09121187
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 57,972 111,054
Tangible Assets 5 172,686 145,893
230,658 256,947
CURRENT ASSETS
Stocks 6 2,153,780 2,998,146
Debtors 7 915,734 1,000,318
Cash at bank and in hand 20,315 25,585
3,089,829 4,024,049
Creditors: Amounts Falling Due Within One Year 8 (2,983,757 ) (3,722,636 )
NET CURRENT ASSETS (LIABILITIES) 106,072 301,413
TOTAL ASSETS LESS CURRENT LIABILITIES 336,730 558,360
Creditors: Amounts Falling Due After More Than One Year 9 (1,563 ) (236,759 )
NET ASSETS 335,167 321,601
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 335,166 321,600
SHAREHOLDERS' FUNDS 335,167 321,601
Page 1
Page 2
For the year ending 31 March 2025 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 Kevin Nathan Hill
Director
13/05/2025
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
Honest Grapes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09121187 . The registered office is c/o QI3 Ltd, St. John’s Innovation Centre, Cowley Rd, Cambridge, CB4 0WS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. 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 5 years.
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:
Plant & Machinery Depreciation is on a five year straight line basis
Motor Vehicles Depreciation is on a four year straight line basis
Fixtures & Fittings Depreciation is on a two year straight line basis
Computer Equipment Depreciation is on a five year straight line basis
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.6. 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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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 year 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 asset reflects 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: 26 (2024: 28)
26 28
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 171,786
Disposals (37,500)
As at 31 March 2025 134,286
Amortisation
As at 1 April 2024 60,732
Provided during the period 15,582
As at 31 March 2025 76,314
Net Book Value
As at 31 March 2025 57,972
As at 1 April 2024 111,054
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 37,147 101,201 49,380 187,728
Additions 16,205 18,198 32,917 67,320
As at 31 March 2025 53,352 119,399 82,297 255,048
Depreciation
As at 1 April 2024 5,223 24,692 11,920 41,835
Provided during the period 8,896 22,600 9,031 40,527
As at 31 March 2025 14,119 47,292 20,951 82,362
Net Book Value
As at 31 March 2025 39,233 72,107 61,346 172,686
As at 1 April 2024 31,924 76,509 37,460 145,893
6. Stocks
2025 2024
£ £
Materials 2,153,780 2,998,146
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 605,046 835,678
Prepayments and accrued income 168,549 52,492
Other debtors 127,527 105,413
Deferred tax current asset 14,612 -
VAT - 6,735
915,734 1,000,318
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 12,723
Trade creditors 1,291,715 1,089,004
Bank loans and overdrafts 10,648 10,648
Other loans 476,000 848,142
Corporation tax 1,276 5,990
Other taxes and social security 34,628 26,522
VAT 62,737 -
Other creditors 794 22,893
Accruals and deferred income 256,420 848,664
Directors' loan accounts 849,539 858,050
2,983,757 3,722,636
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,563 11,759
Other creditors - 225,000
1,563 236,759
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 12,723
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
12. Related Party Transactions
Creditors include :-
Directors loan of £849,539 (£858,050 in 2024) from Mr K N Hill
Loan of £476,000 (£676,000 in 2024) from QI3 Ltd, a company with common shareholding and directorship.
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