Acorah Software Products - Accounts Production 16.2.800 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 02783691 Mr Antony Townson Mr Kieron Townson Mr Herbert Stephen Townson Mrs Amanda Townson Ms Amanda Townson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02783691 2023-08-31 02783691 2024-08-31 02783691 2023-09-01 2024-08-31 02783691 frs-core:CurrentFinancialInstruments 2024-08-31 02783691 frs-core:FurnitureFittings 2024-08-31 02783691 frs-core:FurnitureFittings 2023-09-01 2024-08-31 02783691 frs-core:FurnitureFittings 2023-08-31 02783691 frs-core:NetGoodwill 2024-08-31 02783691 frs-core:NetGoodwill 2023-09-01 2024-08-31 02783691 frs-core:NetGoodwill 2023-08-31 02783691 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 02783691 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02783691 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 02783691 frs-core:MotorVehicles 2024-08-31 02783691 frs-core:MotorVehicles 2023-09-01 2024-08-31 02783691 frs-core:MotorVehicles 2023-08-31 02783691 frs-core:ShareCapital 2024-08-31 02783691 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 02783691 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02783691 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 02783691 frs-bus:SmallEntities 2023-09-01 2024-08-31 02783691 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02783691 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02783691 frs-bus:Director1 2023-09-01 2024-08-31 02783691 frs-bus:Director2 2023-09-01 2024-08-31 02783691 frs-bus:Director3 2023-09-01 2024-08-31 02783691 frs-bus:Director4 2023-09-01 2024-08-31 02783691 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 02783691 frs-countries:EnglandWales 2023-09-01 2024-08-31 02783691 2022-08-31 02783691 2023-08-31 02783691 2022-09-01 2023-08-31 02783691 frs-core:CurrentFinancialInstruments 2023-08-31 02783691 frs-core:ShareCapital 2023-08-31 02783691 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 02783691
P. HARRISON & CO. LIMITED
Financial Statements
For The Year Ended 31 August 2024
Simple Accounting NW Ltd
4-4a Blackburn Road
Accrington
BB5 1HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02783691
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 221,045 221,254
221,045 221,254
CURRENT ASSETS
Stocks 6 85,009 92,395
Debtors 7 229,655 221,625
Cash at bank and in hand 386,170 302,542
700,834 616,562
Creditors: Amounts Falling Due Within One Year 8 (140,740 ) (102,885 )
NET CURRENT ASSETS (LIABILITIES) 560,094 513,677
TOTAL ASSETS LESS CURRENT LIABILITIES 781,139 734,931
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,612 ) (2,765 )
NET ASSETS 777,527 732,166
CAPITAL AND RESERVES
Called up share capital 9 14,321 14,321
Profit and Loss Account 763,206 717,845
SHAREHOLDERS' FUNDS 777,527 732,166
Page 1
Page 2
For the year ending 31 August 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 Kieron Townson
Director
13 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
P. HARRISON & CO. LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02783691 . The registered office is Far Lands Hall, Withgill, Clitheroe, Lancashire, BB7 3LL.
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. 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 10 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:
Freehold 2% Straight Line
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight line
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. 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
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 56,500
As at 31 August 2024 56,500
Amortisation
As at 1 September 2023 56,500
As at 31 August 2024 56,500
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 292,971 30,572 81,541 405,084
Additions - - 14,199 14,199
Disposals - - (5,700 ) (5,700 )
As at 31 August 2024 292,971 30,572 90,040 413,583
Depreciation
As at 1 September 2023 86,277 30,572 66,981 183,830
Provided during the period 4,661 - 9,747 14,408
Disposals - - (5,700 ) (5,700 )
As at 31 August 2024 90,938 30,572 71,028 192,538
Net Book Value
As at 31 August 2024 202,033 - 19,012 221,045
As at 1 September 2023 206,694 - 14,560 221,254
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 85,009 92,395
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,388 65,537
Amounts owed by group undertakings 7,845 6,595
Other debtors 7,709 6,780
86,942 78,912
Due after more than one year
Amounts owed by group undertakings 142,713 142,713
229,655 221,625
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 93,646 80,761
Other creditors 25,069 14,689
Taxation and social security 22,025 7,435
140,740 102,885
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 14,321 14,321
Page 5