Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10332426 Mr Jonathan Haynes Mr Luke Frost iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10332426 2023-08-31 10332426 2024-08-31 10332426 2023-09-01 2024-08-31 10332426 frs-core:CurrentFinancialInstruments 2024-08-31 10332426 frs-core:Non-currentFinancialInstruments 2024-08-31 10332426 frs-core:FurnitureFittings 2024-08-31 10332426 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10332426 frs-core:FurnitureFittings 2023-08-31 10332426 frs-core:PlantMachinery 2024-08-31 10332426 frs-core:PlantMachinery 2023-09-01 2024-08-31 10332426 frs-core:PlantMachinery 2023-08-31 10332426 frs-core:ShareCapital 2024-08-31 10332426 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10332426 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10332426 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10332426 frs-bus:SmallEntities 2023-09-01 2024-08-31 10332426 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10332426 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10332426 frs-bus:Director1 2023-09-01 2024-08-31 10332426 frs-bus:Director2 2023-09-01 2024-08-31 10332426 frs-core:Non-currentFinancialInstruments 1 2024-08-31 10332426 frs-core:Non-currentFinancialInstruments 2 2024-08-31 10332426 frs-countries:EnglandWales 2023-09-01 2024-08-31 10332426 2022-08-31 10332426 2023-08-31 10332426 2022-09-01 2023-08-31 10332426 frs-core:CurrentFinancialInstruments 2023-08-31 10332426 frs-core:Non-currentFinancialInstruments 2023-08-31 10332426 frs-core:ShareCapital 2023-08-31 10332426 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10332426 frs-core:Non-currentFinancialInstruments 1 2023-08-31 10332426 frs-core:Non-currentFinancialInstruments 2 2023-08-31
Haynes & Frost Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10332426
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,970 137,949
115,970 137,949
CURRENT ASSETS
Debtors 5 20,746 50,925
Cash at bank and in hand 160,011 77,915
180,757 128,840
Creditors: Amounts Falling Due Within One Year 6 (83,194 ) (59,074 )
NET CURRENT ASSETS (LIABILITIES) 97,563 69,766
TOTAL ASSETS LESS CURRENT LIABILITIES 213,533 207,715
Creditors: Amounts Falling Due After More Than One Year 7 (65,095 ) (93,601 )
NET ASSETS 148,438 114,114
CAPITAL AND RESERVES
Called up share capital 8 400 100
Profit and Loss Account 148,038 114,014
SHAREHOLDERS' FUNDS 148,438 114,114
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 Luke Frost
Director
06/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Haynes & Frost Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10332426 . The registered office is Exchange House, Exchange Street, Attleborough, Attleborough, NR17 2AB.
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:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. 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: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 170,661 24,170 194,831
As at 31 August 2024 170,661 24,170 194,831
Depreciation
As at 1 September 2023 50,038 6,844 56,882
Provided during the period 18,094 3,885 21,979
As at 31 August 2024 68,132 10,729 78,861
Net Book Value
As at 31 August 2024 102,529 13,441 115,970
As at 1 September 2023 120,623 17,326 137,949
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,746 38,570
VAT - 12,355
20,746 50,925
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 31,677 26,230
VAT 10,163 -
Credit Card 38,267 -
Accruals and deferred income 1,500 1,250
Directors' loan accounts 1,587 31,594
83,194 59,074
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce back loan 17,500 27,500
Black Horse Finance 17,911 23,567
CA Auto Finance 29,684 42,534
65,095 93,601
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 100
Page 4