Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05129024 Mr Paul Cartwright Mrs Tracy Cartwright Mrs Patricia Cartwright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05129024 2023-09-30 05129024 2024-09-30 05129024 2023-10-01 2024-09-30 05129024 frs-core:CurrentFinancialInstruments 2024-09-30 05129024 frs-core:Non-currentFinancialInstruments 2024-09-30 05129024 frs-core:ComputerEquipment 2024-09-30 05129024 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05129024 frs-core:ComputerEquipment 2023-09-30 05129024 frs-core:FurnitureFittings 2024-09-30 05129024 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05129024 frs-core:FurnitureFittings 2023-09-30 05129024 frs-core:MotorVehicles 2024-09-30 05129024 frs-core:MotorVehicles 2023-10-01 2024-09-30 05129024 frs-core:MotorVehicles 2023-09-30 05129024 frs-core:PlantMachinery 2024-09-30 05129024 frs-core:PlantMachinery 2023-10-01 2024-09-30 05129024 frs-core:PlantMachinery 2023-09-30 05129024 frs-core:ShareCapital 2024-09-30 05129024 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05129024 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05129024 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05129024 frs-bus:SmallEntities 2023-10-01 2024-09-30 05129024 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05129024 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05129024 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05129024 frs-bus:OrdinaryShareClass1 2024-09-30 05129024 frs-bus:Director1 2023-10-01 2024-09-30 05129024 frs-bus:Director1 2023-09-30 05129024 frs-bus:Director1 2024-09-30 05129024 frs-bus:Director2 2023-10-01 2024-09-30 05129024 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05129024 frs-countries:EnglandWales 2023-10-01 2024-09-30 05129024 2022-09-30 05129024 2023-09-30 05129024 2022-10-01 2023-09-30 05129024 frs-core:CurrentFinancialInstruments 2023-09-30 05129024 frs-core:Non-currentFinancialInstruments 2023-09-30 05129024 frs-core:ShareCapital 2023-09-30 05129024 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05129024 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 05129024
Halo Home Improvements Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05129024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,094 28,808
23,094 28,808
CURRENT ASSETS
Stocks 5 24,750 15,000
Debtors 6 87,677 97,797
Cash at bank and in hand 8,419 27,851
120,846 140,648
Creditors: Amounts Falling Due Within One Year 7 (110,871 ) (116,348 )
NET CURRENT ASSETS (LIABILITIES) 9,975 24,300
TOTAL ASSETS LESS CURRENT LIABILITIES 33,069 53,108
Creditors: Amounts Falling Due After More Than One Year 8 (7,033 ) (17,365 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (5,299 ) (6,554 )
NET ASSETS 20,737 29,189
CAPITAL AND RESERVES
Called up share capital 10 110 110
Income Statement 20,627 29,079
SHAREHOLDERS' FUNDS 20,737 29,189
Page 1
Page 2
For the year ending 30 September 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 Income Statement.
On behalf of the board
Mr Paul Cartwright
Director
29 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
Halo Home Improvements Limited is a private company, limited by shares. It is incorporated in England & Wales, under a registered number of 05129024 . The registered office is Oakridge House, Wellington Road, High Wycombe, Buckinghamshire, HP12 3PR.
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 consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of fenestration goods and services and 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 of installation or when 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 service.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
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. 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. Financial Instruments
Basic financial instruments are recognised at amortised cost using the effective interest method.
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 income statement 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
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2.7. 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 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 the income statement, except when they relate 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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including directors, during the year was 5 (2023: 6)
5 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 8,751 54,395 9,244 4,791 77,181
Additions 1,056 - - 624 1,680
As at 30 September 2024 9,807 54,395 9,244 5,415 78,861
Depreciation
As at 1 October 2023 5,457 34,158 5,323 3,435 48,373
Provided during the period 972 5,059 980 383 7,394
As at 30 September 2024 6,429 39,217 6,303 3,818 55,767
Net Book Value
As at 30 September 2024 3,378 15,178 2,941 1,597 23,094
As at 1 October 2023 3,294 20,237 3,921 1,356 28,808
5. Stocks
2024 2023
£ £
Materials 24,750 15,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,760 88,328
Other debtors 9,917 9,469
87,677 97,797
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 31,072 46,568
Bank loans and overdrafts 10,332 10,077
Other creditors 35,679 24,239
Taxation and social security 33,788 35,464
110,871 116,348
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,033 17,365
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 5,299 6,554
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
110 Ordinary Shares of £ 1.00 each 110 110
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases is £5,443 (2023: £11,567).
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £470 (2023: £583) were due to the fund. They are included in Other Creditors.
13. Directors Advances, Credits and Guarantees
The following loan to a director existed during the year:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Paul Cartwright - 11,080 11,080 - -
Whilst outstanding, the above loan was unsecured, repayable on demand and subject to interest charges at 2.25% per annum.
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