Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 10476262 Mr Lee Gibbs true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10476262 2024-01-31 10476262 2025-01-31 10476262 2024-02-01 2025-01-31 10476262 frs-core:CurrentFinancialInstruments 2025-01-31 10476262 frs-core:Non-currentFinancialInstruments 2025-01-31 10476262 frs-core:BetweenOneFiveYears 2025-01-31 10476262 frs-core:ComputerEquipment 2025-01-31 10476262 frs-core:ComputerEquipment 2024-02-01 2025-01-31 10476262 frs-core:ComputerEquipment 2024-01-31 10476262 frs-core:FurnitureFittings 2025-01-31 10476262 frs-core:FurnitureFittings 2024-02-01 2025-01-31 10476262 frs-core:FurnitureFittings 2024-01-31 10476262 frs-core:MotorVehicles 2025-01-31 10476262 frs-core:MotorVehicles 2024-02-01 2025-01-31 10476262 frs-core:MotorVehicles 2024-01-31 10476262 frs-core:PlantMachinery 2025-01-31 10476262 frs-core:PlantMachinery 2024-02-01 2025-01-31 10476262 frs-core:PlantMachinery 2024-01-31 10476262 frs-core:WithinOneYear 2025-01-31 10476262 frs-core:ShareCapital 2025-01-31 10476262 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 10476262 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10476262 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 10476262 frs-bus:SmallEntities 2024-02-01 2025-01-31 10476262 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 10476262 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10476262 1 2024-02-01 2025-01-31 10476262 frs-bus:Director1 2024-02-01 2025-01-31 10476262 frs-countries:EnglandWales 2024-02-01 2025-01-31 10476262 2023-01-31 10476262 2024-01-31 10476262 2023-02-01 2024-01-31 10476262 frs-core:CurrentFinancialInstruments 2024-01-31 10476262 frs-core:Non-currentFinancialInstruments 2024-01-31 10476262 frs-core:BetweenOneFiveYears 2024-01-31 10476262 frs-core:WithinOneYear 2024-01-31 10476262 frs-core:ShareCapital 2024-01-31 10476262 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 10476262
The Handyman Group Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Tony R Pomfret & Associates
37a High Street
Hoddesdon
EN11 8TA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10476262
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,868 82,998
69,868 82,998
CURRENT ASSETS
Debtors 5 125,624 120,067
Cash at bank and in hand 3,250 31,040
128,874 151,107
Creditors: Amounts Falling Due Within One Year 6 (89,018 ) (117,803 )
NET CURRENT ASSETS (LIABILITIES) 39,856 33,304
TOTAL ASSETS LESS CURRENT LIABILITIES 109,724 116,302
Creditors: Amounts Falling Due After More Than One Year 7 (60,974 ) (73,334 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,407 ) (18,558 )
NET ASSETS 33,343 24,410
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 33,341 24,408
SHAREHOLDERS' FUNDS 33,343 24,410
Page 1
Page 2
For the year ending 31 January 2025 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 Profit and Loss Account.
On behalf of the board
Mr Lee Gibbs
Director
02/06/2025
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
The Handyman Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10476262 . The registered office is 37a High Street, Hoddesdon , Herts, EN11 8TA.
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 12.5% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 10% Straight Line
Computer Equipment 20% Straight Line
2.4. 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 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.
Page 3
Page 4
2.5. 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. 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: 8 (2024: 7)
8 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 5,295 109,954 950 24,452 140,651
Additions 1,789 9,277 1,750 - 12,816
As at 31 January 2025 7,084 119,231 2,700 24,452 153,467
Depreciation
As at 1 February 2024 4,231 42,389 475 10,558 57,653
Provided during the period 807 19,210 270 5,659 25,946
As at 31 January 2025 5,038 61,599 745 16,217 83,599
Net Book Value
As at 31 January 2025 2,046 57,632 1,955 8,235 69,868
As at 1 February 2024 1,064 67,565 475 13,894 82,998
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
Page 4
Page 5
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 120,994 103,954
Other debtors 4,630 16,113
125,624 120,067
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,020 7,377
Trade creditors 7,892 56,562
Bank loans and overdrafts 8,591 5,340
Other creditors 8,877 7,432
Taxation and social security 56,638 41,092
89,018 117,803
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 35,610 42,630
Bank loans 25,364 30,704
60,974 73,334
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,020 7,377
Later than one year and not later than five years 35,610 42,630
42,630 50,007
42,630 50,007
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
10. Related Party Transactions
Director's Loan AccountAt balance sheet date, the company owed £364 (2024 was owed £1,367) by Mr L Gibbs, who is a director and shareholder of the company.

Director's Loan Account

At balance sheet date, the company owed £364 (2024 was owed £1,367) by Mr L Gibbs, who is a director and shareholder of the company.

11. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 6