Acorah Software Products - Accounts Production 16.2.850 false true 12 September 2023 13 September 2022 false 13 September 2023 12 September 2024 12 September 2024 NI005087 Mr William Hoy Mrs Lily Hoy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI005087 2023-09-12 NI005087 2024-09-12 NI005087 2023-09-13 2024-09-12 NI005087 frs-core:CurrentFinancialInstruments 2024-09-12 NI005087 frs-core:ComputerEquipment 2024-09-12 NI005087 frs-core:ComputerEquipment 2023-09-13 2024-09-12 NI005087 frs-core:ComputerEquipment 2023-09-12 NI005087 frs-core:FurnitureFittings 2023-09-13 2024-09-12 NI005087 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-13 2024-09-12 NI005087 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-12 NI005087 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-13 2024-09-12 NI005087 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-12 NI005087 frs-core:MotorVehicles 2024-09-12 NI005087 frs-core:MotorVehicles 2023-09-13 2024-09-12 NI005087 frs-core:MotorVehicles 2023-09-12 NI005087 frs-core:PlantMachinery 2024-09-12 NI005087 frs-core:PlantMachinery 2023-09-13 2024-09-12 NI005087 frs-core:PlantMachinery 2023-09-12 NI005087 frs-core:ShareCapital 2024-09-12 NI005087 frs-core:RetainedEarningsAccumulatedLosses 2024-09-12 NI005087 frs-bus:PrivateLimitedCompanyLtd 2023-09-13 2024-09-12 NI005087 frs-bus:FilletedAccounts 2023-09-13 2024-09-12 NI005087 frs-bus:SmallEntities 2023-09-13 2024-09-12 NI005087 frs-bus:AuditExempt-NoAccountantsReport 2023-09-13 2024-09-12 NI005087 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-13 2024-09-12 NI005087 frs-bus:Director1 2023-09-13 2024-09-12 NI005087 frs-bus:Director2 2023-09-13 2024-09-12 NI005087 frs-countries:NorthernIreland 2023-09-13 2024-09-12 NI005087 2022-09-12 NI005087 2023-09-12 NI005087 2022-09-13 2023-09-12 NI005087 frs-core:CurrentFinancialInstruments 2023-09-12 NI005087 frs-core:ShareCapital 2023-09-12 NI005087 frs-core:RetainedEarningsAccumulatedLosses 2023-09-12
Registered number: NI005087
Annahill Farms Limited
Unaudited Financial Statements
For The Year Ended 12 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: NI005087
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 155,188 149,086
155,188 149,086
CURRENT ASSETS
Stocks 5 278,455 208,570
Debtors 6 34,793 51,786
313,248 260,356
Creditors: Amounts Falling Due Within One Year 7 (415,553 ) (387,529 )
NET CURRENT ASSETS (LIABILITIES) (102,305 ) (127,173 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,883 21,913
NET ASSETS 52,883 21,913
CAPITAL AND RESERVES
Called up share capital 8 23,000 23,000
Profit and Loss Account 29,883 (1,087 )
SHAREHOLDERS' FUNDS 52,883 21,913
For the year ending 12 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 Profit and Loss Account.
On behalf of the board
Mr William Hoy
Director
10/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Annahill Farms Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI005087 . The registered office is 26 The Square, Moy, Co. Tyrone, BT71 7SG.
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:
Freehold 0
Leasehold 0
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 0
Computer Equipment 0
2.4. 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.
2.5. 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. 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 2
Page 3
2.5. 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 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
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 13 September 2023 133,685 97,264 14,182 6,612 251,743
Additions - 9,949 - - 9,949
Disposals (100 ) - - - (100 )
As at 12 September 2024 133,585 107,213 14,182 6,612 261,592
Depreciation
As at 13 September 2023 - 88,867 13,790 - 102,657
Provided during the period - 3,669 78 - 3,747
As at 12 September 2024 - 92,536 13,868 - 106,404
Net Book Value
As at 12 September 2024 133,585 14,677 314 6,612 155,188
As at 13 September 2023 133,685 8,397 392 6,612 149,086
5. Stocks
2024 2023
£ £
Work in progress 278,455 208,570
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,866 33,947
Other debtors 16,927 17,839
34,793 51,786
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,896 2,175
Bank loans and overdrafts 149,258 127,189
Other creditors 258,165 258,165
Taxation and social security 1,234 -
415,553 387,529
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 23,000 23,000
Page 4