Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 01943317 Mr R V Hopley Mr R J Hopley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01943317 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-12-31 01943317 2023-12-31 01943317 2024-12-31 01943317 2024-01-01 2024-12-31 01943317 frs-core:CurrentFinancialInstruments 2024-12-31 01943317 frs-core:Non-currentFinancialInstruments 2024-12-31 01943317 frs-core:ComputerEquipment 2024-12-31 01943317 frs-core:ComputerEquipment 2024-01-01 2024-12-31 01943317 frs-core:ComputerEquipment 2023-12-31 01943317 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 01943317 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 01943317 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 01943317 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01943317 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 01943317 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01943317 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01943317 frs-core:MotorVehicles 2024-12-31 01943317 frs-core:MotorVehicles 2024-01-01 2024-12-31 01943317 frs-core:MotorVehicles 2023-12-31 01943317 frs-core:PlantMachinery 2024-12-31 01943317 frs-core:PlantMachinery 2024-01-01 2024-12-31 01943317 frs-core:PlantMachinery 2023-12-31 01943317 frs-core:WithinOneYear 2024-12-31 01943317 frs-core:ShareCapital 2024-12-31 01943317 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01943317 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01943317 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01943317 frs-bus:SmallEntities 2024-01-01 2024-12-31 01943317 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01943317 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01943317 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01943317 frs-bus:OrdinaryShareClass1 2024-12-31 01943317 frs-bus:Director1 2024-01-01 2024-12-31 01943317 frs-bus:Director2 2024-01-01 2024-12-31 01943317 frs-countries:EnglandWales 2024-01-01 2024-12-31 01943317 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-12-31 01943317 2022-12-31 01943317 2023-12-31 01943317 2023-01-01 2023-12-31 01943317 frs-core:CurrentFinancialInstruments 2023-12-31 01943317 frs-core:Non-currentFinancialInstruments 2023-12-31 01943317 frs-core:PlantMachinery 2023-01-01 2023-12-31 01943317 frs-core:WithinOneYear 2023-12-31 01943317 frs-core:ShareCapital 2023-12-31 01943317 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01943317 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 01943317
S And R Hopley Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01943317
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 2,149 4,298
Tangible Assets 4 4,177,785 4,179,564
Investments 50 50
4,179,984 4,183,912
CURRENT ASSETS
Stocks 5 179,575 170,190
Debtors 6 1,004,703 852,173
Cash at bank and in hand 17,552 12,750
1,201,830 1,035,113
Creditors: Amounts Falling Due Within One Year 7 (654,850 ) (543,013 )
NET CURRENT ASSETS (LIABILITIES) 546,980 492,100
TOTAL ASSETS LESS CURRENT LIABILITIES 4,726,964 4,676,012
Creditors: Amounts Falling Due After More Than One Year 8 (1,315,003 ) (1,505,644 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (133,158 ) (135,856 )
NET ASSETS 3,278,803 3,034,512
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 3,278,703 3,034,412
SHAREHOLDERS' FUNDS 3,278,803 3,034,512
Page 1
Page 2
For the year ending 31 December 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 R J Hopley
Director
9 June 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
S And R Hopley Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Sale of goods
Turnover from the sale of livestock, crops and wool is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.
Compensation
Income from compensation is recognised when received. The value received is based on either statutory loss of land from growing crops or temporary land take and disturbance.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.
Also included as government grants is the entitlement value of the Basic Payment Scheme which has been capitalised as an intangible asset.
Rent received
Rental income is recognised using the accrual model.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.
Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:
Basic Payment Scheme entitlements - 4 years
Provision is made for any impairment.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Agricultural buildings 4-10% on reducing balance
Plant & Machinery 20% & 10% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
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2.6. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.  Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Deemed cost is used where actual cost is not accurately ascertainable. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.7. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively by the balance sheet date that are expected to apply to the reversal of timing differences.
2.8.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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 Agricultural buildings Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2024 3,933,731 149,704 718,220 65,483
Additions - - 52,346 -
Disposals - - (8,900 ) -
As at 31 December 2024 3,933,731 149,704 761,666 65,483
Depreciation
As at 1 January 2024 - 92,356 557,631 37,985
Provided during the period - 2,294 41,501 6,875
Disposals - - (5,544 ) -
As at 31 December 2024 - 94,650 593,588 44,860
Net Book Value
As at 31 December 2024 3,933,731 55,054 168,078 20,623
As at 1 January 2024 3,933,731 57,348 160,589 27,498
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2024 2,498 4,869,636
Additions - 52,346
Disposals - (8,900 )
As at 31 December 2024 2,498 4,913,082
Depreciation
As at 1 January 2024 2,100 690,072
Provided during the period 99 50,769
Disposals - (5,544 )
As at 31 December 2024 2,199 735,297
Net Book Value
As at 31 December 2024 299 4,177,785
As at 1 January 2024 398 4,179,564
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery - 75,881
5. Stocks
2024 2023
£ £
Stock 165,725 148,490
Consumables 13,850 21,700
179,575 170,190
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,260 661
Prepayments and accrued income 10,208 9,262
VAT 2,477 1,129
Amounts owed by group undertakings 973,758 841,121
1,004,703 852,173
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 15,060
Trade creditors 26,705 110,722
Corporation tax 81,840 42,175
Accruals and deferred income 10,917 10,002
Directors' loan accounts 535,388 365,054
654,850 543,013
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,315,003 1,505,644
9. Secured Creditors
The following secured debts are included within creditors:
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 15,060
Bank loans and overdrafts 1,315,003 1,505,644
Bank loans of £1,315,003 are secured with charges over land at Halfhead Farm and land at Walton Bank  Farm.
10. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 1,315,003 1,505,644
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 15,060
12. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
13. Related Party Disclosures
Group companies have bank loan arrangements which are secured on the assets of S & R Hopley Limited.
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