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 04913128 Mr Antony Heighes Mrs Victoria Heighes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04913128 2024-01-31 04913128 2025-01-31 04913128 2024-02-01 2025-01-31 04913128 frs-core:CurrentFinancialInstruments 2025-01-31 04913128 frs-core:Non-currentFinancialInstruments 2025-01-31 04913128 frs-core:ComputerEquipment 2025-01-31 04913128 frs-core:ComputerEquipment 2024-02-01 2025-01-31 04913128 frs-core:ComputerEquipment 2024-01-31 04913128 frs-core:MotorVehicles 2025-01-31 04913128 frs-core:MotorVehicles 2024-02-01 2025-01-31 04913128 frs-core:MotorVehicles 2024-01-31 04913128 frs-core:PlantMachinery 2025-01-31 04913128 frs-core:PlantMachinery 2024-02-01 2025-01-31 04913128 frs-core:PlantMachinery 2024-01-31 04913128 frs-core:ShareCapital 2025-01-31 04913128 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04913128 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04913128 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04913128 frs-bus:SmallEntities 2024-02-01 2025-01-31 04913128 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04913128 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04913128 frs-bus:Director1 2024-02-01 2025-01-31 04913128 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 04913128 frs-countries:EnglandWales 2024-02-01 2025-01-31 04913128 2023-01-31 04913128 2024-01-31 04913128 2023-02-01 2024-01-31 04913128 frs-core:CurrentFinancialInstruments 2024-01-31 04913128 frs-core:Non-currentFinancialInstruments 2024-01-31 04913128 frs-core:ShareCapital 2024-01-31 04913128 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 04913128
Acorn Properties (Suffolk) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
H.J. Hedges-Quinn & Co Ltd
ACCA
The Old Astra Cinema
The Street
Great Bricett
Suffolk
IP7 7DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04913128
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,385 41,615
31,385 41,615
CURRENT ASSETS
Stocks 5 25,000 42,600
Debtors 6 21,845 3,419
Cash at bank and in hand 81,415 155,060
128,260 201,079
Creditors: Amounts Falling Due Within One Year 7 (36,743 ) (49,206 )
NET CURRENT ASSETS (LIABILITIES) 91,517 151,873
TOTAL ASSETS LESS CURRENT LIABILITIES 122,902 193,488
Creditors: Amounts Falling Due After More Than One Year 8 (92,658 ) (117,832 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,963 ) (7,907 )
NET ASSETS 24,281 67,749
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 24,181 67,649
SHAREHOLDERS' FUNDS 24,281 67,749
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 Antony Heighes
Director
16/06/2025
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
Acorn Properties (Suffolk) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04913128 . The registered office is Aveley House, Aveley Lane Shimpling, Bury St Edmunds, IP29 4HB.
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 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 87,430 57,306 5,238 149,974
Additions 235 - - 235
As at 31 January 2025 87,665 57,306 5,238 150,209
Depreciation
As at 1 February 2024 72,223 31,628 4,508 108,359
Provided during the period 3,862 6,420 183 10,465
As at 31 January 2025 76,085 38,048 4,691 118,824
Net Book Value
As at 31 January 2025 11,580 19,258 547 31,385
As at 1 February 2024 15,207 25,678 730 41,615
5. Stocks
2025 2024
£ £
Work in progress 25,000 42,600
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 953 811
Corporation tax recoverable assets 892 -
VAT - 2,608
1,845 3,419
Due after more than one year
Amounts owed by associates 20,000 -
21,845 3,419
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 22,967 22,372
Corporation tax - 19,872
Other taxes and social security 1,928 5,270
VAT 10,588 -
Other creditors 210 692
Accruals and deferred income 1,050 1,000
36,743 49,206
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account 92,658 117,832
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5