Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 true No description of principal activity 1 February 2024 31 January 2025 31 January 2025 08356039 Robert Read Rebecca Holland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08356039 2024-01-31 08356039 2025-01-31 08356039 2024-02-01 2025-01-31 08356039 frs-core:CurrentFinancialInstruments 2025-01-31 08356039 frs-core:Non-currentFinancialInstruments 2025-01-31 08356039 frs-core:BetweenOneFiveYears 2025-01-31 08356039 frs-core:ComputerEquipment 2024-02-01 2025-01-31 08356039 frs-core:FurnitureFittings 2025-01-31 08356039 frs-core:FurnitureFittings 2024-02-01 2025-01-31 08356039 frs-core:FurnitureFittings 2024-01-31 08356039 frs-core:NetGoodwill 2025-01-31 08356039 frs-core:NetGoodwill 2024-02-01 2025-01-31 08356039 frs-core:NetGoodwill 2024-01-31 08356039 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 08356039 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 08356039 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 08356039 frs-core:MotorVehicles 2025-01-31 08356039 frs-core:MotorVehicles 2024-02-01 2025-01-31 08356039 frs-core:MotorVehicles 2024-01-31 08356039 frs-core:WithinOneYear 2025-01-31 08356039 frs-core:RevaluationReserve 2024-02-01 2025-01-31 08356039 frs-core:RevaluationReserve 2024-01-31 08356039 frs-core:RevaluationReserve 2025-01-31 08356039 frs-core:ShareCapital 2024-02-01 2025-01-31 08356039 frs-core:ShareCapital 2025-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 08356039 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08356039 frs-bus:FullAccounts 2024-02-01 2025-01-31 08356039 frs-bus:SmallEntities 2024-02-01 2025-01-31 08356039 frs-bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 08356039 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 08356039 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 08356039 frs-bus:OrdinaryShareClass2 2024-02-01 2025-01-31 08356039 frs-bus:OrdinaryShareClass2 2025-01-31 08356039 frs-bus:OrdinaryShareClass3 2024-02-01 2025-01-31 08356039 frs-bus:OrdinaryShareClass3 2025-01-31 08356039 frs-bus:OrdinaryShareClass4 2024-02-01 2025-01-31 08356039 frs-bus:OrdinaryShareClass4 2025-01-31 08356039 frs-bus:Director1 2024-02-01 2025-01-31 08356039 frs-bus:Director2 2024-02-01 2025-01-31 08356039 frs-countries:EnglandWales 2024-02-01 2025-01-31 08356039 2023-01-31 08356039 2024-01-31 08356039 2023-02-01 2024-01-31 08356039 frs-core:CurrentFinancialInstruments 2024-01-31 08356039 frs-core:Non-currentFinancialInstruments 2024-01-31 08356039 frs-core:BetweenOneFiveYears 2024-01-31 08356039 frs-core:MotorVehicles 2023-02-01 2024-01-31 08356039 frs-core:WithinOneYear 2024-01-31 08356039 frs-core:RevaluationReserve 2023-02-01 2024-01-31 08356039 frs-core:RevaluationReserve 2023-01-31 08356039 frs-core:RevaluationReserve 2024-01-31 08356039 frs-core:ShareCapital 2023-02-01 2024-01-31 08356039 frs-core:ShareCapital 2023-01-31 08356039 frs-core:ShareCapital 2024-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08356039 frs-bus:OrdinaryShareClass2 2023-02-01 2024-01-31 08356039 frs-bus:OrdinaryShareClass3 2023-02-01 2024-01-31 08356039 frs-bus:OrdinaryShareClass4 2023-02-01 2024-01-31
Registered number: 08356039
Read Holland Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—13
Page 1
Company Information
Directors Robert Read
Rebecca Holland
Company Number 08356039
Registered Office 13 Hyde Road
Paignton
Devon
TQ4 5BW
Accountants Accounting 4 Everything SW Limited
13 Hyde Road
Paignton
Devon
TQ4 5BW
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Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 January 2025.
Directors
The directors who held office during the year were as follows:
Robert Read
Rebecca Holland
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Robert Read
Director
21 April 2025
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Accountant's Report
Report of the Accountant to the directors of Read Holland Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
21 April 2025
Accounting 4 Everything SW Limited
13 Hyde Road
Paignton
Devon
TQ4 5BW
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Page 4
Profit and Loss Account
2025 2024
Notes £ £
TURNOVER 351,566 399,110
Cost of sales (169,982 ) (190,551 )
GROSS PROFIT 181,584 208,559
Administrative expenses (159,673 ) (175,702 )
OPERATING PROFIT 21,911 32,857
Profit on disposal of fixed assets - 275
Other interest receivable and similar income 221 1,156
Interest payable and similar charges (22,035 ) (23,232 )
PROFIT BEFORE TAXATION 97 11,056
Tax on Profit (2,978 ) (1,263 )
(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR (2,881 ) 9,793
The notes on pages 8 to 13 form part of these financial statements.
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Page 5
Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 4,875
Tangible Assets 5 431,769 442,379
431,769 447,254
CURRENT ASSETS
Stocks 550 550
Debtors 6 20,726 16,417
Cash at bank and in hand 33,606 85,546
54,882 102,513
Creditors: Amounts Falling Due Within One Year 7 (56,649 ) (68,748 )
NET CURRENT ASSETS (LIABILITIES) (1,767 ) 33,765
TOTAL ASSETS LESS CURRENT LIABILITIES 430,002 481,019
Creditors: Amounts Falling Due After More Than One Year 8 (224,940 ) (245,845 )
NET ASSETS 205,062 235,174
CAPITAL AND RESERVES
Called up share capital 10 150 150
Revaluation reserve 13 85,655 85,655
Profit and Loss Account 119,257 149,369
SHAREHOLDERS' FUNDS 205,062 235,174
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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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Robert Read
Director
21 April 2025
The notes on pages 8 to 13 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Revaluation reserve Profit and Loss Account Total
£ £ £ £
As at 1 February 2023 150 85,655 170,372 256,177
Profit for the year and total comprehensive income - - 9,793 9,793
Dividends paid - - (30,796) (30,796)
Arising on shares issued during the period 2 - - 2
Share capital reduction (2 ) - - (2)
As at 31 January 2024 and 1 February 2024 150 85,655 149,369 235,174
Loss for the year and total comprehensive income - - (2,881 ) (2,881)
Dividends paid - - (27,231) (27,231)
Arising on shares issued during the period 2 - - 2
Share capital reduction (2 ) - - (2)
As at 31 January 2025 150 85,655 119,257 205,062
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Notes to the Financial Statements
1. General Information
Read Holland Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08356039 . The registered office is 13 Hyde Road, Paignton, Devon, TQ4 5BW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 Not depreciated
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 25% reducing balance
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2.5. 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.
2.6. 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.
2.7. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 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 10 (2024: 10)
10 10
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4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 97,500
As at 31 January 2025 97,500
Amortisation
As at 1 February 2024 92,625
Provided during the period 4,875
As at 31 January 2025 97,500
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 4,875
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 392,757 137,099 41,020 570,876
As at 31 January 2025 392,757 137,099 41,020 570,876
Depreciation
As at 1 February 2024 - 100,008 28,489 128,497
Provided during the period - 9,273 1,337 10,610
As at 31 January 2025 - 109,281 29,826 139,107
Net Book Value
As at 31 January 2025 392,757 27,818 11,194 431,769
As at 1 February 2024 392,757 37,091 12,531 442,379
Land and buildings with a carrying amount of £392,757 were revalued in 2017 by a valuer instructed by Natwest Bank.
The independent valuers are not connected with the company, and the valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. 
If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been £307,102.
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 15,094 15,508
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,569 6,057
Prepayments and accrued income 8,157 10,360
20,726 16,417
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,333 4,671
Trade creditors 4,658 12,872
Bank loans and overdrafts 19,171 19,095
Corporation tax 2,978 1,263
Other taxes and social security 2,195 12,110
VAT 12,932 7,828
Other creditors 56 781
Accruals and deferred income 11,326 10,104
Directors' loan accounts - 24
56,649 68,748
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,056 6,389
Bank loans 221,884 239,456
224,940 245,845
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,333 4,671
Later than one year and not later than five years 3,056 6,389
6,389 11,060
6,389 11,060
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
82 Ordinary A shares of £ 1.000 each 82 84
25 Ordinary B shares of £ 1.000 each 25 25
43 Ordinary C shares of £ 1.000 each 43 41
150 150
Shares issued during the period: £
2 Ordinary C shares of £ 1.000 each 2
Shares disposed during the period: £
2 Ordinary A shares of £ 1.000 each (2)
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Robert Read 22,902 26,758
Rebecca Holland 2,368 2,000
12. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 27,231 30,796
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13. Reserves
Revaluation Reserve
£
As at 1 February 2024 85,655
As at 31 January 2025 85,655
Page 13