Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 true 1 April 2024 31 March 2025 31 March 2025 06041878 Mr G D McDonald Mrs R McDonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06041878 2024-03-31 06041878 2025-03-31 06041878 2024-04-01 2025-03-31 06041878 frs-core:Non-currentFinancialInstruments 2025-03-31 06041878 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06041878 frs-core:MotorVehicles 2024-04-01 2025-03-31 06041878 frs-core:PlantMachinery 2024-04-01 2025-03-31 06041878 frs-core:ShareCapital 2025-03-31 06041878 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06041878 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06041878 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 06041878 frs-bus:SmallEntities 2024-04-01 2025-03-31 06041878 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06041878 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06041878 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 06041878 frs-bus:Director1 2024-04-01 2025-03-31 06041878 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 06041878 frs-countries:EnglandWales 2024-04-01 2025-03-31 06041878 2023-03-31 06041878 2024-03-31 06041878 2023-04-01 2024-03-31 06041878 frs-core:Non-currentFinancialInstruments 2024-03-31 06041878 frs-core:ShareCapital 2024-03-31 06041878 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06041878
Home Entertainment Direct Ltd.
Director's Report and
Unaudited Abridged Financial Statements
For The Year Ended 31 March 2025
Warner & Co Accountants Limited
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Abridged Profit and Loss Account 4
Abridged Balance Sheet 5—6
Notes to the Abridged Financial Statements 7—9
Page 1
Company Information
Director Mr G D McDonald
Secretary Mrs R McDonald
Company Number 06041878
Registered Office 39 Haddestoke Gate
Cheshunt
Herts
EN8 0XJ
Accountants Warner & Co Accountants Limited
ACCA
First Floor Extension
Widbury Barn, Widbury Hill,
Ware
Hertfordshire
SG12 7QE
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 March 2025.
Principal Activity
The company's principal activity continues to be that of custom installation of audio-visual products. 
Directors
The director who held office during the year were as follows:
Mr G D McDonald
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 director is 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 director is 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. He is 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 director is 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
Mr G D McDonald
Director
08/05/2025
Page 2
Page 3
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Home Entertainment Direct Ltd. for the year ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Home Entertainment Direct Ltd. which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Home Entertainment Direct Ltd. , as a body, in accordance with the terms of our engagement letter dated 30 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Home Entertainment Direct Ltd. and state those matters that we have agreed to state to the director of Home Entertainment Direct Ltd. , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Home Entertainment Direct Ltd. and its director as a body for our work or for this report.
It is your duty to ensure that Home Entertainment Direct Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Home Entertainment Direct Ltd. . You consider that Home Entertainment Direct Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Home Entertainment Direct Ltd. . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
08/05/2025
Warner & Co Accountants Limited
ACCA
First Floor Extension
Widbury Barn, Widbury Hill,
Ware
Hertfordshire
SG12 7QE
Page 3
Page 4
Abridged Profit and Loss Account
2025 2024
Notes £ £
GROSS PROFIT 229,841 151,045
Administrative expenses (100,538 ) (36,256 )
OPERATING PROFIT 129,303 114,789
Other interest receivable and similar income 1,556 189
Interest payable and similar charges (172 ) (274 )
PROFIT BEFORE TAXATION 130,687 114,704
Tax on Profit (28,501 ) (27,112 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 102,186 87,592
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Abridged Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,318 233
10,318 233
CURRENT ASSETS
Stocks 14,184 13,000
Debtors 50,354 57,701
Cash at bank and in hand 76,947 26,791
141,485 97,492
Creditors: Amounts Falling Due Within One Year (39,760 ) (50,368 )
NET CURRENT ASSETS (LIABILITIES) 101,725 47,124
TOTAL ASSETS LESS CURRENT LIABILITIES 112,043 47,357
Creditors: Amounts Falling Due After More Than One Year (667 ) (4,667 )
NET ASSETS 111,376 42,690
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and Loss Account 110,376 41,690
SHAREHOLDERS' FUNDS 111,376 42,690
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For the year ending 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr G D McDonald
Director
08/05/2025
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Notes to the Abridged Financial Statements
1. General Information
Home Entertainment Direct Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 06041878 . The registered office is 39 Haddestoke Gate, Cheshunt, Herts, EN8 0XJ.
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%
Motor Vehicles 25%
Computer Equipment 33
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 2,927
Additions 13,673
As at 31 March 2025 16,600
Depreciation
As at 1 April 2024 2,694
Provided during the period 3,588
As at 31 March 2025 6,282
Net Book Value
As at 31 March 2025 10,318
As at 1 April 2024 233
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5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 9