Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08773400 Mr Michael Hoevel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08773400 2023-11-30 08773400 2024-11-30 08773400 2023-12-01 2024-11-30 08773400 frs-core:CurrentFinancialInstruments 2024-11-30 08773400 frs-core:PlantMachinery 2024-11-30 08773400 frs-core:PlantMachinery 2023-12-01 2024-11-30 08773400 frs-core:PlantMachinery 2023-11-30 08773400 frs-core:ShareCapital 2024-11-30 08773400 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08773400 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08773400 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08773400 frs-bus:SmallEntities 2023-12-01 2024-11-30 08773400 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08773400 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08773400 frs-bus:Director1 2023-12-01 2024-11-30 08773400 1 2023-12-01 2024-11-30 08773400 frs-core:CurrentFinancialInstruments 1 2024-11-30 08773400 2 2023-12-01 2024-11-30 08773400 frs-countries:EnglandWales 2023-12-01 2024-11-30 08773400 2022-11-30 08773400 2023-11-30 08773400 2022-12-01 2023-11-30 08773400 frs-core:CurrentFinancialInstruments 2023-11-30 08773400 frs-core:ShareCapital 2023-11-30 08773400 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08773400 1 2022-12-01 2023-11-30 08773400 frs-core:CurrentFinancialInstruments 1 2023-11-30 08773400 2 2022-12-01 2023-11-30
Registered number: 08773400
Hoevel & Associates Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2024
Green & Peter(UK) Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08773400
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,998 5,509
4,998 5,509
CURRENT ASSETS
Debtors 5 142,558 151,252
Cash at bank and in hand 5,651,826 4,677,329
5,794,384 4,828,581
Creditors: Amounts Falling Due Within One Year 6 (312,991 ) (224,934 )
NET CURRENT ASSETS (LIABILITIES) 5,481,393 4,603,647
TOTAL ASSETS LESS CURRENT LIABILITIES 5,486,391 4,609,156
NET ASSETS 5,486,391 4,609,156
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 5,486,291 4,609,056
SHAREHOLDERS' FUNDS 5,486,391 4,609,156
For the year ending 30 November 2024 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 Michael Hoevel
Director
12/06/2025
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
Hoevel & Associates Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08773400 . The registered office is 1339 High Road, Whetstone, London, N20 9HR.

The Financial statements are presented in sterling which is the functional currency of the company and
rounded to nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise
specified within these accounting policies and in accordance with Financial Reporting Standard 102,
the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the
Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain
critical accounting estimates. It also requires management to exercise judgment in applying the
Company's accounting policies.

The following principal accounting policies have been applied:

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange
rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary
items measured at historical cost are translated using the exchange rate at the date of the
transaction and non-monetary items measured at fair value are measured using the exchange rate
when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the
translation at period-end exchange rates of monetary assets and liabilities denominated in foreign
currencies are recognised in profit or loss except when deferred in other comprehensive income as
qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are
presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange
gains and losses are presented in profit or loss within 'other operating income'.
2.2. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
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Page 3
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is
directly attributable to bringing the asset to the location and condition necessary for it to be capable
of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Plant & Machinery 25% reducing balance method
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last
reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found,
an impairment loss is recognised in the Profit and loss account.
2.5. Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and
expense recognised as other comprehensive income or to an item recognised directly in equity is
also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the balance sheet date in the countries where the Company
operates and generates income.
2.6. Pensions
Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is
a pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not
paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held
separately from the Company in independently administered funds.
2.7. Interest income
Interest income is recognised in profit or loss using the effective interest method.
2.8. Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest
method so that the amount charged is at a constant rate on the carrying amount. Issue costs are
initially recognised as a reduction in the proceeds of the associated capital instrument.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that
mature in no more than three months from the date of acquisition and that are readily convertible to
known amounts of cash with insignificant risk of change in value.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Director 1 1
Employee 2 2
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2023 15,350
Additions 893
As at 30 November 2024 16,243
Depreciation
As at 1 December 2023 9,841
Provided during the period 1,404
As at 30 November 2024 11,245
Net Book Value
As at 30 November 2024 4,998
As at 1 December 2023 5,509
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 142,558 151,252
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 295,433 209,791
VAT 9,258 4,578
Other creditors 4,565 6,914
Pension payable 285 201
Accruals and deferred income 3,450 3,450
312,991 224,934
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4