Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 04384331 Mr W Davis Mr W Davis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04384331 2024-02-29 04384331 2025-02-28 04384331 2024-03-01 2025-02-28 04384331 frs-core:CurrentFinancialInstruments 2025-02-28 04384331 frs-core:Non-currentFinancialInstruments 2025-02-28 04384331 frs-core:BetweenOneFiveYears 2025-02-28 04384331 frs-core:FurnitureFittings 2025-02-28 04384331 frs-core:FurnitureFittings 2024-03-01 2025-02-28 04384331 frs-core:FurnitureFittings 2024-02-29 04384331 frs-core:MotorVehicles 2025-02-28 04384331 frs-core:MotorVehicles 2024-03-01 2025-02-28 04384331 frs-core:MotorVehicles 2024-02-29 04384331 frs-core:PlantMachinery 2025-02-28 04384331 frs-core:PlantMachinery 2024-03-01 2025-02-28 04384331 frs-core:PlantMachinery 2024-02-29 04384331 frs-core:WithinOneYear 2025-02-28 04384331 frs-core:ShareCapital 2025-02-28 04384331 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 04384331 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04384331 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 04384331 frs-bus:SmallEntities 2024-03-01 2025-02-28 04384331 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04384331 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04384331 frs-bus:Director1 2024-03-01 2025-02-28 04384331 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 04384331 frs-countries:EnglandWales 2024-03-01 2025-02-28 04384331 2023-02-28 04384331 2024-02-29 04384331 2023-03-01 2024-02-29 04384331 frs-core:CurrentFinancialInstruments 2024-02-29 04384331 frs-core:Non-currentFinancialInstruments 2024-02-29 04384331 frs-core:BetweenOneFiveYears 2024-02-29 04384331 frs-core:WithinOneYear 2024-02-29 04384331 frs-core:ShareCapital 2024-02-29 04384331 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 04384331
Homelovers Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Charlton Baker
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04384331
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,199 1,742
8,199 1,742
CURRENT ASSETS
Stocks 5 4,500 4,500
Debtors 6 27,151 42,763
Cash at bank and in hand 28,547 24,959
60,198 72,222
Creditors: Amounts Falling Due Within One Year 7 (54,046 ) (64,822 )
NET CURRENT ASSETS (LIABILITIES) 6,152 7,400
TOTAL ASSETS LESS CURRENT LIABILITIES 14,351 9,142
Creditors: Amounts Falling Due After More Than One Year 8 (3,557 ) (8,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,558 ) (331 )
NET ASSETS 9,236 811
CAPITAL AND RESERVES
Called up share capital 10 10 10
Income Statement 9,226 801
SHAREHOLDERS' FUNDS 9,236 811
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Page 2
For the year ending 28 February 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 Income Statement.
On behalf of the board
Mr W Davis
Director
30/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Homelovers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04384331 . The registered office is 7-7c Snuff Street, Devizes, Wiltshire, SN10 1DU.
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% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.4. 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 income statement 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 income statement as incurred.
2.5. 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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2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 7)
8 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2024 4,596 70,082 10,639 85,317
Additions 2,395 7,379 - 9,774
Disposals - (7,300 ) - (7,300 )
As at 28 February 2025 6,991 70,161 10,639 87,791
Depreciation
As at 1 March 2024 3,428 70,082 10,065 83,575
Provided during the period 1,141 1,845 331 3,317
Disposals - (7,300 ) - (7,300 )
As at 28 February 2025 4,569 64,627 10,396 79,592
Net Book Value
As at 28 February 2025 2,422 5,534 243 8,199
As at 1 March 2024 1,168 - 574 1,742
5. Stocks
2025 2024
£ £
Finished goods 4,500 4,500
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,800 32,741
Other debtors 10,351 10,022
27,151 42,763
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,844 -
Trade creditors 10,147 20,512
Bank loans and overdrafts 6,000 6,000
Other creditors 17,999 12,371
Taxation and social security 17,056 25,939
54,046 64,822
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,557 -
Bank loans 2,000 8,000
3,557 8,000
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,844 -
Later than one year and not later than five years 1,557 -
4,401 -
4,401 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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