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 NI040006 Mr Hampton George Hewitt Mrs Sharon Carol Hewitt Mrs Sharon Carol Hewitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI040006 2024-01-31 NI040006 2025-01-31 NI040006 2024-02-01 2025-01-31 NI040006 frs-core:CurrentFinancialInstruments 2025-01-31 NI040006 frs-core:Non-currentFinancialInstruments 2025-01-31 NI040006 frs-core:BetweenOneFiveYears 2025-01-31 NI040006 frs-core:ComputerEquipment 2025-01-31 NI040006 frs-core:ComputerEquipment 2024-02-01 2025-01-31 NI040006 frs-core:ComputerEquipment 2024-01-31 NI040006 frs-core:FurnitureFittings 2025-01-31 NI040006 frs-core:FurnitureFittings 2024-02-01 2025-01-31 NI040006 frs-core:FurnitureFittings 2024-01-31 NI040006 frs-core:NetGoodwill 2025-01-31 NI040006 frs-core:NetGoodwill 2024-02-01 2025-01-31 NI040006 frs-core:NetGoodwill 2024-01-31 NI040006 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 NI040006 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 NI040006 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 NI040006 frs-core:PlantMachinery 2025-01-31 NI040006 frs-core:PlantMachinery 2024-02-01 2025-01-31 NI040006 frs-core:PlantMachinery 2024-01-31 NI040006 frs-core:WithinOneYear 2025-01-31 NI040006 frs-core:ShareCapital 2025-01-31 NI040006 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 NI040006 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 NI040006 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 NI040006 frs-bus:SmallEntities 2024-02-01 2025-01-31 NI040006 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 NI040006 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 NI040006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-01 2025-01-31 NI040006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 NI040006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 NI040006 frs-core:CostValuation 2024-01-31 NI040006 frs-core:AdditionsToInvestments 2025-01-31 NI040006 frs-core:DisposalsRepaymentsInvestments 2025-01-31 NI040006 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2025-01-31 NI040006 frs-core:CostValuation 2025-01-31 NI040006 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 NI040006 frs-core:ProvisionsForImpairmentInvestments 2025-01-31 NI040006 frs-core:ListedExchangeTraded 2025-01-31 NI040006 frs-core:ListedExchangeTraded 2024-01-31 NI040006 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-01-31 NI040006 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-01-31 NI040006 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-01-31 NI040006 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2025-01-31 NI040006 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-01-31 NI040006 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-01-31 NI040006 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-01-31 NI040006 frs-core:UnlistedNon-exchangeTraded 2025-01-31 NI040006 frs-core:UnlistedNon-exchangeTraded 2024-01-31 NI040006 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 NI040006 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 NI040006 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 NI040006 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 NI040006 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-01-31 NI040006 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 NI040006 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 NI040006 frs-bus:Director1 2024-02-01 2025-01-31 NI040006 frs-bus:Director2 2024-02-01 2025-01-31 NI040006 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 NI040006 frs-countries:NorthernIreland 2024-02-01 2025-01-31 NI040006 2023-01-31 NI040006 2024-01-31 NI040006 2023-02-01 2024-01-31 NI040006 frs-core:CurrentFinancialInstruments 2024-01-31 NI040006 frs-core:Non-currentFinancialInstruments 2024-01-31 NI040006 frs-core:BetweenOneFiveYears 2024-01-31 NI040006 frs-core:WithinOneYear 2024-01-31 NI040006 frs-core:ShareCapital 2024-01-31 NI040006 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI040006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31
Registered number: NI040006
Markethill Livestock & Farm Sales Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: NI040006
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,859,802 2,861,425
Investments 6 104,193 79,662
2,963,995 2,941,087
CURRENT ASSETS
Stocks 7 4,400 8,051
Debtors 8 3,946,338 3,610,277
Cash at bank and in hand 140 54
3,950,878 3,618,382
Creditors: Amounts Falling Due Within One Year 9 (3,453,850 ) (3,092,417 )
NET CURRENT ASSETS (LIABILITIES) 497,028 525,965
TOTAL ASSETS LESS CURRENT LIABILITIES 3,461,023 3,467,052
Creditors: Amounts Falling Due After More Than One Year 10 (712,399 ) (857,735 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (52,940 ) (63,277 )
NET ASSETS 2,695,684 2,546,040
CAPITAL AND RESERVES
Called up share capital 13 10,000 10,000
Fair value reserve 15 7,535 1,238
Profit and Loss Account 2,678,149 2,534,802
SHAREHOLDERS' FUNDS 2,695,684 2,546,040
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 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 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 Hampton George Hewitt
Director
12 June 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Markethill Livestock & Farm Sales Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI040006 . The registered office is Quaker Buildings, High Street, Lurgan, Co. Armagh, BT66 8BB.
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 has been fully amortised.
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 25% on reducing balance, 2% on cost and nil
Plant & Machinery 25%, 15% and 10% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on reducing balance
No depreciation has been charged on Freehold Land.
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.
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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 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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 43 (2024: 44)
43 44
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 100,000
As at 31 January 2025 100,000
Amortisation
As at 1 February 2024 100,000
As at 31 January 2025 100,000
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 -
Page 4
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 2,860,385 878,480 11,273 112,009 3,862,147
Additions 63,452 11,237 1,922 3,664 80,275
Disposals - (16,799 ) - - (16,799 )
As at 31 January 2025 2,923,837 872,918 13,195 115,673 3,925,623
Depreciation
As at 1 February 2024 276,435 629,356 1,931 93,000 1,000,722
Provided during the period 27,048 43,284 1,690 5,115 77,137
Disposals - (12,038 ) - - (12,038 )
As at 31 January 2025 303,483 660,602 3,621 98,115 1,065,821
Net Book Value
As at 31 January 2025 2,620,354 212,316 9,574 17,558 2,859,802
As at 1 February 2024 2,583,950 249,124 9,342 19,009 2,861,425
6. Investments
Subsidiaries Listed Unlisted Total
£ £ £ £
Cost
As at 1 February 2024 100 79,562 - 79,662
Additions - 17,092 1,500 18,592
Disposals - (358 ) - (358 )
Fair value adjustments - 6,297 - 6,297
As at 31 January 2025 100 102,593 1,500 104,193
Provision
As at 1 February 2024 - - - -
As at 31 January 2025 - - - -
Net Book Value
As at 31 January 2025 100 102,593 1,500 104,193
As at 1 February 2024 100 79,562 - 79,662
7. Stocks
2025 2024
£ £
Stock 4,400 8,051
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8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,682,374 3,363,255
Amounts owed by group undertakings 4,815 14,815
Other debtors 259,149 232,207
3,946,338 3,610,277
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,958 8,105
Trade creditors 644,502 673,888
Bank loans and overdrafts 2,507,970 2,169,344
Other creditors 160,760 123,795
Taxation and social security 134,660 117,285
3,453,850 3,092,417
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,868 18,826
Bank loans 391,296 520,096
Other creditors 308,235 318,813
712,399 857,735
11. Secured Creditors
Of the creditors the amounts noted below are secured.
Danske Bank hold a Charge over all Book Debts and a Floating Charge over all Property of the Company. Danske Bank also holds a fixed charge over 25 Acres of Land at Bryandrum Road, Markethill, Co Armagh and a fixed charge over 15 Acres of Land at Dobbin Road, Portadown, Co Armagh.
2025 2024
£ £
Bank loans and overdrafts 3,899,266 2,689,440
12. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,958 8,105
Later than one year and not later than five years 12,868 18,826
18,826 26,931
18,826 26,931
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13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
At start of period
£
Amounts advanced 
£
Amounts repaid £
Amounts written off 
£
At end of period 
£
Mr H & Mrs S Hewitt
88,205
-
-
-
88,205
Mr H & Mrs S Hewitt
29,640
-
(29,640)
-
-
Mr H & Mrs S Hewitt
-
81,908
(5,360)
-
76,548
Loan balances are repayable on demand. The interest rate applied is the official rate for beneficial loan arrangements. 
15. Reserves
Fair Value Reserve
£
As at 1 February 2024 1,238
Transfer (to)/from profit and loss 6,297
As at 31 January 2025 7,535
16. Related Party Transactions
Total dividends of £35,000 were paid to the directors during the year.
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