Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC385634 Philip Hitchcock Philip Hitchcock true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC385634 2023-10-31 SC385634 2024-10-31 SC385634 2023-11-01 2024-10-31 SC385634 frs-core:CurrentFinancialInstruments 2024-10-31 SC385634 frs-core:Non-currentFinancialInstruments 2024-10-31 SC385634 frs-core:ComputerEquipment 2024-10-31 SC385634 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC385634 frs-core:ComputerEquipment 2023-10-31 SC385634 frs-core:PlantMachinery 2024-10-31 SC385634 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC385634 frs-core:PlantMachinery 2023-10-31 SC385634 frs-core:ShareCapital 2024-10-31 SC385634 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC385634 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC385634 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC385634 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC385634 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC385634 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC385634 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 SC385634 frs-bus:OrdinaryShareClass1 2024-10-31 SC385634 1 2023-11-01 2024-10-31 SC385634 frs-bus:Director1 2023-11-01 2024-10-31 SC385634 frs-countries:EnglandWales 2023-11-01 2024-10-31 SC385634 2022-10-31 SC385634 2023-10-31 SC385634 2022-11-01 2023-10-31 SC385634 frs-core:CurrentFinancialInstruments 2023-10-31 SC385634 frs-core:Non-currentFinancialInstruments 2023-10-31 SC385634 frs-core:ShareCapital 2023-10-31 SC385634 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC385634 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31
Registered number: SC385634
Philip Hitchcock Furniture Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Director Philip Hitchcock
Company Number SC385634
Registered Office Greenside
Midlem
Selkirk
Selkirkshire
TD7 4QD
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Philip Hitchcock Furniture Ltd For The Year Ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Philip Hitchcock Furniture Ltd For The Year Ended 31 October 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Philip Hitchcock Furniture Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Philip Hitchcock Furniture Ltd and state those matters that we have agreed to state to the director of Philip Hitchcock Furniture Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip Hitchcock Furniture Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Philip Hitchcock Furniture 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 Philip Hitchcock Furniture Ltd . You consider that Philip Hitchcock Furniture Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Philip Hitchcock Furniture 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.
11/07/2025
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 2
Page 3
Statement of Financial Position
Registered number: SC385634
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 759 -
759 -
CURRENT ASSETS
Debtors 5 3,459 229
Cash at bank and in hand 1,030 6,767
4,489 6,996
Creditors: Amounts Falling Due Within One Year 6 (5,237 ) (362 )
NET CURRENT ASSETS (LIABILITIES) (748 ) 6,634
TOTAL ASSETS LESS CURRENT LIABILITIES 11 6,634
Creditors: Amounts Falling Due After More Than One Year 7 - (6,620 )
NET ASSETS 11 14
CAPITAL AND RESERVES
Called up share capital 8 10 10
Income Statement 1 4
SHAREHOLDERS' FUNDS 11 14
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For the year ending 31 October 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 Income Statement.
On behalf of the board
Philip Hitchcock
Director
11/07/2025
The notes on pages 5 to 8 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Philip Hitchcock Furniture Ltd is a private company, limited by shares, incorporated in England & Wales, registered number SC385634 . The registered office is Greenside, Midlem, Selkirk, Selkirkshire, TD7 4QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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.
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 20% straight line
Computer Equipment 25% straight line
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
...CONTINUED
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2.4. Financial Instruments - continued
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 - - -
Additions 450 470 920
As at 31 October 2024 450 470 920
Depreciation
As at 1 November 2023 - - -
Provided during the period 83 78 161
As at 31 October 2024 83 78 161
Net Book Value
As at 31 October 2024 367 392 759
As at 1 November 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 219
Other debtors 10 10
Director's loan account 3,449 -
3,459 229
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,958 81
Other taxes and social security 279 281
5,237 362
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account - 6,620
Page 7
Page 8
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
9. Ultimate Controlling Party
The company's ultimate controlling party is Philip Hitchcock by virtue of his ownership of 100% of the issued share capital in the company.
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