Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09002492 Mr Matthew Barber Mr Thomas Barber Mr Matthew Barber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09002492 2023-10-31 09002492 2024-10-31 09002492 2023-11-01 2024-10-31 09002492 frs-core:CurrentFinancialInstruments 2024-10-31 09002492 frs-core:Non-currentFinancialInstruments 2024-10-31 09002492 frs-core:BetweenOneFiveYears 2024-10-31 09002492 frs-core:FurnitureFittings 2024-10-31 09002492 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09002492 frs-core:FurnitureFittings 2023-10-31 09002492 frs-core:MotorVehicles 2024-10-31 09002492 frs-core:MotorVehicles 2023-11-01 2024-10-31 09002492 frs-core:MotorVehicles 2023-10-31 09002492 frs-core:PlantMachinery 2024-10-31 09002492 frs-core:PlantMachinery 2023-11-01 2024-10-31 09002492 frs-core:PlantMachinery 2023-10-31 09002492 frs-core:WithinOneYear 2024-10-31 09002492 frs-core:RevaluationReserve 2023-10-31 09002492 frs-core:RevaluationReserve 2024-10-31 09002492 frs-core:ShareCapital 2024-10-31 09002492 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09002492 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09002492 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09002492 frs-bus:SmallEntities 2023-11-01 2024-10-31 09002492 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09002492 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09002492 frs-bus:Director1 2023-11-01 2024-10-31 09002492 frs-bus:Director2 2023-11-01 2024-10-31 09002492 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 09002492 frs-countries:EnglandWales 2023-11-01 2024-10-31 09002492 2022-10-31 09002492 2023-10-31 09002492 2022-11-01 2023-10-31 09002492 frs-core:CurrentFinancialInstruments 2023-10-31 09002492 frs-core:Non-currentFinancialInstruments 2023-10-31 09002492 frs-core:BetweenOneFiveYears 2023-10-31 09002492 frs-core:WithinOneYear 2023-10-31 09002492 frs-core:RevaluationReserve 2023-10-31 09002492 frs-core:ShareCapital 2023-10-31 09002492 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09002492
Kent Hire Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09002492
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 237,348 149,661
237,348 149,661
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 5,474 2,303
Cash at bank and in hand 11,779 4,986
18,753 8,789
Creditors: Amounts Falling Due Within One Year 7 (128,242 ) (108,166 )
NET CURRENT ASSETS (LIABILITIES) (109,489 ) (99,377 )
TOTAL ASSETS LESS CURRENT LIABILITIES 127,859 50,284
Creditors: Amounts Falling Due After More Than One Year 8 (89,071 ) (42,300 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,096 ) (28,436 )
NET LIABILITIES (6,308 ) (20,452 )
CAPITAL AND RESERVES
Called up share capital 10 4 4
Revaluation reserve 11 800 800
Profit and Loss Account (7,112 ) (21,256 )
SHAREHOLDERS' FUNDS (6,308) (20,452)
Page 1
Page 2
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 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 Matthew Barber
Director
Mr Thomas Barber
Director
23rd July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kent Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09002492 . The registered office is Cube Plumbing & Heating Ltd, Unit 1, M2M Park, Maidstone Road, Rochester, Kent, ME1 3RX.
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. Going Concern Disclosure
The accounts have been prepared on a going concern basis. This basis may not be appropriate because the company has, at 31 October 2024, net liabilities of £5,858 (2023: £20,452). The validity of the going concern basis is dependent upon the continued support of the directors.
2.3. 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.
2.4. 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:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
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 the 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.
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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Debtors
Short term debtors are measured at transaction price, less any impairment. 
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial instruments.
2.10. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 328,634 58,431 3,524 390,589
Additions 201,660 - 4,060 205,720
Disposals (101,077 ) - - (101,077 )
As at 31 October 2024 429,217 58,431 7,584 495,232
Depreciation
As at 1 November 2023 206,430 32,193 2,305 240,928
Provided during the period 70,398 13,983 1,325 85,706
Disposals (68,750 ) - - (68,750 )
As at 31 October 2024 208,078 46,176 3,630 257,884
Net Book Value
As at 31 October 2024 221,139 12,255 3,954 237,348
As at 1 November 2023 122,204 26,238 1,219 149,661
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.
The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the income statement.
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 1,500 1,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,474 -
Other debtors - 2,303
5,474 2,303
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,408 48,607
Trade creditors 26,637 13,731
Bank loans and overdrafts 42,996 2,500
Other creditors 15,091 30,397
Taxation and social security 7,110 12,931
128,242 108,166
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 82,064 33,967
Bank loans 7,007 8,333
89,071 42,300
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 36,408 48,607
Later than one year and not later than five years 82,064 33,967
118,472 82,574
118,472 82,574
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5
Page 6
11. Reserves
Revaluation Reserve
£
As at 1 November 2023 800
As at 31 October 2024 800
Page 6