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 03198371 Mr Luke Jay Mrs Christine Slater Mr John Slater iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03198371 2023-10-31 03198371 2024-10-31 03198371 2023-11-01 2024-10-31 03198371 frs-core:CurrentFinancialInstruments 2024-10-31 03198371 frs-core:Non-currentFinancialInstruments 2024-10-31 03198371 frs-core:BetweenOneFiveYears 2024-10-31 03198371 frs-core:ComputerEquipment 2024-10-31 03198371 frs-core:ComputerEquipment 2023-11-01 2024-10-31 03198371 frs-core:ComputerEquipment 2023-10-31 03198371 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 03198371 frs-core:FurnitureFittings 2024-10-31 03198371 frs-core:FurnitureFittings 2023-11-01 2024-10-31 03198371 frs-core:FurnitureFittings 2023-10-31 03198371 frs-core:MotorVehicles 2024-10-31 03198371 frs-core:MotorVehicles 2023-11-01 2024-10-31 03198371 frs-core:MotorVehicles 2023-10-31 03198371 frs-core:OtherResidualIntangibleAssets 2024-10-31 03198371 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 03198371 frs-core:OtherResidualIntangibleAssets 2023-10-31 03198371 frs-core:PlantMachinery 2024-10-31 03198371 frs-core:PlantMachinery 2023-11-01 2024-10-31 03198371 frs-core:PlantMachinery 2023-10-31 03198371 frs-core:WithinOneYear 2024-10-31 03198371 frs-core:ShareCapital 2024-10-31 03198371 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03198371 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03198371 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03198371 frs-bus:SmallEntities 2023-11-01 2024-10-31 03198371 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03198371 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03198371 frs-bus:Director1 2023-11-01 2024-10-31 03198371 frs-bus:Director2 2023-11-01 2024-10-31 03198371 frs-bus:Director3 2023-11-01 2024-10-31 03198371 frs-countries:EnglandWales 2023-11-01 2024-10-31 03198371 2022-10-31 03198371 2023-10-31 03198371 2022-11-01 2023-10-31 03198371 frs-core:CurrentFinancialInstruments 2023-10-31 03198371 frs-core:Non-currentFinancialInstruments 2023-10-31 03198371 frs-core:BetweenOneFiveYears 2023-10-31 03198371 frs-core:WithinOneYear 2023-10-31 03198371 frs-core:ShareCapital 2023-10-31 03198371 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03198371
Home Front 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: 03198371
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 54,066 -
Tangible Assets 5 106,200 43,617
160,266 43,617
CURRENT ASSETS
Stocks 6 365,767 223,697
Debtors 7 58,043 67,712
Cash at bank and in hand 15,090 6,687
438,900 298,096
Creditors: Amounts Falling Due Within One Year 8 (236,441 ) (78,022 )
NET CURRENT ASSETS (LIABILITIES) 202,459 220,074
TOTAL ASSETS LESS CURRENT LIABILITIES 362,725 263,691
Creditors: Amounts Falling Due After More Than One Year 9 (216,037 ) (113,415 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,550 ) (10,905 )
NET ASSETS 120,138 139,371
CAPITAL AND RESERVES
Called up share capital 11 150 150
Profit and Loss Account 119,988 139,221
SHAREHOLDERS' FUNDS 120,138 139,371
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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 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 Luke Jay
Director
21/07/2025
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
Home Front Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03198371 . The registered office is Oakley Business Park Dinton Road, Wylye, Salisbury, Wiltshire, SP3 5EU.
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 - Other Intangible
Other intangible assets are website development. It is amortised to profit and loss account over its estimated economic life of 5 years.
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 reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 7)
10 7
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 -
Additions 67,583
As at 31 October 2024 67,583
Amortisation
As at 1 November 2023 -
Provided during the period 13,517
As at 31 October 2024 13,517
Net Book Value
As at 31 October 2024 54,066
As at 1 November 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 18,249 85,491 19,274 - 123,014
Additions - 85,832 4,807 7,343 97,982
As at 31 October 2024 18,249 171,323 24,081 7,343 220,996
Depreciation
As at 1 November 2023 13,123 54,280 11,994 - 79,397
Provided during the period 1,281 29,260 3,022 1,836 35,399
As at 31 October 2024 14,404 83,540 15,016 1,836 114,796
Net Book Value
As at 31 October 2024 3,845 87,783 9,065 5,507 106,200
As at 1 November 2023 5,126 31,211 7,280 - 43,617
6. Stocks
2024 2023
£ £
Stock 365,767 223,697
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,484 66,104
Other debtors - 949
Deferred tax current asset 3,559 659
58,043 67,712
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,382 21,566
Trade creditors 34,358 -
Bank loans and overdrafts 97,779 15,451
Other taxes and social security 39,602 30,435
Other creditors 13,107 9,747
Directors' loan accounts 13,213 823
236,441 78,022
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 66,960 27,828
Bank loans 149,077 85,587
216,037 113,415
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 38,382 23,551
Later than one year and not later than five years 51,761 15,650
90,143 39,201
Less: Finance charges allocated to future periods (15,199 ) (10,193 )
105,342 49,394
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
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