Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06033222 Mr Terry Perkins Mr Terry Perkins T Perkins and G Perkins true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06033222 2023-12-31 06033222 2024-12-31 06033222 2024-01-01 2024-12-31 06033222 frs-core:CurrentFinancialInstruments 2024-12-31 06033222 frs-core:Non-currentFinancialInstruments 2024-12-31 06033222 frs-core:BetweenOneFiveYears 2024-12-31 06033222 frs-core:ComputerEquipment 2024-12-31 06033222 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06033222 frs-core:ComputerEquipment 2023-12-31 06033222 frs-core:FurnitureFittings 2024-12-31 06033222 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06033222 frs-core:FurnitureFittings 2023-12-31 06033222 frs-core:MotorVehicles 2024-12-31 06033222 frs-core:MotorVehicles 2024-01-01 2024-12-31 06033222 frs-core:MotorVehicles 2023-12-31 06033222 frs-core:PlantMachinery 2024-12-31 06033222 frs-core:PlantMachinery 2024-01-01 2024-12-31 06033222 frs-core:PlantMachinery 2023-12-31 06033222 frs-core:WithinOneYear 2024-12-31 06033222 frs-core:CapitalRedemptionReserve 2024-12-31 06033222 frs-core:ShareCapital 2024-12-31 06033222 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06033222 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06033222 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06033222 frs-bus:SmallEntities 2024-01-01 2024-12-31 06033222 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06033222 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06033222 1 2024-01-01 2024-12-31 06033222 frs-bus:Director1 2024-01-01 2024-12-31 06033222 frs-bus:Director1 2023-12-31 06033222 frs-bus:Director1 2024-12-31 06033222 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06033222 frs-core:CurrentFinancialInstruments 2 2024-12-31 06033222 frs-core:CurrentFinancialInstruments 9 2024-12-31 06033222 frs-countries:EnglandWales 2024-01-01 2024-12-31 06033222 2022-12-31 06033222 2023-12-31 06033222 2023-01-01 2023-12-31 06033222 frs-core:CurrentFinancialInstruments 2023-12-31 06033222 frs-core:Non-currentFinancialInstruments 2023-12-31 06033222 frs-core:BetweenOneFiveYears 2023-12-31 06033222 frs-core:WithinOneYear 2023-12-31 06033222 frs-core:CapitalRedemptionReserve 2023-12-31 06033222 frs-core:ShareCapital 2023-12-31 06033222 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06033222 frs-core:CurrentFinancialInstruments 2 2023-12-31 06033222 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: 06033222
London Hearts Aerial Services Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
UCS Accountants
Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06033222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 92,979 116,197
92,979 116,197
CURRENT ASSETS
Stocks 5 680 490
Debtors 6 117,515 170,756
Cash at bank and in hand 113,977 226,619
232,172 397,865
Creditors: Amounts Falling Due Within One Year 7 (154,109 ) (215,502 )
NET CURRENT ASSETS (LIABILITIES) 78,063 182,363
TOTAL ASSETS LESS CURRENT LIABILITIES 171,042 298,560
Creditors: Amounts Falling Due After More Than One Year 8 (25,999 ) (48,858 )
NET ASSETS 145,043 249,702
CAPITAL AND RESERVES
Called up share capital 10 5 6
Capital redemption reserve 1 -
Profit and Loss Account 145,037 249,696
SHAREHOLDERS' FUNDS 145,043 249,702
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For the year ending 31 December 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 Terry Perkins
Director
5 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
London Hearts Aerial Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06033222 . The registered office is 120 Ware Road, Hoddesdon, EN11 9EU.
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, excluding discounts, rebates,
value added tax and other sales taxes. 
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% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on reducing balance
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 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.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash and other consideration, expected to be paid or received.
However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the
present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
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2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Hire Purchase and Leasing Commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
3. Average Number of Employees
9Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 113,664 98,323 27,690 11,336 251,013
As at 31 December 2024 113,664 98,323 27,690 11,336 251,013
Depreciation
As at 1 January 2024 56,346 45,156 23,032 10,282 134,816
Provided during the period 11,464 10,611 932 211 23,218
As at 31 December 2024 67,810 55,767 23,964 10,493 158,034
Net Book Value
As at 31 December 2024 45,854 42,556 3,726 843 92,979
As at 1 January 2024 57,318 53,167 4,658 1,054 116,197
5. Stocks
2024 2023
£ £
Stock 680 490
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 880 56,212
Other debtors 116,635 114,544
117,515 170,756
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,619 12,618
Trade creditors 8,519 35,344
Bank loans and overdrafts 10,125 9,885
Corporation tax 110,395 146,536
Other taxes and social security 5,873 5,681
Pension Liability 34 38
Accrued expenses 6,544 5,400
154,109 215,502
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,202 34,819
Bank loans 3,797 14,039
25,999 48,858
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,349 16,349
Later than one year and not later than five years 29,809 46,157
46,158 62,506
Less: Finance charges allocated to future periods 11,337 15,069
34,821 47,437
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 6
During the year ended 31 December 2024, the Company repurchased 1 Ordinary “A”  Share from an existing shareholder for a total consideration of £135,000.
The repurchased share was subsequently transferred to Capital Redemption, reducing the number of issued Ordinary “A”  Shares from 2 to 1. The share had a nominal value of £1.00, and the excess of the buyback price over the nominal value has been charged to retained earnings.
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Terry Perkins 73,531 - - - 73,531
The above loan is unsecured and repayable on demand.
12. Ultimate Controlling Party
The company's ultimate controlling party is T Perkins and G Perkins by virtue of their ownership of 100% of the issued share capital in the company.
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