Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10489710 Mrs Shona Hall Mr Martyn Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10489710 2023-11-30 10489710 2024-11-30 10489710 2023-12-01 2024-11-30 10489710 frs-core:CurrentFinancialInstruments 2024-11-30 10489710 frs-core:Non-currentFinancialInstruments 2024-11-30 10489710 frs-core:BetweenOneFiveYears 2024-11-30 10489710 frs-core:ComputerEquipment 2024-11-30 10489710 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10489710 frs-core:ComputerEquipment 2023-11-30 10489710 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-01 2024-11-30 10489710 frs-core:FurnitureFittings 2024-11-30 10489710 frs-core:FurnitureFittings 2023-12-01 2024-11-30 10489710 frs-core:FurnitureFittings 2023-11-30 10489710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 10489710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 10489710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10489710 frs-core:MotorVehicles 2024-11-30 10489710 frs-core:MotorVehicles 2023-12-01 2024-11-30 10489710 frs-core:MotorVehicles 2023-11-30 10489710 frs-core:OtherResidualIntangibleAssets 2024-11-30 10489710 frs-core:OtherResidualIntangibleAssets 2023-12-01 2024-11-30 10489710 frs-core:OtherResidualIntangibleAssets 2023-11-30 10489710 frs-core:PlantMachinery 2024-11-30 10489710 frs-core:PlantMachinery 2023-12-01 2024-11-30 10489710 frs-core:PlantMachinery 2023-11-30 10489710 frs-core:WithinOneYear 2024-11-30 10489710 frs-core:ShareCapital 2024-11-30 10489710 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10489710 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10489710 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10489710 frs-bus:SmallEntities 2023-12-01 2024-11-30 10489710 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10489710 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10489710 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-01 2024-11-30 10489710 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 10489710 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-11-30 10489710 frs-bus:Director1 2023-12-01 2024-11-30 10489710 frs-bus:Director2 2023-12-01 2024-11-30 10489710 frs-countries:EnglandWales 2023-12-01 2024-11-30 10489710 2022-11-30 10489710 2023-11-30 10489710 2022-12-01 2023-11-30 10489710 frs-core:CurrentFinancialInstruments 2023-11-30 10489710 frs-core:Non-currentFinancialInstruments 2023-11-30 10489710 frs-core:BetweenOneFiveYears 2023-11-30 10489710 frs-core:WithinOneYear 2023-11-30 10489710 frs-core:ShareCapital 2023-11-30 10489710 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10489710 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 10489710 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 10489710
Hall Agriculture Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10489710
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 385 -
Tangible Assets 5 1,940,602 1,352,091
1,940,987 1,352,091
CURRENT ASSETS
Stocks 6 314,777 381,731
Debtors 7 194,361 188,373
509,138 570,104
Creditors: Amounts Falling Due Within One Year 8 (702,540 ) (595,287 )
NET CURRENT ASSETS (LIABILITIES) (193,402 ) (25,183 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,747,585 1,326,908
Creditors: Amounts Falling Due After More Than One Year 9 (802,505 ) (546,351 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (399,972 ) (289,344 )
NET ASSETS 545,108 491,213
CAPITAL AND RESERVES
Called up share capital 12 102 102
Fair value reserve 13 182,250 141,750
Profit and Loss Account 362,756 349,361
SHAREHOLDERS' FUNDS 545,108 491,213
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For the year ending 30 November 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 Martyn Hall
Director
13/08/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hall Agriculture Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10489710 . The registered office is Hall Farm, Hamerton, Huntingdon, Cambridgeshire, PE28 5QX.
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 amortised to profit and loss account over their estimated economic life of 4 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:
Freehold Not depreciated
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
Framed steel building included in Freehold. Depreciaton - 2% straight line method.
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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 5)
8 5
4. Intangible Assets
Other
£
Cost
As at 1 December 2023 5,602
Additions 513
As at 30 November 2024 6,115
Amortisation
As at 1 December 2023 5,602
Provided during the period 128
As at 30 November 2024 5,730
Net Book Value
As at 30 November 2024 385
As at 1 December 2023 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 289,747 1,225,028 285,722 22,857
Additions 490,628 383,942 121,235 16,577
Disposals - (225,730 ) (4,825 ) -
As at 30 November 2024 780,375 1,383,240 402,132 39,434
Depreciation
As at 1 December 2023 - 425,864 34,494 10,905
Provided during the period 250 206,240 68,435 5,706
Disposals - (83,323 ) (2,436 ) -
As at 30 November 2024 250 548,781 100,493 16,611
Net Book Value
As at 30 November 2024 780,125 834,459 301,639 22,823
As at 1 December 2023 289,747 799,164 251,228 11,952
Computer Equipment Total
£ £
Cost
As at 1 December 2023 - 1,823,354
Additions 1,945 1,014,327
Disposals - (230,555 )
As at 30 November 2024 1,945 2,607,126
Depreciation
As at 1 December 2023 - 471,263
Provided during the period 389 281,020
Disposals - (85,759 )
As at 30 November 2024 389 666,524
Net Book Value
As at 30 November 2024 1,556 1,940,602
As at 1 December 2023 - 1,352,091
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Cost or valuation as at 30 November 2024 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
At cost 780,375 1,383,240 402,132 39,434
780,375 1,383,240 402,132 39,434
Computer Equipment Total
£ £
At cost 1,945 2,607,126
1,945 2,607,126
Freehold land & property are measured using the revaluation model. This is carried at its revalued amount, being its fair value at the date of valuation less any subsequent accumulated depreciation and impairment losses.
6. Stocks
2024 2023
£ £
Materials 314,777 381,731
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 146,470 102,245
Other debtors 47,891 67,815
Corporation tax debtors - 18,313
194,361 188,373
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 216,213 177,784
Trade creditors 107,482 101,514
Bank loans and overdrafts 92,964 49,798
Other taxes and social security 43,097 3,101
Other creditors 242,784 263,090
702,540 595,287
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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 440,770 457,624
Bank loans 361,735 88,727
802,505 546,351
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured on the assets to which they relate.
The company has an overdraft facility with HSBC bank of up to £150,000, which is secured by a fixed and floating charge over all assets. At the balance sheet date £25,640 (2023: £9,171) of this facility was drawn. This charge is registered at Companies House and remains in place at the year-end.
At the balance sheet date, the company had a bank loan of £87,138 (2023: £89,094) secured by a fixed charge over the company’s freehold property known as Farm Yard, Hamerton, Huntingdon. This charge is registered at Companies House and remains in place at the year-end.
The company has entered into a bank loan agreement for £311,250 which is secured by a fixed charge over the company’s freehold property known as Steam House Farm, Crowland, Peterborough. The fixed charge is registered at Companies House under charge number 1048 9710 0003. At the balance sheet date £310,866 of the loan is outstanding.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 656,983 635,408
Bank loans and overdrafts 454,700 138,525
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 216,213 177,784
Later than one year and not later than five years 440,770 457,624
656,983 635,408
656,983 635,408
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
13. Reserves
Fair Value Reserve
£
As at 1 December 2023 141,750
Transfer to profit and loss 40,500
As at 30 November 2024 182,250
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