Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 2 July 2025 1 January 2024 31 December 2024 31 December 2024 NI042539 Mr Christopher O'Connor Mr Seamus Hurson Mr Alan Cassidy Mr Alan Cassidy Mr Christopher Francis O'Connor and Mrs Patricia O'Connor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI042539 2023-12-31 NI042539 2024-12-31 NI042539 2024-01-01 2024-12-31 NI042539 frs-core:CurrentFinancialInstruments 2024-12-31 NI042539 frs-core:Non-currentFinancialInstruments 2024-12-31 NI042539 frs-core:BetweenOneFiveYears 2024-12-31 NI042539 frs-core:MotorVehicles 2024-12-31 NI042539 frs-core:MotorVehicles 2024-01-01 2024-12-31 NI042539 frs-core:MotorVehicles 2023-12-31 NI042539 frs-core:PlantMachinery 2024-12-31 NI042539 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI042539 frs-core:PlantMachinery 2023-12-31 NI042539 frs-core:WithinOneYear 2024-12-31 NI042539 frs-core:ShareCapital 2024-12-31 NI042539 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI042539 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI042539 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI042539 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI042539 frs-bus:Audited 2024-01-01 2024-12-31 NI042539 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI042539 1 2024-01-01 2024-12-31 NI042539 frs-bus:Director1 2024-01-01 2024-12-31 NI042539 frs-bus:Director2 2024-01-01 2024-12-31 NI042539 frs-bus:Director3 2024-01-01 2024-12-31 NI042539 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 NI042539 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI042539 2022-12-31 NI042539 2023-12-31 NI042539 2023-01-01 2023-12-31 NI042539 frs-core:CurrentFinancialInstruments 2023-12-31 NI042539 frs-core:Non-currentFinancialInstruments 2023-12-31 NI042539 frs-core:BetweenOneFiveYears 2023-12-31 NI042539 frs-core:WithinOneYear 2023-12-31 NI042539 frs-core:ShareCapital 2023-12-31 NI042539 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI042539
Henley Forklift Group (N.I.) Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: NI042539
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 92,010 99,360
92,010 99,360
CURRENT ASSETS
Stocks 5 23,500 -
Debtors 6 398,505 332,552
Cash at bank and in hand 126,310 124,837
548,315 457,389
Creditors: Amounts Falling Due Within One Year 7 (385,626 ) (309,423 )
NET CURRENT ASSETS (LIABILITIES) 162,689 147,966
TOTAL ASSETS LESS CURRENT LIABILITIES 254,699 247,326
Creditors: Amounts Falling Due After More Than One Year 8 (25,861 ) (60,341 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,322 ) (12,028 )
NET ASSETS 209,516 174,957
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 209,514 174,955
SHAREHOLDERS' FUNDS 209,516 174,957
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 Christopher O'Connor
Director
2 July 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Henley Forklift Group (N.I.) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI042539 . The registered office is Garvey Studios, 14 Longstone Street, Lisburn, Co. Antrim, BT28 1TP.
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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.
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 cost
Motor Vehicles 25% on cost
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 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
...CONTINUED
Page 2
Page 3
2.7. Taxation - continued
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: 8 (2023: 7)
8 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 28,030 160,442 188,472
Additions - 25,058 25,058
Disposals (28,030 ) (15,676 ) (43,706 )
As at 31 December 2024 - 169,824 169,824
Depreciation
As at 1 January 2024 28,030 61,082 89,112
Provided during the period - 32,408 32,408
Disposals (28,030 ) (15,676 ) (43,706 )
As at 31 December 2024 - 77,814 77,814
Net Book Value
As at 31 December 2024 - 92,010 92,010
As at 1 January 2024 - 99,360 99,360
5. Stocks
2024 2023
£ £
Stock 23,500 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 94,858 81,624
Amounts owed by group undertakings 296,282 242,120
Other debtors 7,365 8,808
398,505 332,552
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,199 29,376
Trade creditors 16,308 49,372
Amounts owed to group undertakings 251,394 197,371
Other creditors 46,790 10,731
Taxation and social security 37,935 22,573
385,626 309,423
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,861 60,341
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 59,060 89,717
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,199 29,376
Later than one year and not later than five years 25,861 60,341
59,060 89,717
59,060 89,717
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Related Party Transactions
During the year £228,923 of purchases were made from Henley Forklift Group Limited. At 31 December 2024 £296,280 was owed by Henley Forklift Group Limited.
During the year £95,826 of purchases were made from Henley Hire Services Limited. At 31 December 2024 £171,394 was owed to Henley Hire Services Limited.
Also included in amounts owed to group undertakings is a loan of £80,000 payable to Henley Group Limited.
These 3 companies, along with Henley Forklift Group (N.I.) Ltd, are under common control.
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 4
Page 5
14. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Henley Group Limited . Henley Group Limited was incorporated in the Republic of Ireland and the registered office address is Henley Industrial Park, Killeen Road, Dublin 10, Ireland. The ultimate controlling parties are Mr Christopher Francis O'Connor and Mrs Patricia O'Connor who control 100% of the shares of Henley Forklift Group (N.I.) Ltd .
15. Audit Information
The auditor's report on the accounts of Henley Forklift Group (N.I.) Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by John McCleary (Senior Statutory Auditor) for and on behalf of McCleary & Company Ltd. , Statutory Auditor.
McCleary & Company Ltd.
Quaker Buildings
High Street
Lurgan
Co. Armagh
BT66 8BB
Page 5