Acorah Software Products - Accounts Production 16.5.460 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 11328151 K A Howe M L Howe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11328151 2024-04-30 11328151 2025-04-30 11328151 2024-05-01 2025-04-30 11328151 frs-core:CurrentFinancialInstruments 2025-04-30 11328151 frs-core:Non-currentFinancialInstruments 2025-04-30 11328151 frs-core:ComputerEquipment 2025-04-30 11328151 frs-core:ComputerEquipment 2024-05-01 2025-04-30 11328151 frs-core:ComputerEquipment 2024-04-30 11328151 frs-core:MotorVehicles 2025-04-30 11328151 frs-core:MotorVehicles 2024-05-01 2025-04-30 11328151 frs-core:MotorVehicles 2024-04-30 11328151 frs-core:PlantMachinery 2025-04-30 11328151 frs-core:PlantMachinery 2024-05-01 2025-04-30 11328151 frs-core:PlantMachinery 2024-04-30 11328151 frs-core:ShareCapital 2025-04-30 11328151 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 11328151 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 11328151 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 11328151 frs-bus:SmallEntities 2024-05-01 2025-04-30 11328151 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 11328151 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 11328151 frs-bus:Director1 2024-05-01 2025-04-30 11328151 frs-bus:Director2 2024-05-01 2025-04-30 11328151 frs-countries:EnglandWales 2024-05-01 2025-04-30 11328151 2023-04-30 11328151 2024-04-30 11328151 2023-05-01 2024-04-30 11328151 frs-core:CurrentFinancialInstruments 2024-04-30 11328151 frs-core:Non-currentFinancialInstruments 2024-04-30 11328151 frs-core:WithinOneYear 2024-04-30 11328151 frs-core:ShareCapital 2024-04-30 11328151 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 11328151
M.L. Howe Fencing Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11328151
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,917 35,158
20,917 35,158
CURRENT ASSETS
Stocks 5 77,891 52,723
Debtors 6 17,850 25,401
Cash at bank and in hand 37,039 96,900
132,780 175,024
Creditors: Amounts Falling Due Within One Year 7 (57,487 ) (97,403 )
NET CURRENT ASSETS (LIABILITIES) 75,293 77,621
TOTAL ASSETS LESS CURRENT LIABILITIES 96,210 112,779
Creditors: Amounts Falling Due After More Than One Year 8 (8,859 ) (19,122 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,660 ) (6,122 )
NET ASSETS 83,691 87,535
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 83,591 87,435
SHAREHOLDERS' FUNDS 83,691 87,535
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Page 2
For the year ending 30 April 2025 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
M L Howe
Director
30th July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
M.L. Howe Fencing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11328151 . The registered office is 32 Masefield Drive, Rushden, Northamptonshire, NN10 6BH.
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. 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
Computer Equipment 25% 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 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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2.6. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 in respect of all timing differences that have originated but not reversed at 30 April 2025.
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.
3. Average Number of Employees
Average number of employees, during the year was: 3 (2024: 6)
3 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 32,588 58,877 1,071 92,536
Disposals - (30,627 ) - (30,627 )
As at 30 April 2025 32,588 28,250 1,071 61,909
Depreciation
As at 1 May 2024 15,238 41,260 880 57,378
Provided during the period 4,338 2,587 48 6,973
Disposals - (23,359 ) - (23,359 )
As at 30 April 2025 19,576 20,488 928 40,992
Net Book Value
As at 30 April 2025 13,012 7,762 143 20,917
As at 1 May 2024 17,350 17,617 191 35,158
5. Stocks
2025 2024
£ £
Stock 15,000 6,000
Work in progress 62,891 46,723
77,891 52,723
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,667 21,661
Other debtors 2,183 3,740
17,850 25,401
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 10,579
Trade creditors 20,963 27,851
Bank loans and overdrafts 10,298 10,043
Other creditors 5,335 8,661
Taxation and social security 20,891 40,269
57,487 97,403
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 8,859 19,122
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 10,579
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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