Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02540805 Mr Richard Herner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02540805 2024-03-31 02540805 2025-03-31 02540805 2024-04-01 2025-03-31 02540805 frs-core:CurrentFinancialInstruments 2025-03-31 02540805 frs-core:Non-currentFinancialInstruments 2025-03-31 02540805 frs-core:FurnitureFittings 2025-03-31 02540805 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02540805 frs-core:FurnitureFittings 2024-03-31 02540805 frs-core:MotorVehicles 2024-04-01 2025-03-31 02540805 frs-core:PlantMachinery 2025-03-31 02540805 frs-core:PlantMachinery 2024-04-01 2025-03-31 02540805 frs-core:PlantMachinery 2024-03-31 02540805 frs-core:ShareCapital 2025-03-31 02540805 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02540805 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02540805 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02540805 frs-bus:SmallEntities 2024-04-01 2025-03-31 02540805 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02540805 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02540805 frs-bus:Director1 2024-04-01 2025-03-31 02540805 frs-core:CurrentFinancialInstruments 1 2025-03-31 02540805 frs-core:CurrentFinancialInstruments 2 2025-03-31 02540805 frs-core:CurrentFinancialInstruments 4 2025-03-31 02540805 frs-countries:EnglandWales 2024-04-01 2025-03-31 02540805 2023-03-31 02540805 2024-03-31 02540805 2023-04-01 2024-03-31 02540805 frs-core:CurrentFinancialInstruments 2024-03-31 02540805 frs-core:Non-currentFinancialInstruments 2024-03-31 02540805 frs-core:ShareCapital 2024-03-31 02540805 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02540805 frs-core:CurrentFinancialInstruments 1 2024-03-31 02540805 frs-core:CurrentFinancialInstruments 2 2024-03-31 02540805 frs-core:CurrentFinancialInstruments 4 2024-03-31
Registered number: 02540805
Herner & Co Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Green & Peter(UK) Ltd
Herner & Co Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Herner & Co Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 02540805

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 6,292 |  | 524
|  |  | 6,292 |  | 524
CURRENT ASSETS
Stocks | 5 | 438,802 |  | 575,461 |
Debtors | 6 | 203,198 |  | 110,274 |
Cash at bank and in hand |  | 96,070 |  | 30,349 |
|  | 738,070 |  | 716,084 |
Creditors: Amounts Falling Due Within One Year | 7 | (686,507 ) |  | (527,154 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 51,563 |  | 188,930
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 57,855 |  | 189,454
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (9,167 ) |  | (19,167 )
NET ASSETS |  |  | 48,688 |  | 170,287
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2 |  | 2
Profit and Loss Account |  |  | 48,686 |  | 170,285
SHAREHOLDERS' FUNDS |  |  | 48,688 |  | 170,287

Page 1
Page 2
Herner & Co Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Richard Herner Director
02/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Herner & Co Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Herner & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02540805 . The registered office is The Limes, 1339 High Road, Whetstone, London, N20 9HR.
The company's principal activity during the year continued to be that of dealing in works of art and providing consultancy services.
The Financial statements are presented in sterling which is the functional currency of the company and rounded to nearest £.
The significant accounting policies applied in the preparation of this financial statement are set out below.
These policies have been consistently applied to all years presented.
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% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance

2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
Herner & Co Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 13,519 | - | 13,519
Additions | 1,966 | 5,900 | 7,866
As at 31 March 2025 | 15,485 | 5,900 | 21,385
Depreciation
As at 1 April 2024 | 12,995 | - | 12,995
Provided during the period | 623 | 1,475 | 2,098
As at 31 March 2025 | 13,618 | 1,475 | 15,093
Net Book Value
As at 31 March 2025 | 1,867 | 4,425 | 6,292
As at 1 April 2024 | 524 | - | 524

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 438,802 |  | 575,461

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 201,467 |  | 109,782
VAT | 1,731 |  | 492
| 203,198 |  | 110,274

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 308,196 |  | 176,046
Bank loans and overdrafts | 10,000 |  | 11,395
PAYE/NI control | 1,685 |  | 2,116
Other creditors | 92,967 |  | 112,967
Accruals | 6,042 |  | 7,500
Barclaycard Commercial | 3 |  | 3
Pension creditors | (101 ) |  | 103
Director's loan account | 267,715 |  | 217,024
| 686,507 |  | 527,154

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Loans 1-2 yrs | 9,167 |  | 19,167

Page 4
Page 5
Herner & Co Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

Page 5