Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11073995 Mr Daryl Baker Mrs Rebecca Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11073995 2023-12-31 11073995 2024-12-31 11073995 2024-01-01 2024-12-31 11073995 frs-core:CurrentFinancialInstruments 2024-12-31 11073995 frs-core:ComputerEquipment 2024-12-31 11073995 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11073995 frs-core:ComputerEquipment 2023-12-31 11073995 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11073995 frs-core:FurnitureFittings 2024-12-31 11073995 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11073995 frs-core:FurnitureFittings 2023-12-31 11073995 frs-core:MotorVehicles 2024-12-31 11073995 frs-core:MotorVehicles 2024-01-01 2024-12-31 11073995 frs-core:MotorVehicles 2023-12-31 11073995 frs-core:OtherResidualIntangibleAssets 2024-12-31 11073995 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 11073995 frs-core:OtherResidualIntangibleAssets 2023-12-31 11073995 frs-core:PlantMachinery 2024-12-31 11073995 frs-core:PlantMachinery 2024-01-01 2024-12-31 11073995 frs-core:PlantMachinery 2023-12-31 11073995 frs-core:ShareCapital 2024-12-31 11073995 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11073995 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11073995 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11073995 frs-bus:SmallEntities 2024-01-01 2024-12-31 11073995 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11073995 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11073995 frs-bus:Director1 2024-01-01 2024-12-31 11073995 frs-bus:Director1 2023-12-31 11073995 frs-bus:Director1 2024-12-31 11073995 frs-bus:Director2 2024-01-01 2024-12-31 11073995 frs-bus:Director2 2023-12-31 11073995 frs-bus:Director2 2024-12-31 11073995 frs-countries:EnglandWales 2024-01-01 2024-12-31 11073995 2022-12-31 11073995 2023-12-31 11073995 2023-01-01 2023-12-31 11073995 frs-core:CurrentFinancialInstruments 2023-12-31 11073995 frs-core:ShareCapital 2023-12-31 11073995 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11073995
Holmesdale Finance Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11073995
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,240 -
Tangible Assets 5 38,897 24,731
45,137 24,731
CURRENT ASSETS
Debtors 6 667,531 1,328,048
Cash at bank and in hand 40,446 31,564
707,977 1,359,612
Creditors: Amounts Falling Due Within One Year 7 (146,296 ) (324,344 )
NET CURRENT ASSETS (LIABILITIES) 561,681 1,035,268
TOTAL ASSETS LESS CURRENT LIABILITIES 606,818 1,059,999
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,284 ) (5,383 )
NET ASSETS 595,534 1,054,616
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 595,434 1,054,516
SHAREHOLDERS' FUNDS 595,534 1,054,616
Page 1
Page 2
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 Daryl Baker
Director
9 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Holmesdale Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11073995 . The registered office is The Byre Pury Hill Business Park, Alderton Road, Towcester, NN12 7LS.
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 is a personalised number plate. It is amortised to the profit and loss account over its estimated economic life of 10 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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 -
Additions 6,933
As at 31 December 2024 6,933
Amortisation
As at 1 January 2024 -
Provided during the period 693
As at 31 December 2024 693
Net Book Value
As at 31 December 2024 6,240
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 806 54,890 3,695 10,004 69,395
Additions 812 11,306 7,649 7,365 27,132
As at 31 December 2024 1,618 66,196 11,344 17,369 96,527
Depreciation
As at 1 January 2024 202 37,522 2,151 4,789 44,664
Provided during the period 354 7,169 2,298 3,145 12,966
As at 31 December 2024 556 44,691 4,449 7,934 57,630
Net Book Value
As at 31 December 2024 1,062 21,505 6,895 9,435 38,897
As at 1 January 2024 604 17,368 1,544 5,215 24,731
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 667,531 1,328,048
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,308 61,236
Other creditors 29,816 25,872
Taxation and social security 115,172 237,236
146,296 324,344
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. 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 Daryl Baker 64,828 51,378 64,828 - 51,378
Mrs Rebecca Baker 64,828 51,378 64,828 - 51,378
The above loan is unsecured, interest free and repayable on demand.
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