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 08263007 Mr S Lloyd-Jones Ms A Hughes Mrs V J Sterry true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08263007 2023-12-31 08263007 2024-12-31 08263007 2024-01-01 2024-12-31 08263007 frs-core:CurrentFinancialInstruments 2024-12-31 08263007 frs-core:Non-currentFinancialInstruments 2024-12-31 08263007 frs-core:MotorVehicles 2024-12-31 08263007 frs-core:MotorVehicles 2024-01-01 2024-12-31 08263007 frs-core:MotorVehicles 2023-12-31 08263007 frs-core:PlantMachinery 2024-12-31 08263007 frs-core:PlantMachinery 2024-01-01 2024-12-31 08263007 frs-core:PlantMachinery 2023-12-31 08263007 frs-core:ShareCapital 2024-12-31 08263007 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08263007 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08263007 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08263007 frs-bus:SmallEntities 2024-01-01 2024-12-31 08263007 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08263007 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08263007 1 2024-01-01 2024-12-31 08263007 frs-bus:Director1 2024-01-01 2024-12-31 08263007 frs-bus:Director2 2024-01-01 2024-12-31 08263007 frs-bus:Director3 2024-01-01 2024-12-31 08263007 frs-countries:EnglandWales 2024-01-01 2024-12-31 08263007 2022-12-31 08263007 2023-12-31 08263007 2023-01-01 2023-12-31 08263007 frs-core:CurrentFinancialInstruments 2023-12-31 08263007 frs-core:Non-currentFinancialInstruments 2023-12-31 08263007 frs-core:ShareCapital 2023-12-31 08263007 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08263007
Hereford Wood Fuel 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: 08263007
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,285 39,156
22,285 39,156
CURRENT ASSETS
Stocks 5 239,577 314,021
Debtors 6 233,510 403,958
Cash at bank and in hand 336,818 207,474
809,905 925,453
Creditors: Amounts Falling Due Within One Year 7 (344,707 ) (458,239 )
NET CURRENT ASSETS (LIABILITIES) 465,198 467,214
TOTAL ASSETS LESS CURRENT LIABILITIES 487,483 506,370
Creditors: Amounts Falling Due After More Than One Year 8 (256,861 ) (280,848 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,751 ) (7,542 )
NET ASSETS 219,871 217,980
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 218,871 216,980
SHAREHOLDERS' FUNDS 219,871 217,980
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 S Lloyd-Jones
Director
30/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hereford Wood Fuel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08263007 . The registered office is Stretton Westwood Lea Quarry, Stretton Westwood, Much Wenlock, Shropshire, TF13 6DG.
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 20% Straight Line
Motor Vehicles 20% Straight Line
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.
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 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 202,772 5,189 207,961
As at 31 December 2024 202,772 5,189 207,961
Depreciation
As at 1 January 2024 166,124 2,681 168,805
Provided during the period 15,833 1,038 16,871
As at 31 December 2024 181,957 3,719 185,676
Net Book Value
As at 31 December 2024 20,815 1,470 22,285
As at 1 January 2024 36,648 2,508 39,156
5. Stocks
2024 2023
£ £
Stock 239,577 314,021
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 182,967 323,258
Prepayments and accrued income 38,194 45,065
Other debtors - 3,649
VAT 12,349 31,986
233,510 403,958
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 286,016 355,880
Corporation tax 55,428 95,451
Other taxes and social security 1,548 1,512
Other creditors 315 294
Accruals and deferred income 1,400 1,500
Amounts owed to group undertakings - 3,602
344,707 458,239
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 256,861 280,848
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Ultimate Controlling Party
The ultimate parent undertaking of the Company is Edge Topco Limited, a company which owns 100% of the issued share capital of the company.
The ultimate controlling party is considered to be Simon Lloyd-Jones by virtue of his shareholding in Edge Topco Limited.
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