Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 NI009925 Mr James Andrew Hamilton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI009925 2023-12-31 NI009925 2024-12-31 NI009925 2024-01-01 2024-12-31 NI009925 frs-core:CurrentFinancialInstruments 2024-12-31 NI009925 frs-core:Non-currentFinancialInstruments 2024-12-31 NI009925 frs-core:ComputerEquipment 2024-12-31 NI009925 frs-core:ComputerEquipment 2024-01-01 2024-12-31 NI009925 frs-core:ComputerEquipment 2023-12-31 NI009925 frs-core:FurnitureFittings 2024-12-31 NI009925 frs-core:FurnitureFittings 2024-01-01 2024-12-31 NI009925 frs-core:FurnitureFittings 2023-12-31 NI009925 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 NI009925 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI009925 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 NI009925 frs-core:MotorVehicles 2024-12-31 NI009925 frs-core:MotorVehicles 2024-01-01 2024-12-31 NI009925 frs-core:MotorVehicles 2023-12-31 NI009925 frs-core:CapitalRedemptionReserve 2024-12-31 NI009925 frs-core:ShareCapital 2024-12-31 NI009925 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI009925 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI009925 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI009925 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI009925 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI009925 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI009925 frs-bus:Director1 2024-01-01 2024-12-31 NI009925 frs-bus:Director1 2023-12-31 NI009925 frs-bus:Director1 2024-12-31 NI009925 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI009925 2022-12-31 NI009925 2023-12-31 NI009925 2023-01-01 2023-12-31 NI009925 frs-core:CurrentFinancialInstruments 2023-12-31 NI009925 frs-core:Non-currentFinancialInstruments 2023-12-31 NI009925 frs-core:CapitalRedemptionReserve 2023-12-31 NI009925 frs-core:ShareCapital 2023-12-31 NI009925 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI009925
William R Hamilton Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI009925
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,925 55,930
54,925 55,930
CURRENT ASSETS
Stocks 5 261,000 253,258
Debtors 6 54,909 68,722
Cash at bank and in hand 38,840 31,382
354,749 353,362
Creditors: Amounts Falling Due Within One Year 7 (131,836 ) (146,984 )
NET CURRENT ASSETS (LIABILITIES) 222,913 206,378
TOTAL ASSETS LESS CURRENT LIABILITIES 277,838 262,308
Creditors: Amounts Falling Due After More Than One Year 8 (1,788 ) (5,956 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (756 ) (712 )
NET ASSETS 275,294 255,640
CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Capital redemption reserve 7,848 7,848
Profit and Loss Account 247,446 227,792
SHAREHOLDERS' FUNDS 275,294 255,640
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 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 James Andrew Hamilton
Director
18 September 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
William R Hamilton Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI009925 . The registered office is 16 Bridge Street South, Portadown, Craigavon, County Armagh, BT62 3NW.
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:
Freehold 2% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 62,000 16,079 49,353 7,088 134,520
Additions - 1,250 - - 1,250
As at 31 December 2024 62,000 17,329 49,353 7,088 135,770
Depreciation
As at 1 January 2024 9,920 12,496 49,086 7,088 78,590
Provided during the period 1,240 948 67 - 2,255
As at 31 December 2024 11,160 13,444 49,153 7,088 80,845
Net Book Value
As at 31 December 2024 50,840 3,885 200 - 54,925
As at 1 January 2024 52,080 3,583 267 - 55,930
5. Stocks
2024 2023
£ £
Stock 261,000 253,258
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,349 63,260
Other debtors 5,560 5,462
54,909 68,722
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 107,908 123,288
Bank loans and overdrafts 4,119 4,927
Other creditors 48 150
Taxation and social security 19,761 18,619
131,836 146,984
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,788 5,956
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
10. 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 James Hamilton 4,549 5,532 (5,860 ) - 4,221
Loan balances are repayable on demand. The interest rate applied is the official rate for beneficial loan arrangements. 
Dividends paid to directors
2024 2023
£ £
Mr James Andrew Hamilton 4,560 2,710
Page 5