Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 23 September 2025 1 January 2024 31 December 2024 31 December 2024 08453799 Mr Trevor John Andrews Mr Marc Pelzer true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08453799 2023-12-31 08453799 2024-12-31 08453799 2024-01-01 2024-12-31 08453799 frs-core:CurrentFinancialInstruments 2024-12-31 08453799 frs-core:BetweenOneFiveYears 2024-12-31 08453799 frs-core:FurnitureFittings 2024-12-31 08453799 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08453799 frs-core:FurnitureFittings 2023-12-31 08453799 frs-core:PlantMachinery 2024-12-31 08453799 frs-core:PlantMachinery 2024-01-01 2024-12-31 08453799 frs-core:PlantMachinery 2023-12-31 08453799 frs-core:WithinOneYear 2024-12-31 08453799 frs-core:ShareCapital 2024-12-31 08453799 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08453799 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08453799 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08453799 frs-bus:SmallEntities 2024-01-01 2024-12-31 08453799 frs-bus:Audited 2024-01-01 2024-12-31 08453799 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08453799 1 2024-01-01 2024-12-31 08453799 frs-bus:Director1 2024-01-01 2024-12-31 08453799 frs-bus:Director2 2024-01-01 2024-12-31 08453799 frs-countries:EnglandWales 2024-01-01 2024-12-31 08453799 2022-12-31 08453799 2023-12-31 08453799 2023-01-01 2023-12-31 08453799 frs-core:CurrentFinancialInstruments 2023-12-31 08453799 frs-core:BetweenOneFiveYears 2023-12-31 08453799 frs-core:WithinOneYear 2023-12-31 08453799 frs-core:ShareCapital 2023-12-31 08453799 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08453799
Happich WBH Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—6
Page 1
Balance Sheet
Registered number: 08453799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,901 108,700
98,901 108,700
CURRENT ASSETS
Stocks 5 2,696,025 2,591,226
Debtors 6 1,346,623 1,871,802
Cash at bank and in hand 39,056 193,289
4,081,704 4,656,317
Creditors: Amounts Falling Due Within One Year 7 (1,141,342 ) (2,200,687 )
NET CURRENT ASSETS (LIABILITIES) 2,940,362 2,455,630
TOTAL ASSETS LESS CURRENT LIABILITIES 3,039,263 2,564,330
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (1,975 ) (2,422 )
NET ASSETS 3,037,288 2,561,908
CAPITAL AND RESERVES
Called up share capital 10 250,010 250,010
Profit and Loss Account 2,787,278 2,311,898
SHAREHOLDERS' FUNDS 3,037,288 2,561,908
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.
The financial statements were approved by the board of directors on 23 September 2025 and were signed on its behalf by:
Mr Trevor John Andrews
Director
23 September 2025
The notes on pages 2 to 6 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Happich WBH Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08453799 . The registered office is Crossgate Road, Park Farm Industrial Estate, Redditch, Worcestershire, B98 7SN.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and turnover can be reliably measured.  Turnover is measured as the fair value of the consideration received or receivable, excluding  discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised on delivery of goods, when all of the following conditions are satisfied:
  • the company has transferred the significant risks and rewards of ownership to the buyer;
  • the company retains neither continuing managerial involvement to the degree usually associated with ownership, nor effective control over the goods sold;
  • the amount of turnover can be measured reliably;
  • it is probable that the company will receive the consideration due under the ttransaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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 - 5 years
Fixtures & Fittings - 3 Years
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment.  If such indications exist the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.  If the recoverable amount of an asset is estimated to be lower than its carrying amount, the carrying amount is reduced to its recoverable amount.  Impairment losses are recognised immediately in the profit and loss account.
2.5. 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.
2.6. 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. At each balance sheet date, stocks are assessed for impairment.  If stock is found to be impaired, its carrying value is written down to its selling price less costs to complete and sell.  Impairment losses are recognised immediately in the profit and loss account.
Page 2
Page 3
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of  grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure. 
2.11. Research and development
Research and development expenditure is written off to the profit and loss account in the year in which it is incurred.
Any tax credits arising in respect of research and development are credited to other operating income within the profit and loss account when it can be reliably measured and it is probable that the credit will be received.
2.12. Finance costs
Finance costs are charged to the profit and loss acount over the term of the debt using the effective interest method so that the amount charged is at a consistent rate on the carrying amount.
2.13. Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 66 (2023: 69)
66 69
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 501,603 135,787 637,390
Additions 29,630 959 30,589
As at 31 December 2024 531,233 136,746 667,979
Depreciation
As at 1 January 2024 397,068 131,622 528,690
Provided during the period 36,367 4,021 40,388
As at 31 December 2024 433,435 135,643 569,078
Net Book Value
As at 31 December 2024 97,798 1,103 98,901
As at 1 January 2024 104,535 4,165 108,700
5. Stocks
2024 2023
£ £
Materials 1,548,683 1,217,506
Finished goods 701,515 916,265
Work in progress 445,827 457,455
2,696,025 2,591,226
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,085,363 1,467,667
Prepayments and accrued income 128,589 121,308
Other debtors - 46,036
Amounts owed by group undertakings 132,671 236,791
1,346,623 1,871,802
Amounts owed by group undertakings are interest free and repayable on demand.
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 13,786
Trade creditors 517,682 513,301
Corporation tax 39,024 -
Other taxes and social security 23,128 100,006
Accruals and deferred income 77,904 119,074
Amounts owed to group undertakings 31,543 623,801
Invoice discount facility 452,061 830,719
1,141,342 2,200,687
The invoice discounting facility was secured by a fixed and floating charge over trade debtors.  The amounts owed to group undertakings are interest free and payable on demand. 
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 13,786
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,975 2,422
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250,010 250,010
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 181,714 254,302
Later than one year and not later than five years 35,333 253,912
217,047 508,214
12. Pension Commitments
The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £34,316 (2022 £48,409).
13. Related Party Transactions
The company has taken advantage of the FRS102 section 33.1A exemption from disclosing transactions with wholly owned group companies.
Page 5
Page 6
14. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
15. Ultimate Controlling Party
The immediate parent company by virtue of its 100% shareholding in the company, is Happich UK Limited, a company incorporated in England and Wales.
Happich UK limited is a wholly owned subsidiary of Happich GmbH, a company registered in Germany. Happich GmbH prepares consolidated accounts and these are available from the company's registered office at Lise-Meitner-Strabe 14, 42119, Wuppertal, Germany.
16. Audit Information
The auditor's report on the accounts of Happich WBH Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Neil Harrison (Senior Statutory Auditor) for and on behalf of Harrison Partners Limited , Statutory Auditor.
Harrison Partners Limited
Masonic Building
9 Mill Street
Sutton Coldfield
B72 1TJ
Page 6