Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09221193 Mrs Joyce Corney Mr Christopher Corney Mr David Corney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09221193 2023-12-31 09221193 2024-12-31 09221193 2024-01-01 2024-12-31 09221193 frs-core:CurrentFinancialInstruments 2024-12-31 09221193 frs-core:Non-currentFinancialInstruments 2024-12-31 09221193 frs-core:BetweenOneFiveYears 2024-12-31 09221193 frs-core:ComputerEquipment 2024-12-31 09221193 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09221193 frs-core:ComputerEquipment 2023-12-31 09221193 frs-core:FurnitureFittings 2024-12-31 09221193 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09221193 frs-core:FurnitureFittings 2023-12-31 09221193 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09221193 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09221193 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09221193 frs-core:MotorVehicles 2024-12-31 09221193 frs-core:MotorVehicles 2024-01-01 2024-12-31 09221193 frs-core:MotorVehicles 2023-12-31 09221193 frs-core:PlantMachinery 2024-12-31 09221193 frs-core:PlantMachinery 2024-01-01 2024-12-31 09221193 frs-core:PlantMachinery 2023-12-31 09221193 frs-core:WithinOneYear 2024-12-31 09221193 frs-core:ShareCapital 2024-12-31 09221193 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09221193 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09221193 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09221193 frs-bus:SmallEntities 2024-01-01 2024-12-31 09221193 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09221193 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09221193 frs-bus:Director1 2024-01-01 2024-12-31 09221193 frs-bus:Director2 2024-01-01 2024-12-31 09221193 frs-bus:Director3 2024-01-01 2024-12-31 09221193 frs-countries:EnglandWales 2024-01-01 2024-12-31 09221193 2022-12-31 09221193 2023-12-31 09221193 2023-01-01 2023-12-31 09221193 frs-core:CurrentFinancialInstruments 2023-12-31 09221193 frs-core:Non-currentFinancialInstruments 2023-12-31 09221193 frs-core:BetweenOneFiveYears 2023-12-31 09221193 frs-core:WithinOneYear 2023-12-31 09221193 frs-core:ShareCapital 2023-12-31 09221193 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09221193
Corney And Sons Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
AMEC Consultancy Limited
Chartered Accountants
9 Heath Way
Burton Latimer
Kettering
Northamptonshire
NN15 5YF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09221193
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 362,080 353,887
362,080 353,887
CURRENT ASSETS
Stocks 5 173,493 166,276
Debtors 6 83,067 93,397
Cash at bank and in hand 41,690 112,728
298,250 372,401
Creditors: Amounts Falling Due Within One Year 7 (226,923 ) (273,350 )
NET CURRENT ASSETS (LIABILITIES) 71,327 99,051
TOTAL ASSETS LESS CURRENT LIABILITIES 433,407 452,938
Creditors: Amounts Falling Due After More Than One Year 8 (254,539 ) (226,952 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (67,739 ) (67,239 )
NET ASSETS 111,129 158,747
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 111,029 158,647
SHAREHOLDERS' FUNDS 111,129 158,747
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
Mrs Joyce Corney
Director
29th September 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Corney And Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09221193 . The registered office is Round House Farm Thrapston Road, Finedon, Wellingborough, Northamptonshire, NN9 5HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the requirements of the Companies Act 2006 as applicable to companiues subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Montary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments as fair value. The principal accounting polices adopted are set out below.
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 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.
2.4. 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:
Leasehold 20% Reducing balance
Plant & Machinery 20% Reducing balance
Trucks and Trailers 25% Reducing balance
Tractors and combine 20% Reducing balance
Motor Vehicles 25% Reducing balance
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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.

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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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2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Trucks and Trailers Tractors and combine
£ £ £ £
Cost
As at 1 January 2024 14,380 442,457 47,450 208,200
Additions - 28,773 2,350 139,914
Disposals - - - (117,500 )
As at 31 December 2024 14,380 471,230 49,800 230,614
Depreciation
As at 1 January 2024 8,170 218,144 34,980 95,967
Provided during the period 1,242 49,278 2,905 36,141
Disposals - - - (46,060 )
As at 31 December 2024 9,412 267,422 37,885 86,048
Net Book Value
As at 31 December 2024 4,968 203,808 11,915 144,566
As at 1 January 2024 6,210 224,313 12,470 112,233
Page 5
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Motor Vehicles Total
£ £
Cost
As at 1 January 2024 20,950 733,437
Additions - 171,037
Disposals - (117,500 )
As at 31 December 2024 20,950 786,974
Depreciation
As at 1 January 2024 22,289 379,550
Provided during the period 1,838 91,404
Disposals - (46,060 )
As at 31 December 2024 24,127 424,894
Net Book Value
As at 31 December 2024 (3,177 ) 362,080
As at 1 January 2024 (1,339 ) 353,887
5. Stocks
2024 2023
£ £
Stocks 173,493 166,276
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,236 -
Other debtors 19,831 93,397
83,067 93,397
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,802 35,147
Trade creditors 121,598 110,869
Other creditors 42,829 92,682
Taxation and social security 20,694 34,652
226,923 273,350
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 80,577 52,990
Directors loan account 173,962 173,962
254,539 226,952
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 41,802 35,147
Later than one year and not later than five years 80,577 52,990
122,379 88,137
122,379 88,137
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 67,739 67,239
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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