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Registered number: 04348836
Horsted Services Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Accounts by Simply Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Andrew Delamain
Mr Jeffrey Haythorpe
Company Number 04348836
Registered Office C/O CPA&I Limited
1 Elmfield Park
Bromley
Kent
BR1 1LU
Business Unit 7a, Tripes Business Park
Chelsfield Lane
Orpington
Kent
BR6 7RS
Accountants Accounts by Simply Ltd
ICAEW
Unit 115
40 Gracechurch Street
London
EC3V 0BT
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Page 2
Balance Sheet
Registered number: 04348836
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,906 9,254
6,906 9,254
CURRENT ASSETS
Stocks 5 2,150 2,250
Debtors 6 142,679 208,703
Cash at bank and in hand 596,134 599,087
740,963 810,040
Creditors: Amounts Falling Due Within One Year 7 (187,780 ) (274,199 )
NET CURRENT ASSETS (LIABILITIES) 553,183 535,841
TOTAL ASSETS LESS CURRENT LIABILITIES 560,089 545,095
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,727 ) (2,314 )
NET ASSETS 558,362 542,781
CAPITAL AND RESERVES
Called up share capital 9 805 805
Capital redemption reserve 195 195
Profit and Loss Account 557,362 541,781
SHAREHOLDERS' FUNDS 558,362 542,781
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For the year ending 31 January 2025 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 Jeffrey Haythorpe
Director
15/10/2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Horsted Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04348836 . The registered office is C/O CPA&I Limited, 1 Elmfield Park, Bromley, Kent, BR1 1LU.
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. Significant judgements and estimations
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.
There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.
There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.
There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.
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 rendering of services. Turnover is reduced for estimated rebates and other similar allowances.
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 25% on reducing balance
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on cost
2.5. 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.
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2.6. Financial Instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a pmty to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
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 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 8)
9 8
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 26,474 9,695 39,282 98,763 174,214
Additions - - 440 399 839
As at 31 January 2025 26,474 9,695 39,722 99,162 175,053
Depreciation
As at 1 February 2024 26,209 8,037 38,160 92,554 164,960
Provided during the period 66 528 392 2,201 3,187
As at 31 January 2025 26,275 8,565 38,552 94,755 168,147
Net Book Value
As at 31 January 2025 199 1,130 1,170 4,407 6,906
As at 1 February 2024 265 1,658 1,122 6,209 9,254
5. Stocks
2025 2024
£ £
Stock 2,150 2,250
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 28,555 9,051
Amounts recoverable on contracts 77,649 170,565
Other debtors 36,475 29,087
142,679 208,703
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 50,584 143,002
Other creditors 48,485 28,918
Taxation and social security 88,711 102,279
187,780 274,199
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8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2024 2,314 2,314
Reversals (587 ) (587)
Balance at 31 January 2025 1,727 1,727
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 805 805
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Andrew Delamain 22,500 7,500 22,500 - 7,500
Mr Jeffrey Haythorpe - 14,546 - - 14,546
The above loans are unsecured, interest is charged at 2.25% and are repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is J Haythorpe by virtue of his ownership of 50.16% of the issued share capital in the company.
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