Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 04613198 Mr J Holmes Mrs D Holmes Mr D Holmes Mrs D Holmes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04613198 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-01-31 04613198 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-01-31 04613198 2024-01-31 04613198 2025-01-31 04613198 2024-02-01 2025-01-31 04613198 frs-core:CurrentFinancialInstruments 2025-01-31 04613198 frs-core:Non-currentFinancialInstruments 2025-01-31 04613198 frs-core:BetweenOneFiveYears 2025-01-31 04613198 frs-core:ComputerEquipment 2025-01-31 04613198 frs-core:ComputerEquipment 2024-02-01 2025-01-31 04613198 frs-core:ComputerEquipment 2024-01-31 04613198 frs-core:NetGoodwill 2025-01-31 04613198 frs-core:NetGoodwill 2024-02-01 2025-01-31 04613198 frs-core:NetGoodwill 2024-01-31 04613198 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 04613198 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 04613198 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 04613198 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04613198 frs-core:MotorVehicles 2025-01-31 04613198 frs-core:MotorVehicles 2024-02-01 2025-01-31 04613198 frs-core:MotorVehicles 2024-01-31 04613198 frs-core:PlantMachinery 2025-01-31 04613198 frs-core:PlantMachinery 2024-02-01 2025-01-31 04613198 frs-core:PlantMachinery 2024-01-31 04613198 frs-core:WithinOneYear 2025-01-31 04613198 frs-core:ShareCapital 2025-01-31 04613198 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04613198 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04613198 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04613198 frs-bus:SmallEntities 2024-02-01 2025-01-31 04613198 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04613198 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04613198 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-01-31 04613198 frs-bus:Director1 2024-02-01 2025-01-31 04613198 frs-bus:Director2 2024-02-01 2025-01-31 04613198 frs-bus:Director3 2024-02-01 2025-01-31 04613198 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 04613198 frs-countries:EnglandWales 2024-02-01 2025-01-31 04613198 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-01-31 04613198 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-01-31 04613198 2023-01-31 04613198 2024-01-31 04613198 2023-02-01 2024-01-31 04613198 frs-core:CurrentFinancialInstruments 2024-01-31 04613198 frs-core:Non-currentFinancialInstruments 2024-01-31 04613198 frs-core:BetweenOneFiveYears 2024-01-31 04613198 frs-core:WithinOneYear 2024-01-31 04613198 frs-core:ShareCapital 2024-01-31 04613198 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 04613198
E.J.Holmes & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04613198
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 465,408 462,315
465,408 462,315
CURRENT ASSETS
Stocks 6 47,906 69,329
Debtors 7 37,250 29,242
Cash at bank and in hand 33,675 2,317
118,831 100,888
Creditors: Amounts Falling Due Within One Year 8 (161,156 ) (143,887 )
NET CURRENT ASSETS (LIABILITIES) (42,325 ) (42,999 )
TOTAL ASSETS LESS CURRENT LIABILITIES 423,083 419,316
Creditors: Amounts Falling Due After More Than One Year 9 (379,268 ) (409,302 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 13 (36,981 ) -
NET ASSETS 6,834 10,014
CAPITAL AND RESERVES
Called up share capital 14 2 2
Profit and Loss Account 6,832 10,012
SHAREHOLDERS' FUNDS 6,834 10,014
Page 1
Page 2
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
Mrs D Holmes
Director
15/10/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
E.J.Holmes & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04613198 . The registered office is 1-2 Rhodium Point Hawkinge Business Park, Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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:
Freehold Land is not depreciated
Leasehold 10% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 15% reducing balance
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 7)
9 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 48,000
As at 31 January 2025 48,000
Amortisation
As at 1 February 2024 48,000
As at 31 January 2025 48,000
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 365,684 278,035 62,305 4,743 710,767
Additions - 26,162 16,995 - 43,157
Disposals - - (27,410 ) - (27,410 )
As at 31 January 2025 365,684 304,197 51,890 4,743 726,514
Depreciation
As at 1 February 2024 43,236 164,897 36,287 4,032 248,452
Provided during the period 4,963 20,236 7,982 107 33,288
Disposals - - (20,634 ) - (20,634 )
As at 31 January 2025 48,199 185,133 23,635 4,139 261,106
Net Book Value
As at 31 January 2025 317,485 119,064 28,255 604 465,408
As at 1 February 2024 322,448 113,138 26,018 711 462,315
6. Stocks
2025 2024
£ £
Materials 6,742 22,751
Work in progress 41,164 46,578
47,906 69,329
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 26,422 28,262
Other debtors 10,828 980
37,250 29,242
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 20,829 12,856
Trade creditors 27,880 25,670
Bank loans and overdrafts 47,768 50,690
Other creditors 46,577 45,372
Taxation and social security 18,102 9,299
161,156 143,887
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,816 25,390
Bank loans 357,452 383,912
379,268 409,302
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 405,220 434,602
11. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 47,768 47,580
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 357,452 383,912
The NatWest loans are secured by fixed and floating charges and there are fixed charges over the following properties:
Lot 5 Kings Wood East, Leeds Castle Woodlands, Leeds, Near Maidstone, Kent
Lot 4 Kings Wood North, Leeds Castle Woodlands, Leeds, Near Maidstone, Kent
12. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,829 12,856
Later than one year and not later than five years 21,816 25,390
42,645 38,246
42,645 38,246
13. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 36,981 -
14. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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15. Transition to FRS 102
For the year ended 31 January 2025, the company has adopted FRS 102 Section 1a for the first time, having previously applied FRS105 - The Financial Reporting Standard applicable to the Micro-entities Regime.
As a result of the transition, the company has now made provisions for deferred tax.
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