Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02808195 Mr Edward Higgins Mr John Higgins Mrs Hannah Higgins Mrs Jennifer Higgins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02808195 2024-03-31 02808195 2025-03-31 02808195 2024-04-01 2025-03-31 02808195 frs-core:CurrentFinancialInstruments 2025-03-31 02808195 frs-core:FurnitureFittings 2025-03-31 02808195 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02808195 frs-core:FurnitureFittings 2024-03-31 02808195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 02808195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02808195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 02808195 frs-core:MotorVehicles 2025-03-31 02808195 frs-core:MotorVehicles 2024-04-01 2025-03-31 02808195 frs-core:MotorVehicles 2024-03-31 02808195 frs-core:PlantMachinery 2025-03-31 02808195 frs-core:PlantMachinery 2024-04-01 2025-03-31 02808195 frs-core:PlantMachinery 2024-03-31 02808195 frs-core:SharePremium 2025-03-31 02808195 frs-core:ShareCapital 2025-03-31 02808195 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02808195 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02808195 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02808195 frs-bus:SmallEntities 2024-04-01 2025-03-31 02808195 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02808195 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02808195 frs-core:UnlistedNon-exchangeTraded 2025-03-31 02808195 frs-core:UnlistedNon-exchangeTraded 2024-03-31 02808195 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 02808195 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 02808195 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 02808195 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 02808195 frs-bus:Director1 2024-04-01 2025-03-31 02808195 frs-bus:Director2 2024-04-01 2025-03-31 02808195 frs-bus:Director3 2024-04-01 2025-03-31 02808195 frs-bus:Director4 2024-04-01 2025-03-31 02808195 frs-countries:EnglandWales 2024-04-01 2025-03-31 02808195 2023-03-31 02808195 2024-03-31 02808195 2023-04-01 2024-03-31 02808195 frs-core:CurrentFinancialInstruments 2024-03-31 02808195 frs-core:SharePremium 2024-03-31 02808195 frs-core:ShareCapital 2024-03-31 02808195 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02808195
John Higgins & Son Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hudson LM Limited
Castle Court
Castle Street
Whittington, Oswestry
Shropshire
SY11 4DF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02808195
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 736,750 672,214
Investments 5 250 250
737,000 672,464
CURRENT ASSETS
Stocks 6 188,370 171,230
Debtors 7 19,136 4,180
Cash at bank and in hand 202,435 229,005
409,941 404,415
Creditors: Amounts Falling Due Within One Year 8 (75,293 ) (107,606 )
NET CURRENT ASSETS (LIABILITIES) 334,648 296,809
TOTAL ASSETS LESS CURRENT LIABILITIES 1,071,648 969,273
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,850 ) (4,344 )
NET ASSETS 1,049,798 964,929
CAPITAL AND RESERVES
Called up share capital 9 250,439 250,439
Share premium account 171,104 171,104
Profit and Loss Account 628,255 543,386
SHAREHOLDERS' FUNDS 1,049,798 964,929
Page 1
Page 2
For the year ending 31 March 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 Jennifer Higgins
Director
2 December 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
John Higgins & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02808195 . The registered office is Frodesley Park Farm, Frodesley, Longnor, Shrewsbury, Shropshire, SY5 7QH.
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 0%
Plant & Machinery 20%
Motor Vehicles 25%
Fixtures & Fittings 25%
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 649,351 192,743 17,900 1,951 861,945
Additions - 86,425 - - 86,425
As at 31 March 2025 649,351 279,168 17,900 1,951 948,370
Depreciation
As at 1 April 2024 - 170,418 17,364 1,949 189,731
Provided during the period - 21,754 134 1 21,889
As at 31 March 2025 - 192,172 17,498 1,950 211,620
Net Book Value
As at 31 March 2025 649,351 86,996 402 1 736,750
As at 1 April 2024 649,351 22,325 536 2 672,214
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5. Investments
Unlisted
£
Cost
As at 1 April 2024 250
As at 31 March 2025 250
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 250
As at 1 April 2024 250
6. Stocks
2025 2024
£ £
Stocks 188,370 171,230
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,837 2,959
VAT 17,299 1,221
19,136 4,180
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 9,221 8,935
Other creditors 407 388
Accruals and deferred income 24,608 33,675
Directors' loan accounts 41,057 64,608
75,293 107,606
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 250,439 250,439
Page 5