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 08393573 Mr D J Field Mr B Curran New Home Improvement Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08393573 2024-03-31 08393573 2025-03-31 08393573 2024-04-01 2025-03-31 08393573 frs-core:CurrentFinancialInstruments 2025-03-31 08393573 frs-core:Non-currentFinancialInstruments 2025-03-31 08393573 frs-core:ComputerEquipment 2025-03-31 08393573 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08393573 frs-core:ComputerEquipment 2024-03-31 08393573 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 08393573 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 08393573 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08393573 frs-core:FurnitureFittings 2025-03-31 08393573 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08393573 frs-core:FurnitureFittings 2024-03-31 08393573 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 08393573 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08393573 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08393573 frs-core:MotorVehicles 2025-03-31 08393573 frs-core:MotorVehicles 2024-04-01 2025-03-31 08393573 frs-core:MotorVehicles 2024-03-31 08393573 frs-core:OtherResidualIntangibleAssets 2025-03-31 08393573 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 08393573 frs-core:OtherResidualIntangibleAssets 2024-03-31 08393573 frs-core:PlantMachinery 2025-03-31 08393573 frs-core:PlantMachinery 2024-04-01 2025-03-31 08393573 frs-core:PlantMachinery 2024-03-31 08393573 frs-core:WithinOneYear 2025-03-31 08393573 frs-core:ShareCapital 2025-03-31 08393573 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08393573 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08393573 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08393573 frs-bus:SmallEntities 2024-04-01 2025-03-31 08393573 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08393573 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08393573 1 2024-04-01 2025-03-31 08393573 frs-bus:Director1 2024-04-01 2025-03-31 08393573 frs-bus:Director2 2024-04-01 2025-03-31 08393573 frs-countries:EnglandWales 2024-04-01 2025-03-31 08393573 2023-03-31 08393573 2024-03-31 08393573 2023-04-01 2024-03-31 08393573 frs-core:CurrentFinancialInstruments 2024-03-31 08393573 frs-core:Non-currentFinancialInstruments 2024-03-31 08393573 frs-core:BetweenOneFiveYears 2024-03-31 08393573 frs-core:WithinOneYear 2024-03-31 08393573 frs-core:ShareCapital 2024-03-31 08393573 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08393573
New Driveway Company Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08393573
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,301
Tangible Assets 5 - 190,617
- 191,918
CURRENT ASSETS
Stocks 6 - 30,000
Debtors 7 - 139,337
Cash at bank and in hand 2,889 -
2,889 169,337
Creditors: Amounts Falling Due Within One Year 8 74,820 2,482
NET CURRENT ASSETS (LIABILITIES) 77,709 171,819
TOTAL ASSETS LESS CURRENT LIABILITIES 77,709 363,737
Creditors: Amounts Falling Due After More Than One Year 9 - (136,885 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (14,810 )
NET ASSETS 77,709 212,042
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 77,609 211,942
SHAREHOLDERS' FUNDS 77,709 212,042
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
Mr D J Field
Director
11th June 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
New Driveway Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08393573 . The registered office is 64 Wilbury Way, Hitchin, Hertfordshire, SG4 0TP.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.
Development costs are being amortised evenly over their estimated useful life of three years.
Website development is being amortised evenly over its estimated useful life of three 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 Other
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
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.
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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 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: 2 (2024: 5)
2 5
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 April 2024 75,998 30,310 106,308
Disposals (75,998 ) (30,310 ) (106,308 )
As at 31 March 2025 - - -
Amortisation
As at 1 April 2024 74,697 30,310 105,007
Disposals (74,697 ) (30,310 ) (105,007 )
As at 31 March 2025 - - -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 1,301 - 1,301
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 30,625 75,953 207,249 10,292
Disposals (30,625 ) (75,953 ) (207,249 ) (10,292 )
As at 31 March 2025 - - - -
Depreciation
As at 1 April 2024 - 54,940 72,945 7,369
Disposals - (54,940 ) (72,945 ) (7,369 )
As at 31 March 2025 - - - -
Net Book Value
As at 31 March 2025 - - - -
As at 1 April 2024 30,625 21,013 134,304 2,923
Computer Equipment Total
£ £
Cost
As at 1 April 2024 19,241 343,360
Disposals (19,241 ) (343,360 )
As at 31 March 2025 - -
Depreciation
As at 1 April 2024 17,489 152,743
Disposals (17,489 ) (152,743 )
As at 31 March 2025 - -
Net Book Value
As at 31 March 2025 - -
As at 1 April 2024 1,752 190,617
Page 5
Page 6
6. Stocks
2025 2024
£ £
Stock - 30,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 125,487
Other debtors - 13,850
- 139,337
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 25,111
Trade creditors - 4,225
Bank loans and overdrafts 11,667 47,549
Other creditors (86,487) (80,495)
Taxation and social security - 1,128
(74,820 ) (2,482 )
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 125,778
Bank loans - 11,107
- 136,885
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 35,044
Later than one year and not later than five years - 151,746
- 186,790
Less: Finance charges allocated to future periods - 35,901
- 150,889
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Ultimate Controlling Party
The company's ultimate controlling party is New Home Improvement Group Limited by virtue of his ownership of 100% of the issued share capital in the company.
Page 7