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Registered number: 05389470
Bell & Higgins (Hull) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Harris Lacey and Swain
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05389470
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 27,750 41,625
Tangible Assets 5 - 3,300
27,750 44,925
CURRENT ASSETS
Stocks 6 122,427 162,427
Debtors 7 11,213 10,870
Cash at bank and in hand 1,730 1,819
135,370 175,116
Creditors: Amounts Falling Due Within One Year 8 (68,021 ) (74,120 )
NET CURRENT ASSETS (LIABILITIES) 67,349 100,996
TOTAL ASSETS LESS CURRENT LIABILITIES 95,099 145,921
Creditors: Amounts Falling Due After More Than One Year 9 (2,500 ) (12,500 )
NET ASSETS 92,599 133,421
CAPITAL AND RESERVES
Called up share capital 10 74,250 74,250
Capital redemption reserve 60,750 60,750
Profit and Loss Account (42,401 ) (1,579 )
SHAREHOLDERS' FUNDS 92,599 133,421
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For the year ending 31 August 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 M E Cobley
Director
29/04/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bell & Higgins (Hull) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05389470 . The registered office is Suite 1, The Riverside Building, Livingstone Road, Hessle, East Yorkshire, HU13 0DZ.
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
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
2.3. Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and value added taxes.
The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.
Sale of goods - Timber, tools and hardware
The company operates a retail shop for the sale of timber, tools and hardware. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash or credit/debit card.
2.4. 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 10 years.
2.5. 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:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 20% on cost
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. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.
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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: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 138,752
As at 31 August 2025 138,752
Amortisation
As at 1 September 2024 97,127
Provided during the period 13,875
As at 31 August 2025 111,002
Net Book Value
As at 31 August 2025 27,750
As at 1 September 2024 41,625
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 25,361 15,495 3,436 44,292
As at 31 August 2025 25,361 15,495 3,436 44,292
Depreciation
As at 1 September 2024 22,061 15,495 3,436 40,992
Provided during the period 3,300 - - 3,300
As at 31 August 2025 25,361 15,495 3,436 44,292
Net Book Value
As at 31 August 2025 - - - -
As at 1 September 2024 3,300 - - 3,300
6. Stocks
2025 2024
£ £
Stock 122,427 162,427
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,147 6,861
Other debtors 6,066 4,009
11,213 10,870
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 28,067 34,809
Bank loans and overdrafts 27,484 10,000
Other creditors 8,878 19,821
Taxation and social security 3,592 9,490
68,021 74,120
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,500 12,500
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 74,250 74,250
11. Related Party Transactions
The directors are related parties on the grounds of control of the company.
During the year the directors did not receive any dividends, nor did they receive any in the previous year. 
At 31 August 2025, the company owed M Cobley £706 (2024: £5,506) and J Surgey £7,024 (2024: £11,824). This balance relates to funds introduced by the directors to support the company’s working capital. The loans are unsecured, interest free, and repayable on demand.
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