Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 01386833 Mr S J Masterson Mrs Z M Masterson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01386833 2024-12-31 01386833 2025-12-31 01386833 2025-01-01 2025-12-31 01386833 frs-core:CurrentFinancialInstruments 2025-12-31 01386833 frs-core:Non-currentFinancialInstruments 2025-12-31 01386833 frs-core:BetweenOneFiveYears 2025-12-31 01386833 frs-core:ComputerEquipment 2025-01-01 2025-12-31 01386833 frs-core:FurnitureFittings 2025-01-01 2025-12-31 01386833 frs-core:NetGoodwill 2025-12-31 01386833 frs-core:NetGoodwill 2025-01-01 2025-12-31 01386833 frs-core:NetGoodwill 2024-12-31 01386833 frs-core:LandBuildings 2025-12-31 01386833 frs-core:LandBuildings 2025-01-01 2025-12-31 01386833 frs-core:LandBuildings 2024-12-31 01386833 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 01386833 frs-core:MoreThanFiveYears 2025-12-31 01386833 frs-core:MotorVehicles 2025-01-01 2025-12-31 01386833 frs-core:PlantMachinery 2025-12-31 01386833 frs-core:PlantMachinery 2025-01-01 2025-12-31 01386833 frs-core:PlantMachinery 2024-12-31 01386833 frs-core:WithinOneYear 2025-12-31 01386833 frs-core:OtherReservesSubtotal 2025-12-31 01386833 frs-core:ShareCapital 2025-12-31 01386833 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 01386833 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01386833 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 01386833 frs-bus:SmallEntities 2025-01-01 2025-12-31 01386833 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 01386833 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01386833 1 2025-01-01 2025-12-31 01386833 frs-core:CostValuation 2024-12-31 01386833 frs-core:CostValuation 2025-12-31 01386833 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 01386833 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 01386833 frs-core:UnlistedNon-exchangeTraded 2025-12-31 01386833 frs-core:UnlistedNon-exchangeTraded 2024-12-31 01386833 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 01386833 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 01386833 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 01386833 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 01386833 frs-bus:Director1 2025-01-01 2025-12-31 01386833 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 01386833 frs-countries:EnglandWales 2025-01-01 2025-12-31 01386833 2023-12-31 01386833 2024-12-31 01386833 2024-01-01 2024-12-31 01386833 frs-core:CurrentFinancialInstruments 2024-12-31 01386833 frs-core:Non-currentFinancialInstruments 2024-12-31 01386833 frs-core:BetweenOneFiveYears 2024-12-31 01386833 frs-core:MoreThanFiveYears 2024-12-31 01386833 frs-core:MotorVehicles 2024-01-01 2024-12-31 01386833 frs-core:PlantMachinery 2024-01-01 2024-12-31 01386833 frs-core:WithinOneYear 2024-12-31 01386833 frs-core:OtherReservesSubtotal 2024-12-31 01386833 frs-core:ShareCapital 2024-12-31 01386833 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 01386833
Hire or Buy Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Davey Grover Ltd
Chartered Accountants
4 Fenice Court
Phoenix Business Park
St. Neots
Cambridgeshire
PE19 8EP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—8
Page 1
Statement of Financial Position
Registered number: 01386833
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,635,602 1,741,521
Investments 6 1,315 1,315
1,636,917 1,742,836
CURRENT ASSETS
Stocks 7 257,605 250,749
Debtors 8 393,813 419,042
Cash at bank and in hand 473,562 420,875
1,124,980 1,090,666
Creditors: Amounts Falling Due Within One Year 9 (800,871 ) (701,796 )
NET CURRENT ASSETS (LIABILITIES) 324,109 388,870
TOTAL ASSETS LESS CURRENT LIABILITIES 1,961,026 2,131,706
Creditors: Amounts Falling Due After More Than One Year 10 (697,849 ) (804,532 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 13 (306,552 ) (315,017 )
NET ASSETS 956,625 1,012,157
CAPITAL AND RESERVES
Called up share capital 14 51 51
Other reserves 49 49
Income Statement 956,525 1,012,057
SHAREHOLDERS' FUNDS 956,625 1,012,157
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr S J Masterson
Director
29 May 2026
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hire or Buy Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01386833 . The registered office is Cosy Corner, Little Paxton, St. Neots, Cambridgeshire, PE19 6EH.
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.
Consolidation
The company is a parent company subject to the small companies regime. The company and its subsidiaries comprise a small group. The company is therefore not required to and has not chosen to prepare group accounts.
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.
Hire of machinery
Turnover is recognised for the period which the hire relates to.
Service of machinery
Turnover is recognised at point of the service being completed.
Repair of machinery
Turnover is recognised at the completion of the repair.
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 income statement over its estimated economic life of 10 years.
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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 depreciated over the lease terms.
Plant & Machinery at variable rates on reducing balance.
Motor Vehicles 25% on reducing balance.
Fixtures & Fittings 15% on reducing balance.
Computer Equipment 33.3% 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 income statement 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 income statement 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.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2024: 31)
32 31
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 61,833
As at 31 December 2025 61,833
Amortisation
As at 1 January 2025 61,833
As at 31 December 2025 61,833
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2025 90,138 3,383,030 3,473,168
Additions - 419,465 419,465
Disposals - (260,414 ) (260,414 )
As at 31 December 2025 90,138 3,542,081 3,632,219
Depreciation
As at 1 January 2025 75,408 1,656,239 1,731,647
Provided during the period 1,203 497,722 498,925
Disposals - (233,955 ) (233,955 )
As at 31 December 2025 76,611 1,920,006 1,996,617
Net Book Value
As at 31 December 2025 13,527 1,622,075 1,635,602
As at 1 January 2025 14,730 1,726,791 1,741,521
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Page 6
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 1,256,729 1,313,223
Motor Vehicles 121,365 170,429
1,378,094 1,483,652
6. Investments
Subsidiaries Unlisted Total
£ £ £
Cost or Valuation
As at 1 January 2025 15 1,300 1,315
As at 31 December 2025 15 1,300 1,315
Provision
As at 1 January 2025 - - -
As at 31 December 2025 - - -
Net Book Value
As at 31 December 2025 15 1,300 1,315
As at 1 January 2025 15 1,300 1,315
7. Stocks
2025 2024
£ £
Stock 257,605 250,749
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 356,217 383,165
Other debtors 37,596 35,877
393,813 419,042
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 355,923 343,889
Trade creditors 299,215 268,438
Bank loans and overdrafts 35,396 35,885
Other creditors 21,577 18,020
Taxation and social security 88,760 35,564
800,871 701,796
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 697,849 799,532
Bank loans - 5,000
697,849 804,532
11. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,053,771 1,143,421
Bank loans and overdrafts 30,396 25,885
12. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 355,923 343,889
Later than one year and not later than five years 697,849 799,532
1,053,772 1,143,421
1,053,772 1,143,421
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13. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 306,552 315,017
14. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 51 51
15. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 112,815 107,815
Later than one year and not later than five years 241,475 296,140
Later than five years 30,450 83,600
384,740 487,555
16. Ultimate Controlling Party
The company's ultimate controlling party is Mr SJ Masterson.
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