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Registered number: 14459534
Hale Ducting Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
striveX Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14459534
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,310 13,801
16,310 13,801
CURRENT ASSETS
Debtors 5 147,363 77,174
Cash at bank and in hand 67,210 38,831
214,573 116,005
Creditors: Amounts Falling Due Within One Year 6 (86,186 ) (44,140 )
NET CURRENT ASSETS (LIABILITIES) 128,387 71,865
TOTAL ASSETS LESS CURRENT LIABILITIES 144,697 85,666
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,078 ) (3,450 )
NET ASSETS 140,619 82,216
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 140,617 82,214
SHAREHOLDERS' FUNDS 140,619 82,216
Page 1
Page 2
For the year ending 30 November 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 Emma Smith
Director
03/07/2026
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
Hale Ducting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14459534 . The registered office is 142 Main Road, Naphill, High Wycombe, HP14 4RU.
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. The date of transition was 1 December 2024. The only adjustment arising on transition relates to the recognition of deferred tax in accordance with FRS 102. Under previous UK GAAP, deferred tax was not recognised in respect of these timing differences. The adjustment has affected the profit for the comparative period.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33.3% Straight Line
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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.
...CONTINUED
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2.5. Taxation - continued
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: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2024 5,011 14,495 335 19,841
Additions - 17,990 1,056 19,046
Disposals - (14,495 ) - (14,495 )
As at 30 November 2025 5,011 17,990 1,391 24,392
Depreciation
As at 1 December 2024 2,192 3,624 224 6,040
Provided during the period 705 4,498 463 5,666
Disposals - (3,624 ) - (3,624 )
As at 30 November 2025 2,897 4,498 687 8,082
Net Book Value
As at 30 November 2025 2,114 13,492 704 16,310
As at 1 December 2024 2,819 10,871 111 13,801
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 81,925 37,260
Other debtors 65,438 39,914
147,363 77,174
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 26,591 2,167
Taxation and social security 59,595 41,973
86,186 44,140
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 5