Acorah Software Products - Accounts Production 12.4.002 false 1 April 2021 31 March 2022 31 March 2022 03953086 Mr P Webster Mr R Webster Mr R Webster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03953086 2021-03-31 03953086 2022-03-31 03953086 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 2021-04-01 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 2022-03-31 03953086 frs-core:AfterOneYear 2021-04-01 2022-03-31 03953086 frs-core:BetweenOneFiveYears 2021-04-01 2022-03-31 03953086 frs-core:BetweenOneFiveYears 2022-03-31 03953086 frs-core:ComputerEquipment 2022-03-31 03953086 frs-core:ComputerEquipment 2021-04-01 2022-03-31 03953086 frs-core:ComputerEquipment 2021-03-31 03953086 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-03-31 03953086 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-04-01 2022-03-31 03953086 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-03-31 03953086 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 03953086 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-04-01 2022-03-31 03953086 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-03-31 03953086 frs-core:FurnitureFittings 2022-03-31 03953086 frs-core:FurnitureFittings 2021-04-01 2022-03-31 03953086 frs-core:FurnitureFittings 2021-03-31 03953086 frs-core:NetGoodwill 2022-03-31 03953086 frs-core:NetGoodwill 2021-04-01 2022-03-31 03953086 frs-core:NetGoodwill 2021-03-31 03953086 frs-core:InvestmentPropertyIncludedWithinPPE 2022-03-31 03953086 frs-core:InvestmentPropertyIncludedWithinPPE 2021-04-01 2022-03-31 03953086 frs-core:InvestmentPropertyIncludedWithinPPE 2021-03-31 03953086 frs-core:LandBuildings 2022-03-31 03953086 frs-core:LandBuildings 2021-04-01 2022-03-31 03953086 frs-core:LandBuildings 2021-03-31 03953086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-03-31 03953086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03953086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-03-31 03953086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-03-31 03953086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03953086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-03-31 03953086 frs-core:MoreThanFiveYears 2021-04-01 2022-03-31 03953086 frs-core:MoreThanFiveYears 2022-03-31 03953086 frs-core:MotorVehicles 2022-03-31 03953086 frs-core:MotorVehicles 2021-04-01 2022-03-31 03953086 frs-core:MotorVehicles 2021-03-31 03953086 frs-core:OtherResidualIntangibleAssets 2022-03-31 03953086 frs-core:OtherResidualIntangibleAssets 2021-04-01 2022-03-31 03953086 frs-core:OtherResidualIntangibleAssets 2021-03-31 03953086 frs-core:PlantMachinery 2022-03-31 03953086 frs-core:PlantMachinery 2021-04-01 2022-03-31 03953086 frs-core:PlantMachinery 2021-03-31 03953086 frs-core:Secured 2022-03-31 03953086 frs-core:Unsecured 2022-03-31 03953086 frs-core:WithinOneYear 2021-04-01 2022-03-31 03953086 frs-core:WithinOneYear 2022-03-31 03953086 frs-core:CapitalRedemptionReserve 2021-04-01 2022-03-31 03953086 frs-core:CapitalRedemptionReserve 2021-03-31 03953086 frs-core:CapitalRedemptionReserve 2022-03-31 03953086 frs-core:OtherReservesSubtotal 2021-04-01 2022-03-31 03953086 frs-core:OtherReservesSubtotal 2021-03-31 03953086 frs-core:OtherReservesSubtotal 2022-03-31 03953086 frs-core:RevaluationReserve 2021-04-01 2022-03-31 03953086 frs-core:RevaluationReserve 2021-03-31 03953086 frs-core:RevaluationReserve 2022-03-31 03953086 frs-core:SharePremium 2021-04-01 2022-03-31 03953086 frs-core:SharePremium 2021-03-31 03953086 frs-core:SharePremium 2022-03-31 03953086 frs-core:ShareCapital 2021-04-01 2022-03-31 03953086 frs-core:ShareCapital 2021-03-31 03953086 frs-core:ShareCapital 2022-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses 2021-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2021-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2022-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2021-03-31 03953086 frs-countries:UnitedKingdom 2021-04-01 2022-03-31 03953086 frs-countries:Europe 2021-04-01 2022-03-31 03953086 frs-countries:NorthAmerica 2021-04-01 2022-03-31 03953086 frs-countries:SouthAmerica 2021-04-01 2022-03-31 03953086 frs-countries:Asia 2021-04-01 2022-03-31 03953086 frs-countries:RestWorldOutsideUK 2021-04-01 2022-03-31 03953086 frs-bus:HighestPaidDirector 2021-04-01 2022-03-31 03953086 frs-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03953086 frs-bus:CompanyLimitedByGuarantee 2021-04-01 2022-03-31 03953086 frs-bus:LimitedLiabilityPartnershipLLP 2021-04-01 2022-03-31 03953086 frs-bus:LimitedLiabilityPartnershipsSORP 2021-04-01 2022-03-31 03953086 frs-bus:FullAccounts 2021-04-01 2022-03-31 03953086 frs-bus:AbbreviatedAccounts 2021-04-01 2022-03-31 03953086 frs-bus:AbridgedAccounts 2021-04-01 2022-03-31 03953086 frs-bus:FRS102 2021-04-01 2022-03-31 03953086 frs-bus:EntityHasNeverTraded 2021-04-01 2022-03-31 03953086 frs-bus:EntityNoLongerTradingButTradedInPast 2021-04-01 2022-03-31 03953086 frs-bus:Audited 2021-04-01 2022-03-31 03953086 frs-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 03953086 frs-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 03953086 frs-bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 03953086 frs-bus:OrdinaryShareClass1 2021-04-01 2022-03-31 03953086 frs-bus:OrdinaryShareClass1 2021-03-31 03953086 frs-bus:OrdinaryShareClass1 2022-03-31 03953086 frs-bus:OrdinaryShareClass2 2021-04-01 2022-03-31 03953086 frs-bus:OrdinaryShareClass2 2021-03-31 03953086 frs-bus:OrdinaryShareClass2 2022-03-31 03953086 frs-bus:OrdinaryShareClass3 2021-04-01 2022-03-31 03953086 frs-bus:OrdinaryShareClass3 2021-03-31 03953086 frs-bus:OrdinaryShareClass3 2022-03-31 03953086 frs-bus:OrdinaryShareClass4 2021-04-01 2022-03-31 03953086 frs-bus:OrdinaryShareClass4 2021-03-31 03953086 frs-bus:OrdinaryShareClass4 2022-03-31 03953086 frs-bus:OrdinaryShareClass5 2021-04-01 2022-03-31 03953086 frs-bus:OrdinaryShareClass5 2021-03-31 03953086 frs-bus:OrdinaryShareClass5 2022-03-31 03953086 frs-bus:PreferenceShareClass1 2021-04-01 2022-03-31 03953086 frs-bus:PreferenceShareClass1 2021-03-31 03953086 frs-bus:PreferenceShareClass1 2022-03-31 03953086 frs-bus:PreferenceShareClass2 2021-04-01 2022-03-31 03953086 frs-bus:PreferenceShareClass2 2021-03-31 03953086 frs-bus:PreferenceShareClass2 2022-03-31 03953086 frs-bus:PreferenceShareClass3 2021-04-01 2022-03-31 03953086 frs-bus:PreferenceShareClass3 2021-03-31 03953086 frs-bus:PreferenceShareClass3 2022-03-31 03953086 frs-bus:PreferenceShareClass4 2021-04-01 2022-03-31 03953086 frs-bus:PreferenceShareClass4 2021-03-31 03953086 frs-bus:PreferenceShareClass4 2022-03-31 03953086 frs-bus:PreferenceShareClass5 2021-04-01 2022-03-31 03953086 frs-bus:PreferenceShareClass5 2021-03-31 03953086 frs-bus:PreferenceShareClass5 2022-03-31 03953086 1 2021-04-01 2022-03-31 03953086 frs-core:LeasedAssets 2021-04-01 2022-03-31 03953086 frs-core:OwnedAssets 2021-04-01 2022-03-31 03953086 frs-core:CurrencyRisk 2021-04-01 2022-03-31 03953086 frs-core:MarketRisk 2021-04-01 2022-03-31 03953086 frs-core:InterestRateRisk 2021-04-01 2022-03-31 03953086 frs-core:DeferredTaxation 2021-04-01 2022-03-31 03953086 frs-core:DeferredTaxation 2021-03-31 03953086 frs-core:DeferredTaxation 2022-03-31 03953086 frs-core:OtherProvisionsContingentLiabilities 2021-04-01 2022-03-31 03953086 frs-core:OtherProvisionsContingentLiabilities 2021-03-31 03953086 frs-core:OtherProvisionsContingentLiabilities 2022-03-31 03953086 frs-core:ProvisionsDeferredTax 2022-03-31 03953086 frs-core:OtherDeferredTax 2022-03-31 03953086 frs-core:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03953086 frs-core:TaxLossesCarry-forwardsDeferredTax 2022-03-31 03953086 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2022-03-31 03953086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-04-01 2022-03-31 03953086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-03-31 03953086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-03-31 03953086 dpl-frs:CostSales 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales 2021-03-31 03953086 dpl-frs:CostSales 2022-03-31 03953086 dpl-frs:DistributionCosts 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses 2021-04-01 2022-03-31 03953086 frs-bus:Director1 2021-04-01 2022-03-31 03953086 frs-bus:Director1 2021-03-31 03953086 frs-bus:Director1 2022-03-31 03953086 frs-bus:Director2 2021-04-01 2022-03-31 03953086 frs-bus:Director2 2021-03-31 03953086 frs-bus:Director2 2022-03-31 03953086 frs-bus:CompanySecretary1 2021-04-01 2022-03-31 03953086 1 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 1 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 1 2022-03-31 03953086 2 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 2 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 2 2022-03-31 03953086 3 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 3 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 3 2022-03-31 03953086 4 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 4 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 4 2022-03-31 03953086 5 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 5 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 5 2022-03-31 03953086 6 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 6 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 6 2022-03-31 03953086 7 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 7 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 7 2022-03-31 03953086 8 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 8 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 8 2022-03-31 03953086 9 2021-04-01 2022-03-31 03953086 frs-core:CurrentFinancialInstruments 9 2022-03-31 03953086 frs-core:Non-currentFinancialInstruments 9 2022-03-31 03953086 dpl-frs:Item1 2021-04-01 2022-03-31 03953086 dpl-frs:Item1 2021-03-31 03953086 dpl-frs:Item1 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item1 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item1 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item1 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item1 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2021-04-01 2022-03-31 03953086 dpl-frs:Item2 2021-04-01 2022-03-31 03953086 dpl-frs:Item2 2021-03-31 03953086 dpl-frs:Item2 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item2 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item2 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item2 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item2 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2021-04-01 2022-03-31 03953086 dpl-frs:Item3 2021-04-01 2022-03-31 03953086 dpl-frs:Item3 2021-03-31 03953086 dpl-frs:Item3 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item3 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item3 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item3 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item3 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2021-04-01 2022-03-31 03953086 dpl-frs:Item4 2021-04-01 2022-03-31 03953086 dpl-frs:Item4 2021-03-31 03953086 dpl-frs:Item4 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item4 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item4 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item4 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item4 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2021-04-01 2022-03-31 03953086 dpl-frs:Item5 2021-04-01 2022-03-31 03953086 dpl-frs:Item5 2021-03-31 03953086 dpl-frs:Item5 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item5 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item5 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item5 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item5 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2021-04-01 2022-03-31 03953086 dpl-frs:Item6 2021-04-01 2022-03-31 03953086 dpl-frs:Item6 2021-03-31 03953086 dpl-frs:Item6 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item6 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item6 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item6 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item6 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2021-04-01 2022-03-31 03953086 dpl-frs:Item7 2021-04-01 2022-03-31 03953086 dpl-frs:Item7 2021-03-31 03953086 dpl-frs:Item7 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item7 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item7 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item7 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item7 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2021-04-01 2022-03-31 03953086 dpl-frs:Item8 2021-04-01 2022-03-31 03953086 dpl-frs:Item8 2021-03-31 03953086 dpl-frs:Item8 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item8 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item8 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item8 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item8 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2021-04-01 2022-03-31 03953086 dpl-frs:Item9 2021-04-01 2022-03-31 03953086 dpl-frs:Item9 2021-03-31 03953086 dpl-frs:Item9 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item9 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item9 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item9 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item9 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2021-04-01 2022-03-31 03953086 dpl-frs:Item10 2021-04-01 2022-03-31 03953086 dpl-frs:Item10 2021-03-31 03953086 dpl-frs:Item10 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item10 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item10 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item10 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item10 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2021-04-01 2022-03-31 03953086 dpl-frs:Item11 2021-04-01 2022-03-31 03953086 dpl-frs:Item11 2021-03-31 03953086 dpl-frs:Item11 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item11 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item11 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item11 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item11 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2021-04-01 2022-03-31 03953086 dpl-frs:Item12 2021-04-01 2022-03-31 03953086 dpl-frs:Item12 2021-03-31 03953086 dpl-frs:Item12 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item12 2021-04-01 2022-03-31 03953086 dpl-frs:CostSales dpl-frs:Item12 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item12 2022-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item12 2021-04-01 2022-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2021-04-01 2022-03-31 03953086 1 2021-04-01 2022-03-31 03953086 frs-countries:EnglandWales 2021-04-01 2022-03-31 03953086 2020-03-31 03953086 2021-03-31 03953086 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 2020-04-01 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 2021-03-31 03953086 frs-core:AfterOneYear 2020-04-01 2021-03-31 03953086 frs-core:BetweenOneFiveYears 2020-04-01 2021-03-31 03953086 frs-core:BetweenOneFiveYears 2021-03-31 03953086 frs-core:ComputerEquipment 2021-03-31 03953086 frs-core:ComputerEquipment 2020-04-01 2021-03-31 03953086 frs-core:ComputerEquipment 2020-03-31 03953086 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-03-31 03953086 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-04-01 2021-03-31 03953086 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-03-31 03953086 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-03-31 03953086 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-04-01 2021-03-31 03953086 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-03-31 03953086 frs-core:FurnitureFittings 2021-03-31 03953086 frs-core:FurnitureFittings 2020-04-01 2021-03-31 03953086 frs-core:FurnitureFittings 2020-03-31 03953086 frs-core:NetGoodwill 2021-03-31 03953086 frs-core:NetGoodwill 2020-04-01 2021-03-31 03953086 frs-core:NetGoodwill 2020-03-31 03953086 frs-core:InvestmentPropertyIncludedWithinPPE 2021-03-31 03953086 frs-core:InvestmentPropertyIncludedWithinPPE 2020-04-01 2021-03-31 03953086 frs-core:InvestmentPropertyIncludedWithinPPE 2020-03-31 03953086 frs-core:LandBuildings 2021-03-31 03953086 frs-core:LandBuildings 2020-04-01 2021-03-31 03953086 frs-core:LandBuildings 2020-03-31 03953086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-03-31 03953086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-04-01 2021-03-31 03953086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-03-31 03953086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-03-31 03953086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 03953086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-03-31 03953086 frs-core:MoreThanFiveYears 2020-04-01 2021-03-31 03953086 frs-core:MoreThanFiveYears 2021-03-31 03953086 frs-core:MotorVehicles 2021-03-31 03953086 frs-core:MotorVehicles 2020-04-01 2021-03-31 03953086 frs-core:MotorVehicles 2020-03-31 03953086 frs-core:OtherResidualIntangibleAssets 2021-03-31 03953086 frs-core:OtherResidualIntangibleAssets 2020-04-01 2021-03-31 03953086 frs-core:OtherResidualIntangibleAssets 2020-03-31 03953086 frs-core:PlantMachinery 2021-03-31 03953086 frs-core:PlantMachinery 2020-04-01 2021-03-31 03953086 frs-core:PlantMachinery 2020-03-31 03953086 frs-core:Secured 2021-03-31 03953086 frs-core:Unsecured 2021-03-31 03953086 frs-core:WithinOneYear 2020-04-01 2021-03-31 03953086 frs-core:WithinOneYear 2021-03-31 03953086 frs-core:CapitalRedemptionReserve 2020-04-01 2021-03-31 03953086 frs-core:CapitalRedemptionReserve 2020-03-31 03953086 frs-core:CapitalRedemptionReserve 2021-03-31 03953086 frs-core:OtherReservesSubtotal 2020-04-01 2021-03-31 03953086 frs-core:OtherReservesSubtotal 2020-03-31 03953086 frs-core:OtherReservesSubtotal 2021-03-31 03953086 frs-core:RevaluationReserve 2020-04-01 2021-03-31 03953086 frs-core:RevaluationReserve 2020-03-31 03953086 frs-core:RevaluationReserve 2021-03-31 03953086 frs-core:SharePremium 2020-04-01 2021-03-31 03953086 frs-core:SharePremium 2020-03-31 03953086 frs-core:SharePremium 2021-03-31 03953086 frs-core:ShareCapital 2020-04-01 2021-03-31 03953086 frs-core:ShareCapital 2020-03-31 03953086 frs-core:ShareCapital 2021-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses 2020-04-01 2021-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses 2020-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses 2021-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2020-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2021-03-31 03953086 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2020-03-31 03953086 frs-countries:UnitedKingdom 2020-04-01 2021-03-31 03953086 frs-countries:Europe 2020-04-01 2021-03-31 03953086 frs-countries:NorthAmerica 2020-04-01 2021-03-31 03953086 frs-countries:SouthAmerica 2020-04-01 2021-03-31 03953086 frs-countries:Asia 2020-04-01 2021-03-31 03953086 frs-countries:RestWorldOutsideUK 2020-04-01 2021-03-31 03953086 frs-bus:HighestPaidDirector 2020-04-01 2021-03-31 03953086 frs-bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 03953086 frs-bus:CompanyLimitedByGuarantee 2020-04-01 2021-03-31 03953086 frs-bus:LimitedLiabilityPartnershipLLP 2020-04-01 2021-03-31 03953086 frs-bus:LimitedLiabilityPartnershipsSORP 2020-04-01 2021-03-31 03953086 frs-bus:FullAccounts 2020-04-01 2021-03-31 03953086 frs-bus:AbbreviatedAccounts 2020-04-01 2021-03-31 03953086 frs-bus:AbridgedAccounts 2020-04-01 2021-03-31 03953086 frs-bus:FRS102 2020-04-01 2021-03-31 03953086 frs-bus:EntityHasNeverTraded 2020-04-01 2021-03-31 03953086 frs-bus:EntityNoLongerTradingButTradedInPast 2020-04-01 2021-03-31 03953086 frs-bus:Audited 2020-04-01 2021-03-31 03953086 frs-bus:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 03953086 frs-bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 03953086 frs-bus:SmallCompaniesRegimeForAccounts 2020-04-01 2021-03-31 03953086 frs-bus:OrdinaryShareClass1 2020-04-01 2021-03-31 03953086 frs-bus:OrdinaryShareClass1 2020-03-31 03953086 frs-bus:OrdinaryShareClass1 2021-03-31 03953086 frs-bus:OrdinaryShareClass2 2020-04-01 2021-03-31 03953086 frs-bus:OrdinaryShareClass2 2020-03-31 03953086 frs-bus:OrdinaryShareClass2 2021-03-31 03953086 frs-bus:OrdinaryShareClass3 2020-04-01 2021-03-31 03953086 frs-bus:OrdinaryShareClass3 2020-03-31 03953086 frs-bus:OrdinaryShareClass3 2021-03-31 03953086 frs-bus:OrdinaryShareClass4 2020-04-01 2021-03-31 03953086 frs-bus:OrdinaryShareClass4 2020-03-31 03953086 frs-bus:OrdinaryShareClass4 2021-03-31 03953086 frs-bus:OrdinaryShareClass5 2020-04-01 2021-03-31 03953086 frs-bus:OrdinaryShareClass5 2020-03-31 03953086 frs-bus:OrdinaryShareClass5 2021-03-31 03953086 frs-bus:PreferenceShareClass1 2020-04-01 2021-03-31 03953086 frs-bus:PreferenceShareClass1 2020-03-31 03953086 frs-bus:PreferenceShareClass1 2021-03-31 03953086 frs-bus:PreferenceShareClass2 2020-04-01 2021-03-31 03953086 frs-bus:PreferenceShareClass2 2020-03-31 03953086 frs-bus:PreferenceShareClass2 2021-03-31 03953086 frs-bus:PreferenceShareClass3 2020-04-01 2021-03-31 03953086 frs-bus:PreferenceShareClass3 2020-03-31 03953086 frs-bus:PreferenceShareClass3 2021-03-31 03953086 frs-bus:PreferenceShareClass4 2020-04-01 2021-03-31 03953086 frs-bus:PreferenceShareClass4 2020-03-31 03953086 frs-bus:PreferenceShareClass4 2021-03-31 03953086 frs-bus:PreferenceShareClass5 2020-04-01 2021-03-31 03953086 frs-bus:PreferenceShareClass5 2020-03-31 03953086 frs-bus:PreferenceShareClass5 2021-03-31 03953086 1 2020-04-01 2021-03-31 03953086 frs-core:LeasedAssets 2020-04-01 2021-03-31 03953086 frs-core:OwnedAssets 2020-04-01 2021-03-31 03953086 frs-core:CurrencyRisk 2020-04-01 2021-03-31 03953086 frs-core:MarketRisk 2020-04-01 2021-03-31 03953086 frs-core:InterestRateRisk 2020-04-01 2021-03-31 03953086 frs-core:DeferredTaxation 2020-04-01 2021-03-31 03953086 frs-core:DeferredTaxation 2020-03-31 03953086 frs-core:DeferredTaxation 2021-03-31 03953086 frs-core:OtherProvisionsContingentLiabilities 2020-04-01 2021-03-31 03953086 frs-core:OtherProvisionsContingentLiabilities 2020-03-31 03953086 frs-core:OtherProvisionsContingentLiabilities 2021-03-31 03953086 frs-core:ProvisionsDeferredTax 2021-03-31 03953086 frs-core:OtherDeferredTax 2021-03-31 03953086 frs-core:AcceleratedTaxDepreciationDeferredTax 2021-03-31 03953086 frs-core:TaxLossesCarry-forwardsDeferredTax 2021-03-31 03953086 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2021-03-31 03953086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-04-01 2021-03-31 03953086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-03-31 03953086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-03-31 03953086 dpl-frs:CostSales 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales 2020-03-31 03953086 dpl-frs:CostSales 2021-03-31 03953086 dpl-frs:DistributionCosts 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses 2020-04-01 2021-03-31 03953086 frs-bus:Director1 2020-04-01 2021-03-31 03953086 frs-bus:Director1 2020-03-31 03953086 frs-bus:Director1 2021-03-31 03953086 frs-bus:Director2 2020-04-01 2021-03-31 03953086 frs-bus:Director2 2020-03-31 03953086 frs-bus:Director2 2021-03-31 03953086 frs-bus:CompanySecretary1 2020-04-01 2021-03-31 03953086 1 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 1 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 1 2021-03-31 03953086 2 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 2 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 2 2021-03-31 03953086 3 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 3 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 3 2021-03-31 03953086 4 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 4 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 4 2021-03-31 03953086 5 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 5 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 5 2021-03-31 03953086 6 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 6 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 6 2021-03-31 03953086 7 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 7 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 7 2021-03-31 03953086 8 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 8 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 8 2021-03-31 03953086 9 2020-04-01 2021-03-31 03953086 frs-core:CurrentFinancialInstruments 9 2021-03-31 03953086 frs-core:Non-currentFinancialInstruments 9 2021-03-31 03953086 dpl-frs:Item1 2020-04-01 2021-03-31 03953086 dpl-frs:Item1 2020-03-31 03953086 dpl-frs:Item1 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item1 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item1 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item1 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item1 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2020-04-01 2021-03-31 03953086 dpl-frs:Item2 2020-04-01 2021-03-31 03953086 dpl-frs:Item2 2020-03-31 03953086 dpl-frs:Item2 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item2 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item2 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item2 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item2 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2020-04-01 2021-03-31 03953086 dpl-frs:Item3 2020-04-01 2021-03-31 03953086 dpl-frs:Item3 2020-03-31 03953086 dpl-frs:Item3 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item3 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item3 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item3 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item3 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2020-04-01 2021-03-31 03953086 dpl-frs:Item4 2020-04-01 2021-03-31 03953086 dpl-frs:Item4 2020-03-31 03953086 dpl-frs:Item4 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item4 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item4 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item4 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item4 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2020-04-01 2021-03-31 03953086 dpl-frs:Item5 2020-04-01 2021-03-31 03953086 dpl-frs:Item5 2020-03-31 03953086 dpl-frs:Item5 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item5 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item5 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item5 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item5 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2020-04-01 2021-03-31 03953086 dpl-frs:Item6 2020-04-01 2021-03-31 03953086 dpl-frs:Item6 2020-03-31 03953086 dpl-frs:Item6 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item6 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item6 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item6 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item6 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2020-04-01 2021-03-31 03953086 dpl-frs:Item7 2020-04-01 2021-03-31 03953086 dpl-frs:Item7 2020-03-31 03953086 dpl-frs:Item7 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item7 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item7 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item7 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item7 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2020-04-01 2021-03-31 03953086 dpl-frs:Item8 2020-04-01 2021-03-31 03953086 dpl-frs:Item8 2020-03-31 03953086 dpl-frs:Item8 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item8 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item8 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item8 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item8 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2020-04-01 2021-03-31 03953086 dpl-frs:Item9 2020-04-01 2021-03-31 03953086 dpl-frs:Item9 2020-03-31 03953086 dpl-frs:Item9 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item9 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item9 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item9 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item9 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2020-04-01 2021-03-31 03953086 dpl-frs:Item10 2020-04-01 2021-03-31 03953086 dpl-frs:Item10 2020-03-31 03953086 dpl-frs:Item10 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item10 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item10 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item10 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item10 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2020-04-01 2021-03-31 03953086 dpl-frs:Item11 2020-04-01 2021-03-31 03953086 dpl-frs:Item11 2020-03-31 03953086 dpl-frs:Item11 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item11 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item11 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item11 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item11 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2020-04-01 2021-03-31 03953086 dpl-frs:Item12 2020-04-01 2021-03-31 03953086 dpl-frs:Item12 2020-03-31 03953086 dpl-frs:Item12 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item12 2020-04-01 2021-03-31 03953086 dpl-frs:CostSales dpl-frs:Item12 2020-03-31 03953086 dpl-frs:CostSales dpl-frs:Item12 2021-03-31 03953086 dpl-frs:DistributionCosts dpl-frs:Item12 2020-04-01 2021-03-31 03953086 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2020-04-01 2021-03-31 03953086 1 2020-04-01 2021-03-31 03953086 frs-countries:EnglandWales 2020-04-01 2021-03-31
Registered number: 03953086
Maggs Shipping Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2022
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03953086
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 14,294 19,062
14,294 19,062
CURRENT ASSETS
Stocks 4 86,042 76,463
Debtors 5 73,947 69,106
Cash at bank and in hand 35,905 38,686
195,894 184,255
Creditors: Amounts Falling Due Within One Year 6 (104,253 ) (114,461 )
NET CURRENT ASSETS (LIABILITIES) 91,641 69,794
TOTAL ASSETS LESS CURRENT LIABILITIES 105,935 88,856
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,832 ) (3,738 )
NET ASSETS 103,103 85,118
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 103,003 85,018
SHAREHOLDERS' FUNDS 103,103 85,118
Page 1
Page 2
For the year ending 31 March 2022 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 R Webster
Director
20 July 2022
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
1.2. 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.
1.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 10% Straight Line
Plant and machinery 33% Reducing Balance
Motor vehicles 25% Reducing Balance
Fixtures and fittings 10% Straight Line
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 profit and loss account as incurred.
1.5. 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.
1.6. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
1.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
1.8. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
1.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.10. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2021: 5)
5 5
3. Tangible Assets
Land & Property
Freehold Plant and machinery Motor vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
As at 1 April 2021 7,126 3,088 46,080 9,383 65,677
As at 31 March 2022 7,126 3,088 46,080 9,383 65,677
Depreciation
As at 1 April 2021 7,126 3,061 27,045 9,383 46,615
Provided during the period - 9 4,759 - 4,768
As at 31 March 2022 7,126 3,070 31,804 9,383 51,383
Net Book Value
As at 31 March 2022 - 18 14,276 - 14,294
As at 1 April 2021 - 27 19,035 - 19,062
4. Stocks
2022 2021
£ £
Stock - finished goods 86,042 76,463
86,042 76,463
Page 4
Page 5
5. Debtors
2022 2021
£ £
Due within one year
Trade debtors 54,430 58,082
VAT 19,517 11,024
73,947 69,106
6. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Net obligations under finance lease and hire purchase contracts - 10,071
Trade creditors 24,391 16,655
Bank loans and overdrafts 9,714 10,469
Corporation tax 19,668 28,101
Other taxes and social security 1,420 412
Accruals and deferred income 1,237 1,237
Directors' loan accounts 47,823 47,516
104,253 114,461
7. Obligations Under Finance Leases and Hire Purchase
2022 2021
£ £
The maturity of these amounts is as follows:
Amounts Payable:
Within one year - 10,071
Between one and five years - -
- 10,071
- 10,071
8. Share Capital
2022 2021
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.


Page 5
Page 6
10. Related Party Transactions
The following related party transactions were undertaken during the year:

A director of the company withdrew amounts totalling £32,551 (2021: £34,760), introduced £1,753 (2021: £1,759) and was issued dividends of £31,000 (2021: £30,000). At the year end the company owed the director £23,976 (2021: £23,774).

A director of the company withdrew amounts totalling £32,889 (2021: £35,261), introduced £1,993 (2021: £1,953) and was issued dividends of £31,000 (2021: £30,000). At the year end date the company owed the director £23,847 (2021: £23,743).

Dividends were paid to the directors in respect of their shareholdings totalling £62,000 (2021: £60,000).

The aggregate remuneration paid to key management personnel for the year was £18,000 (2021: £17,772).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
11. General Information
Maggs Shipping Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03953086 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
Page 6