Acorah Software Products - Accounts Production 14.5.501 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 07656534 Mr Darren Smith Darren Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07656534 2022-06-30 07656534 2023-06-30 07656534 2022-07-01 2023-06-30 07656534 frs-core:CurrentFinancialInstruments 2023-06-30 07656534 frs-core:Non-currentFinancialInstruments 2023-06-30 07656534 frs-core:MotorVehicles 2023-06-30 07656534 frs-core:MotorVehicles 2022-07-01 2023-06-30 07656534 frs-core:MotorVehicles 2022-06-30 07656534 frs-core:ShareCapital 2023-06-30 07656534 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07656534 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07656534 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 07656534 frs-bus:SmallEntities 2022-07-01 2023-06-30 07656534 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07656534 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07656534 1 2022-07-01 2023-06-30 07656534 frs-bus:Director1 2022-07-01 2023-06-30 07656534 1 2022-07-01 2023-06-30 07656534 frs-countries:EnglandWales 2022-07-01 2023-06-30 07656534 2021-06-30 07656534 2022-06-30 07656534 2021-07-01 2022-06-30 07656534 frs-core:CurrentFinancialInstruments 2022-06-30 07656534 frs-core:Non-currentFinancialInstruments 2022-06-30 07656534 frs-core:ShareCapital 2022-06-30 07656534 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30 07656534 1 2021-07-01 2022-06-30
Registered number: 07656534
D Smith Constructions Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Paul Monaghan Chartered Accountant
ICAEW
18 Hartshill Close
Uxbridge
Middlesex
UB10 9LH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07656534
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,203 3,200
21,203 3,200
CURRENT ASSETS
Debtors 5 19,883 34,022
Cash at bank and in hand 5,775 1,129
25,658 35,151
Creditors: Amounts Falling Due Within One Year 6 (24,468 ) (33,003 )
NET CURRENT ASSETS (LIABILITIES) 1,190 2,148
TOTAL ASSETS LESS CURRENT LIABILITIES 22,393 5,348
Creditors: Amounts Falling Due After More Than One Year 7 (12,345 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,029 ) (608 )
NET ASSETS 6,019 4,740
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 5,919 4,640
SHAREHOLDERS' FUNDS 6,019 4,740
Page 1
Page 2
For the year ending 30 June 2023 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 Profit and Loss Account.
On behalf of the board
Mr Darren Smith
Director
23 March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
D Smith Constructions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07656534 . The registered office is 15A Grange Close, Hayes, Middlesex, UB3 2RU.
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
The turnover shown in the profit and loss account represents revenue earned during the year based on work done for and accepted by clients, excluding VAT.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 7 years
2.4. 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 profit and loss account as incurred.
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 year 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 asset reflects 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.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Director 1 1
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 July 2022 3,995
Additions 23,239
Disposals (3,995 )
As at 30 June 2023 23,239
Depreciation
As at 1 July 2022 795
Provided during the period 3,366
Disposals (2,125 )
As at 30 June 2023 2,036
Net Book Value
As at 30 June 2023 21,203
As at 1 July 2022 3,200
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,773 8,566
Prepayments and accrued income - 11,443
Other debtors 459 459
Other taxes and social security 6,651 13,554
19,883 34,022
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,450 -
Bank loans and overdrafts - 613
Corporation tax 3,417 13,199
VAT 12,231 150
Accruals and deferred income 1,150 1,350
Director's loan account 5,220 17,691
24,468 33,003
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,345 -
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 32,500 32,500
10. Ultimate Controlling Party
The company's ultimate controlling party is Darren Smith by virtue of his ownership of 100% of the issued share capital in the company.
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