Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09882973 Mrs Deborah Litchfield Mr Darren Litchfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09882973 2022-11-30 09882973 2023-11-30 09882973 2022-12-01 2023-11-30 09882973 frs-core:CurrentFinancialInstruments 2023-11-30 09882973 frs-core:Non-currentFinancialInstruments 2023-11-30 09882973 frs-core:BetweenOneFiveYears 2023-11-30 09882973 frs-core:ComputerEquipment 2023-11-30 09882973 frs-core:ComputerEquipment 2022-12-01 2023-11-30 09882973 frs-core:ComputerEquipment 2022-11-30 09882973 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 09882973 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-01 2023-11-30 09882973 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-30 09882973 frs-core:MotorVehicles 2023-11-30 09882973 frs-core:MotorVehicles 2022-12-01 2023-11-30 09882973 frs-core:MotorVehicles 2022-11-30 09882973 frs-core:PlantMachinery 2023-11-30 09882973 frs-core:PlantMachinery 2022-12-01 2023-11-30 09882973 frs-core:PlantMachinery 2022-11-30 09882973 frs-core:WithinOneYear 2023-11-30 09882973 frs-core:ShareCapital 2023-11-30 09882973 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09882973 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09882973 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09882973 frs-bus:SmallEntities 2022-12-01 2023-11-30 09882973 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09882973 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09882973 frs-bus:Director1 2022-12-01 2023-11-30 09882973 frs-bus:Director2 2022-12-01 2023-11-30 09882973 frs-countries:EnglandWales 2022-12-01 2023-11-30 09882973 2021-11-30 09882973 2022-11-30 09882973 2021-12-01 2022-11-30 09882973 frs-core:CurrentFinancialInstruments 2022-11-30 09882973 frs-core:Non-currentFinancialInstruments 2022-11-30 09882973 frs-core:BetweenOneFiveYears 2022-11-30 09882973 frs-core:MotorVehicles 2021-12-01 2022-11-30 09882973 frs-core:PlantMachinery 2021-12-01 2022-11-30 09882973 frs-core:WithinOneYear 2022-11-30 09882973 frs-core:ShareCapital 2022-11-30 09882973 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
D J Litchfield Limited
Financial Statements
For The Year Ended 30 November 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09882973
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 312 625
Tangible Assets 5 121,944 39,197
122,256 39,822
CURRENT ASSETS
Stocks 6 78,735 76,765
Debtors 7 2,260 637
80,995 77,402
Creditors: Amounts Falling Due Within One Year 8 (202,105 ) (97,754 )
NET CURRENT ASSETS (LIABILITIES) (121,110 ) (20,352 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,146 19,470
Creditors: Amounts Falling Due After More Than One Year 9 (28,526 ) (41,210 )
NET LIABILITIES (27,380 ) (21,740 )
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account (27,382 ) (21,742 )
SHAREHOLDERS' FUNDS (27,380) (21,740)
Page 1
Page 2
For the year ending 30 November 2023 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 Deborah Litchfield
Director
Mr Darren Litchfield
Director
26 March 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D J Litchfield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09882973 . The registered office is Willows Farm, Dove Walk, Uttoxeter, Staffordshire, ST14 8EJ.
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
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.
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% Straight line
Motor Vehicles 20% Reducing balance
Computer Equipment 33% Straight line
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Land Entitlements
£
Cost
As at 1 December 2022 1,250
As at 30 November 2023 1,250
Amortisation
As at 1 December 2022 625
Provided during the period 313
As at 30 November 2023 938
Net Book Value
As at 30 November 2023 312
As at 1 December 2022 625
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 80,555 - 356 80,911
Additions 107,352 17,742 - 125,094
Disposals (36,000 ) - - (36,000 )
As at 30 November 2023 151,907 17,742 356 170,005
Depreciation
As at 1 December 2022 41,358 - 356 41,714
Provided during the period 20,936 2,661 - 23,597
Disposals (17,250 ) - - (17,250 )
As at 30 November 2023 45,044 2,661 356 48,061
Net Book Value
As at 30 November 2023 106,863 15,081 - 121,944
As at 1 December 2022 39,197 - - 39,197
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Plant & Machinery 10,417 34,167
Motor Vehicles 15,080 -
25,497 34,167
Page 4
Page 5
6. Stocks
2023 2022
£ £
Stock 19,635 17,800
Valuation 59,100 58,965
78,735 76,765
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 374 -
Prepayments and accrued income 500 500
VAT 1,386 137
2,260 637
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 5,816 10,303
Trade creditors 15,395 18,943
Bank loans and overdrafts 22,136 29,019
Accruals and deferred income 790 725
Directors' loan accounts 157,968 38,764
202,105 97,754
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 16,059 21,547
Bank loans 12,467 19,663
28,526 41,210
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,984 11,460
Later than one year and not later than five years 19,703 24,800
26,687 36,260
Less: Finance charges allocated to future periods 4,812 4,410
21,875 31,850
Page 5
Page 6
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 6