Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 06557940 Mr Gary Bate Ms Jennifer Bate iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06557940 2022-03-31 06557940 2023-03-31 06557940 2022-04-01 2023-03-31 06557940 frs-core:CurrentFinancialInstruments 2023-03-31 06557940 frs-core:MotorVehicles 2023-03-31 06557940 frs-core:MotorVehicles 2022-04-01 2023-03-31 06557940 frs-core:MotorVehicles 2022-03-31 06557940 frs-core:PlantMachinery 2023-03-31 06557940 frs-core:PlantMachinery 2022-04-01 2023-03-31 06557940 frs-core:PlantMachinery 2022-03-31 06557940 frs-core:ShareCapital 2023-03-31 06557940 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06557940 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06557940 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 06557940 frs-bus:SmallEntities 2022-04-01 2023-03-31 06557940 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06557940 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06557940 frs-bus:Director1 2022-04-01 2023-03-31 06557940 frs-bus:Director2 2022-04-01 2023-03-31 06557940 frs-countries:EnglandWales 2022-04-01 2023-03-31 06557940 2021-03-31 06557940 2022-03-31 06557940 2021-04-01 2022-03-31 06557940 frs-core:CurrentFinancialInstruments 2022-03-31 06557940 frs-core:ShareCapital 2022-03-31 06557940 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 06557940
Derbyshire Arms Limited
Financial Statements
For The Year Ended 31 March 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06557940
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 812 1,015
812 1,015
CURRENT ASSETS
Stocks 5 22,126 22,126
Debtors 6 - 1,176
Cash at bank and in hand 10,868 2,751
32,994 26,053
Creditors: Amounts Falling Due Within One Year 7 (92,239 ) (86,410 )
NET CURRENT ASSETS (LIABILITIES) (59,245 ) (60,357 )
TOTAL ASSETS LESS CURRENT LIABILITIES (58,433 ) (59,342 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (154 ) (241 )
NET LIABILITIES (58,587 ) (59,583 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (58,589 ) (59,585 )
SHAREHOLDERS' FUNDS (58,587) (59,583)
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For the year ending 31 March 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
Mr Gary Bate
Director
8 April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Derbyshire Arms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06557940 . The registered office is 52 Scropton Road, Hatton, Derbyshire, DE65 5DS.
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 20% reducing balance
Motor Vehicles 20% reducing balance
2.4. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2022 13,430 7,500 20,930
As at 31 March 2023 13,430 7,500 20,930
Depreciation
As at 1 April 2022 12,828 7,087 19,915
Provided during the period 83 120 203
As at 31 March 2023 12,911 7,207 20,118
Net Book Value
As at 31 March 2023 519 293 812
As at 1 April 2022 602 413 1,015
5. Stocks
2023 2022
£ £
Stock 22,126 22,126
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 575
Other debtors - 601
- 1,176
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts - 1,657
Other taxes and social security - 403
Other creditors 91,878 83,751
Accruals and deferred income 361 599
92,239 86,410
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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