Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 August 2022 false 1 April 2023 31 March 2024 31 March 2024 12117702 Mr Samuel Pearson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12117702 2023-03-31 12117702 2024-03-31 12117702 2023-04-01 2024-03-31 12117702 frs-core:CurrentFinancialInstruments 2024-03-31 12117702 frs-core:Non-currentFinancialInstruments 2024-03-31 12117702 frs-core:ComputerEquipment 2024-03-31 12117702 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12117702 frs-core:ComputerEquipment 2023-03-31 12117702 frs-core:MotorVehicles 2024-03-31 12117702 frs-core:MotorVehicles 2023-04-01 2024-03-31 12117702 frs-core:MotorVehicles 2023-03-31 12117702 frs-core:PlantMachinery 2024-03-31 12117702 frs-core:PlantMachinery 2023-04-01 2024-03-31 12117702 frs-core:PlantMachinery 2023-03-31 12117702 frs-core:ShareCapital 2024-03-31 12117702 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12117702 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12117702 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12117702 frs-bus:SmallEntities 2023-04-01 2024-03-31 12117702 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12117702 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12117702 frs-bus:Director1 2023-04-01 2024-03-31 12117702 frs-bus:Director1 2023-03-31 12117702 frs-bus:Director1 2024-03-31 12117702 frs-countries:EnglandWales 2023-04-01 2024-03-31 12117702 2022-07-31 12117702 2023-03-31 12117702 2022-08-01 2023-03-31 12117702 frs-core:CurrentFinancialInstruments 2023-03-31 12117702 frs-core:Non-currentFinancialInstruments 2023-03-31 12117702 frs-core:ShareCapital 2023-03-31 12117702 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12117702
D&S Sprinklers Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12117702
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,816 977
45,816 977
CURRENT ASSETS
Debtors 5 103,528 86,051
Cash at bank and in hand 59,512 8,946
163,040 94,997
Creditors: Amounts Falling Due Within One Year 6 (63,194 ) (24,334 )
NET CURRENT ASSETS (LIABILITIES) 99,846 70,663
TOTAL ASSETS LESS CURRENT LIABILITIES 145,662 71,640
Creditors: Amounts Falling Due After More Than One Year 7 (13,014 ) -
NET ASSETS 132,648 71,640
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 132,548 71,540
SHAREHOLDERS' FUNDS 132,648 71,640
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For the year ending 31 March 2024 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 Samuel Pearson
Director
10/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
D&S Sprinklers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12117702 . The registered office is Office 19 Arrow Mill, Queensway, Rochdale, OL11 2YW.
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 25% Straight Line
2.4. 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.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 3,260 - - 3,260
Additions 9,321 47,964 389 57,674
As at 31 March 2024 12,581 47,964 389 60,934
Depreciation
As at 1 April 2023 2,283 - - 2,283
Provided during the period 3,145 9,593 97 12,835
As at 31 March 2024 5,428 9,593 97 15,118
Net Book Value
As at 31 March 2024 7,153 38,371 292 45,816
As at 1 April 2023 977 - - 977
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 38,785 17,300
VAT 2,136 -
Other taxes and social security 52,685 65,109
Directors' loan accounts 9,922 3,642
103,528 86,051
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 25,635 1,920
Corporation tax 35,959 21,545
VAT - 869
Accruals and deferred income 1,600 -
63,194 24,334
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Santander finance 13,014 -
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Samuel Pearson 3,636 6,285 - - 9,921
The above loan is unsecured, interest free and repayable on demand.
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