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 09854962 Neil Record Jocelin Harris Henry Allan Howard Long iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09854962 2022-11-30 09854962 2023-11-30 09854962 2022-12-01 2023-11-30 09854962 frs-core:CurrentFinancialInstruments 2023-11-30 09854962 frs-core:Non-currentFinancialInstruments 2023-11-30 09854962 frs-core:ComputerEquipment 2023-11-30 09854962 frs-core:ComputerEquipment 2022-12-01 2023-11-30 09854962 frs-core:ComputerEquipment 2022-11-30 09854962 frs-core:FurnitureFittings 2023-11-30 09854962 frs-core:FurnitureFittings 2022-12-01 2023-11-30 09854962 frs-core:FurnitureFittings 2022-11-30 09854962 frs-core:SharePremium 2023-11-30 09854962 frs-core:ShareCapital 2023-11-30 09854962 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09854962 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09854962 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09854962 frs-bus:SmallEntities 2022-12-01 2023-11-30 09854962 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09854962 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09854962 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 09854962 frs-bus:OrdinaryShareClass1 2023-11-30 09854962 frs-bus:Director1 2022-12-01 2023-11-30 09854962 frs-bus:Director2 2022-12-01 2023-11-30 09854962 frs-bus:Director3 2022-12-01 2023-11-30 09854962 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 09854962 frs-countries:EnglandWales 2022-12-01 2023-11-30 09854962 2021-11-30 09854962 2022-11-30 09854962 2021-12-01 2022-11-30 09854962 frs-core:CurrentFinancialInstruments 2022-11-30 09854962 frs-core:Non-currentFinancialInstruments 2022-11-30 09854962 frs-core:SharePremium 2022-11-30 09854962 frs-core:ShareCapital 2022-11-30 09854962 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 09854962 frs-bus:OrdinaryShareClass1 2021-12-01 2022-11-30
Registered number: 09854962
Dagny Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09854962
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 63,707 79,271
Cash at bank and in hand 105,255 72,491
168,962 151,762
Creditors: Amounts Falling Due Within One Year 6 (32,696 ) (33,258 )
NET CURRENT ASSETS (LIABILITIES) 136,266 118,504
TOTAL ASSETS LESS CURRENT LIABILITIES 136,266 118,504
Creditors: Amounts Falling Due After More Than One Year 7 (17,565 ) (27,453 )
NET ASSETS 118,701 91,051
CAPITAL AND RESERVES
Called up share capital 8 5,256 4,056
Share premium account 1,391,075 1,242,275
Profit and Loss Account (1,277,630 ) (1,155,280 )
SHAREHOLDERS' FUNDS 118,701 91,051
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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
Henry Allan
Director
16 April 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
Dagny Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09854962 . The registered office is 15 Belgrave Square, London, SW1X 8PS.
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:
Fixtures & Fittings 25% p.a. on cost
Computer Equipment 25% p.a. on cost
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 646 18,425 19,071
Additions - 75 75
As at 30 November 2023 646 18,500 19,146
Depreciation
As at 1 December 2022 646 18,425 19,071
Provided during the period - 75 75
As at 30 November 2023 646 18,500 19,146
Net Book Value
As at 30 November 2023 - - -
As at 1 December 2022 - - -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 39,602 27,440
Prepayments and accrued income - 13,490
Corporation tax recoverable assets 24,105 38,341
63,707 79,271
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,648 10,648
Other taxes and social security 6,644 7,108
VAT 8,327 12,659
Accruals and deferred income 7,077 2,843
32,696 33,258
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,565 27,453
17,565 27,453
A Government backed, bank Bounce Back Loan of £50,000 was taken during 2020. Repayments commenced in Septemeber 2021 and are monthly for 5 years with fixed installments of £887 per month. Interest has been paid since September 2021. Installments due in the next 12 months are included under Creditors:Amounts Falling Due within One Year above. 
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8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
5,256 Ordinary Shares of £ 1 each 5,256 4,056
Shares issued during the period: £
1,200 Ordinary Shares of £ 1 each 1,200
New shares were issued during the year. In March 2023 1043 ordinary shares were issued with a nominal value of £1 each for a total consideration of £130,375 and in April 2023, a further 157 ordinary shares were issued with a nominal value of £1 each for a total consideration of £19,625.
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