Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2021 1 July 2020 false 1 July 2021 30 June 2022 30 June 2022 07505672 Mr David Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07505672 2021-06-30 07505672 2022-06-30 07505672 2021-07-01 2022-06-30 07505672 frs-core:CurrentFinancialInstruments 2022-06-30 07505672 frs-core:ComputerEquipment 2022-06-30 07505672 frs-core:ComputerEquipment 2021-07-01 2022-06-30 07505672 frs-core:ComputerEquipment 2021-06-30 07505672 frs-core:NetGoodwill 2022-06-30 07505672 frs-core:NetGoodwill 2021-07-01 2022-06-30 07505672 frs-core:NetGoodwill 2021-06-30 07505672 frs-core:MotorVehicles 2022-06-30 07505672 frs-core:MotorVehicles 2021-07-01 2022-06-30 07505672 frs-core:MotorVehicles 2021-06-30 07505672 frs-core:PlantMachinery 2022-06-30 07505672 frs-core:PlantMachinery 2021-07-01 2022-06-30 07505672 frs-core:PlantMachinery 2021-06-30 07505672 frs-core:ShareCapital 2022-06-30 07505672 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30 07505672 frs-bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 07505672 frs-bus:FilletedAccounts 2021-07-01 2022-06-30 07505672 frs-bus:SmallEntities 2021-07-01 2022-06-30 07505672 frs-bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 07505672 frs-bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 07505672 frs-bus:OrdinaryShareClass2 2021-07-01 2022-06-30 07505672 frs-bus:OrdinaryShareClass2 2022-06-30 07505672 frs-bus:OrdinaryShareClass3 2021-07-01 2022-06-30 07505672 frs-bus:OrdinaryShareClass3 2022-06-30 07505672 frs-core:DeferredTaxation 2021-06-30 07505672 frs-core:DeferredTaxation 2022-06-30 07505672 frs-bus:Director1 2021-07-01 2022-06-30 07505672 frs-countries:EnglandWales 2021-07-01 2022-06-30 07505672 2020-06-30 07505672 2021-06-30 07505672 2020-07-01 2021-06-30 07505672 frs-core:CurrentFinancialInstruments 2021-06-30 07505672 frs-core:ShareCapital 2021-06-30 07505672 frs-core:RetainedEarningsAccumulatedLosses 2021-06-30 07505672 frs-bus:OrdinaryShareClass2 2020-07-01 2021-06-30 07505672 frs-bus:OrdinaryShareClass3 2020-07-01 2021-06-30
Registered number: 07505672
DDH Fabrications Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2022
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of DDH Fabrications Ltd for the year ended 30 June 2022
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of DDH Fabrications Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of DDH Fabrications Ltd , as a body, in accordance with the terms of our engagement letter dated 15 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of DDH Fabrications Ltd and state those matters that we have agreed to state to the director of DDH Fabrications Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DDH Fabrications Ltd and its director as a body for our work or for this report.
It is your duty to ensure that DDH Fabrications Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of DDH Fabrications Ltd . You consider that DDH Fabrications Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DDH Fabrications Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
18th April 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 07505672
2022 2021
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 2,610 2,610
2,611 2,611
CURRENT ASSETS
Debtors 7 26,921 26,921
Cash at bank and in hand 2,061 2,061
28,982 28,982
Creditors: Amounts Falling Due Within One Year 8 (124,719 ) (124,719 )
NET CURRENT ASSETS (LIABILITIES) (95,737 ) (95,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES (93,126 ) (93,126 )
NET LIABILITIES (93,126 ) (93,126 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (93,226 ) (93,226 )
SHAREHOLDERS' FUNDS (93,126) (93,126)
Page 2
Page 3
For the year ending 30 June 2022 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 David Hall
Director
18th April 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
DDH Fabrications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07505672 . The registered office is Unit 3, Building 2, The Colony Wilmslow , Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
The company's principal place of business is units 20-21 Caldershaw Business Centre, Ings Lane, Rochdale, Lancashire, OL12 7LQ.
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.
2.4. 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% on Reducing Balance
Motor Vehicles 25% on Reducing Balance
Computer Equipment 33% on Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease
2.6. 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.
2.7. 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
Page 4
Page 5
2.7. 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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2021: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2021 45,454
As at 30 June 2022 45,454
Amortisation
As at 1 July 2021 45,453
As at 30 June 2022 45,453
Net Book Value
As at 30 June 2022 1
As at 1 July 2021 1
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2021 16,502 15,095 463 32,060
As at 30 June 2022 16,502 15,095 463 32,060
Depreciation
As at 1 July 2021 15,503 13,495 452 29,450
As at 30 June 2022 15,503 13,495 452 29,450
Net Book Value
As at 30 June 2022 999 1,600 11 2,610
As at 1 July 2021 999 1,600 11 2,610
Page 5
Page 6
6. Stocks
2022 2021
£ £
7. Debtors
2022 2021
£ £
Due within one year
Trade debtors 6,228 6,228
Other debtors 50 50
6,278 6,278
Due after more than one year
Other debtors 20,643 20,643
26,921 26,921
8. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors 1,753 1,752
Bank loans and overdrafts 1,734 1,734
Other creditors 117,824 117,825
Taxation and social security 3,408 3,408
124,719 124,719
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2021 (20,643 ) (20,643)
Balance at 30 June 2022 (20,643 ) (20,643)
10. Share Capital
2022 2021
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 90 each 90 90
1 Ordinary B shares of £ 10 each 10 10
100 100
11. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 6