Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12768586 Daniel Sagar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12768586 2022-07-31 12768586 2023-07-31 12768586 2022-08-01 2023-07-31 12768586 frs-core:CurrentFinancialInstruments 2023-07-31 12768586 frs-core:ComputerEquipment 2023-07-31 12768586 frs-core:ComputerEquipment 2022-08-01 2023-07-31 12768586 frs-core:ComputerEquipment 2022-07-31 12768586 frs-core:FurnitureFittings 2023-07-31 12768586 frs-core:FurnitureFittings 2022-08-01 2023-07-31 12768586 frs-core:FurnitureFittings 2022-07-31 12768586 frs-core:PlantMachinery 2023-07-31 12768586 frs-core:PlantMachinery 2022-08-01 2023-07-31 12768586 frs-core:PlantMachinery 2022-07-31 12768586 frs-core:ShareCapital 2023-07-31 12768586 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12768586 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12768586 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12768586 frs-bus:SmallEntities 2022-08-01 2023-07-31 12768586 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12768586 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12768586 frs-bus:Director1 2022-08-01 2023-07-31 12768586 frs-countries:EnglandWales 2022-08-01 2023-07-31 12768586 2021-07-31 12768586 2022-07-31 12768586 2021-08-01 2022-07-31 12768586 frs-core:CurrentFinancialInstruments 2022-07-31 12768586 frs-core:ShareCapital 2022-07-31 12768586 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12768586
91D Ltd
Financial Statements
For The Year Ended 31 July 2023
Gravitate Accounting
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12768586
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,630 2,978
1,630 2,978
CURRENT ASSETS
Stocks 5 12,465 12,465
Debtors 6 129 2,068
Cash at bank and in hand 309 5,640
12,903 20,173
Creditors: Amounts Falling Due Within One Year 7 (45,486 ) (47,174 )
NET CURRENT ASSETS (LIABILITIES) (32,583 ) (27,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,953 ) (24,023 )
NET LIABILITIES (30,953 ) (24,023 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (31,053 ) (24,123 )
SHAREHOLDERS' FUNDS (30,953) (24,023)
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For the year ending 31 July 2023 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
Daniel Sagar
Director
17/04/2024
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
91D Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12768586 . The registered office is Unit 3 South , Milford Road, Lymington , Hampshire, SO41 8DU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 1,191 2,058 2,148 5,397
As at 31 July 2023 1,191 2,058 2,148 5,397
Depreciation
As at 1 August 2022 494 975 950 2,419
Provided during the period 297 514 537 1,348
As at 31 July 2023 791 1,489 1,487 3,767
Net Book Value
As at 31 July 2023 400 569 661 1,630
As at 1 August 2022 697 1,083 1,198 2,978
5. Stocks
2023 2022
£ £
Materials 12,465 12,465
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 129 2,068
129 2,068
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 78 1,176
Other creditors 45,408 45,998
45,486 47,174
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included within Other Creditors are loans from Directors of £45,408 (2022: £44,698), these loans are unsecured, interest free and repayable on demand.
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