Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09848608 Mr Russell Back Mrs Alison Meredith Mr Cameron Brewer Mr Sandeep Kumar Mr Neil Stephen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09848608 2023-01-31 09848608 2024-01-31 09848608 2023-02-01 2024-01-31 09848608 frs-core:CurrentFinancialInstruments 2024-01-31 09848608 frs-core:ComputerEquipment 2024-01-31 09848608 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09848608 frs-core:ComputerEquipment 2023-01-31 09848608 frs-core:FurnitureFittings 2024-01-31 09848608 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09848608 frs-core:FurnitureFittings 2023-01-31 09848608 frs-core:OtherReservesSubtotal 2024-01-31 09848608 frs-core:ShareCapital 2024-01-31 09848608 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09848608 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09848608 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09848608 frs-bus:SmallEntities 2023-02-01 2024-01-31 09848608 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09848608 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09848608 frs-bus:Director1 2023-02-01 2024-01-31 09848608 frs-bus:Director2 2023-02-01 2024-01-31 09848608 frs-bus:Director3 2023-02-01 2024-01-31 09848608 frs-bus:Director4 2023-02-01 2024-01-31 09848608 frs-bus:Director5 2023-02-01 2024-01-31 09848608 frs-countries:EnglandWales 2023-02-01 2024-01-31 09848608 2022-01-31 09848608 2023-01-31 09848608 2022-02-01 2023-01-31 09848608 frs-core:CurrentFinancialInstruments 2023-01-31 09848608 frs-core:OtherReservesSubtotal 2023-01-31 09848608 frs-core:ShareCapital 2023-01-31 09848608 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09848608
Dengro Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09848608
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,328 6,534
7,328 6,534
CURRENT ASSETS
Debtors 5 14,694 26,075
Cash at bank and in hand 151,390 65,158
166,084 91,233
Creditors: Amounts Falling Due Within One Year 6 (176,916 ) (165,926 )
NET CURRENT ASSETS (LIABILITIES) (10,832 ) (74,693 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,504 ) (68,159 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,774 ) (1,242 )
NET LIABILITIES (5,278 ) (69,401 )
CAPITAL AND RESERVES
Called up share capital 7 400 400
Other reserves 3,698 1,059
Profit and Loss Account (9,376 ) (70,860 )
SHAREHOLDERS' FUNDS (5,278) (69,401)
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For the year ending 31 January 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 Neil Stephen
Director
22nd 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
Dengro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09848608 . The registered office is 7a Northumberland Buildings, Office 5, Bath, BA1 2JB.
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 33% - straight line
Computer Equipment 33% - 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 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.
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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Share Based Payments
The company issued equity-settled share-based payments to certain employees. These awards are measured at fair value on the date of the grant option using an independent fair valuation of the company and expensed in the statement of profit and loss over the vesting period after making an allowance for the estimated number of shares that are estimated will not vest. The level of vesting is reviewed and adjusted annually. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 7)
8 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 370 11,346 11,716
Additions - 5,127 5,127
Disposals (149 ) (535 ) (684 )
As at 31 January 2024 221 15,938 16,159
Depreciation
As at 1 February 2023 130 5,052 5,182
Provided during the period 122 4,156 4,278
Disposals (94 ) (535 ) (629 )
As at 31 January 2024 158 8,673 8,831
Net Book Value
As at 31 January 2024 63 7,265 7,328
As at 1 February 2023 240 6,294 6,534
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,745 15,992
Prepayments and accrued income 8,949 1,981
Other debtors 3,000 2,000
Corporation tax recoverable assets - 6,102
14,694 26,075
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,364 16,841
Corporation tax 16,549 -
Other taxes and social security 8,754 9,173
VAT 25,099 19,512
Other creditors 1,270 1,295
Accruals and deferred income 2,305 3,530
Directors' loan accounts 115,575 115,575
176,916 165,926
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
8. Share Based Payments
Enterprise Management Incentives Scheme (EMIs)
The board grants options to purchase ordinary shares in the company to employees who enter into the EMI scheme. The options are granted at the determined fair value as at the grant date. The maximum term of the options granted is on the tenth anniversary of the grant date. The shares are only exercisable at the time of a sale or listing of the company.
Scheme 1:
Date of grant - No further grants were made during the period
No. of shares outstanding at the beginning of the period - 20,000
No. of shares granted during the period - 0
No. of shares forfeited during the period - 0
No. of shares exercised during the period - 0
No. of shares expired during the period - 0
No. of shares outstanding at the end of the period - 20,000
No. of shares exercisable at the end of the period - 20,000
During the period 3,333 share options vested and expensed in the statement of profit and loss using the fair market value. 
Scheme 2:
Date of grant - No further grants were made during the period
No. of shares outstanding at the beginning of the period - 33,332
No. of shares granted during the period - 0
No. of shares forfeited during the period - 0
No. of shares exercised during the period - 0
No. of shares expired during the period - 0
No. of shares outstanding at the end of the period - 33,332
No. of shares exercisable at the end of the period - 33,332
During the period 8,333 of the share options vested and expensed in the statement of profit and loss using the fair market value. 
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