Acorah Software Products - Accounts Production 14.5.501 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 12649022 Mr Joshua Longford Mr Fezan Mazhar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12649022 2022-06-30 12649022 2023-06-30 12649022 2022-07-01 2023-06-30 12649022 frs-core:CurrentFinancialInstruments 2023-06-30 12649022 frs-core:Non-currentFinancialInstruments 2023-06-30 12649022 frs-core:ComputerEquipment 2023-06-30 12649022 frs-core:ComputerEquipment 2022-07-01 2023-06-30 12649022 frs-core:ComputerEquipment 2022-06-30 12649022 frs-core:MotorVehicles 2023-06-30 12649022 frs-core:MotorVehicles 2022-07-01 2023-06-30 12649022 frs-core:MotorVehicles 2022-06-30 12649022 frs-core:PlantMachinery 2023-06-30 12649022 frs-core:PlantMachinery 2022-07-01 2023-06-30 12649022 frs-core:PlantMachinery 2022-06-30 12649022 frs-core:ShareCapital 2023-06-30 12649022 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12649022 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12649022 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 12649022 frs-bus:SmallEntities 2022-07-01 2023-06-30 12649022 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12649022 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12649022 frs-bus:Director1 2022-07-01 2023-06-30 12649022 frs-bus:Director2 2022-07-01 2023-06-30 12649022 frs-countries:EnglandWales 2022-07-01 2023-06-30 12649022 2021-06-30 12649022 2022-06-30 12649022 2021-07-01 2022-06-30 12649022 frs-core:CurrentFinancialInstruments 2022-06-30 12649022 frs-core:Non-currentFinancialInstruments 2022-06-30 12649022 frs-core:ShareCapital 2022-06-30 12649022 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 12649022
Dr Drainage Ltd
Financial Statements
For The Year Ended 30 June 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12649022
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,232 36,908
35,232 36,908
CURRENT ASSETS
Debtors 5 76,308 15,698
Cash at bank and in hand 16,198 43,161
92,506 58,859
Creditors: Amounts Falling Due Within One Year 6 (70,144 ) (49,676 )
NET CURRENT ASSETS (LIABILITIES) 22,362 9,183
TOTAL ASSETS LESS CURRENT LIABILITIES 57,594 46,091
NET ASSETS 57,594 46,091
CAPITAL AND RESERVES
Called up share capital 7 119 119
Profit and Loss Account 57,475 45,972
SHAREHOLDERS' FUNDS 57,594 46,091
Page 1
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For the year ending 30 June 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
Mr Fezan Mazhar
Director
22nd March 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Dr Drainage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12649022 . The registered office is 6 Butts Court, Leeds, LS1 5JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 10% Straight Line
Motor Vehicles 10% Straight Line
Computer Equipment 10% 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: 4 (2022: 2)
4 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2022 12,625 29,750 1,121 43,496
Additions - 1,485 1,489 2,974
As at 30 June 2023 12,625 31,235 2,610 46,470
Depreciation
As at 1 July 2022 2,526 3,950 112 6,588
Provided during the period 1,265 3,124 261 4,650
As at 30 June 2023 3,791 7,074 373 11,238
Net Book Value
As at 30 June 2023 8,834 24,161 2,237 35,232
As at 1 July 2022 10,099 25,800 1,009 36,908
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 71,654 11,044
71,654 11,044
Due after more than one year
Other taxes and social security 4,654 4,654
4,654 4,654
76,308 15,698
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Corporation tax 8,444 5,833
Other taxes and social security 2,116 3,278
VAT 31,636 9,916
Directors' loan accounts 27,949 30,649
70,144 49,676
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 119 119
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