Acorah Software Products - Accounts Production 14.5.601 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10106362 Mr Joshua Patterson Mr J Patterson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10106362 2022-12-31 10106362 2023-12-31 10106362 2023-01-01 2023-12-31 10106362 frs-core:CurrentFinancialInstruments 2023-12-31 10106362 frs-core:MotorVehicles 2023-12-31 10106362 frs-core:MotorVehicles 2023-01-01 2023-12-31 10106362 frs-core:MotorVehicles 2022-12-31 10106362 frs-core:ShareCapital 2023-12-31 10106362 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10106362 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10106362 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10106362 frs-bus:SmallEntities 2023-01-01 2023-12-31 10106362 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10106362 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10106362 1 2023-01-01 2023-12-31 10106362 frs-bus:Director1 2023-01-01 2023-12-31 10106362 frs-bus:Director1 2022-12-31 10106362 frs-bus:Director1 2023-12-31 10106362 frs-countries:EnglandWales 2023-01-01 2023-12-31 10106362 2021-12-31 10106362 2022-12-31 10106362 2022-01-01 2022-12-31 10106362 frs-core:CurrentFinancialInstruments 2022-12-31 10106362 frs-core:ShareCapital 2022-12-31 10106362 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10106362
Dundrum Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10106362
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,007 2,676
2,007 2,676
CURRENT ASSETS
Debtors 5 - 34,260
Cash at bank and in hand 42,179 21,258
42,179 55,518
Creditors: Amounts Falling Due Within One Year 6 (18,211 ) (57,384 )
NET CURRENT ASSETS (LIABILITIES) 23,968 (1,866 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,975 810
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (496 ) (661 )
NET ASSETS 25,479 149
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 25,379 49
SHAREHOLDERS' FUNDS 25,479 149
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For the year ending 31 December 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
Mr Joshua Patterson
Director
27 March 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
Dundrum Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10106362 . The registered office is Canada House, First Floor, 20/20 Business Park, Maidstone, Kent, ME16 0LS.
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.
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.
2.4. 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:
Motor Vehicles 25% on reducing balance
2.5. 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: 1 (2022: 1)
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2023 3,133
As at 31 December 2023 3,133
Depreciation
As at 1 January 2023 457
Provided during the period 669
As at 31 December 2023 1,126
Net Book Value
As at 31 December 2023 2,007
As at 1 January 2023 2,676
5. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets - 2,889
Director's loan account - 31,371
- 34,260
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,779 -
Corporation tax 8,556 15,673
VAT 6,233 41,710
Accruals and deferred income 1,166 1
Director's loan account 477 -
18,211 57,384
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 496 661
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Joshua Patterson 31,371 37,774 69,622 - 477
The above loan is unsecured, interest free repayable on demand and ranks equally with other unsecured creditors of the company.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Patterson by virtue of his ownership of 100% of the issued share capital in the company.
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