Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10296136 Mr Glen Simmons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10296136 2022-07-31 10296136 2023-07-31 10296136 2022-08-01 2023-07-31 10296136 frs-core:CurrentFinancialInstruments 2023-07-31 10296136 frs-core:Non-currentFinancialInstruments 2023-07-31 10296136 frs-core:MotorVehicles 2023-07-31 10296136 frs-core:MotorVehicles 2022-08-01 2023-07-31 10296136 frs-core:MotorVehicles 2022-07-31 10296136 frs-core:ShareCapital 2023-07-31 10296136 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10296136 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10296136 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10296136 frs-bus:SmallEntities 2022-08-01 2023-07-31 10296136 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10296136 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10296136 frs-bus:Director1 2022-08-01 2023-07-31 10296136 frs-countries:EnglandWales 2022-08-01 2023-07-31 10296136 2021-07-31 10296136 2022-07-31 10296136 2021-08-01 2022-07-31 10296136 frs-core:CurrentFinancialInstruments 2022-07-31 10296136 frs-core:Non-currentFinancialInstruments 2022-07-31 10296136 frs-core:ShareCapital 2022-07-31 10296136 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10296136
Drum Office Services Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
CDS Accounting Services
26 Wood End Road
Kempston
Beds
MK43 9BB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10296136
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 4,911 312
Cash at bank and in hand 141,251 146,835
146,162 147,147
Creditors: Amounts Falling Due Within One Year 6 (6,708 ) (4,705 )
NET CURRENT ASSETS (LIABILITIES) 139,454 142,442
TOTAL ASSETS LESS CURRENT LIABILITIES 139,454 142,442
Creditors: Amounts Falling Due After More Than One Year 7 (39,286 ) (44,714 )
NET ASSETS 100,168 97,728
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 100,068 97,628
SHAREHOLDERS' FUNDS 100,168 97,728
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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
Mr Glen Simmons
Director
18 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
Drum Office Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10296136 . The registered office is 26 Wood End Road, Kempston, Beds, MK43 9BB.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Motor Vehicles 25% on cost per annum
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.
...CONTINUED
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2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 August 2022 39,785
As at 31 July 2023 39,785
Depreciation
As at 1 August 2022 39,785
As at 31 July 2023 39,785
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 312 312
Other debtors 4,599 -
4,911 312
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,050 -
Corporation tax 401 157
Other taxes and social security 832 -
VAT 2,675 1,591
Accruals and deferred income 750 750
Director's loan account - 2,207
6,708 4,705
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 39,286 44,714
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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