Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09258052 Miss C L Overton Mr D Goodwin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09258052 2022-10-31 09258052 2023-10-31 09258052 2022-11-01 2023-10-31 09258052 frs-core:CurrentFinancialInstruments 2023-10-31 09258052 frs-core:Non-currentFinancialInstruments 2023-10-31 09258052 frs-core:BetweenOneFiveYears 2023-10-31 09258052 frs-core:ComputerEquipment 2023-10-31 09258052 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09258052 frs-core:ComputerEquipment 2022-10-31 09258052 frs-core:FurnitureFittings 2023-10-31 09258052 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09258052 frs-core:FurnitureFittings 2022-10-31 09258052 frs-core:MotorVehicles 2023-10-31 09258052 frs-core:MotorVehicles 2022-11-01 2023-10-31 09258052 frs-core:MotorVehicles 2022-10-31 09258052 frs-core:PlantMachinery 2023-10-31 09258052 frs-core:PlantMachinery 2022-11-01 2023-10-31 09258052 frs-core:PlantMachinery 2022-10-31 09258052 frs-core:WithinOneYear 2023-10-31 09258052 frs-core:ShareCapital 2023-10-31 09258052 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09258052 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09258052 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09258052 frs-bus:SmallEntities 2022-11-01 2023-10-31 09258052 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09258052 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09258052 frs-bus:Director1 2022-11-01 2023-10-31 09258052 frs-bus:Director2 2022-11-01 2023-10-31 09258052 frs-countries:EnglandWales 2022-11-01 2023-10-31 09258052 2021-10-31 09258052 2022-10-31 09258052 2021-11-01 2022-10-31 09258052 frs-core:CurrentFinancialInstruments 2022-10-31 09258052 frs-core:Non-currentFinancialInstruments 2022-10-31 09258052 frs-core:BetweenOneFiveYears 2022-10-31 09258052 frs-core:MotorVehicles 2021-11-01 2022-10-31 09258052 frs-core:WithinOneYear 2022-10-31 09258052 frs-core:ShareCapital 2022-10-31 09258052 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09258052
D Goodwin Painting and Decorating Ltd
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09258052
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,951 12,886
20,951 12,886
CURRENT ASSETS
Debtors 5 16,990 31,513
Cash at bank and in hand 221,635 175,628
238,625 207,141
Creditors: Amounts Falling Due Within One Year 6 (171,942 ) (136,216 )
NET CURRENT ASSETS (LIABILITIES) 66,683 70,925
TOTAL ASSETS LESS CURRENT LIABILITIES 87,634 83,811
Creditors: Amounts Falling Due After More Than One Year 7 (6,227 ) (9,168 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,238 ) (2,448 )
NET ASSETS 76,169 72,195
CAPITAL AND RESERVES
Called up share capital 9 101 101
Profit and Loss Account 76,068 72,094
SHAREHOLDERS' FUNDS 76,169 72,195
Page 1
Page 2
For the year ending 31 October 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 D Goodwin
Director
27 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D Goodwin Painting and Decorating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09258052 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 1,747 23,695 321 1,840 27,603
Additions - 15,000 - - 15,000
As at 31 October 2023 1,747 38,695 321 1,840 42,603
Depreciation
As at 1 November 2022 1,156 11,922 218 1,421 14,717
Provided during the period 89 6,693 15 138 6,935
As at 31 October 2023 1,245 18,615 233 1,559 21,652
Net Book Value
As at 31 October 2023 502 20,080 88 281 20,951
As at 1 November 2022 591 11,773 103 419 12,886
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 6,747 8,996
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,201 27,033
Other debtors 5,789 4,480
16,990 31,513
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 1,929 1,929
Trade creditors 10,508 17,310
Bank loans and overdrafts 1,012 987
Other creditors 148,376 97,456
Taxation and social security 10,117 18,534
171,942 136,216
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,661 6,590
Bank loans 1,566 2,578
6,227 9,168
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,929 1,929
Later than one year and not later than five years 4,661 6,590
6,590 8,519
6,590 8,519
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 101 101
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