Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 01080302 Mr John Hughes Mr John Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01080302 2022-10-31 01080302 2023-10-31 01080302 2022-11-01 2023-10-31 01080302 frs-core:CurrentFinancialInstruments 2023-10-31 01080302 frs-core:ComputerEquipment 2023-10-31 01080302 frs-core:ComputerEquipment 2022-11-01 2023-10-31 01080302 frs-core:ComputerEquipment 2022-10-31 01080302 frs-core:PlantMachinery 2023-10-31 01080302 frs-core:PlantMachinery 2022-11-01 2023-10-31 01080302 frs-core:PlantMachinery 2022-10-31 01080302 frs-core:ShareCapital 2023-10-31 01080302 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 01080302 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 01080302 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 01080302 frs-bus:SmallEntities 2022-11-01 2023-10-31 01080302 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 01080302 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 01080302 frs-bus:Director1 2022-11-01 2023-10-31 01080302 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 01080302 frs-countries:EnglandWales 2022-11-01 2023-10-31 01080302 2021-10-31 01080302 2022-10-31 01080302 2021-11-01 2022-10-31 01080302 frs-core:CurrentFinancialInstruments 2022-10-31 01080302 frs-core:ShareCapital 2022-10-31 01080302 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 01080302
D.C. Miles & Co. Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01080302
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 2,220 1,853
Cash at bank and in hand 10,644 15,388
12,864 17,241
Creditors: Amounts Falling Due Within One Year 6 (17,755 ) (18,349 )
NET CURRENT ASSETS (LIABILITIES) (4,891 ) (1,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,891 ) (1,108 )
NET LIABILITIES (4,891 ) (1,108 )
CAPITAL AND RESERVES
Called up share capital 7 5,005 5,005
Profit and Loss Account (9,896 ) (6,113 )
SHAREHOLDERS' FUNDS (4,891) (1,108)
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 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 John Hughes
Director
31st May 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
D.C. Miles & Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01080302 . The registered office is 203 London Road, Hadleigh, Essex, SS7 2RD.
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 company had net liabilities at the year-end. However, through the continued support of the director, the going concern basis remains appropriate.
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 25% straight line
Computer Equipment 25% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 2
1 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 5,541 47,172 52,713
As at 31 October 2023 5,541 47,172 52,713
Depreciation
As at 1 November 2022 5,541 47,172 52,713
As at 31 October 2023 5,541 47,172 52,713
Net Book Value
As at 31 October 2023 - - -
As at 1 November 2022 - - -
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 217
Other debtors 90 -
VAT 2,130 1,636
2,220 1,853
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 218 721
Other creditors - 91
Accruals and deferred income 2,260 2,260
Director's loan account 15,277 15,277
17,755 18,349
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5,005 5,005
Page 3