Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09483748 Mr Aristos Peters Mr Aristos Peters false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09483748 2023-03-31 09483748 2024-03-31 09483748 2023-04-01 2024-03-31 09483748 frs-core:CurrentFinancialInstruments 2024-03-31 09483748 frs-core:Non-currentFinancialInstruments 2024-03-31 09483748 frs-core:ComputerEquipment 2024-03-31 09483748 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09483748 frs-core:ComputerEquipment 2023-03-31 09483748 frs-core:FurnitureFittings 2024-03-31 09483748 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09483748 frs-core:FurnitureFittings 2023-03-31 09483748 frs-core:MotorVehicles 2024-03-31 09483748 frs-core:MotorVehicles 2023-04-01 2024-03-31 09483748 frs-core:MotorVehicles 2023-03-31 09483748 frs-core:SharePremium 2024-03-31 09483748 frs-core:ShareCapital 2024-03-31 09483748 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09483748 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09483748 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09483748 frs-bus:SmallEntities 2023-04-01 2024-03-31 09483748 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09483748 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09483748 1 2023-04-01 2024-03-31 09483748 frs-bus:Director1 2023-04-01 2024-03-31 09483748 frs-countries:EnglandWales 2023-04-01 2024-03-31 09483748 2022-03-31 09483748 2023-03-31 09483748 2022-04-01 2023-03-31 09483748 frs-core:CurrentFinancialInstruments 2023-03-31 09483748 frs-core:Non-currentFinancialInstruments 2023-03-31 09483748 frs-core:SharePremium 2023-03-31 09483748 frs-core:ShareCapital 2023-03-31 09483748 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09483748
D Risk It Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09483748
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 523 1,920
523 1,920
CURRENT ASSETS
Debtors 5 585 2,764
Cash at bank and in hand 1,207 33,288
1,792 36,052
Creditors: Amounts Falling Due Within One Year 6 (13,622 ) (35,213 )
NET CURRENT ASSETS (LIABILITIES) (11,830 ) 839
TOTAL ASSETS LESS CURRENT LIABILITIES (11,307 ) 2,759
Creditors: Amounts Falling Due After More Than One Year 7 (37,327 ) (43,213 )
NET LIABILITIES (48,634 ) (40,454 )
CAPITAL AND RESERVES
Called up share capital 8 1,058 1,058
Share premium account 30,793 30,793
Profit and Loss Account (80,485 ) (72,305 )
SHAREHOLDERS' FUNDS (48,634) (40,454)
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For the year ending 31 March 2024 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 Aristos Peters
Director
31st July 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
D Risk It Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09483748 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
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.
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
Fixtures & Fittings 33.33% on cost
Computer Equipment 25% on cost
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.
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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,700 228 3,584 5,512
As at 31 March 2024 1,700 228 3,584 5,512
Depreciation
As at 1 April 2023 1,110 137 2,345 3,592
Provided during the period 425 76 896 1,397
As at 31 March 2024 1,535 213 3,241 4,989
Net Book Value
As at 31 March 2024 165 15 343 523
As at 1 April 2023 590 91 1,239 1,920
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 555 200
Other debtors 30 2,564
585 2,764
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 276 292
Bank loans and overdrafts 11,296 5,636
Other creditors 1,958 29,194
Taxation and social security 92 91
13,622 35,213
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,327 43,213
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,058 1,058
9. Controlling Party
The company's controlling party is Mr Aristos Peters by virtue of his ownership of 94.5% of the issued share capital in the company.
10. Going Concern
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to support the company for the foreseeable future. 
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