Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11634177 Mr Brendon Dempsey Miss Lisa Mace iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11634177 2022-10-31 11634177 2023-10-31 11634177 2022-11-01 2023-10-31 11634177 frs-core:CurrentFinancialInstruments 2023-10-31 11634177 frs-core:Non-currentFinancialInstruments 2023-10-31 11634177 frs-core:BetweenOneFiveYears 2023-10-31 11634177 frs-core:MotorVehicles 2023-10-31 11634177 frs-core:MotorVehicles 2022-11-01 2023-10-31 11634177 frs-core:MotorVehicles 2022-10-31 11634177 frs-core:PlantMachinery 2023-10-31 11634177 frs-core:PlantMachinery 2022-11-01 2023-10-31 11634177 frs-core:PlantMachinery 2022-10-31 11634177 frs-core:ShareCapital 2023-10-31 11634177 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11634177 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11634177 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11634177 frs-bus:SmallEntities 2022-11-01 2023-10-31 11634177 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11634177 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11634177 frs-bus:Director1 2022-11-01 2023-10-31 11634177 frs-bus:Director2 2022-11-01 2023-10-31 11634177 frs-core:CurrentFinancialInstruments 2 2023-10-31 11634177 frs-countries:EnglandWales 2022-11-01 2023-10-31 11634177 2021-10-31 11634177 2022-10-31 11634177 2021-11-01 2022-10-31 11634177 frs-core:CurrentFinancialInstruments 2022-10-31 11634177 frs-core:Non-currentFinancialInstruments 2022-10-31 11634177 frs-core:BetweenOneFiveYears 2022-10-31 11634177 frs-core:ShareCapital 2022-10-31 11634177 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 11634177 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 11634177
Dempsey Mechanical Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
James Walsh Accountant Limited
Association of International Accountants
19 Titan Court Laporte Way
Luton
Beds
LU4 8EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11634177
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 80,301 107,067
80,301 107,067
CURRENT ASSETS
Debtors 5 306,199 354,113
Cash at bank and in hand 5,120 36,196
311,319 390,309
Creditors: Amounts Falling Due Within One Year 6 (300,177 ) (262,688 )
NET CURRENT ASSETS (LIABILITIES) 11,142 127,621
TOTAL ASSETS LESS CURRENT LIABILITIES 91,443 234,688
Creditors: Amounts Falling Due After More Than One Year 7 (23,643 ) (67,955 )
NET ASSETS 67,800 166,733
CAPITAL AND RESERVES
Called up share capital 9 8 8
Profit and Loss Account 67,792 166,725
SHAREHOLDERS' FUNDS 67,800 166,733
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 Brendon Dempsey
Director
31st 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
Dempsey Mechanical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11634177 . The registered office is 74, Willington Road, Cople, Beds, MK44 3TN.
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 25% Reducing balance method
Motor Vehicles 25% Reducing balance method
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. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 14)
9 14
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2022 9,966 126,504 136,470
As at 31 October 2023 9,966 126,504 136,470
Depreciation
As at 1 November 2022 4,245 25,158 29,403
Provided during the period 1,430 25,336 26,766
As at 31 October 2023 5,675 50,494 56,169
Net Book Value
As at 31 October 2023 4,291 76,010 80,301
As at 1 November 2022 5,721 101,346 107,067
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 193,850 211,310
Amounts recoverable on contracts 52,937 52,937
Other debtors 10,000 10,000
VAT 42,519 65,489
Net wages 3,842 10,637
303,148 350,373
Due after more than one year
Other taxes and social security 3,051 3,740
306,199 354,113
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 164,089 253,329
Bank loans and overdrafts 27,578 9,830
Corporation tax 212,853 199,566
Other creditors 15,238 13,110
Other creditors (2) (120,029 ) (213,147 )
Directors' loan accounts 448 -
300,177 262,688
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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 23,643 32,261
Bank loans - 26,837
Other creditors - 8,857
23,643 67,955
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 23,643 32,261
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 8 8
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Miss Lisa Mace 41,000 88,700
Mr Brendon Dempsey 50,000 190,000
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 91,000 278,700
12. Reserves
Page 5