Acorah Software Products - Accounts Production 15.0.500 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 4342863 Mr David Carlton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4342863 2023-01-31 4342863 2024-01-31 4342863 2023-02-01 2024-01-31 4342863 frs-core:CurrentFinancialInstruments 2024-01-31 4342863 frs-core:Non-currentFinancialInstruments 2024-01-31 4342863 frs-core:FurnitureFittings 2024-01-31 4342863 frs-core:FurnitureFittings 2023-02-01 2024-01-31 4342863 frs-core:FurnitureFittings 2023-01-31 4342863 frs-core:NetGoodwill 2023-02-01 2024-01-31 4342863 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 4342863 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 4342863 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 4342863 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 4342863 frs-core:MotorVehicles 2024-01-31 4342863 frs-core:MotorVehicles 2023-02-01 2024-01-31 4342863 frs-core:MotorVehicles 2023-01-31 4342863 frs-core:PlantMachinery 2024-01-31 4342863 frs-core:PlantMachinery 2023-02-01 2024-01-31 4342863 frs-core:PlantMachinery 2023-01-31 4342863 frs-core:ShareCapital 2024-01-31 4342863 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 4342863 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 4342863 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 4342863 frs-bus:SmallEntities 2023-02-01 2024-01-31 4342863 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 4342863 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 4342863 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 4342863 frs-bus:OrdinaryShareClass1 2024-01-31 4342863 frs-bus:Director1 2023-02-01 2024-01-31 4342863 frs-core:CurrentFinancialInstruments 1 2024-01-31 4342863 frs-core:Non-currentFinancialInstruments 1 2024-01-31 4342863 frs-core:CurrentFinancialInstruments 2 2024-01-31 4342863 frs-countries:EnglandWales 2023-02-01 2024-01-31 4342863 2022-01-31 4342863 2023-01-31 4342863 2022-02-01 2023-01-31 4342863 frs-core:CurrentFinancialInstruments 2023-01-31 4342863 frs-core:Non-currentFinancialInstruments 2023-01-31 4342863 frs-core:ShareCapital 2023-01-31 4342863 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 4342863 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31 4342863 frs-core:CurrentFinancialInstruments 1 2023-01-31 4342863 frs-core:Non-currentFinancialInstruments 1 2023-01-31 4342863 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 4342863
D2 Bearings & Engineering Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
23 Harold Avenue
Belvedere
Kent
DA17 5NN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4342863
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 234,170 226,759
234,170 226,759
CURRENT ASSETS
Stocks 5 129,043 129,043
Debtors 6 289,164 371,265
Cash at bank and in hand 13,966 9,310
432,173 509,618
Creditors: Amounts Falling Due Within One Year 7 (536,509 ) (634,341 )
NET CURRENT ASSETS (LIABILITIES) (104,336 ) (124,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES 129,834 102,036
Creditors: Amounts Falling Due After More Than One Year 8 (23,177 ) (72,122 )
NET ASSETS 106,657 29,914
CAPITAL AND RESERVES
Called up share capital 9 152 152
Profit and Loss Account 106,505 29,762
SHAREHOLDERS' FUNDS 106,657 29,914
Page 1
Page 2
For the year ending 31 January 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 David Carlton
Director
30/04/2024
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
D2 Bearings & Engineering Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 4342863 . The registered office is Hill Street, Bowling Back Lane, Bradford, West Yorkshire, BD4 8SR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 0% Reducing balance
Leasehold 0% Reducing balance
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 6 4
Sales, marketing and distribution - 2
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2023 162,649 36,010 63,297 52,032 313,988
Additions - - 14,804 - 14,804
As at 31 January 2024 162,649 36,010 78,101 52,032 328,792
Depreciation
As at 1 February 2023 - 22,587 25,154 39,488 87,229
Provided during the period - 1,578 4,235 1,580 7,393
As at 31 January 2024 - 24,165 29,389 41,068 94,622
Net Book Value
As at 31 January 2024 162,649 11,845 48,712 10,964 234,170
As at 1 February 2023 162,649 13,423 38,143 12,544 226,759
5. Stocks
2024 2023
£ £
Finished goods 129,043 129,043
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 289,164 371,265
289,164 371,265
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 239,505 297,659
Bank loans and overdrafts 215,924 237,161
Corporation tax - 10,396
Other taxes and social security 7,281 5,094
VAT 25,159 26,456
Other creditors (1) 4,889 4,396
Other creditors (2) 43,751 53,179
536,509 634,341
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 44,759
Other creditors (1) 23,177 27,363
23,177 72,122
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
152 Ordinary Shares of £ 1 each 152 152
Page 5