Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05536517 Mr David Newsam Mrs Rosemary Newsam David Newsam true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05536517 2023-01-31 05536517 2024-01-31 05536517 2023-02-01 2024-01-31 05536517 frs-core:CurrentFinancialInstruments 2024-01-31 05536517 frs-core:ComputerEquipment 2024-01-31 05536517 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05536517 frs-core:ComputerEquipment 2023-01-31 05536517 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 05536517 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-01 2024-01-31 05536517 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 05536517 frs-core:MotorVehicles 2023-02-01 2024-01-31 05536517 frs-core:PlantMachinery 2024-01-31 05536517 frs-core:PlantMachinery 2023-02-01 2024-01-31 05536517 frs-core:PlantMachinery 2023-01-31 05536517 frs-core:ShareCapital 2024-01-31 05536517 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05536517 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05536517 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05536517 frs-bus:SmallEntities 2023-02-01 2024-01-31 05536517 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05536517 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05536517 1 2023-02-01 2024-01-31 05536517 frs-core:ProvisionsDeferredTax 2024-01-31 05536517 frs-bus:Director1 2023-02-01 2024-01-31 05536517 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05536517 frs-countries:EnglandWales 2023-02-01 2024-01-31 05536517 2022-01-31 05536517 2023-01-31 05536517 2022-02-01 2023-01-31 05536517 frs-core:CurrentFinancialInstruments 2023-01-31 05536517 frs-core:ShareCapital 2023-01-31 05536517 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 05536517 frs-core:ProvisionsDeferredTax 2023-01-31
Registered number: 05536517
David Newsam Limited
Financial Statements
For The Year Ended 31 January 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05536517
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 193,869 199,369
193,869 199,369
CURRENT ASSETS
Debtors 4 27,001 7,501
Cash at bank and in hand 8,039 1,932
35,040 9,433
Creditors: Amounts Falling Due Within One Year 5 (6,295 ) (9,224 )
NET CURRENT ASSETS (LIABILITIES) 28,745 209
TOTAL ASSETS LESS CURRENT LIABILITIES 222,614 199,578
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (10,401 ) (9,356 )
NET ASSETS 212,213 190,222
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 212,113 190,122
SHAREHOLDERS' FUNDS 212,213 190,222
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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 Newsam
Director
15th June 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. 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:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Computer Equipment 25% on cost
1.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
1.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
3. Tangible Assets
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 177,369 226,186 923 404,478
Disposals - (31,500 ) - (31,500 )
As at 31 January 2024 177,369 194,686 923 372,978
...CONTINUED
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Depreciation
As at 1 February 2023 - 204,186 923 205,109
Provided during the period - 5,500 - 5,500
Disposals - (31,500 ) - (31,500 )
As at 31 January 2024 - 178,186 923 179,109
Net Book Value
As at 31 January 2024 177,369 16,500 - 193,869
As at 1 February 2023 177,369 22,000 - 199,369
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 27,000 7,500
Other taxes and social security 1 1
27,001 7,501
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,977 678
VAT 354 82
Accruals and deferred income 540 540
Director's loan account 424 7,924
6,295 9,224
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Deferred Tax 10,401 9,356
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is David Newsam by virtue of his ownership of 80% of the issued share capital in the company.
9. General Information
David Newsam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05536517 . The registered office is 7 Poachers Meadow, Nettleham, Lincoln, Lincs, LN2 2WE.
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