Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 2678155 Mr Kevin Daniels Mrs Pauline Daniels true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 2678155 2022-12-31 2678155 2023-12-31 2678155 2023-01-01 2023-12-31 2678155 frs-core:CurrentFinancialInstruments 2023-12-31 2678155 frs-core:Non-currentFinancialInstruments 2023-12-31 2678155 frs-core:FurnitureFittings 2023-12-31 2678155 frs-core:FurnitureFittings 2023-01-01 2023-12-31 2678155 frs-core:FurnitureFittings 2022-12-31 2678155 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 2678155 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 2678155 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 2678155 frs-core:MotorVehicles 2023-12-31 2678155 frs-core:MotorVehicles 2023-01-01 2023-12-31 2678155 frs-core:MotorVehicles 2022-12-31 2678155 frs-core:PlantMachinery 2023-12-31 2678155 frs-core:PlantMachinery 2023-01-01 2023-12-31 2678155 frs-core:PlantMachinery 2022-12-31 2678155 frs-core:WithinOneYear 2023-12-31 2678155 frs-core:ShareCapital 2023-12-31 2678155 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 2678155 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 2678155 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 2678155 frs-bus:SmallEntities 2023-01-01 2023-12-31 2678155 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 2678155 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 2678155 1 2023-01-01 2023-12-31 2678155 frs-bus:Director1 2023-01-01 2023-12-31 2678155 frs-bus:Director2 2023-01-01 2023-12-31 2678155 frs-countries:EnglandWales 2023-01-01 2023-12-31 2678155 2021-12-31 2678155 2022-12-31 2678155 2022-01-01 2022-12-31 2678155 frs-core:CurrentFinancialInstruments 2022-12-31 2678155 frs-core:Non-currentFinancialInstruments 2022-12-31 2678155 frs-core:BetweenOneFiveYears 2022-12-31 2678155 frs-core:MotorVehicles 2022-01-01 2022-12-31 2678155 frs-core:PlantMachinery 2022-01-01 2022-12-31 2678155 frs-core:WithinOneYear 2022-12-31 2678155 frs-core:ShareCapital 2022-12-31 2678155 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 2678155
2D Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
esp Computer Services
92 Romney Way
Hythe
Kent
CT21 6PN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 2678155
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 473,713 499,879
473,713 499,879
CURRENT ASSETS
Stocks 5 24,961 73,691
Debtors 6 141,682 141,858
Cash at bank and in hand 500 50,267
167,143 265,816
Creditors: Amounts Falling Due Within One Year 7 (194,139 ) (196,335 )
NET CURRENT ASSETS (LIABILITIES) (26,996 ) 69,481
TOTAL ASSETS LESS CURRENT LIABILITIES 446,717 569,360
Creditors: Amounts Falling Due After More Than One Year 8 (227,300 ) (313,177 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (17,875 ) (39,320 )
NET ASSETS 201,542 216,863
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 200,542 215,863
SHAREHOLDERS' FUNDS 201,542 216,863
Page 1
Page 2
For the year ending 31 December 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 Kevin Daniels
Director
Mrs Pauline Daniels
Director
09/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
2D Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2678155 . The registered office is Court Reed Farm, Sandy Lane Great Chart, Ashford, Kent, TN26 1JN.
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 FRS 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.
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:
Freehold not depreciated
Plant & Machinery 10% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. 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 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2023 51,633 856,306 107,034 11,808 1,026,781
Additions - 27,663 - - 27,663
As at 31 December 2023 51,633 883,969 107,034 11,808 1,054,444
Depreciation
As at 1 January 2023 - 449,884 65,570 11,448 526,902
Provided during the period - 43,409 10,366 54 53,829
As at 31 December 2023 - 493,293 75,936 11,502 580,731
Net Book Value
As at 31 December 2023 51,633 390,676 31,098 306 473,713
As at 1 January 2023 51,633 406,422 41,464 360 499,879
The asset stated as freehold property relates to improvements thereto and the Company has no title to the freehold of the factory unit.
The Directors carried out a revaluation of plant and vehicles and adjustments were made to show a fair value of each.
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Plant & Machinery 213,392 237,102
Motor Vehicles 22,792 30,389
236,184 267,491
5. Stocks
2023 2022
£ £
Materials - 5,000
Work in progress 24,961 68,691
24,961 73,691
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Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 141,682 141,858
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,540 9,259
Trade creditors 38,904 49,943
Bank loans and overdrafts 89,594 90,715
Other taxes and social security 37,062 34,522
Accruals and deferred income 8,387 8,793
Directors' loan accounts 17,652 3,103
194,139 196,335
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 2,540
Bank loans 227,300 310,637
227,300 313,177
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,540 9,259
Later than one year and not later than five years - 2,540
2,540 11,799
2,540 11,799
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2023 2022
£ £
Other timing differences 17,875 39,320
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. 
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13. Ultimate Controlling Party
The company's ultimate controlling parties are Kevin and Pauline Daniels by virtue of their ownership of 100% of the issued share capital in the company.
Page 6