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 05027188 Mr R Hayden Mr D Swanwick Mr C Walker Mr F Andrews Mr J Booth Mr F Crocker Mr K Crowley Mr M Hetherington Mr J Neal Mr P Tatham Mrs J White Mr J Vinsant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05027188 2023-01-31 05027188 2024-01-31 05027188 2023-02-01 2024-01-31 05027188 frs-core:CurrentFinancialInstruments 2024-01-31 05027188 frs-core:ComputerEquipment 2024-01-31 05027188 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05027188 frs-core:ComputerEquipment 2023-01-31 05027188 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 05027188 frs-core:FurnitureFittings 2024-01-31 05027188 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05027188 frs-core:FurnitureFittings 2023-01-31 05027188 frs-core:OtherResidualIntangibleAssets 2024-01-31 05027188 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 05027188 frs-core:OtherResidualIntangibleAssets 2023-01-31 05027188 frs-core:PlantMachinery 2024-01-31 05027188 frs-core:PlantMachinery 2023-02-01 2024-01-31 05027188 frs-core:PlantMachinery 2023-01-31 05027188 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05027188 frs-bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 05027188 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05027188 frs-bus:SmallEntities 2023-02-01 2024-01-31 05027188 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05027188 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05027188 frs-core:UnlistedNon-exchangeTraded 2024-01-31 05027188 frs-core:UnlistedNon-exchangeTraded 2023-01-31 05027188 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 05027188 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 05027188 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 05027188 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 05027188 frs-bus:Director1 2023-02-01 2024-01-31 05027188 frs-bus:Director2 2023-02-01 2024-01-31 05027188 frs-bus:Director3 2023-02-01 2024-01-31 05027188 frs-bus:Director4 2023-02-01 2024-01-31 05027188 frs-bus:Director5 2023-02-01 2024-01-31 05027188 frs-bus:Director6 2023-02-01 2024-01-31 05027188 frs-bus:Director7 2023-02-01 2024-01-31 05027188 frs-bus:Director8 2023-02-01 2024-01-31 05027188 frs-bus:Director9 2023-02-01 2024-01-31 05027188 frs-bus:Director10 2023-02-01 2024-01-31 05027188 frs-bus:Director11 2023-02-01 2024-01-31 05027188 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05027188 frs-countries:EnglandWales 2023-02-01 2024-01-31 05027188 2022-01-31 05027188 2023-01-31 05027188 2022-02-01 2023-01-31 05027188 frs-core:CurrentFinancialInstruments 2023-01-31 05027188 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05027188
The Drilling & Sawing Association Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
10 The Triangle
Ng2 Business Park
Nottingham
Nottinghamshire
NG2 1AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05027188
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,950 8,910
Tangible Assets 5 20,180 37,064
Investments 6 1 1
25,131 45,975
CURRENT ASSETS
Debtors 7 42,924 52,328
Cash at bank and in hand 230,883 291,831
273,807 344,159
Creditors: Amounts Falling Due Within One Year 8 (184,703 ) (185,611 )
NET CURRENT ASSETS (LIABILITIES) 89,104 158,548
TOTAL ASSETS LESS CURRENT LIABILITIES 114,235 204,523
NET ASSETS 114,235 204,523
Income and Expenditure Account 114,235 204,523
MEMBERS' FUNDS 114,235 204,523
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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 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 Income and Expenditure Account.
On behalf of the board
Mr D Swanwick
Director
19 August 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
The Drilling & Sawing Association Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05027188 . The registered office is Unit 3 Brand Street, Nottingham, Nottinghamshire, NG2 3GW.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets arethe new website. It is amortised to income and expenditure account over its estimated economic life of 5 years.
2.4. 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 20% on cost
Fixtures & Fittings 33% on cost and 25% reducing balance
Chairmans Badge of Office 0%
2.5. Fixed asset investments
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. the investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

2.6. Section 398 Exemption
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 7)
- 7
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4. Intangible Assets
Other
£
Cost
As at 1 February 2023 19,800
As at 31 January 2024 19,800
Amortisation
As at 1 February 2023 10,890
Provided during the period 3,960
As at 31 January 2024 14,850
Net Book Value
As at 31 January 2024 4,950
As at 1 February 2023 8,910
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Chairmans Badge of Office Total
£ £ £ £
Cost
As at 1 February 2023 180,810 23,057 580 204,447
As at 31 January 2024 180,810 23,057 580 204,447
Depreciation
As at 1 February 2023 145,798 21,585 - 167,383
Provided during the period 16,516 368 - 16,884
As at 31 January 2024 162,314 21,953 - 184,267
Net Book Value
As at 31 January 2024 18,496 1,104 580 20,180
As at 1 February 2023 35,012 1,472 580 37,064
6. Investments
Unlisted
£
Cost
As at 1 February 2023 1
As at 31 January 2024 1
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 1
As at 1 February 2023 1
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The company holds 100% of the share capital of DSA Training Limited, registered in England and Wales. DSA Training Limited is dormant.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,228 35,017
Prepayments and accrued income 8,838 8,677
VAT 4,318 6,094
Amounts owed by group undertakings 2,540 2,540
42,924 52,328
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,045 14,600
Accruals and deferred income 182,658 171,011
184,703 185,611
9. Related Party Transactions
DSA Training Limited100% subsidiaryIntercompany loan of £2,540 (2023: £2,540)

DSA Training Limited

100% subsidiary

Intercompany loan of £2,540 (2023: £2,540)

10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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