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 03701482 Mr David Thomson Mrs Emma Michelle Thomson Mrs Emma Michelle Thomson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03701482 2022-12-31 03701482 2023-12-31 03701482 2023-01-01 2023-12-31 03701482 frs-core:CurrentFinancialInstruments 2023-12-31 03701482 frs-core:Non-currentFinancialInstruments 2023-12-31 03701482 frs-core:ComputerEquipment 2023-12-31 03701482 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03701482 frs-core:ComputerEquipment 2022-12-31 03701482 frs-core:FurnitureFittings 2023-12-31 03701482 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03701482 frs-core:FurnitureFittings 2022-12-31 03701482 frs-core:NetGoodwill 2023-12-31 03701482 frs-core:NetGoodwill 2023-01-01 2023-12-31 03701482 frs-core:NetGoodwill 2022-12-31 03701482 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03701482 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03701482 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 03701482 frs-core:MotorVehicles 2023-01-01 2023-12-31 03701482 frs-core:OtherResidualIntangibleAssets 2023-12-31 03701482 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 03701482 frs-core:OtherResidualIntangibleAssets 2022-12-31 03701482 frs-core:ShareCapital 2023-12-31 03701482 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03701482 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03701482 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03701482 frs-bus:SmallEntities 2023-01-01 2023-12-31 03701482 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03701482 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03701482 frs-bus:Director1 2023-01-01 2023-12-31 03701482 frs-bus:Director1 2022-12-31 03701482 frs-bus:Director1 2023-12-31 03701482 frs-bus:Director2 2023-01-01 2023-12-31 03701482 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03701482 frs-countries:EnglandWales 2023-01-01 2023-12-31 03701482 2021-12-31 03701482 2022-12-31 03701482 2022-01-01 2022-12-31 03701482 frs-core:CurrentFinancialInstruments 2022-12-31 03701482 frs-core:Non-currentFinancialInstruments 2022-12-31 03701482 frs-core:ShareCapital 2022-12-31 03701482 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03701482
Daemma Trading Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03701482
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 51,251 56,251
Tangible Assets 5 187,543 161,410
238,794 217,661
CURRENT ASSETS
Stocks 6 1,180,273 924,290
Debtors 7 471,514 284,706
Cash at bank and in hand 925,545 536,217
2,577,332 1,745,213
Creditors: Amounts Falling Due Within One Year 8 (1,183,927 ) (738,578 )
NET CURRENT ASSETS (LIABILITIES) 1,393,405 1,006,635
TOTAL ASSETS LESS CURRENT LIABILITIES 1,632,199 1,224,296
Creditors: Amounts Falling Due After More Than One Year 9 (359,729 ) (409,728 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,325 ) (27,492 )
NET ASSETS 1,233,145 787,076
CAPITAL AND RESERVES
Called up share capital 283,102 283,102
Profit and Loss Account 950,043 503,974
SHAREHOLDERS' FUNDS 1,233,145 787,076
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 David Thomson
Director
22 August 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
Daemma Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03701482 . The registered office is 4a Church Street, Market Harborough, LE16 7AA.
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 - Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2009, is being amortised evenly over its estimated useful life of ten years.

Goodwill refers to the acquisition of a franchise agreement licence and is amortised over its lifespan.
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:
Leasehold 10% SLM
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on 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.
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 61 (2022: 61)
61 61
4. Intangible Assets
Goodwill Licences Total
£ £ £
Cost
As at 1 January 2023 338,011 75,000 413,011
As at 31 December 2023 338,011 75,000 413,011
Amortisation
As at 1 January 2023 338,010 18,750 356,760
Provided during the period - 5,000 5,000
As at 31 December 2023 338,010 23,750 361,760
Net Book Value
As at 31 December 2023 1 51,250 51,251
As at 1 January 2023 1 56,250 56,251
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 58,571 778,796 76,013 913,380
Additions 18,388 42,832 10,640 71,860
As at 31 December 2023 76,959 821,628 86,653 985,240
Depreciation
As at 1 January 2023 41,854 634,786 75,330 751,970
Provided during the period 4,862 40,524 341 45,727
As at 31 December 2023 46,716 675,310 75,671 797,697
Net Book Value
As at 31 December 2023 30,243 146,318 10,982 187,543
As at 1 January 2023 16,717 144,010 683 161,410
6. Stocks
2023 2022
£ £
Stock 1,180,273 924,290
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,238 4,417
Prepayments and accrued income 64,777 77,128
Other debtors 125,500 203,161
Directors' loan accounts 279,999 -
471,514 284,706
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 83,399 104,132
Corporation tax 151,781 78,682
Other taxes and social security 20,726 17,571
VAT 132,625 126,538
Other creditors (1,670 ) (1,656 )
Accruals and deferred income 143,588 95,675
Directors' loan accounts - 808
Amounts owed to related parties 653,478 316,828
1,183,927 738,578
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 145,728 195,728
Other creditors 214,001 214,000
359,729 409,728
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr David Thomson - 279,999 - - 279,999
The above loan is unsecured, interest free and repayable on demand.
Page 6