Acorah Software Products - Accounts Production 15.0.600 false true 29 November 2022 1 December 2021 false 30 November 2022 29 November 2023 29 November 2023 04327453 Ms Louise Wilkes Ms Louise Wilkes Helen Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04327453 2022-11-29 04327453 2023-11-29 04327453 2022-11-30 2023-11-29 04327453 frs-core:CurrentFinancialInstruments 2023-11-29 04327453 frs-core:Non-currentFinancialInstruments 2023-11-29 04327453 frs-core:ComputerEquipment 2023-11-29 04327453 frs-core:ComputerEquipment 2022-11-30 2023-11-29 04327453 frs-core:ComputerEquipment 2022-11-29 04327453 frs-core:FurnitureFittings 2023-11-29 04327453 frs-core:FurnitureFittings 2022-11-30 2023-11-29 04327453 frs-core:FurnitureFittings 2022-11-29 04327453 frs-core:NetGoodwill 2023-11-29 04327453 frs-core:NetGoodwill 2022-11-30 2023-11-29 04327453 frs-core:NetGoodwill 2022-11-29 04327453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-29 04327453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 2023-11-29 04327453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-29 04327453 frs-core:MotorVehicles 2023-11-29 04327453 frs-core:MotorVehicles 2022-11-30 2023-11-29 04327453 frs-core:MotorVehicles 2022-11-29 04327453 frs-core:ShareCapital 2023-11-29 04327453 frs-core:RetainedEarningsAccumulatedLosses 2023-11-29 04327453 frs-bus:PrivateLimitedCompanyLtd 2022-11-30 2023-11-29 04327453 frs-bus:FilletedAccounts 2022-11-30 2023-11-29 04327453 frs-bus:SmallEntities 2022-11-30 2023-11-29 04327453 frs-bus:AuditExempt-NoAccountantsReport 2022-11-30 2023-11-29 04327453 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-30 2023-11-29 04327453 frs-bus:Director1 2022-11-30 2023-11-29 04327453 frs-bus:Director1 2022-11-29 04327453 frs-bus:Director1 2023-11-29 04327453 frs-bus:CompanySecretary1 2022-11-30 2023-11-29 04327453 frs-bus:CompanySecretary2 2022-11-30 2023-11-29 04327453 frs-core:CurrentFinancialInstruments 1 2023-11-29 04327453 frs-core:CurrentFinancialInstruments 4 2023-11-29 04327453 frs-countries:EnglandWales 2022-11-30 2023-11-29 04327453 2021-11-30 04327453 2022-11-29 04327453 2021-12-01 2022-11-29 04327453 frs-core:CurrentFinancialInstruments 2022-11-29 04327453 frs-core:Non-currentFinancialInstruments 2022-11-29 04327453 frs-core:ShareCapital 2022-11-29 04327453 frs-core:RetainedEarningsAccumulatedLosses 2022-11-29 04327453 frs-core:CurrentFinancialInstruments 1 2022-11-29 04327453 frs-core:CurrentFinancialInstruments 4 2022-11-29
Registered number: 04327453
Daisy Bloom Limited
Financial Statements
For The Year Ended 29 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04327453
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 68,371 71,711
68,371 71,711
CURRENT ASSETS
Stocks 6 10,468 10,468
Debtors 7 11,785 16,115
Cash at bank and in hand 105,103 96,883
127,356 123,466
Creditors: Amounts Falling Due Within One Year 8 (41,506 ) (45,926 )
NET CURRENT ASSETS (LIABILITIES) 85,850 77,540
TOTAL ASSETS LESS CURRENT LIABILITIES 154,221 149,251
Creditors: Amounts Falling Due After More Than One Year 9 (4,892 ) (8,345 )
NET ASSETS 149,329 140,906
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 149,327 140,904
SHAREHOLDERS' FUNDS 149,329 140,906
Page 1
Page 2
For the year ending 29 November 2023 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 her 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
Ms Louise Wilkes
Director
29/08/2024
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
Daisy Bloom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04327453 . The registered office is 2 Sollershott East, Letchworth Garden City, Herts, SG6 3PL.
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 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 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 0%
Motor Vehicles 15% RBM
Fixtures & Fittings 15% RBM
Computer Equipment 33.33% RBM
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
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: 9 (2022: 5)
9 5
4. Intangible Assets
Goodwill
£
Cost
As at 30 November 2022 29,500
As at 29 November 2023 29,500
Amortisation
As at 30 November 2022 29,500
As at 29 November 2023 29,500
Net Book Value
As at 29 November 2023 -
As at 30 November 2022 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 30 November 2022 50,000 32,073 21,290 2,809 106,172
As at 29 November 2023 50,000 32,073 21,290 2,809 106,172
Depreciation
As at 30 November 2022 - 11,703 20,397 2,361 34,461
Provided during the period - 3,056 134 150 3,340
As at 29 November 2023 - 14,759 20,531 2,511 37,801
Net Book Value
As at 29 November 2023 50,000 17,314 759 298 68,371
As at 30 November 2022 50,000 20,370 893 448 71,711
Page 4
Page 5
6. Stocks
2023 2022
£ £
Stock 10,468 10,468
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,124 12,751
Trade Creditors with debit balance 2 -
VAT - 3,364
Net wages 659 -
11,785 16,115
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16,370 10,640
Corporation tax 12,720 6,733
Other taxes and social security 224 809
VAT 114 -
Other creditors 244 3,796
Pension Creditors 128 512
Hire Purchase < 1yrs 3,453 3,453
Accruals and deferred income 200 2,000
Director's loan account 8,053 17,983
41,506 45,926
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Hire Purchase > 1yrs 4,892 8,345
10. Deferred Taxation
Deferred tax is recognised in respect of all timimg difference that have originated but not reversed at th balance sheet date
Timimg difference arise from the inclusion of income and rxpenses in tax assessmens in periods different from those in which they are recognised in finanacial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that rae expected to apply to the reversal of the timimg difference.
Unrelieved tax losses and other deferred tax assets are recongnised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other further taxable profits.
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 November 2022 Amounts advanced Amounts repaid Amounts written off As at 29 November 2023
£ £ £ £ £
Ms Louise Wilkes (17,983 ) 56,566 (52,152 ) - (8,053 )
Page 6