Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 9 September 2024 1 January 2023 31 December 2023 31 December 2023 07750038 Mr. Nigel Stone Mr Travis Mott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07750038 2022-12-31 07750038 2023-12-31 07750038 2023-01-01 2023-12-31 07750038 frs-core:CurrentFinancialInstruments 2023-12-31 07750038 frs-core:Non-currentFinancialInstruments 2023-12-31 07750038 frs-core:ComputerEquipment 2023-12-31 07750038 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07750038 frs-core:ComputerEquipment 2022-12-31 07750038 frs-core:FurnitureFittings 2023-12-31 07750038 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07750038 frs-core:FurnitureFittings 2022-12-31 07750038 frs-core:ShareCapital 2023-12-31 07750038 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07750038 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07750038 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07750038 frs-bus:SmallEntities 2023-01-01 2023-12-31 07750038 frs-bus:Audited 2023-01-01 2023-12-31 07750038 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07750038 frs-bus:Director1 2023-01-01 2023-12-31 07750038 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07750038 frs-countries:EnglandWales 2023-01-01 2023-12-31 07750038 2021-12-31 07750038 2022-12-31 07750038 2022-01-01 2022-12-31 07750038 frs-core:CurrentFinancialInstruments 2022-12-31 07750038 frs-core:Non-currentFinancialInstruments 2022-12-31 07750038 frs-core:ShareCapital 2022-12-31 07750038 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07750038
DP CleanTech UK Limited
Financial Statements
For The Year Ended 31 December 2023
TAG Accountants
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07750038
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 471,153 510,142
Cash at bank and in hand 4,835 13,678
475,988 523,820
Creditors: Amounts Falling Due Within One Year 6 (984,982 ) (1,348,008 )
NET CURRENT ASSETS (LIABILITIES) (508,994 ) (824,188 )
TOTAL ASSETS LESS CURRENT LIABILITIES (508,994 ) (824,188 )
Creditors: Amounts Falling Due After More Than One Year 7 (9,367 ) (16,194 )
NET LIABILITIES (518,361 ) (840,382 )
CAPITAL AND RESERVES
Called up share capital 8 30,000 30,000
Profit and Loss Account (548,361 ) (870,382 )
SHAREHOLDERS' FUNDS (518,361) (840,382)
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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. Nigel Stone
Director
9th September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DP CleanTech UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07750038 . The registered office is Suite 43, Hilton Hall, Hilton Lane, Essington, Staffordshire, WV11 2BQ.
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. Going Concern Disclosure
At 31 December 2023, the company had net liabilities of £518,361 following a retained profit for the year of £322,021. The director has provided ongoing loans to support the Company's cash flow and the Company's parent company, DP CleanTech (Hong Kong) Limited, has indicated an intention to provide support to finance the Company's operations until at least the end of 2026.
Taking these matters into account, the director has reviewed the Company's ability to operate, based on cash flow forecasts and anticipated future developments of the business and has concluded that the accounts should be prepared on the going concern basis. 
2.3. Turnover
Turnover represents the value of work completed on individual contracts excluding value added tax and trade discounts.
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:
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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.
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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 10,610 23,724 34,334
As at 31 December 2023 10,610 23,724 34,334
Depreciation
As at 1 January 2023 10,610 23,724 34,334
As at 31 December 2023 10,610 23,724 34,334
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 - - -
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,111 30,609
Amounts recoverable on contracts 2,791 1,789
Prepayments and accrued income 15,400 14,039
Corporation tax recoverable assets - 24,531
VAT - 9,053
Amounts owed by group undertakings 226,306 231,362
Intercompany loans 56,034 57,248
329,642 368,631
Due after more than one year
Deferred tax asset 141,511 141,511
141,511 141,511
471,153 510,142
Debtors due in more than one year includes a deferred tax asset of £141,511 relating to the expected tax benefit of carried forward tax losses that the directors believe will be utilised in the foreseeable future.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 41,600 307,551
Bank loans and overdrafts 7,131 7,131
Other taxes and social security 9,468 9,964
VAT 53,263 -
Accruals and deferred income 47,667 201,590
Directors' loan accounts 158,516 337,600
Loan due to parent 667,337 484,172
984,982 1,348,008
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 1-2 years 9,367 7,312
Bank loans - 2-5 years - 8,882
9,367 16,194
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 30,000 30,000
9. Related Party Transactions
Intercompany sales totalling £280,572  were made during the year. At 31 December 2023 £236,306 remained outstanding.
Intercompany purchases of services totalling £12,620 were made during the year. At 31 December 2023 nil remained outstanding.
At 31 December 2023 £667,337 remained outstanding on a related party loan to the company.
At 31 December 2023 £56,034 remained outstanding on loans provided to related parties.
Interest of 4% was charged on these loans.
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
11. Audit Information
The auditors report on the account of DP CleanTech UK Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Shaun Philpott FCA (Senior Statutory Auditor) for and on behalf of TAG Assurance Services Limited , Statutory Auditor
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