Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04393673 Mr D Brittlebank Mrs J E Brittlebank iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04393673 2023-03-31 04393673 2024-03-31 04393673 2023-04-01 2024-03-31 04393673 frs-core:CurrentFinancialInstruments 2024-03-31 04393673 frs-core:ComputerEquipment 2024-03-31 04393673 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04393673 frs-core:ComputerEquipment 2023-03-31 04393673 frs-core:FurnitureFittings 2024-03-31 04393673 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04393673 frs-core:FurnitureFittings 2023-03-31 04393673 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04393673 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04393673 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 04393673 frs-core:MotorVehicles 2023-04-01 2024-03-31 04393673 frs-core:ShareCapital 2024-03-31 04393673 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04393673 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04393673 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04393673 frs-bus:SmallEntities 2023-04-01 2024-03-31 04393673 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04393673 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04393673 frs-bus:Director1 2023-04-01 2024-03-31 04393673 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04393673 frs-countries:EnglandWales 2023-04-01 2024-03-31 04393673 2022-03-31 04393673 2023-03-31 04393673 2022-04-01 2023-03-31 04393673 frs-core:CurrentFinancialInstruments 2023-03-31 04393673 frs-core:ShareCapital 2023-03-31 04393673 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04393673
D.J.B. Industrial Products Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04393673
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,040 18,524
16,040 18,524
CURRENT ASSETS
Stocks 5 1,665 812
Debtors 6 47,048 118,762
Cash at bank and in hand 57,144 25,853
105,857 145,427
Creditors: Amounts Falling Due Within One Year 7 (103,599 ) (125,408 )
NET CURRENT ASSETS (LIABILITIES) 2,258 20,019
TOTAL ASSETS LESS CURRENT LIABILITIES 18,298 38,543
PROVISIONS FOR LIABILITIES
Deferred Taxation (609 ) (782 )
NET ASSETS 17,689 37,761
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 17,686 37,758
SHAREHOLDERS' FUNDS 17,689 37,761
Page 1
Page 2
For the year ending 31 March 2024 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 his 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 D Brittlebank
Director
3 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D.J.B. Industrial Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04393673 . The registered office is Djb Industrial Products Ltd Kestral Park, Kestral Road, Mansfield, Nottinghamshire, NG18 5FT.
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. 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 10% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
Fixtures & Fittings 25% Reducing balance basis
Computer Equipment 25% Reducing balance basis
2.4. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 17,665 3,109 3,342 24,116
As at 31 March 2024 17,665 3,109 3,342 24,116
Depreciation
As at 1 April 2023 3,357 1,171 1,064 5,592
Provided during the period 1,431 485 568 2,484
As at 31 March 2024 4,788 1,656 1,632 8,076
Net Book Value
As at 31 March 2024 12,877 1,453 1,710 16,040
As at 1 April 2023 14,308 1,938 2,278 18,524
5. Stocks
2024 2023
£ £
Finished goods 1,665 812
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,859 117,784
Prepayments and accrued income 1,189 978
47,048 118,762
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 45,305 84,740
Corporation tax 9,741 10,547
Other taxes and social security 9 160
VAT 6,144 4,335
Accruals and deferred income 1,400 1,400
Director's loan account 41,000 24,226
103,599 125,408
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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