Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07294420 Mr David Pipes Mr David Pipes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07294420 2023-06-30 07294420 2024-06-30 07294420 2023-07-01 2024-06-30 07294420 frs-core:CurrentFinancialInstruments 2024-06-30 07294420 frs-core:Non-currentFinancialInstruments 2024-06-30 07294420 frs-core:BetweenOneFiveYears 2024-06-30 07294420 frs-core:ComputerEquipment 2024-06-30 07294420 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07294420 frs-core:ComputerEquipment 2023-06-30 07294420 frs-core:FurnitureFittings 2024-06-30 07294420 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07294420 frs-core:FurnitureFittings 2023-06-30 07294420 frs-core:NetGoodwill 2024-06-30 07294420 frs-core:NetGoodwill 2023-07-01 2024-06-30 07294420 frs-core:NetGoodwill 2023-06-30 07294420 frs-core:MotorVehicles 2024-06-30 07294420 frs-core:MotorVehicles 2023-07-01 2024-06-30 07294420 frs-core:MotorVehicles 2023-06-30 07294420 frs-core:PlantMachinery 2024-06-30 07294420 frs-core:PlantMachinery 2023-07-01 2024-06-30 07294420 frs-core:PlantMachinery 2023-06-30 07294420 frs-core:WithinOneYear 2024-06-30 07294420 frs-core:ShareCapital 2024-06-30 07294420 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07294420 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07294420 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07294420 frs-bus:SmallEntities 2023-07-01 2024-06-30 07294420 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07294420 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07294420 frs-bus:Director1 2023-07-01 2024-06-30 07294420 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 07294420 frs-core:CurrentFinancialInstruments 1 2024-06-30 07294420 frs-countries:EnglandWales 2023-07-01 2024-06-30 07294420 2022-06-30 07294420 2023-06-30 07294420 2022-07-01 2023-06-30 07294420 frs-core:CurrentFinancialInstruments 2023-06-30 07294420 frs-core:Non-currentFinancialInstruments 2023-06-30 07294420 frs-core:BetweenOneFiveYears 2023-06-30 07294420 frs-core:WithinOneYear 2023-06-30 07294420 frs-core:ShareCapital 2023-06-30 07294420 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07294420 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 07294420
David J Pipes Groundworks Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Smith & Co Accountants Limited
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07294420
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,000 50,000
Tangible Assets 5 215,406 251,539
265,406 301,539
CURRENT ASSETS
Debtors 6 57,992 62,540
Cash at bank and in hand 743 9,003
58,735 71,543
Creditors: Amounts Falling Due Within One Year 7 (58,017 ) (58,301 )
NET CURRENT ASSETS (LIABILITIES) 718 13,242
TOTAL ASSETS LESS CURRENT LIABILITIES 266,124 314,781
Creditors: Amounts Falling Due After More Than One Year 8 (115,815 ) (159,373 )
NET ASSETS 150,309 155,408
CAPITAL AND RESERVES
Called up share capital 10 10 10
Income Statement 150,299 155,398
SHAREHOLDERS' FUNDS 150,309 155,408
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For the year ending 30 June 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 Income Statement.
On behalf of the board
Mr David Pipes
Director
12/08/2024
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
David J Pipes Groundworks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07294420 . The registered office is Green Acres Lowery Lane, Stanley, Co. Durham, DH9 6EN.
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 income statement 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:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 50,000
As at 30 June 2024 50,000
Net Book Value
As at 30 June 2024 50,000
As at 1 July 2023 50,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 292,031 72,959 3,752 333 369,075
Additions - 28,500 - - 28,500
Disposals (56,000 ) - - - (56,000 )
As at 30 June 2024 236,031 101,459 3,752 333 341,575
Depreciation
As at 1 July 2023 98,312 16,179 2,996 49 117,536
Provided during the period 28,126 14,195 189 71 42,581
Disposals (33,948 ) - - - (33,948 )
As at 30 June 2024 92,490 30,374 3,185 120 126,169
...CONTINUED
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Net Book Value
As at 30 June 2024 143,541 71,085 567 213 215,406
As at 1 July 2023 193,719 56,780 756 284 251,539
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,156 9,772
Retentions 29,071 29,719
CIS Control 14,371 13,031
VAT 9,394 10,018
57,992 62,540
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,354 53,376
Trade creditors 2,182 2,852
Bank loans and overdrafts 2,995 -
Corporation tax 1,407 -
Pension Control 185 101
Accruals and deferred income 1,695 1,645
Director's loan account 199 327
58,017 58,301
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 115,815 148,037
Barclayloan - 7,084
Net wages - 4,252
115,815 159,373
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 49,354 53,376
Later than one year and not later than five years 115,815 148,037
165,169 201,413
165,169 201,413
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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