Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 01008317 Mr Steven Smith Mr Anthony Dennison Mr Martin Storey Mr Leslie Dennison Mrs Cheryl Thompson Mr Michael Coburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01008317 2023-04-30 01008317 2024-04-30 01008317 2023-05-01 2024-04-30 01008317 frs-core:CurrentFinancialInstruments 2024-04-30 01008317 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 01008317 frs-core:MotorVehicles 2024-04-30 01008317 frs-core:MotorVehicles 2023-05-01 2024-04-30 01008317 frs-core:MotorVehicles 2023-04-30 01008317 frs-core:OtherResidualIntangibleAssets 2024-04-30 01008317 frs-core:OtherResidualIntangibleAssets 2023-04-30 01008317 frs-core:PlantMachinery 2024-04-30 01008317 frs-core:PlantMachinery 2023-05-01 2024-04-30 01008317 frs-core:PlantMachinery 2023-04-30 01008317 frs-core:CapitalRedemptionReserve 2024-04-30 01008317 frs-core:ShareCapital 2024-04-30 01008317 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 01008317 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01008317 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 01008317 frs-bus:SmallEntities 2023-05-01 2024-04-30 01008317 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01008317 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01008317 frs-bus:Director1 2023-05-01 2024-04-30 01008317 frs-bus:Director2 2023-05-01 2024-04-30 01008317 frs-bus:Director3 2023-05-01 2024-04-30 01008317 frs-bus:Director4 2023-05-01 2024-04-30 01008317 frs-bus:Director5 2023-05-01 2024-04-30 01008317 frs-bus:Director6 2023-05-01 2024-04-30 01008317 frs-core:CurrentFinancialInstruments 1 2024-04-30 01008317 frs-countries:EnglandWales 2023-05-01 2024-04-30 01008317 2022-04-30 01008317 2023-04-30 01008317 2022-05-01 2023-04-30 01008317 frs-core:CurrentFinancialInstruments 2023-04-30 01008317 frs-core:CapitalRedemptionReserve 2023-04-30 01008317 frs-core:ShareCapital 2023-04-30 01008317 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 01008317 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 01008317
Directa (U.K.) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Golding Accountancy
ACCA
15 Eastwood Road
Rayleigh
Essex
SS6 7JD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01008317
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,467 2,467
Tangible Assets 5 63,342 56,343
65,809 58,810
CURRENT ASSETS
Stocks 6 290,103 332,126
Debtors 7 599,615 672,333
Cash at bank and in hand 676,516 636,325
1,566,234 1,640,784
Creditors: Amounts Falling Due Within One Year 8 (576,916 ) (694,926 )
NET CURRENT ASSETS (LIABILITIES) 989,318 945,858
TOTAL ASSETS LESS CURRENT LIABILITIES 1,055,127 1,004,668
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,200 ) (10,700 )
NET ASSETS 1,042,927 993,968
CAPITAL AND RESERVES
Called up share capital 9 180,002 180,002
Capital redemption reserve 19,998 19,998
Profit and Loss Account 842,927 793,968
SHAREHOLDERS' FUNDS 1,042,927 993,968
Page 1
Page 2
For the year ending 30 April 2024 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 Martin Storey
Director
23 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Directa (U.K.) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01008317 . The registered office is 8 Latchingdon Road, Cold Norton, Chelmsford, CM3 6UA.
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 - Other Intangible
Patents are stated at cost and are not amortised. The patents are reviewed annually for impairment.
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 3 - 10 Years straight line
Motor Vehicles 3 - 5 Years straight line
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. 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.
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.
...CONTINUED
Page 3
Page 4
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 28)
27 28
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 2,467
As at 30 April 2024 2,467
Net Book Value
As at 30 April 2024 2,467
As at 1 May 2023 2,467
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 791,281 8,000 799,281
Additions 12,656 - 12,656
As at 30 April 2024 803,937 8,000 811,937
Depreciation
As at 1 May 2023 734,938 8,000 742,938
Provided during the period 5,657 - 5,657
As at 30 April 2024 740,595 8,000 748,595
Net Book Value
As at 30 April 2024 63,342 - 63,342
As at 1 May 2023 56,343 - 56,343
6. Stocks
2024 2023
£ £
Finished goods 290,103 332,126
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 539,895 616,734
Prepayments and accrued income 59,720 55,599
599,615 672,333
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 367,456 332,324
Corporation tax 21,215 18,904
Other taxes and social security 24,768 26,995
VAT 93,906 92,996
Other creditors 7,314 149,106
Pension contributions 5,590 6,142
Accruals and deferred income 31,667 45,459
Amounts owed to group undertakings 25,000 -
Amounts owed to parent undertaking - 23,000
576,916 694,926
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180,002 180,002
Page 5