Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05508867 Mr Steven Newsham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05508867 2022-12-31 05508867 2023-12-31 05508867 2023-01-01 2023-12-31 05508867 frs-core:CurrentFinancialInstruments 2023-12-31 05508867 frs-core:Non-currentFinancialInstruments 2023-12-31 05508867 frs-core:ComputerEquipment 2023-12-31 05508867 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05508867 frs-core:ComputerEquipment 2022-12-31 05508867 frs-core:FurnitureFittings 2023-12-31 05508867 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05508867 frs-core:FurnitureFittings 2022-12-31 05508867 frs-core:MotorVehicles 2023-12-31 05508867 frs-core:MotorVehicles 2023-01-01 2023-12-31 05508867 frs-core:MotorVehicles 2022-12-31 05508867 frs-core:PlantMachinery 2023-12-31 05508867 frs-core:PlantMachinery 2023-01-01 2023-12-31 05508867 frs-core:PlantMachinery 2022-12-31 05508867 frs-core:WithinOneYear 2023-12-31 05508867 frs-core:ShareCapital 2023-12-31 05508867 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05508867 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05508867 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05508867 frs-bus:SmallEntities 2023-01-01 2023-12-31 05508867 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05508867 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05508867 frs-bus:Director1 2023-01-01 2023-12-31 05508867 frs-core:CurrentFinancialInstruments 1 2023-12-31 05508867 frs-countries:EnglandWales 2023-01-01 2023-12-31 05508867 2021-12-31 05508867 2022-12-31 05508867 2022-01-01 2022-12-31 05508867 frs-core:CurrentFinancialInstruments 2022-12-31 05508867 frs-core:Non-currentFinancialInstruments 2022-12-31 05508867 frs-core:WithinOneYear 2022-12-31 05508867 frs-core:ShareCapital 2022-12-31 05508867 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05508867 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05508867
DOWRY MAINTENANCE (SOUTH WEST) LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
morgan consulting tewkesbury ltd
8 College Street
Gloucester
Glos
GL1 2NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05508867
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 341,879 385,854
341,879 385,854
CURRENT ASSETS
Stocks 5 300,000 267,906
Debtors 6 362,156 314,081
Cash at bank and in hand 10,292 31,498
672,448 613,485
Creditors: Amounts Falling Due Within One Year 7 (607,420 ) (548,843 )
NET CURRENT ASSETS (LIABILITIES) 65,028 64,642
TOTAL ASSETS LESS CURRENT LIABILITIES 406,907 450,496
Creditors: Amounts Falling Due After More Than One Year 8 (25,000 ) (35,000 )
NET ASSETS 381,907 415,496
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 380,907 414,496
SHAREHOLDERS' FUNDS 381,907 415,496
Page 1
Page 2
For the year ending 31 December 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 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 Steven Newsham
Director
18/09/2024
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
DOWRY MAINTENANCE (SOUTH WEST) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05508867 . The registered office is 5 Charlton Down, Tetbury, Glos, GL8 8TZ.
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:
Plant & Machinery 20
Motor Vehicles 20
Fixtures & Fittings 20
Computer Equipment 20
2.4. 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 profit and loss account 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 profit and loss account as incurred.
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.
Page 3
Page 4
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 year 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 asset reflects 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: 25 (2022: 25)
25 25
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 38,317 395,334 57,123 37,000 527,774
Additions - 28,600 - 10,558 39,158
As at 31 December 2023 38,317 423,934 57,123 47,558 566,932
Depreciation
As at 1 January 2023 19,663 82,855 23,179 16,223 141,920
Provided during the period 1,865 68,213 6,788 6,267 83,133
As at 31 December 2023 21,528 151,068 29,967 22,490 225,053
Net Book Value
As at 31 December 2023 16,789 272,866 27,156 25,068 341,879
As at 1 January 2023 18,654 312,479 33,944 20,777 385,854
5. Stocks
2023 2022
£ £
Work in progress 300,000 267,906
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 356,756 309,631
Employee loans 5,400 4,450
362,156 314,081
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 153,614 187,119
Trade creditors 232,911 113,079
Corporation tax 45,319 40,897
Other taxes and social security 20,954 83,900
VAT 102,633 63,254
Other creditors - 4,552
Accruals and deferred income 1,680 1,680
Director's loan account 50,309 54,362
607,420 548,843
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,000 35,000
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 153,614 187,119
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5