Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02823490 Mr Colin Durell Mr Justin Durell Mr Justin Durell false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02823490 2022-12-31 02823490 2023-12-31 02823490 2023-01-01 2023-12-31 02823490 frs-core:CurrentFinancialInstruments 2023-12-31 02823490 frs-core:PlantMachinery 2023-12-31 02823490 frs-core:PlantMachinery 2023-01-01 2023-12-31 02823490 frs-core:PlantMachinery 2022-12-31 02823490 frs-core:ShareCapital 2023-12-31 02823490 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02823490 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02823490 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02823490 frs-bus:SmallEntities 2023-01-01 2023-12-31 02823490 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02823490 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02823490 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02823490 frs-bus:OrdinaryShareClass1 2023-12-31 02823490 1 2023-01-01 2023-12-31 02823490 frs-bus:Director1 2023-01-01 2023-12-31 02823490 frs-bus:Director1 2022-12-31 02823490 frs-bus:Director1 2023-12-31 02823490 frs-bus:Director2 2023-01-01 2023-12-31 02823490 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02823490 frs-countries:EnglandWales 2023-01-01 2023-12-31 02823490 2021-12-31 02823490 2022-12-31 02823490 2022-01-01 2022-12-31 02823490 frs-core:CurrentFinancialInstruments 2022-12-31 02823490 frs-core:ShareCapital 2022-12-31 02823490 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 02823490 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 02823490
DURAVAC PRODUCTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02823490
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,980 1,431
8,980 1,431
CURRENT ASSETS
Stocks 5 27,159 58,912
Debtors 6 112,476 153,789
Cash at bank and in hand 47,699 55,969
187,334 268,670
Creditors: Amounts Falling Due Within One Year 7 (20,680 ) (75,323 )
NET CURRENT ASSETS (LIABILITIES) 166,654 193,347
TOTAL ASSETS LESS CURRENT LIABILITIES 175,634 194,778
NET ASSETS 175,634 194,778
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 175,534 194,678
SHAREHOLDERS' FUNDS 175,634 194,778
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 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 Colin Durell
Director
19th September 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
DURAVAC PRODUCTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02823490 . The registered office is 170 John Wilson Business Park, Harvey Drive, Chestfield, Whitstable, Kent, CT5 3RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. 
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
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 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.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
5 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 126,569
Additions 9,794
As at 31 December 2023 136,363
Depreciation
As at 1 January 2023 125,138
Provided during the period 2,245
As at 31 December 2023 127,383
Net Book Value
As at 31 December 2023 8,980
As at 1 January 2023 1,431
5. Stocks
2023 2022
£ £
Stock 27,159 58,912
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 89,703 94,980
Other debtors 22,773 58,809
112,476 153,789
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12,330 53,811
Bank loans and overdrafts - 1
Other creditors 5,229 8,314
Taxation and social security 3,121 13,197
20,680 75,323
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Colin Durell 28,359 14,873 43,232 - -
The above loan is unsecured, interest is charged in line with the financial year at a rate of 2.5% in line with HMRC beneficial loan rates. This loan is expected to be repaid within nine months. During the financial year 2023 - £354 (2022 - £354) interest was charged. The highest amount outstanding at any one point was 2023 - £42,261 (2022 - £28,359).
10. Related Party Transactions
This Company rents plant from another Company related by common control to key personnel members of the board the total amount paid for plant rent, plant hire, buildings insurance,consultancy and a service and maintenance contract during this financial year was 2023 - £183,047 (2022 - £66,000). The Directors believe this is market rate.
11. Controlling Party Not Known
The company's controlling party is unknown.
Page 5