Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06460707 Mr Zbigniew Domanski Ms Eva Vojtasova true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06460707 2022-12-31 06460707 2023-12-31 06460707 2023-01-01 2023-12-31 06460707 frs-core:CurrentFinancialInstruments 2023-12-31 06460707 frs-core:ComputerEquipment 2023-12-31 06460707 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06460707 frs-core:ComputerEquipment 2022-12-31 06460707 frs-core:FurnitureFittings 2023-12-31 06460707 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06460707 frs-core:FurnitureFittings 2022-12-31 06460707 frs-core:MotorVehicles 2023-12-31 06460707 frs-core:MotorVehicles 2023-01-01 2023-12-31 06460707 frs-core:MotorVehicles 2022-12-31 06460707 frs-core:PlantMachinery 2023-12-31 06460707 frs-core:PlantMachinery 2023-01-01 2023-12-31 06460707 frs-core:PlantMachinery 2022-12-31 06460707 frs-core:ShareCapital 2023-12-31 06460707 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06460707 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06460707 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06460707 frs-bus:SmallEntities 2023-01-01 2023-12-31 06460707 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06460707 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06460707 1 2023-01-01 2023-12-31 06460707 frs-bus:Director1 2023-01-01 2023-12-31 06460707 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06460707 frs-countries:EnglandWales 2023-01-01 2023-12-31 06460707 2021-12-31 06460707 2022-12-31 06460707 2022-01-01 2022-12-31 06460707 frs-core:CurrentFinancialInstruments 2022-12-31 06460707 frs-core:ShareCapital 2022-12-31 06460707 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06460707
DOMSON LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06460707
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 149,644 97,667
149,644 97,667
CURRENT ASSETS
Stocks 5 681,301 642,424
Debtors 6 1,067,362 1,255,838
Cash at bank and in hand 628,603 973,718
2,377,266 2,871,980
Creditors: Amounts Falling Due Within One Year 7 (683,935 ) (1,284,095 )
NET CURRENT ASSETS (LIABILITIES) 1,693,331 1,587,885
TOTAL ASSETS LESS CURRENT LIABILITIES 1,842,975 1,685,552
NET ASSETS 1,842,975 1,685,552
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,842,875 1,685,452
SHAREHOLDERS' FUNDS 1,842,975 1,685,552
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 Zbigniew Domanski
Director
22/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DOMSON LTD Registered number 06460707 is a limited by shares company incorporated in England & Wales. The Registered Office is 19 Wellington Road, London, E17 6LS.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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 10%
Motor Vehicles 25%
Fixtures & Fittings 20%
Computer Equipment 33%
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. 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.
2.6. 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.
2.7. 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.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 5 5
Sales, marketing and distribution 18 18
23 23
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 129,237 250,761 80,003 16,257 476,258
Additions - 130,542 - - 130,542
Disposals - (18,952 ) - - (18,952 )
As at 31 December 2023 129,237 362,351 80,003 16,257 587,848
Depreciation
As at 1 January 2023 117,245 187,461 57,772 16,113 378,591
Provided during the period 5,912 61,593 10,001 862 78,368
Disposals - (18,755 ) - - (18,755 )
As at 31 December 2023 123,157 230,299 67,773 16,975 438,204
Net Book Value
As at 31 December 2023 6,080 132,052 12,230 (718 ) 149,644
As at 1 January 2023 11,992 63,300 22,231 144 97,667
5. Stocks
2023 2022
£ £
Finished goods 686,061 643,549
Goods Received Not Invoiced (4,760 ) (1,125 )
681,301 642,424
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,024,080 1,224,825
Prepayments and accrued income 26,667 26,667
Other debtors 35 120
VAT 16,423 3,879
Director's loan account 157 347
1,067,362 1,255,838
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 518,705 1,122,887
Corporation tax 69,334 96,890
Other taxes and social security 17,936 15,978
Net wages 18,858 23,683
Accruals and deferred income 28,602 (10,343 )
Cumulative preference share dividends unpaid 30,500 35,000
683,935 1,284,095
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 130,000 130,000
11. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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