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 07092059 Mr David Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07092059 2022-12-31 07092059 2023-12-31 07092059 2023-01-01 2023-12-31 07092059 frs-core:CurrentFinancialInstruments 2023-12-31 07092059 frs-core:ComputerEquipment 2023-12-31 07092059 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07092059 frs-core:ComputerEquipment 2022-12-31 07092059 frs-core:FurnitureFittings 2023-12-31 07092059 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07092059 frs-core:FurnitureFittings 2022-12-31 07092059 frs-core:PlantMachinery 2023-12-31 07092059 frs-core:PlantMachinery 2023-01-01 2023-12-31 07092059 frs-core:PlantMachinery 2022-12-31 07092059 frs-core:ShareCapital 2023-12-31 07092059 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07092059 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07092059 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07092059 frs-bus:SmallEntities 2023-01-01 2023-12-31 07092059 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07092059 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07092059 frs-bus:Director1 2023-01-01 2023-12-31 07092059 frs-countries:EnglandWales 2023-01-01 2023-12-31 07092059 2021-12-31 07092059 2022-12-31 07092059 2022-01-01 2022-12-31 07092059 frs-core:CurrentFinancialInstruments 2022-12-31 07092059 frs-core:ShareCapital 2022-12-31 07092059 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07092059
David J Martin Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07092059
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,480 6,287
5,480 6,287
CURRENT ASSETS
Debtors 5 40,357 30,059
Cash at bank and in hand 219 246
40,576 30,305
Creditors: Amounts Falling Due Within One Year 6 (44,951 ) (34,888 )
NET CURRENT ASSETS (LIABILITIES) (4,375 ) (4,583 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,105 1,704
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,041 ) (1,194 )
NET ASSETS 64 510
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 63 509
SHAREHOLDERS' FUNDS 64 510
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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 David Martin
Director
25/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
David J Martin Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07092059 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
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.
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 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 17,275 1,000 845 19,120
Additions 159 - - 159
As at 31 December 2023 17,434 1,000 845 19,279
Depreciation
As at 1 January 2023 11,280 858 695 12,833
Provided during the period 923 21 22 966
As at 31 December 2023 12,203 879 717 13,799
Net Book Value
As at 31 December 2023 5,231 121 128 5,480
As at 1 January 2023 5,995 142 150 6,287
5. Debtors
2023 2022
£ £
Due within one year
Director's loan account 40,357 30,059
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,220 1,082
Corporation tax 41,469 33,328
Other creditors 1,262 478
44,951 34,888
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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