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 05473704 Mr Christopher Dawson Mr Joe Dawson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05473704 2022-12-31 05473704 2023-12-31 05473704 2023-01-01 2023-12-31 05473704 frs-core:CurrentFinancialInstruments 2023-12-31 05473704 frs-core:ComputerEquipment 2023-12-31 05473704 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05473704 frs-core:ComputerEquipment 2022-12-31 05473704 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05473704 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 05473704 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 05473704 frs-core:FurnitureFittings 2023-12-31 05473704 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05473704 frs-core:FurnitureFittings 2022-12-31 05473704 frs-core:MotorVehicles 2023-12-31 05473704 frs-core:MotorVehicles 2023-01-01 2023-12-31 05473704 frs-core:MotorVehicles 2022-12-31 05473704 frs-core:OtherResidualIntangibleAssets 2023-12-31 05473704 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 05473704 frs-core:OtherResidualIntangibleAssets 2022-12-31 05473704 frs-core:PlantMachinery 2023-12-31 05473704 frs-core:PlantMachinery 2023-01-01 2023-12-31 05473704 frs-core:PlantMachinery 2022-12-31 05473704 frs-core:ShareCapital 2023-12-31 05473704 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05473704 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05473704 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05473704 frs-bus:SmallEntities 2023-01-01 2023-12-31 05473704 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05473704 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05473704 frs-bus:Director1 2023-01-01 2023-12-31 05473704 frs-bus:Director1 2022-12-31 05473704 frs-bus:Director1 2023-12-31 05473704 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05473704 frs-core:CurrentFinancialInstruments 1 2023-12-31 05473704 frs-countries:EnglandWales 2023-01-01 2023-12-31 05473704 2021-12-31 05473704 2022-12-31 05473704 2022-01-01 2022-12-31 05473704 frs-core:CurrentFinancialInstruments 2022-12-31 05473704 frs-core:ShareCapital 2022-12-31 05473704 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05473704 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05473704
Romano Dawson Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
GPC Financial Management Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05473704
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 153,050
Tangible Assets 5 17,235 12,692
17,235 165,742
CURRENT ASSETS
Debtors 6 1,288,131 375,704
Cash at bank and in hand 669,208 2,976,779
1,957,339 3,352,483
Creditors: Amounts Falling Due Within One Year 7 (956,621 ) (546,994 )
NET CURRENT ASSETS (LIABILITIES) 1,000,718 2,805,489
TOTAL ASSETS LESS CURRENT LIABILITIES 1,017,953 2,971,231
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,309 ) (2,411 )
NET ASSETS 1,013,644 2,968,820
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,013,544 2,968,720
SHAREHOLDERS' FUNDS 1,013,644 2,968,820
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 Christopher Dawson
Director
24/09/2024
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
Romano Dawson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05473704 . The registered office is Unit 6, Innovation Studio's, 4 Long Street, London, E2 8HS.
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.
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% RBM
Motor Vehicles 25% RBM
Fixtures & Fittings 20% RBM
Computer Equipment 33.3% RBM
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 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: 127 (2022: 83)
127 83
Page 3
Page 4
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 January 2023 150,000 7,250 157,250
Disposals (150,000 ) (7,250) (157,250 )
As at 31 December 2023 - - -
Amortisation
As at 1 January 2023 - 4,200 4,200
Disposals - (4,200 ) (4,200 )
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 150,000 3,050 153,050
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 5,834 23,690 16,144 80,625 126,293
Additions - - 4,065 9,055 13,120
Disposals (5,834 ) (10,500 ) (13,376 ) (65,769 ) (95,479 )
As at 31 December 2023 - 13,190 6,833 23,911 43,934
Depreciation
As at 1 January 2023 5,350 21,224 14,102 72,925 113,601
Provided during the period - 587 493 2,234 3,314
Disposals (5,350 ) (10,383 ) (12,405 ) (62,078 ) (90,216 )
As at 31 December 2023 - 11,428 2,190 13,081 26,699
Net Book Value
As at 31 December 2023 - 1,762 4,643 10,830 17,235
As at 1 January 2023 484 2,466 2,042 7,700 12,692
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,168,069 288,562
Prepayments and accrued income 27,382 71,592
Other debtors 14,603 15,550
Net wages 4,387 -
Director's loan account 73,590 -
Amounts owed by group undertakings 100 -
1,288,131 375,704
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 87,945 38,499
Corporation tax 198,503 -
Other taxes and social security 56,787 39,991
VAT 336,924 178,650
Net wages - 660
Other creditors 12,749 9,751
Other creditors (1) 10,257 6,295
Accruals and deferred income 253,456 134,825
Director's loan account - 138,323
956,621 546,994
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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 Christopher Dawson (138,323 ) 211,913 - - 73,590
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
During the year, the company provided a loan to the parent company Tedstar Holdings Limited. The loan balance as at year end was £100.
Page 5