Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08121941 Mr Darrin Perris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08121941 2023-06-30 08121941 2024-06-30 08121941 2023-07-01 2024-06-30 08121941 frs-core:CurrentFinancialInstruments 2024-06-30 08121941 frs-core:Non-currentFinancialInstruments 2024-06-30 08121941 frs-core:BetweenOneFiveYears 2024-06-30 08121941 frs-core:ComputerEquipment 2024-06-30 08121941 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08121941 frs-core:ComputerEquipment 2023-06-30 08121941 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08121941 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 08121941 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08121941 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 08121941 frs-core:MotorVehicles 2024-06-30 08121941 frs-core:MotorVehicles 2023-07-01 2024-06-30 08121941 frs-core:MotorVehicles 2023-06-30 08121941 frs-core:WithinOneYear 2024-06-30 08121941 frs-core:RevaluationReserve 2023-06-30 08121941 frs-core:RevaluationReserve 2024-06-30 08121941 frs-core:ShareCapital 2024-06-30 08121941 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08121941 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08121941 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08121941 frs-bus:SmallEntities 2023-07-01 2024-06-30 08121941 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08121941 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08121941 frs-bus:Director1 2023-07-01 2024-06-30 08121941 frs-core:CurrentFinancialInstruments 1 2024-06-30 08121941 frs-core:CurrentFinancialInstruments 2 2024-06-30 08121941 frs-core:CurrentFinancialInstruments 3 2024-06-30 08121941 frs-core:CurrentFinancialInstruments 4 2024-06-30 08121941 frs-countries:EnglandWales 2023-07-01 2024-06-30 08121941 2022-06-30 08121941 2023-06-30 08121941 2022-07-01 2023-06-30 08121941 frs-core:CurrentFinancialInstruments 2023-06-30 08121941 frs-core:Non-currentFinancialInstruments 2023-06-30 08121941 frs-core:BetweenOneFiveYears 2023-06-30 08121941 frs-core:WithinOneYear 2023-06-30 08121941 frs-core:RevaluationReserve 2023-06-30 08121941 frs-core:ShareCapital 2023-06-30 08121941 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 08121941 frs-core:CurrentFinancialInstruments 1 2023-06-30 08121941 frs-core:CurrentFinancialInstruments 2 2023-06-30 08121941 frs-core:CurrentFinancialInstruments 3 2023-06-30 08121941 frs-core:CurrentFinancialInstruments 4 2023-06-30 08121941 frs-core:CurrentFinancialInstruments 5 2023-06-30
Registered number: 08121941
Darrin Perris Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08121941
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 274,393 269,216
274,393 269,216
CURRENT ASSETS
Stocks 5 130,167 205,580
Debtors 6 10,682 858
Cash at bank and in hand 154 13,677
141,003 220,115
Creditors: Amounts Falling Due Within One Year 7 (316,370 ) (398,053 )
NET CURRENT ASSETS (LIABILITIES) (175,367 ) (177,938 )
TOTAL ASSETS LESS CURRENT LIABILITIES 99,026 91,278
Creditors: Amounts Falling Due After More Than One Year 8 (26,075 ) (18,440 )
NET ASSETS 72,951 72,838
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 27,517 27,517
Profit and Loss Account 45,334 45,221
SHAREHOLDERS' FUNDS 72,951 72,838
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For the year ending 30 June 2024 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 Darrin Perris
Director
01/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Darrin Perris Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08121941 . The registered office is 51 Warren House Walk, Walmley, Sutton Coldfield, West Midlands, B76 1TS.
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:
Freehold 0%
Motor Vehicles 20%
Fixtures & Fittings 33%
Computer Equipment 33%
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.
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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 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 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 assets reflect 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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 239,962 32,795 1,166 273,923
Additions - 36,750 1,066 37,816
Disposals - (32,795 ) (1,166 ) (33,961 )
As at 30 June 2024 239,962 36,750 1,066 277,778
Depreciation
As at 1 July 2023 - 3,541 1,166 4,707
Provided during the period - 3,063 322 3,385
Disposals - (3,541 ) (1,166 ) (4,707 )
As at 30 June 2024 - 3,063 322 3,385
Net Book Value
As at 30 June 2024 239,962 33,687 744 274,393
As at 1 July 2023 239,962 29,254 - 269,216
5. Stocks
2024 2023
£ £
Finished goods 130,167 205,580
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,181 -
Prepayments and accrued income 4,342 2,300
Deferred tax current asset (841) (1,442)
10,682 858
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,007 2,363
Trade creditors 4,114 -
Bank loans and overdrafts 6,316 26,366
Corporation tax 12,999 19,658
Other taxes and social security - 524
VAT 16,056 11,845
Other creditors 2,000 2,000
Motonovo Loan 96,850 97,458
Business Loan 50,000 50,000
Commercial Property Loan 34,704 45,562
Bounceback Loan 20,755 30,747
Business Loan - Aiden Perris Creditor - 33,256
Accruals and deferred income 1,266 766
Director's loan account 69,303 77,508
316,370 398,053
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,075 18,440
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,007 2,363
Later than one year and not later than five years 26,075 18,440
28,082 20,803
28,082 20,803
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Reserves
Revaluation Reserve
£
As at 1 July 2023 27,517
As at 30 June 2024 27,517
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