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 07503896 Mr J C Gilbert Mr J D Lawrence Mrs D C Armitage Mr C E Armitage Mr J D Lawrence true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07503896 2023-06-30 07503896 2024-06-30 07503896 2023-07-01 2024-06-30 07503896 frs-core:CurrentFinancialInstruments 2024-06-30 07503896 frs-core:Non-currentFinancialInstruments 2024-06-30 07503896 frs-core:ComputerEquipment 2024-06-30 07503896 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07503896 frs-core:ComputerEquipment 2023-06-30 07503896 frs-core:FurnitureFittings 2024-06-30 07503896 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07503896 frs-core:FurnitureFittings 2023-06-30 07503896 frs-core:MotorVehicles 2024-06-30 07503896 frs-core:MotorVehicles 2023-07-01 2024-06-30 07503896 frs-core:MotorVehicles 2023-06-30 07503896 frs-core:PlantMachinery 2024-06-30 07503896 frs-core:PlantMachinery 2023-07-01 2024-06-30 07503896 frs-core:PlantMachinery 2023-06-30 07503896 frs-core:OtherReservesSubtotal 2024-06-30 07503896 frs-core:ShareCapital 2024-06-30 07503896 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07503896 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07503896 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07503896 frs-bus:SmallEntities 2023-07-01 2024-06-30 07503896 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07503896 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07503896 1 2023-07-01 2024-06-30 07503896 frs-core:DeferredTaxation 2023-07-01 2024-06-30 07503896 frs-core:DeferredTaxation 2023-06-30 07503896 frs-core:DeferredTaxation 2024-06-30 07503896 frs-core:ProvisionsDeferredTax 2024-06-30 07503896 frs-bus:Director1 2023-07-01 2024-06-30 07503896 frs-bus:Director2 2023-07-01 2024-06-30 07503896 frs-bus:Director3 2023-07-01 2024-06-30 07503896 frs-bus:Director4 2023-07-01 2024-06-30 07503896 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 07503896 frs-countries:EnglandWales 2023-07-01 2024-06-30 07503896 2022-06-30 07503896 2023-06-30 07503896 2022-07-01 2023-06-30 07503896 frs-core:CurrentFinancialInstruments 2023-06-30 07503896 frs-core:Non-currentFinancialInstruments 2023-06-30 07503896 frs-core:OtherReservesSubtotal 2023-06-30 07503896 frs-core:ShareCapital 2023-06-30 07503896 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07503896 frs-core:ProvisionsDeferredTax 2023-06-30
Registered number: 07503896
Defib Machines Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07503896
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 27,911 10,376
27,911 10,376
CURRENT ASSETS
Stocks 4 249,674 131,398
Debtors 5 4,044,077 3,809,092
Cash at bank and in hand 93,025 136,510
4,386,776 4,077,000
Creditors: Amounts Falling Due Within One Year 6 (1,888,409 ) (2,170,233 )
NET CURRENT ASSETS (LIABILITIES) 2,498,367 1,906,767
TOTAL ASSETS LESS CURRENT LIABILITIES 2,526,278 1,917,143
Creditors: Amounts Falling Due After More Than One Year 7 (1,162,887 ) (749,275 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (6,978 ) (2,594 )
NET ASSETS 1,356,413 1,165,274
CAPITAL AND RESERVES
Called up share capital 11 111,875 111,875
Other reserves 450,000 450,000
Income Statement 794,538 603,399
SHAREHOLDERS' FUNDS 1,356,413 1,165,274
Page 1
Page 2
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 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 Income Statement.
On behalf of the board
Mr J C Gilbert
Director
25th September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in compliance with the provisions of FRS 102, Section
1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
1.2. Turnover
Turnover comprises sales revenue from finance leases and operating leases net of VAT. For finance
leases the sales revenue recognised at the commencement of the lease is the present value of the
minimum lease payments computed at a market value of interest after deduction of the element relating
to servicing of the equipment. The amounts attributable to interest and service are recognised on a
straight line basis over the lease term. For operating leases income is recognised on a straight line
basis over the lease term.
1.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated
depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Defibrillators 20% straight line
Motor Vehicles 27.5% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
1.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks
to their present location and condition.
1.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the
reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that
it relates to items recognised in other comprehensive income or directly in capital and reserves. In this
case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at
the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or
substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is
measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.
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1.6. Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a
straight-line basis.
1.7. Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 20 (2023: 18)
20 18
3. Tangible Assets
Defibrillators Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 16,506 2,539 12,068 51,191 82,304
Additions - 1,797 16,860 5,220 23,877
As at 30 June 2024 16,506 4,336 28,928 56,411 106,181
Depreciation
As at 1 July 2023 16,259 528 8,713 46,428 71,928
Provided during the period 247 1,024 1,669 3,402 6,342
As at 30 June 2024 16,506 1,552 10,382 49,830 78,270
Net Book Value
As at 30 June 2024 - 2,784 18,546 6,581 27,911
As at 1 July 2023 247 2,011 3,355 4,763 10,376
4. Stocks
2024 2023
£ £
Stock 249,674 131,398
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,203 152,378
Finance lease receivables 1,624,250 1,458,540
Amounts owed by participating interests - 23,491
Other debtors 101,859 30,784
1,825,312 1,665,193
Due after more than one year
Finance lease receivables > 1 year 2,218,765 2,143,899
2,218,765 2,143,899
4,044,077 3,809,092
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 124,029 50,457
Other loans 386,256 349,068
Other creditors 1,200,747 1,548,285
Taxation and social security 177,377 222,423
1,888,409 2,170,233
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 327,101 350,824
Other creditors 835,786 398,451
1,162,887 749,275
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Deferred Tax 6,978 2,594
Page 5
Page 6
10. Provisions for Liabilities
Deferred Tax
£
As at 1 July 2023 2,594
Additions 4,384
Balance at 30 June 2024 6,978
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 111,875 111,875
12. Other Commitments
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Later than 1 year and not later than 5 years
32,851
31,051
image32,851
image31,051
image
image
13. Exceptional Items
The exceptional item relates to amounts due from a connected company which have been written off.
14. Ultimate Controlling Party
The company was controlled throughout the current year and previous year by the directors who own
the majority of the issued share capital.
15. General Information
Defib Machines Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07503896 . The registered office is West One, Wellington Street, Leeds, LS1 1BA.
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