Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07955653 Mr Lloyd Guwa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07955653 2023-02-28 07955653 2024-02-28 07955653 2023-03-01 2024-02-28 07955653 frs-core:CurrentFinancialInstruments 2024-02-28 07955653 frs-core:Non-currentFinancialInstruments 2024-02-28 07955653 frs-core:BetweenOneFiveYears 2024-02-28 07955653 frs-core:ComputerEquipment 2024-02-28 07955653 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07955653 frs-core:ComputerEquipment 2023-02-28 07955653 frs-core:MotorVehicles 2024-02-28 07955653 frs-core:MotorVehicles 2023-03-01 2024-02-28 07955653 frs-core:MotorVehicles 2023-02-28 07955653 frs-core:PlantMachinery 2024-02-28 07955653 frs-core:PlantMachinery 2023-03-01 2024-02-28 07955653 frs-core:PlantMachinery 2023-02-28 07955653 frs-core:ShareCapital 2024-02-28 07955653 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07955653 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07955653 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07955653 frs-bus:SmallEntities 2023-03-01 2024-02-28 07955653 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07955653 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07955653 frs-bus:Director1 2023-03-01 2024-02-28 07955653 frs-countries:EnglandWales 2023-03-01 2024-02-28 07955653 2022-02-28 07955653 2023-02-28 07955653 2022-03-01 2023-02-28 07955653 frs-core:CurrentFinancialInstruments 2023-02-28 07955653 frs-core:Non-currentFinancialInstruments 2023-02-28 07955653 frs-core:BetweenOneFiveYears 2023-02-28 07955653 frs-core:ShareCapital 2023-02-28 07955653 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07955653
Denbrad Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Lekod Consulting Ltd
Accountants
108
Bensham Grove
Thornton Heath
Surrey
CR7 8DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07955653
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,812 29,118
20,812 29,118
CURRENT ASSETS
Debtors 5 36,003 77,688
Cash at bank and in hand 12,486 12,486
48,489 90,174
Creditors: Amounts Falling Due Within One Year 6 (11,867 ) (47,811 )
NET CURRENT ASSETS (LIABILITIES) 36,622 42,363
TOTAL ASSETS LESS CURRENT LIABILITIES 57,434 71,481
Creditors: Amounts Falling Due After More Than One Year 7 (31,761 ) (43,036 )
NET ASSETS 25,673 28,445
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 25,573 28,345
SHAREHOLDERS' FUNDS 25,673 28,445
Page 1
Page 2
For the year ending 28 February 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 Lloyd Guwa
Director
2nd May 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
Denbrad Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07955653 . The registered office is Flat 5 Old Station House, 1 Carter Place, London, SE17 2GD.
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:
Plant & Machinery 25% straigthline
Motor Vehicles 25% straigthline
Computer Equipment 25% straigthline
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. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 46,530 6,000 6,000 58,530
As at 28 February 2024 46,530 6,000 6,000 58,530
Depreciation
As at 1 March 2023 19,112 6,700 3,600 29,412
Provided during the period 8,206 (700 ) 800 8,306
As at 28 February 2024 27,318 6,000 4,400 37,718
Net Book Value
As at 28 February 2024 19,212 - 1,600 20,812
As at 1 March 2023 27,418 (700 ) 2,400 29,118
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,560 18,560
Director's loan account 17,443 59,128
36,003 77,688
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,358 16,192
Corporation tax 7,759 31,019
Accruals and deferred income 750 600
11,867 47,811
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,515 27,353
Bank loans 11,246 15,683
31,761 43,036
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 20,515 27,353
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 32,350 40,000
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