Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 03516323 J Charlton D Charlton J Charlton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03516323 2023-02-28 03516323 2024-02-29 03516323 2023-03-01 2024-02-29 03516323 frs-core:CurrentFinancialInstruments 2024-02-29 03516323 frs-core:ComputerEquipment 2024-02-29 03516323 frs-core:ComputerEquipment 2023-03-01 2024-02-29 03516323 frs-core:ComputerEquipment 2023-02-28 03516323 frs-core:PlantMachinery 2024-02-29 03516323 frs-core:PlantMachinery 2023-03-01 2024-02-29 03516323 frs-core:PlantMachinery 2023-02-28 03516323 frs-core:ShareCapital 2024-02-29 03516323 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 03516323 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03516323 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 03516323 frs-bus:SmallEntities 2023-03-01 2024-02-29 03516323 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03516323 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 03516323 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 03516323 frs-bus:OrdinaryShareClass2 2024-02-29 03516323 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29 03516323 frs-bus:OrdinaryShareClass3 2024-02-29 03516323 frs-bus:Director1 2023-03-01 2024-02-29 03516323 frs-bus:Director1 2023-02-28 03516323 frs-bus:Director1 2024-02-29 03516323 frs-bus:Director2 2023-03-01 2024-02-29 03516323 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 03516323 frs-countries:EnglandWales 2023-03-01 2024-02-29 03516323 2022-02-28 03516323 2023-02-28 03516323 2022-03-01 2023-02-28 03516323 frs-core:CurrentFinancialInstruments 2023-02-28 03516323 frs-core:ShareCapital 2023-02-28 03516323 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 03516323 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-28 03516323 frs-bus:OrdinaryShareClass3 2022-03-01 2023-02-28
Registered number: 03516323
Dejac Associates Limited
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 03516323
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 687 962
687 962
CURRENT ASSETS
Debtors 5 10,736 13,415
Cash at bank and in hand 6,155 5,084
16,891 18,499
Creditors: Amounts Falling Due Within One Year 6 (17,443 ) (19,290 )
NET CURRENT ASSETS (LIABILITIES) (552 ) (791 )
TOTAL ASSETS LESS CURRENT LIABILITIES 135 171
NET ASSETS 135 171
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 35 71
SHAREHOLDERS' FUNDS 135 171
Page 1
Page 2
For the year ending 29 February 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
D Charlton
Director
27th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Dejac Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03516323 . The registered office is 3 The Homestead, Missenden Road, Great Kingshill, High Wycombe, Buckinghamshire, HP15 6EJ.
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% straight line
Computer Equipment 25% straight line
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 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
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Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 47,460 2,269 49,729
As at 29 February 2024 47,460 2,269 49,729
Depreciation
As at 1 March 2023 47,460 1,307 48,767
Provided during the period - 275 275
As at 29 February 2024 47,460 1,582 49,042
Net Book Value
As at 29 February 2024 - 687 687
As at 1 March 2023 - 962 962
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,498 13,046
Other debtors 6,238 369
10,736 13,415
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,160 1,542
Taxation and social security 16,283 17,748
17,443 19,290
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
80 Ordinary A shares of £ 1.00 each 80 80
20 Ordinary B shares of £ 1.00 each 20 20
100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Darrin Charlton (382 ) 12,400 (5,780 ) - 6,238
The above loan is unsecured, interest free and repayable on demand.
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