Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06820751 Mr P A Harbin Mr S Russell Mr D L Currie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06820751 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 06820751 2023-03-31 06820751 2024-03-31 06820751 2023-04-01 2024-03-31 06820751 frs-core:CurrentFinancialInstruments 2024-03-31 06820751 frs-core:Non-currentFinancialInstruments 2024-03-31 06820751 frs-core:ComputerEquipment 2024-03-31 06820751 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06820751 frs-core:ComputerEquipment 2023-03-31 06820751 frs-core:FurnitureFittings 2024-03-31 06820751 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06820751 frs-core:FurnitureFittings 2023-03-31 06820751 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06820751 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06820751 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 06820751 frs-core:MotorVehicles 2024-03-31 06820751 frs-core:MotorVehicles 2023-04-01 2024-03-31 06820751 frs-core:MotorVehicles 2023-03-31 06820751 frs-core:PlantMachinery 2024-03-31 06820751 frs-core:PlantMachinery 2023-04-01 2024-03-31 06820751 frs-core:PlantMachinery 2023-03-31 06820751 frs-core:ShareCapital 2024-03-31 06820751 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06820751 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06820751 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06820751 frs-bus:SmallEntities 2023-04-01 2024-03-31 06820751 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06820751 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06820751 frs-bus:Director1 2023-04-01 2024-03-31 06820751 frs-bus:Director2 2023-04-01 2024-03-31 06820751 frs-bus:Director3 2023-04-01 2024-03-31 06820751 frs-countries:EnglandWales 2023-04-01 2024-03-31 06820751 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 06820751 2022-03-31 06820751 2023-03-31 06820751 2022-04-01 2023-03-31 06820751 frs-core:CurrentFinancialInstruments 2023-03-31 06820751 frs-core:Non-currentFinancialInstruments 2023-03-31 06820751 frs-core:ShareCapital 2023-03-31 06820751 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06820751
Darwin Security Limited
Financial Statements
For The Year Ended 31 March 2024
Expertax Limited
Chartered Certified Accountants
42-44 Clarendon Road
Watford
Hertfordshire
WD17 1JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06820751
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 412,067 417,578
412,067 417,578
CURRENT ASSETS
Debtors 5 33,021 76,428
Cash at bank and in hand 304,871 262,777
337,892 339,205
Creditors: Amounts Falling Due Within One Year 6 (131,423 ) (110,411 )
NET CURRENT ASSETS (LIABILITIES) 206,469 228,794
TOTAL ASSETS LESS CURRENT LIABILITIES 618,536 646,372
Creditors: Amounts Falling Due After More Than One Year 7 (266,886 ) (272,920 )
NET ASSETS 351,650 373,452
CAPITAL AND RESERVES
Called up share capital 9 108 106
Profit and Loss Account 351,542 373,346
SHAREHOLDERS' FUNDS 351,650 373,452
Page 1
Page 2
For the year ending 31 March 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 Profit and Loss Account.
On behalf of the board
Mr P A Harbin
Director
10/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Darwin Security Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06820751 . The registered office is C/o Expertax Limited, 42-44 Clarendon Road, Watford, Hertfordshire, WD17 1JJ.
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 Not depreciated
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
Page 3
Page 4
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 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 7)
8 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 405,114 820 52,186 7,704
Disposals - - (28,985 ) (896 )
As at 31 March 2024 405,114 820 23,201 6,808
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 - 256 45,088 5,112
Provided during the period - 141 1,049 618
Disposals - - (26,084 ) (776 )
As at 31 March 2024 - 397 20,053 4,954
Net Book Value
As at 31 March 2024 405,114 423 3,148 1,854
As at 1 April 2023 405,114 564 7,098 2,592
Computer Equipment Total
£ £
Cost
As at 1 April 2023 4,540 470,364
Disposals (548 ) (30,429 )
As at 31 March 2024 3,992 439,935
Depreciation
As at 1 April 2023 2,330 52,786
Provided during the period 509 2,317
Disposals (375 ) (27,235 )
As at 31 March 2024 2,464 27,868
Net Book Value
As at 31 March 2024 1,528 412,067
As at 1 April 2023 2,210 417,578
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,255 62,425
Other debtors 2,766 14,003
33,021 76,428
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,917 20,378
Bank loans and overdrafts 6,558 6,778
Other creditors 17,055 11,237
Taxation and social security 78,893 72,018
131,423 110,411
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 266,886 272,920
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 234,738 243,760
8. Secured Creditors
Of the creditors the following amounts are secured by a fixed charge over the land and property of the Company.
2024 2023
£ £
Bank loans and overdrafts 273,445 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 108 106
Page 6