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 06110016 Mr Paul Reeves Mrs Melissa Dance-Reeves Mr John Mcloughlin Mr Paul Reeves iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06110016 2023-02-28 06110016 2024-02-29 06110016 2023-03-01 2024-02-29 06110016 frs-core:CurrentFinancialInstruments 2024-02-29 06110016 frs-core:Non-currentFinancialInstruments 2024-02-29 06110016 frs-core:BetweenOneFiveYears 2024-02-29 06110016 frs-core:FurnitureFittings 2024-02-29 06110016 frs-core:FurnitureFittings 2023-03-01 2024-02-29 06110016 frs-core:FurnitureFittings 2023-02-28 06110016 frs-core:MotorVehicles 2024-02-29 06110016 frs-core:MotorVehicles 2023-03-01 2024-02-29 06110016 frs-core:MotorVehicles 2023-02-28 06110016 frs-core:PlantMachinery 2024-02-29 06110016 frs-core:PlantMachinery 2023-03-01 2024-02-29 06110016 frs-core:PlantMachinery 2023-02-28 06110016 frs-core:WithinOneYear 2024-02-29 06110016 frs-core:ShareCapital 2024-02-29 06110016 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06110016 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06110016 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 06110016 frs-bus:SmallEntities 2023-03-01 2024-02-29 06110016 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06110016 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06110016 frs-core:UnlistedNon-exchangeTraded 2024-02-29 06110016 frs-core:UnlistedNon-exchangeTraded 2023-02-28 06110016 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 06110016 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 06110016 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 06110016 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 06110016 frs-bus:Director1 2023-03-01 2024-02-29 06110016 frs-bus:Director2 2023-03-01 2024-02-29 06110016 frs-bus:Director3 2023-03-01 2024-02-29 06110016 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 06110016 frs-core:CurrentFinancialInstruments 1 2024-02-29 06110016 frs-countries:EnglandWales 2023-03-01 2024-02-29 06110016 2022-02-28 06110016 2023-02-28 06110016 2022-03-01 2023-02-28 06110016 frs-core:CurrentFinancialInstruments 2023-02-28 06110016 frs-core:Non-currentFinancialInstruments 2023-02-28 06110016 frs-core:BetweenOneFiveYears 2023-02-28 06110016 frs-core:WithinOneYear 2023-02-28 06110016 frs-core:ShareCapital 2023-02-28 06110016 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 06110016 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 06110016
Dance-Reeves Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
The Financial Management Centre Southend
Chartered Certified Accountants
Office 22 The Link Business Centre
2nd Floor Tylers House
Southend-On-Sea
Essex
SS1 2BB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06110016
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 299,546 316,896
Investments 5 1,299,467 1,299,467
1,599,013 1,616,363
CURRENT ASSETS
Stocks 6 6,023 205,089
Debtors 7 764,578 726,109
Cash at bank and in hand 257,888 109,131
1,028,489 1,040,329
Creditors: Amounts Falling Due Within One Year 8 (873,298 ) (849,895 )
NET CURRENT ASSETS (LIABILITIES) 155,191 190,434
TOTAL ASSETS LESS CURRENT LIABILITIES 1,754,204 1,806,797
Creditors: Amounts Falling Due After More Than One Year 9 (183,455 ) (198,824 )
NET ASSETS 1,570,749 1,607,973
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 1,569,749 1,606,973
SHAREHOLDERS' FUNDS 1,570,749 1,607,973
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 Profit and Loss Account.
On behalf of the board
Mr Paul Reeves
Director
13/09/2024
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
Dance-Reeves Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06110016 . The registered office is Unit A5a Barton Industrial Estate, Faldo Road, Barton-Le-Clay, Bedford, MK45 4RP.
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. 
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% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. 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. 
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.
2.9. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 62,085 594,565 59,512 716,162
Additions - 110,985 3,357 114,342
Disposals - (44,995 ) - (44,995 )
As at 29 February 2024 62,085 660,555 62,869 785,509
Depreciation
As at 1 March 2023 37,374 308,988 52,904 399,266
Provided during the period 6,178 99,141 2,491 107,810
Disposals - (21,113 ) - (21,113 )
As at 29 February 2024 43,552 387,016 55,395 485,963
Net Book Value
As at 29 February 2024 18,533 273,539 7,474 299,546
As at 1 March 2023 24,711 285,577 6,608 316,896
5. Investments
Unlisted
£
Cost
As at 1 March 2023 1,299,467
As at 29 February 2024 1,299,467
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 1,299,467
As at 1 March 2023 1,299,467
6. Stocks
2024 2023
£ £
Stock 6,023 205,089
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 681,603 700,428
Other debtors (1) (2,499 ) -
Deferred tax current asset 56,914 -
VAT 28,560 25,681
764,578 726,109
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 96,768 97,289
Trade creditors 651,774 212,542
Bank loans and overdrafts - 137,726
Corporation tax 65,240 253,186
Other taxes and social security 18,364 20,588
Net wages 34,955 27,550
Accruals and deferred income 5,760 5,760
Directors' loan accounts 437 95,254
873,298 849,895
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 183,455 198,824
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 96,768 97,289
Later than one year and not later than five years 183,455 198,824
280,223 296,113
280,223 296,113
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5