Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10013483 Mr Daniel Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10013483 2023-02-28 10013483 2024-02-28 10013483 2023-03-01 2024-02-28 10013483 frs-core:CurrentFinancialInstruments 2024-02-28 10013483 frs-core:Non-currentFinancialInstruments 2024-02-28 10013483 frs-core:ComputerEquipment 2024-02-28 10013483 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10013483 frs-core:ComputerEquipment 2023-02-28 10013483 frs-core:FurnitureFittings 2024-02-28 10013483 frs-core:FurnitureFittings 2023-03-01 2024-02-28 10013483 frs-core:FurnitureFittings 2023-02-28 10013483 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 10013483 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 10013483 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 10013483 frs-core:MotorVehicles 2024-02-28 10013483 frs-core:MotorVehicles 2023-03-01 2024-02-28 10013483 frs-core:MotorVehicles 2023-02-28 10013483 frs-core:ShareCapital 2024-02-28 10013483 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10013483 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10013483 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10013483 frs-bus:SmallEntities 2023-03-01 2024-02-28 10013483 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10013483 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10013483 frs-bus:Director1 2023-03-01 2024-02-28 10013483 frs-countries:EnglandWales 2023-03-01 2024-02-28 10013483 2022-02-28 10013483 2023-02-28 10013483 2022-03-01 2023-02-28 10013483 frs-core:CurrentFinancialInstruments 2023-02-28 10013483 frs-core:Non-currentFinancialInstruments 2023-02-28 10013483 frs-core:BetweenOneFiveYears 2023-02-28 10013483 frs-core:MoreThanFiveYears 2023-02-28 10013483 frs-core:WithinOneYear 2023-02-28 10013483 frs-core:ShareCapital 2023-02-28 10013483 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10013483
DKUK Projects Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10013483
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,074 39,253
33,074 39,253
CURRENT ASSETS
Stocks 5 10,844 7,795
Debtors 6 34,224 38,466
Cash at bank and in hand 29,789 21,325
74,857 67,586
Creditors: Amounts Falling Due Within One Year 7 (53,938 ) (46,471 )
NET CURRENT ASSETS (LIABILITIES) 20,919 21,115
TOTAL ASSETS LESS CURRENT LIABILITIES 53,993 60,368
Creditors: Amounts Falling Due After More Than One Year 8 (51,158 ) (56,679 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,700 ) (3,500 )
NET ASSETS 135 189
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 35 89
SHAREHOLDERS' FUNDS 135 189
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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 Daniel Kelly
Director
09/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DKUK Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10013483 . The registered office is 191 Queens Road, London, SE15 2NG.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Leasehold 15 years
Motor Vehicles 5 years
Fixtures & Fittings 4 years reducing balance
Computer Equipment 3 years
2.5. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 28,850 3,966 53,209 7,957 93,982
Additions - - 2,099 117 2,216
As at 28 February 2024 28,850 3,966 55,308 8,074 96,198
Depreciation
As at 1 March 2023 8,145 1,586 39,528 5,470 54,729
Provided during the period 1,924 794 3,944 1,733 8,395
As at 28 February 2024 10,069 2,380 43,472 7,203 63,124
Net Book Value
As at 28 February 2024 18,781 1,586 11,836 871 33,074
As at 1 March 2023 20,705 2,380 13,681 2,487 39,253
5. Stocks
2024 2023
£ £
Stock 10,844 7,795
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 296 954
Other debtors 5,507 3,750
Director's loan account 28,421 33,762
34,224 38,466
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,895 8,170
Bank loans and overdrafts 12,127 13,761
Other creditors 2,025 3,894
Taxation and social security 33,891 20,646
53,938 46,471
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 51,158 56,679
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 15,000
Later than one year and not later than five years - 60,000
Later than five years - 75,000
- 150,000
10. Directors Advances, Credits and Guarantees
At the balance sheet date the company was owed £28,421 by the director (2023: £33,762)
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