Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09372578 Mr Peter Csakany iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09372578 2023-01-31 09372578 2024-01-31 09372578 2023-02-01 2024-01-31 09372578 frs-core:CurrentFinancialInstruments 2024-01-31 09372578 frs-core:Non-currentFinancialInstruments 2024-01-31 09372578 frs-core:ComputerEquipment 2024-01-31 09372578 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09372578 frs-core:ComputerEquipment 2023-01-31 09372578 frs-core:FurnitureFittings 2024-01-31 09372578 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09372578 frs-core:FurnitureFittings 2023-01-31 09372578 frs-core:PlantMachinery 2024-01-31 09372578 frs-core:PlantMachinery 2023-02-01 2024-01-31 09372578 frs-core:PlantMachinery 2023-01-31 09372578 frs-core:ShareCapital 2024-01-31 09372578 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09372578 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09372578 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09372578 frs-bus:SmallEntities 2023-02-01 2024-01-31 09372578 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09372578 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09372578 frs-bus:Director1 2023-02-01 2024-01-31 09372578 frs-countries:EnglandWales 2023-02-01 2024-01-31 09372578 2022-01-31 09372578 2023-01-31 09372578 2022-02-01 2023-01-31 09372578 frs-core:CurrentFinancialInstruments 2023-01-31 09372578 frs-core:Non-currentFinancialInstruments 2023-01-31 09372578 frs-core:ShareCapital 2023-01-31 09372578 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09372578
Digital Recognition Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09372578
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,649 6,617
5,649 6,617
CURRENT ASSETS
Stocks 5 1,008 9,076
Debtors 6 8,613 21,183
Cash at bank and in hand 4,511 4,450
14,132 34,709
Creditors: Amounts Falling Due Within One Year (50,714 ) (72,873 )
NET CURRENT ASSETS (LIABILITIES) (36,582 ) (38,164 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,933 ) (31,547 )
NET LIABILITIES (30,933 ) (31,547 )
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (30,943 ) (31,557 )
SHAREHOLDERS' FUNDS (30,933) (31,547)
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For the year ending 31 January 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 Peter Csakany
Director
30/09/2024
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
Digital Recognition Limited Registered number 09372578 is a limited by shares company incorporated in England & Wales. The Registered Office is 107 Collingwood Crescent, Guildford, GU1 2PH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20%
Fixtures & Fittings 33%
Computer Equipment 33%
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. 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.
2.7. 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. Government Grant
No grants were received during the current period.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 4,400 640 7,447 12,487
Additions 783 723 - 1,506
As at 31 January 2024 5,183 1,363 7,447 13,993
Depreciation
As at 1 February 2023 818 85 4,967 5,870
Provided during the period 752 94 1,628 2,474
As at 31 January 2024 1,570 179 6,595 8,344
Net Book Value
As at 31 January 2024 3,613 1,184 852 5,649
As at 1 February 2023 3,582 555 2,480 6,617
5. Stocks
2024 2023
£ £
Work in progress 1,008 9,076
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,613 18,176
Other debtors - 7
5,613 18,183
Due after more than one year
Other debtors 3,000 3,000
8,613 21,183
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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