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 11841236 Mr Adriano Di Maria Mr Antonio Di Maria iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11841236 2023-03-31 11841236 2024-03-31 11841236 2023-04-01 2024-03-31 11841236 frs-core:CurrentFinancialInstruments 2024-03-31 11841236 frs-core:Non-currentFinancialInstruments 2024-03-31 11841236 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 11841236 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 11841236 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11841236 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 11841236 frs-core:MotorVehicles 2024-03-31 11841236 frs-core:MotorVehicles 2023-04-01 2024-03-31 11841236 frs-core:MotorVehicles 2023-03-31 11841236 frs-core:OtherResidualIntangibleAssets 2024-03-31 11841236 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 11841236 frs-core:OtherResidualIntangibleAssets 2023-03-31 11841236 frs-core:PlantMachinery 2024-03-31 11841236 frs-core:PlantMachinery 2023-04-01 2024-03-31 11841236 frs-core:PlantMachinery 2023-03-31 11841236 frs-core:ShareCapital 2024-03-31 11841236 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11841236 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11841236 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11841236 frs-bus:SmallEntities 2023-04-01 2024-03-31 11841236 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11841236 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11841236 frs-bus:Director1 2023-04-01 2024-03-31 11841236 frs-bus:Director2 2023-04-01 2024-03-31 11841236 frs-countries:EnglandWales 2023-04-01 2024-03-31 11841236 2022-03-31 11841236 2023-03-31 11841236 2022-04-01 2023-03-31 11841236 frs-core:CurrentFinancialInstruments 2023-03-31 11841236 frs-core:Non-currentFinancialInstruments 2023-03-31 11841236 frs-core:ShareCapital 2023-03-31 11841236 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11841236
A Di Maria & Sons Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11841236
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,840 5,760
Tangible Assets 5 405,949 294,155
409,789 299,915
CURRENT ASSETS
Stocks 6 163,632 138,906
Debtors 7 367,429 275,992
Cash at bank and in hand 136,310 122,365
667,371 537,263
Creditors: Amounts Falling Due Within One Year 8 (846,843 ) (738,855 )
NET CURRENT ASSETS (LIABILITIES) (179,472 ) (201,592 )
TOTAL ASSETS LESS CURRENT LIABILITIES 230,317 98,323
Creditors: Amounts Falling Due After More Than One Year 9 (110,073 ) (22,331 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,085 ) (16,309 )
NET ASSETS 66,159 59,683
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 66,059 59,583
SHAREHOLDERS' FUNDS 66,159 59,683
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 Adriano Di Maria
Director
Mr Antonio Di Maria
Director
23 October 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
A Di Maria & Sons Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11841236 . The registered office is 4 The Stampings Blue Ribbon, Coventry, West Midlands, CV6 5RE.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are company website. It is amortised to profit and loss account over its estimated economic life of 5 years.
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:
Freehold 2% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
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. 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
2.8. 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.
2.9. 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: 13 (2023: 11)
13 11
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 9,600
As at 31 March 2024 9,600
Amortisation
As at 1 April 2023 3,840
Provided during the period 1,920
As at 31 March 2024 5,760
Net Book Value
As at 31 March 2024 3,840
As at 1 April 2023 5,760
Page 4
Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 266,892 13,000 52,235 332,127
Additions 12,309 38,214 104,940 155,463
Disposals - - (10,563 ) (10,563 )
As at 31 March 2024 279,201 51,214 146,612 477,027
Depreciation
As at 1 April 2023 4,838 6,249 26,885 37,972
Provided during the period 5,084 3,572 31,759 40,415
Disposals - - (7,309 ) (7,309 )
As at 31 March 2024 9,922 9,821 51,335 71,078
Net Book Value
As at 31 March 2024 269,279 41,393 95,277 405,949
As at 1 April 2023 262,054 6,751 25,350 294,155
6. Stocks
2024 2023
£ £
Finished goods 163,632 138,906
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 355,789 268,411
Prepayments and accrued income 8,097 7,007
Other debtors 125 574
VAT 3,418 -
367,429 275,992
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 347,989 352,051
Bank loans and overdrafts 26,710 9,336
Corporation tax 26,639 30,997
Other taxes and social security 4,138 2,127
VAT - 5,814
Other creditors 285,350 216,170
...CONTINUED
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Page 6
Accruals and deferred income 20,136 2,050
Other grants 7,240 -
Directors' loan accounts 128,641 120,310
846,843 738,855
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 88,353 22,331
Other grants 21,720 -
110,073 22,331
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 93,396 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Dividends paid to directors during the year were £80,000 (2023: £80,000)
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