Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07915989 Mr Nicholas Whitmore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07915989 2023-01-31 07915989 2024-01-31 07915989 2023-02-01 2024-01-31 07915989 frs-core:Non-currentFinancialInstruments 2024-01-31 07915989 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07915989 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 07915989 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07915989 frs-core:ShareCapital 2024-01-31 07915989 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07915989 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07915989 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 07915989 frs-bus:SmallEntities 2023-02-01 2024-01-31 07915989 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07915989 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07915989 frs-bus:Director1 2023-02-01 2024-01-31 07915989 frs-bus:Director1 2023-01-31 07915989 frs-bus:Director1 2024-01-31 07915989 frs-countries:EnglandWales 2023-02-01 2024-01-31 07915989 2022-01-31 07915989 2023-01-31 07915989 2022-02-01 2023-01-31 07915989 frs-core:Non-currentFinancialInstruments 2023-01-31 07915989 frs-core:ShareCapital 2023-01-31 07915989 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07915989
Ndistribution Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Butterworths
Chartered Accountants
Windsor House
26 Mostyn Avenue
Llandudno
Conwy
LL30 1YY
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07915989
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 89,706 86,445
Tangible Assets 5 10,224 11,007
99,930 97,452
CURRENT ASSETS
Stocks 554,574 502,058
Debtors 254,799 190,242
Cash at bank and in hand 22,448 24,899
831,821 717,199
Creditors: Amounts Falling Due Within One Year (773,861 ) (571,973 )
NET CURRENT ASSETS (LIABILITIES) 57,960 145,226
TOTAL ASSETS LESS CURRENT LIABILITIES 157,890 242,678
Creditors: Amounts Falling Due After More Than One Year (136,959 ) (221,589 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,053 ) (18,231 )
NET ASSETS 3,878 2,858
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 3,778 2,758
SHAREHOLDERS' FUNDS 3,878 2,858
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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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Nicholas Whitmore
Director
15/05/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Ndistribution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07915989 . The registered office is Windsor House, 26 Mostyn Avenue, Llandudno, Conwy, LL30 1YY.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website Domains. They are 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:
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% 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.
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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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 6)
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4. Intangible Assets
Total
£
Cost
As at 1 February 2023 148,917
Additions 58,522
Disposals (50,932 )
As at 31 January 2024 156,507
Amortisation
As at 1 February 2023 62,472
Provided during the period 24,475
Disposals (20,146 )
As at 31 January 2024 66,801
Net Book Value
As at 31 January 2024 89,706
As at 1 February 2023 86,445
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5. Tangible Assets
Total
£
Cost
As at 1 February 2023 26,122
Additions 3,702
Disposals (4,257 )
As at 31 January 2024 25,567
Depreciation
As at 1 February 2023 15,115
Provided during the period 2,672
Disposals (2,444 )
As at 31 January 2024 15,343
Net Book Value
As at 31 January 2024 10,224
As at 1 February 2023 11,007
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Nicholas Whitmore 130,638 43,465 - - 174,103
The above loan is unsecured, interest free and repayable on demand.
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