Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 NI604643 Mrs Christina Byrne Mrs Fionnuala Rafferty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI604643 2022-10-31 NI604643 2023-10-31 NI604643 2022-11-01 2023-10-31 NI604643 frs-core:FurnitureFittings 2022-11-01 2023-10-31 NI604643 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 NI604643 frs-core:PlantMachinery 2022-11-01 2023-10-31 NI604643 frs-core:WithinOneYear 2023-10-31 NI604643 frs-core:ShareCapital 2023-10-31 NI604643 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI604643 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI604643 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 NI604643 frs-bus:SmallEntities 2022-11-01 2023-10-31 NI604643 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 NI604643 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI604643 frs-bus:Director1 2022-11-01 2023-10-31 NI604643 frs-bus:Director2 2022-11-01 2023-10-31 NI604643 frs-countries:NorthernIreland 2022-11-01 2023-10-31 NI604643 2021-10-31 NI604643 2022-10-31 NI604643 2021-11-01 2022-10-31 NI604643 frs-core:WithinOneYear 2022-10-31 NI604643 frs-core:ShareCapital 2022-10-31 NI604643 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: NI604643
Decorative Developments Ltd.
ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NI604643
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 223,645 189,712
223,645 189,712
CURRENT ASSETS
Stocks 113,660 616,436
Debtors 424,289 555,596
Cash at bank and in hand 145,017 140,450
682,966 1,312,482
Creditors: Amounts Falling Due Within One Year (620,214 ) (1,246,139 )
NET CURRENT ASSETS (LIABILITIES) 62,752 66,343
TOTAL ASSETS LESS CURRENT LIABILITIES 286,397 256,055
NET ASSETS 286,397 256,055
CAPITAL AND RESERVES
Called up share capital 6 16 16
Profit and Loss Account 286,381 256,039
SHAREHOLDERS' FUNDS 286,397 256,055
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For the year ending 31 October 2023 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Fionnuala Rafferty
Director
30th October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Decorative Developments Ltd. is a private company, limited by shares, incorporated in Northern Ireland, registered number NI604643 . The registered office is 7 Washingbay Road, Coalisland, Dungannon, Co. Tyrone, BT71 4ND.
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. 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 0
Plant & Machinery 15% Straight Line
Fixtures & Fittings 15% Straight Line
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2022: 25)
22 25
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4. Tangible Assets
Total
£
Cost
As at 1 November 2022 328,468
Additions 56,500
As at 31 October 2023 384,968
Depreciation
As at 1 November 2022 138,756
Provided during the period 22,567
As at 31 October 2023 161,323
Net Book Value
As at 31 October 2023 223,645
As at 1 November 2022 189,712
5. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,244 7,399
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 16 16
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