Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07925288 Mr Richard Longworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07925288 2023-01-31 07925288 2024-01-31 07925288 2023-02-01 2024-01-31 07925288 frs-core:CurrentFinancialInstruments 2024-01-31 07925288 frs-core:Non-currentFinancialInstruments 2024-01-31 07925288 frs-core:FurnitureFittings 2024-01-31 07925288 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07925288 frs-core:FurnitureFittings 2023-01-31 07925288 frs-core:MotorVehicles 2024-01-31 07925288 frs-core:MotorVehicles 2023-02-01 2024-01-31 07925288 frs-core:MotorVehicles 2023-01-31 07925288 frs-core:ShareCapital 2024-01-31 07925288 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07925288 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07925288 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07925288 frs-bus:SmallEntities 2023-02-01 2024-01-31 07925288 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07925288 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07925288 frs-bus:Director1 2023-02-01 2024-01-31 07925288 frs-countries:EnglandWales 2023-02-01 2024-01-31 07925288 2022-01-31 07925288 2023-01-31 07925288 2022-02-01 2023-01-31 07925288 frs-core:CurrentFinancialInstruments 2023-01-31 07925288 frs-core:Non-currentFinancialInstruments 2023-01-31 07925288 frs-core:ShareCapital 2023-01-31 07925288 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07925288
Digital Memorial Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Keith May Accounting Services Ltd
Aura Business Centre
Heath Road
Skegness
Lincolnshire
PE25 3SJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07925288
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,694 16,111
20,694 16,111
CURRENT ASSETS
Stocks 5 5,673 9,970
Debtors 6 16,417 1,956
Cash at bank and in hand 53,072 61,264
75,162 73,190
Creditors: Amounts Falling Due Within One Year 7 (22,268 ) (15,431 )
NET CURRENT ASSETS (LIABILITIES) 52,894 57,759
TOTAL ASSETS LESS CURRENT LIABILITIES 73,588 73,870
Creditors: Amounts Falling Due After More Than One Year 8 (2,949 ) (4,309 )
NET ASSETS 70,639 69,561
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 70,638 69,560
SHAREHOLDERS' FUNDS 70,639 69,561
Page 1
Page 2
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 Richard Longworth
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Digital Memorial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07925288 . The registered office is 4 Shardeloes Road, Skegness, Lincolnshire, PE25 3AA.
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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
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:
Motor Vehicles 20% Straight Line
Fixtures & Fittings 15% Reducing Balance
2.4. 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.
2.5. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 - 35,658 35,658
Additions 8,750 - 8,750
As at 31 January 2024 8,750 35,658 44,408
Depreciation
As at 1 February 2023 - 19,547 19,547
Provided during the period 1,750 2,417 4,167
As at 31 January 2024 1,750 21,964 23,714
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2024 7,000 13,694 20,694
As at 1 February 2023 - 16,111 16,111
5. Stocks
2024 2023
£ £
Stock 5,673 9,970
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,403 3,053
Other debtors 3,014 (1,097)
16,417 1,956
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,398 127
Bank loans and overdrafts 1,360 1,289
Other creditors 4,395 10,232
Taxation and social security 1,115 3,783
22,268 15,431
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,949 4,309
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4