Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04678485 Mr David Monkhouse Mr Kevin Monkhouse Mr Kevin Monkhouse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04678485 2023-05-31 04678485 2024-05-31 04678485 2023-06-01 2024-05-31 04678485 frs-core:ComputerEquipment 2023-06-01 2024-05-31 04678485 frs-core:NetGoodwill 2023-06-01 2024-05-31 04678485 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04678485 frs-core:MotorVehicles 2023-06-01 2024-05-31 04678485 frs-core:PlantMachinery 2023-06-01 2024-05-31 04678485 frs-core:ShareCapital 2024-05-31 04678485 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04678485 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04678485 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 04678485 frs-bus:SmallEntities 2023-06-01 2024-05-31 04678485 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04678485 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04678485 frs-bus:Director1 2023-06-01 2024-05-31 04678485 frs-bus:Director2 2023-06-01 2024-05-31 04678485 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 04678485 frs-countries:EnglandWales 2023-06-01 2024-05-31 04678485 2022-05-31 04678485 2023-05-31 04678485 2022-06-01 2023-05-31 04678485 frs-core:ShareCapital 2023-05-31 04678485 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04678485
David Monkhouse Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
SeavorChartered
Chartered Accountants & Tax Advisers
Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04678485
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 57,991 63,783
57,991 63,783
CURRENT ASSETS
Stocks 25,695 21,765
Debtors 12,301 15,741
Investments - 458,382
Cash at bank and in hand 850,647 368,899
888,643 864,787
Creditors: Amounts Falling Due Within One Year (80,409 ) (118,615 )
NET CURRENT ASSETS (LIABILITIES) 808,234 746,172
TOTAL ASSETS LESS CURRENT LIABILITIES 866,225 809,955
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (4,498 ) (5,946 )
NET ASSETS 861,727 804,009
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 861,725 804,007
SHAREHOLDERS' FUNDS 861,727 804,009
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For the year ending 31 May 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Kevin Monkhouse
Director
23 October 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
David Monkhouse Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04678485 . The registered office is 23 Waverley Gardens, Stanwix, Carlisle, Cumbria, CA3 9JX.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 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 No charge
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 15% 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. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Investments in non derivative instruments that are equity to the issuer are measured:
  • at fair value with changes recognised in the Statement of profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably;
  • at cost less impairment for all other investments.

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2.7. Taxation
The tax charge represents the sum of the tax currently payable and deferred tax.

Corporation tax currently payable is based on taxable profit for the year. 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 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.
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. Valuation of Investments
Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
4. Intangible Assets
Total
£
Cost
As at 1 June 2023 62,500
As at 31 May 2024 62,500
Amortisation
As at 1 June 2023 62,500
As at 31 May 2024 62,500
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 June 2023 170,979
As at 31 May 2024 170,979
Depreciation
As at 1 June 2023 107,196
Provided during the period 5,792
As at 31 May 2024 112,988
Net Book Value
As at 31 May 2024 57,991
As at 1 June 2023 63,783
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6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,498 5,946
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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