Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04534929 Mr John Dale Mr Daniel Dale Mrs Angela Dale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04534929 2023-09-30 04534929 2024-09-30 04534929 2023-10-01 2024-09-30 04534929 frs-core:CurrentFinancialInstruments 2024-09-30 04534929 frs-core:Non-currentFinancialInstruments 2024-09-30 04534929 frs-core:ComputerEquipment 2024-09-30 04534929 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04534929 frs-core:ComputerEquipment 2023-09-30 04534929 frs-core:FurnitureFittings 2024-09-30 04534929 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04534929 frs-core:FurnitureFittings 2023-09-30 04534929 frs-core:NetGoodwill 2024-09-30 04534929 frs-core:NetGoodwill 2023-10-01 2024-09-30 04534929 frs-core:NetGoodwill 2023-09-30 04534929 frs-core:MotorVehicles 2024-09-30 04534929 frs-core:MotorVehicles 2023-10-01 2024-09-30 04534929 frs-core:MotorVehicles 2023-09-30 04534929 frs-core:ShareCapital 2024-09-30 04534929 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04534929 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04534929 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04534929 frs-bus:SmallEntities 2023-10-01 2024-09-30 04534929 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04534929 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04534929 frs-bus:Director1 2023-10-01 2024-09-30 04534929 frs-bus:Director2 2023-10-01 2024-09-30 04534929 frs-bus:Director3 2023-10-01 2024-09-30 04534929 frs-countries:EnglandWales 2023-10-01 2024-09-30 04534929 2022-09-30 04534929 2023-09-30 04534929 2022-10-01 2023-09-30 04534929 frs-core:CurrentFinancialInstruments 2023-09-30 04534929 frs-core:Non-currentFinancialInstruments 2023-09-30 04534929 frs-core:ShareCapital 2023-09-30 04534929 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04534929 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 04534929
J. M. Dale Limited
Financial Statements
For The Year Ended 30 September 2024
Abacus Smarter Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04534929
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 23,045 16,102
23,045 16,102
CURRENT ASSETS
Debtors 6 19,012 24,635
Cash at bank and in hand 55,441 11,091
74,453 35,726
Creditors: Amounts Falling Due Within One Year 7 (55,445 ) (32,894 )
NET CURRENT ASSETS (LIABILITIES) 19,008 2,832
TOTAL ASSETS LESS CURRENT LIABILITIES 42,053 18,934
Creditors: Amounts Falling Due After More Than One Year 8 (7,950 ) (16,175 )
NET ASSETS 34,103 2,759
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account 34,100 2,756
SHAREHOLDERS' FUNDS 34,103 2,759
Page 1
Page 2
For the year ending 30 September 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 John Dale
Director
Mr Daniel Dale
Director
Mrs Angela Dale
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
J. M. Dale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04534929 . The registered office is 38 Olav Road, Richmond, North Yorkshire, DL10 4PU.
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 .... 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. 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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 20,000
As at 30 September 2024 20,000
Amortisation
As at 1 October 2023 20,000
As at 30 September 2024 20,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 34,184 1,750 1,540 37,474
Additions 11,700 - - 11,700
As at 30 September 2024 45,884 1,750 1,540 49,174
Depreciation
As at 1 October 2023 18,082 1,750 1,540 21,372
Provided during the period 4,757 - - 4,757
As at 30 September 2024 22,839 1,750 1,540 26,129
Net Book Value
As at 30 September 2024 23,045 - - 23,045
As at 1 October 2023 16,102 - - 16,102
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,012 23,147
S455 Corporation Tax - 1,488
19,012 24,635
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,035 10,022
Bank loans and overdrafts 8,000 7,800
Corporation tax 23,886 12,716
Other taxes and social security 91 739
VAT 8,582 1,359
Accruals and deferred income 1,806 186
Directors' loan accounts 45 72
55,445 32,894
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,950 16,175
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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