Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 01813194 Jocelin Harris Howard Long Halkin Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01813194 2023-07-31 01813194 2024-07-31 01813194 2023-08-01 2024-07-31 01813194 frs-core:CurrentFinancialInstruments 2024-07-31 01813194 frs-core:Non-currentFinancialInstruments 2024-07-31 01813194 frs-core:ShareCapital 2024-07-31 01813194 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 01813194 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01813194 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 01813194 frs-bus:SmallEntities 2023-08-01 2024-07-31 01813194 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01813194 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01813194 frs-bus:Director1 2023-08-01 2024-07-31 01813194 frs-bus:Director2 2023-08-01 2024-07-31 01813194 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 01813194 frs-countries:EnglandWales 2023-08-01 2024-07-31 01813194 2022-07-31 01813194 2023-07-31 01813194 2022-08-01 2023-07-31 01813194 frs-core:CurrentFinancialInstruments 2023-07-31 01813194 frs-core:Non-currentFinancialInstruments 2023-07-31 01813194 frs-core:ShareCapital 2023-07-31 01813194 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 01813194
DURRINGTON CORPORATION LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01813194
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,896,110 1,452,205
Cash at bank and in hand 200,064 966,710
2,096,174 2,418,915
Creditors: Amounts Falling Due Within One Year 5 (806,571 ) (1,167,967 )
NET CURRENT ASSETS (LIABILITIES) 1,289,603 1,250,948
TOTAL ASSETS LESS CURRENT LIABILITIES 1,289,603 1,250,948
NET ASSETS 1,289,603 1,250,948
CAPITAL AND RESERVES
Called up share capital 6 250,000 250,000
Profit and Loss Account 1,039,603 1,000,948
SHAREHOLDERS' FUNDS 1,289,603 1,250,948
For the year ending 31 July 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
Jocelin Harris
Director
18 November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
DURRINGTON CORPORATION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01813194 . The registered office is 15 Belgrave Square, London, SW1X 8PS.
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.
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. 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.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,419 68,340
Other debtors (Debtors < 1 year) 20,557 227,831
VAT 1,962 3,862
58,938 300,033
Due after more than one year
Other debtors 1,837,172 1,152,172
1,896,110 1,452,205
Other debtors due within one year and after more than one year comprises a deposit paid in respect of a property lease, a loan to the company pension scheme and loans to companies or connected individuals where Mr Harris has an interest in those companies as a Director and/or Shareholder. Loans are subject to commercial rates of interest.
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Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,829 1,772
Corporation tax (3,265 ) 4,025
Directors' loan accounts 808,007 1,162,170
806,571 1,167,967
The Director's loan, from Mr Harris, will only be repayable when surplus funds are available and when all other creditors have been met in full.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250,000 250,000
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