Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI618793 Mr Tom Graham Douglas Mr Paul Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI618793 2023-03-31 NI618793 2024-03-31 NI618793 2023-04-01 2024-03-31 NI618793 frs-core:CurrentFinancialInstruments 2024-03-31 NI618793 frs-core:Non-currentFinancialInstruments 2024-03-31 NI618793 frs-core:BetweenOneFiveYears 2024-03-31 NI618793 frs-core:FurnitureFittings 2024-03-31 NI618793 frs-core:FurnitureFittings 2023-04-01 2024-03-31 NI618793 frs-core:FurnitureFittings 2023-03-31 NI618793 frs-core:MotorVehicles 2024-03-31 NI618793 frs-core:MotorVehicles 2023-04-01 2024-03-31 NI618793 frs-core:MotorVehicles 2023-03-31 NI618793 frs-core:PlantMachinery 2024-03-31 NI618793 frs-core:PlantMachinery 2023-04-01 2024-03-31 NI618793 frs-core:PlantMachinery 2023-03-31 NI618793 frs-core:WithinOneYear 2024-03-31 NI618793 frs-core:ShareCapital 2024-03-31 NI618793 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI618793 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI618793 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI618793 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI618793 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI618793 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI618793 frs-bus:Director1 2023-04-01 2024-03-31 NI618793 frs-bus:Director1 2023-03-31 NI618793 frs-bus:Director1 2024-03-31 NI618793 frs-bus:Director2 2023-04-01 2024-03-31 NI618793 frs-bus:Director2 2023-03-31 NI618793 frs-bus:Director2 2024-03-31 NI618793 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI618793 2022-03-31 NI618793 2023-03-31 NI618793 2022-04-01 2023-03-31 NI618793 frs-core:CurrentFinancialInstruments 2023-03-31 NI618793 frs-core:Non-currentFinancialInstruments 2023-03-31 NI618793 frs-core:BetweenOneFiveYears 2023-03-31 NI618793 frs-core:WithinOneYear 2023-03-31 NI618793 frs-core:ShareCapital 2023-03-31 NI618793 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI618793
D & K Architectural Systems Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI618793
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 174,161 29,502
174,161 29,502
CURRENT ASSETS
Stocks 5 111,650 8,200
Debtors 6 899,687 702,632
Cash at bank and in hand 12,886 21,195
1,024,223 732,027
Creditors: Amounts Falling Due Within One Year 7 (687,321 ) (512,059 )
NET CURRENT ASSETS (LIABILITIES) 336,902 219,968
TOTAL ASSETS LESS CURRENT LIABILITIES 511,063 249,470
Creditors: Amounts Falling Due After More Than One Year 8 (269,979 ) (86,965 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,321 ) (5,605 )
NET ASSETS 204,763 156,900
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 204,563 156,700
SHAREHOLDERS' FUNDS 204,763 156,900
Page 1
Page 2
For the year ending 31 March 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 Tom Graham Douglas
Director
13 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D & K Architectural Systems Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI618793 . The registered office is Unit 3b, Trummery Industrial Park Meadow Road, Moira, Craigavon, Co. Armagh, BT67 0HH.
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.
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:
Plant & Machinery 20% and 10% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% 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.
2.6. 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.
Page 3
Page 4
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 25)
26 25
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 96,956 39,000 33,440 169,396
Additions 144,021 34,000 3,100 181,121
As at 31 March 2024 240,977 73,000 36,540 350,517
Depreciation
As at 1 April 2023 78,011 36,126 25,757 139,894
Provided during the period 23,041 9,938 3,483 36,462
As at 31 March 2024 101,052 46,064 29,240 176,356
Net Book Value
As at 31 March 2024 139,925 26,936 7,300 174,161
As at 1 April 2023 18,945 2,874 7,683 29,502
5. Stocks
2024 2023
£ £
Stock 111,650 8,200
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 295,040 220,613
Amounts recoverable on contracts 497,095 407,858
Other debtors 107,552 74,161
899,687 702,632
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 34,111 3,723
Trade creditors 471,428 360,713
Bank loans and overdrafts 44,559 43,482
Other loans 19,367 -
Other creditors 36,373 78,946
Taxation and social security 81,483 25,195
687,321 512,059
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 106,263 -
Bank loans 50,304 86,965
Other loans 113,412 -
269,979 86,965
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 34,111 3,723
Later than one year and not later than five years 106,263 -
140,374 3,723
140,374 3,723
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Tom Douglas 18,600 20,968 (18,600 ) - 20,968
Mr Paul Kelly - 63,996 (43,454 ) - 20,542
Loan balances are repayable on demand. The interest rate applied is the official rate for beneficial loan arrangements. 
12. Related Party Transactions
During the year, dividends of £37,200 were paid to the directors.
Page 6