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 07674975 Mr John Zamick Mr Darran Potter Mr Robert Carnell Mr Malcolm Ashworth Mr John Zamick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07674975 2023-03-31 07674975 2024-03-31 07674975 2023-04-01 2024-03-31 07674975 frs-core:CurrentFinancialInstruments 2024-03-31 07674975 frs-core:Non-currentFinancialInstruments 2024-03-31 07674975 frs-core:BetweenOneFiveYears 2024-03-31 07674975 frs-core:PlantMachinery 2024-03-31 07674975 frs-core:PlantMachinery 2023-04-01 2024-03-31 07674975 frs-core:PlantMachinery 2023-03-31 07674975 frs-core:WithinOneYear 2024-03-31 07674975 frs-core:ShareCapital 2024-03-31 07674975 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07674975 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07674975 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07674975 frs-bus:SmallEntities 2023-04-01 2024-03-31 07674975 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07674975 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07674975 frs-bus:Director1 2023-04-01 2024-03-31 07674975 frs-bus:Director2 2023-04-01 2024-03-31 07674975 frs-bus:Director3 2023-04-01 2024-03-31 07674975 frs-bus:Director4 2023-04-01 2024-03-31 07674975 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 07674975 frs-countries:EnglandWales 2023-04-01 2024-03-31 07674975 2022-03-31 07674975 2023-03-31 07674975 2022-04-01 2023-03-31 07674975 frs-core:CurrentFinancialInstruments 2023-03-31 07674975 frs-core:Non-currentFinancialInstruments 2023-03-31 07674975 frs-core:BetweenOneFiveYears 2023-03-31 07674975 frs-core:WithinOneYear 2023-03-31 07674975 frs-core:ShareCapital 2023-03-31 07674975 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07674975
DistGen Faccombe LGC Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07674975
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,152 214,269
193,152 214,269
CURRENT ASSETS
Debtors 5 247,635 131,308
Cash at bank and in hand 198,034 45,939
445,669 177,247
Creditors: Amounts Falling Due Within One Year 6 (213,138 ) (73,695 )
NET CURRENT ASSETS (LIABILITIES) 232,531 103,552
TOTAL ASSETS LESS CURRENT LIABILITIES 425,683 317,821
Creditors: Amounts Falling Due After More Than One Year 7 (230,344 ) (260,739 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,213 ) (15,880 )
NET ASSETS 159,126 41,202
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 158,926 41,002
SHAREHOLDERS' FUNDS 159,126 41,202
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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 John Zamick
Director
24 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DistGen Faccombe LGC Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07674975 . The registered office is 3 Merietts Court Long Ashton Business Park, Yanley Lane, Bristol, BS41 9LB.
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. 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 5% 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. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
There were no employees during the year NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 422,348
As at 31 March 2024 422,348
Depreciation
As at 1 April 2023 208,079
Provided during the period 21,117
As at 31 March 2024 229,196
Net Book Value
As at 31 March 2024 193,152
As at 1 April 2023 214,269
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,691 -
Prepayments and accrued income 33,358 18,875
VAT - 7,847
63,049 26,722
Due after more than one year
Amounts owed by group undertakings 156,387 76,387
Amounts owed by parent undertaking 28,199 28,199
184,586 104,586
247,635 131,308
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,395 14,395
Trade creditors 46,164 18,618
Corporation tax 25,591 -
VAT 2,511 -
Other creditors 771 448
Accruals and deferred income 123,706 40,234
213,138 73,695
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,841 59,236
Directors loan account 112,383 128,383
Amounts owed to group undertakings 73,120 73,120
230,344 260,739
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,395 14,395
Later than one year and not later than five years 44,841 59,236
59,236 73,631
59,236 73,631
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
10. Related Party Transactions
Mr John Zamick is a director and controlling shareholder of Smarter Microgrid Limited. At the year end, Smarter Microcrid Ltd owed the company £8,498 (2023: £8,498).
Mr John Zamick is a director of Distgen Hinton LGC Ltd. At the year end the company owed Distgen Hinton LGC Ltd £73,120 (2023: £73,120).
Mr John Zamick is a director of Distgen Rogershill LGC Ltd. At the year end Distgen Rogershill LGC Ltd owed the company £5,888 (2023: £5,888).
Mr John Zamick is a director and controlling shareholder of Distgen Wanstrow LGC Ltd. At the year end, Distgen Wanstrow LGC Ltd owed the company £62,000 (2023: £62,000).
Mr John Zamick is a director and controlling shareholder of Participa Ltd. At the year end Participa Ltd owed the company £28,199 (2023: £28,199).
Mr John Zamick is a director and controlling shareholder of Distgen Brayton LGC Ltd. At year end Distgen Brayton LGC Ltd owed the company £80,000 (2023: NIL).
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