Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11537433 Mrs Laura Burton Mr James Burton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11537433 2023-08-31 11537433 2024-08-31 11537433 2023-09-01 2024-08-31 11537433 frs-core:CurrentFinancialInstruments 2024-08-31 11537433 frs-core:FurnitureFittings 2024-08-31 11537433 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11537433 frs-core:FurnitureFittings 2023-08-31 11537433 frs-core:NetGoodwill 2024-08-31 11537433 frs-core:NetGoodwill 2023-09-01 2024-08-31 11537433 frs-core:NetGoodwill 2023-08-31 11537433 frs-core:ShareCapital 2024-08-31 11537433 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11537433 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11537433 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11537433 frs-bus:SmallEntities 2023-09-01 2024-08-31 11537433 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11537433 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11537433 frs-bus:Director1 2023-09-01 2024-08-31 11537433 frs-bus:Director2 2023-09-01 2024-08-31 11537433 frs-core:CurrentFinancialInstruments 1 2024-08-31 11537433 frs-core:CurrentFinancialInstruments 3 2024-08-31 11537433 frs-countries:EnglandWales 2023-09-01 2024-08-31 11537433 2022-08-31 11537433 2023-08-31 11537433 2022-09-01 2023-08-31 11537433 frs-core:CurrentFinancialInstruments 2023-08-31 11537433 frs-core:ShareCapital 2023-08-31 11537433 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 11537433 frs-core:CurrentFinancialInstruments 1 2023-08-31 11537433 frs-core:CurrentFinancialInstruments 3 2023-08-31
Registered number: 11537433
Drifting Ducks Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11537433
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,600 12,000
Tangible Assets 5 3,475 4,410
13,075 16,410
CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 4,878 3,955
Cash at bank and in hand 27,835 25,342
35,713 32,297
Creditors: Amounts Falling Due Within One Year 8 (47,385 ) (41,823 )
NET CURRENT ASSETS (LIABILITIES) (11,672 ) (9,526 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,403 6,884
PROVISIONS FOR LIABILITIES
Deferred Taxation (660 ) (860 )
NET ASSETS 743 6,024
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 643 5,924
SHAREHOLDERS' FUNDS 743 6,024
Page 1
Page 2
For the year ending 31 August 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
Mrs Laura Burton
Director
16/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Drifting Ducks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11537433 . The registered office is 58 Primrose Road, Longridge, Preston, Lancashire, PR3 2RG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 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 tax. 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.
Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
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:
Fixtures & Fittings 25% on 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. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

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 all 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. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 24,000
As at 31 August 2024 24,000
Amortisation
As at 1 September 2023 12,000
Provided during the period 2,400
As at 31 August 2024 14,400
Net Book Value
As at 31 August 2024 9,600
As at 1 September 2023 12,000
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 11,033
Additions 200
As at 31 August 2024 11,233
Depreciation
As at 1 September 2023 6,623
Provided during the period 1,135
As at 31 August 2024 7,758
Net Book Value
As at 31 August 2024 3,475
As at 1 September 2023 4,410
6. Stocks
2024 2023
£ £
Finished goods 3,000 3,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 975
Prepayments and accrued income 1,706 -
PayPal 20 54
Etsy 3,108 2,914
Stripe 44 12
4,878 3,955
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 212
Corporation tax 13,846 11,473
VAT 4,025 6,208
Other creditors 4,930 -
Accruals and deferred income 1,480 1,450
Directors' loan accounts 23,104 22,480
47,385 41,823
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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