Acorah Software Products - Accounts Production 16.0.110 false true 27 February 2023 1 March 2022 false 28 February 2023 29 February 2024 29 February 2024 09985448 Mrs A M Gilbert Mr C J Gilbert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09985448 2023-02-27 09985448 2024-02-29 09985448 2023-02-28 2024-02-29 09985448 frs-core:CurrentFinancialInstruments 2024-02-29 09985448 frs-core:Non-currentFinancialInstruments 2024-02-29 09985448 frs-core:BetweenOneFiveYears 2024-02-29 09985448 frs-core:ComputerEquipment 2024-02-29 09985448 frs-core:ComputerEquipment 2023-02-28 2024-02-29 09985448 frs-core:ComputerEquipment 2023-02-27 09985448 frs-core:FurnitureFittings 2024-02-29 09985448 frs-core:FurnitureFittings 2023-02-28 2024-02-29 09985448 frs-core:FurnitureFittings 2023-02-27 09985448 frs-core:NetGoodwill 2024-02-29 09985448 frs-core:NetGoodwill 2023-02-28 2024-02-29 09985448 frs-core:NetGoodwill 2023-02-27 09985448 frs-core:MotorVehicles 2024-02-29 09985448 frs-core:MotorVehicles 2023-02-28 2024-02-29 09985448 frs-core:MotorVehicles 2023-02-27 09985448 frs-core:PlantMachinery 2024-02-29 09985448 frs-core:PlantMachinery 2023-02-28 2024-02-29 09985448 frs-core:PlantMachinery 2023-02-27 09985448 frs-core:WithinOneYear 2024-02-29 09985448 frs-core:ShareCapital 2024-02-29 09985448 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09985448 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-29 09985448 frs-bus:FilletedAccounts 2023-02-28 2024-02-29 09985448 frs-bus:SmallEntities 2023-02-28 2024-02-29 09985448 frs-bus:AuditExemptWithAccountantsReport 2023-02-28 2024-02-29 09985448 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-29 09985448 frs-bus:OrdinaryShareClass1 2023-02-28 2024-02-29 09985448 frs-bus:OrdinaryShareClass1 2024-02-29 09985448 frs-bus:OrdinaryShareClass2 2023-02-28 2024-02-29 09985448 frs-bus:OrdinaryShareClass2 2024-02-29 09985448 frs-bus:OrdinaryShareClass3 2023-02-28 2024-02-29 09985448 frs-bus:OrdinaryShareClass3 2024-02-29 09985448 frs-core:DeferredTaxation 2023-02-28 2024-02-29 09985448 frs-core:DeferredTaxation 2023-02-27 09985448 frs-core:DeferredTaxation 2024-02-29 09985448 frs-bus:Director1 2023-02-28 2024-02-29 09985448 frs-bus:Director1 2023-02-27 09985448 frs-bus:Director1 2024-02-29 09985448 frs-bus:Director2 2023-02-28 2024-02-29 09985448 frs-bus:Director2 2023-02-27 09985448 frs-bus:Director2 2024-02-29 09985448 frs-countries:EnglandWales 2023-02-28 2024-02-29 09985448 2022-02-28 09985448 2023-02-27 09985448 2022-03-01 2023-02-27 09985448 frs-core:CurrentFinancialInstruments 2023-02-27 09985448 frs-core:Non-currentFinancialInstruments 2023-02-27 09985448 frs-core:BetweenOneFiveYears 2023-02-27 09985448 frs-core:MotorVehicles 2022-03-01 2023-02-27 09985448 frs-core:WithinOneYear 2023-02-27 09985448 frs-core:ShareCapital 2023-02-27 09985448 frs-core:RetainedEarningsAccumulatedLosses 2023-02-27 09985448 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-27 09985448 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-27 09985448 frs-bus:OrdinaryShareClass3 2022-03-01 2023-02-27
Registered number: 09985448
Dry Risers Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Dry Risers Ltd for the year ended 29 February 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dry Risers Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Dry Risers Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Dry Risers Ltd and state those matters that we have agreed to state to the directors of Dry Risers Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dry Risers Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Dry Risers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Dry Risers Ltd . You consider that Dry Risers Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dry Risers Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
25 November 2024
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Page 1
Page 2
Balance Sheet
Registered number: 09985448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 59,734 58,737
59,734 58,737
CURRENT ASSETS
Stocks 6 15,000 1,330
Debtors 7 117,034 65,790
Cash at bank and in hand 12,427 16,194
144,461 83,314
Creditors: Amounts Falling Due Within One Year 8 (178,493 ) (124,903 )
NET CURRENT ASSETS (LIABILITIES) (34,032 ) (41,589 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,702 17,148
Creditors: Amounts Falling Due After More Than One Year 9 (16,622 ) (8,355 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,973 ) (7,604 )
NET ASSETS 1,107 1,189
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 1,007 1,089
SHAREHOLDERS' FUNDS 1,107 1,189
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For the year ending 29 February 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.
The financial statements were approved by the board of directors on 25 November 2024 and were signed on its behalf by:
Mrs A M Gilbert
Director
Mr C J Gilbert
Director
25 November 2024
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Dry Risers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09985448 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
 The presentation currency of the financial statements is the Pound Sterling (£).
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 was amortised to profit and loss account over its estimated economic life of five 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:
Plant & Machinery 20% on reducing balance and cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on cost
Computer Equipment 20% on cost
2.5. 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.
2.6. 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.
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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: 9 (2023: 8)
9 8
4. Intangible Assets
Goodwill
£
Cost
As at 28 February 2023 600
As at 29 February 2024 600
Amortisation
As at 28 February 2023 600
As at 29 February 2024 600
Net Book Value
As at 29 February 2024 -
As at 28 February 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 28 February 2023 36,807 36,440 8,310 14,893 96,450
Additions - 17,625 - - 17,625
Disposals (100 ) - - - (100 )
As at 29 February 2024 36,707 54,065 8,310 14,893 113,975
...CONTINUED
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Depreciation
As at 28 February 2023 16,576 10,751 1,785 8,601 37,713
Provided during the period 4,045 9,154 831 2,591 16,621
Disposals (93 ) - - - (93 )
As at 29 February 2024 20,528 19,905 2,616 11,192 54,241
Net Book Value
As at 29 February 2024 16,179 34,160 5,694 3,701 59,734
As at 28 February 2023 20,231 25,689 6,525 6,292 58,737
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles - 11,618
6. Stocks
2024 2023
£ £
Stock 15,000 1,330
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,860 63,165
Other debtors 19,674 2,625
98,534 65,790
Due after more than one year
Amounts recoverable on contracts 18,500 -
117,034 65,790
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,268 3,038
Trade creditors 7,244 248
Other creditors 31,564 37,481
Taxation and social security 133,417 84,136
178,493 124,903
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,622 8,355
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,268 3,038
Later than one year and not later than five years 16,622 8,355
22,890 11,393
22,890 11,393
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 28 February 2023 7,604 7,604
Deferred taxation 369 369
Balance at 29 February 2024 7,973 7,973
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50 Ordinary Shares of £ 1 each 50 50
25 Ordinary A shares of £ 1 each 25 25
25 Ordinary B shares of £ 1 each 25 25
100 100
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 28 February 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mrs Ann Gilbert - 10,000 - - 10,000
Mr Christopher Gilbert - 10,000 - - 10,000
The above loans are unsecured, and interest free. They were repaid in full on 31 March 2024.
14. Related Party Transactions
During the year, total dividends of £4,800 (2023 - £2,000) were paid to the directors.
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