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 06307035 Mr R Judkiewicz Mr Rafal Judkiewicz true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06307035 2023-03-31 06307035 2024-03-31 06307035 2023-04-01 2024-03-31 06307035 frs-core:CurrentFinancialInstruments 2024-03-31 06307035 frs-core:Non-currentFinancialInstruments 2024-03-31 06307035 frs-core:ComputerEquipment 2024-03-31 06307035 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06307035 frs-core:ComputerEquipment 2023-03-31 06307035 frs-core:FurnitureFittings 2024-03-31 06307035 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06307035 frs-core:FurnitureFittings 2023-03-31 06307035 frs-core:MotorVehicles 2024-03-31 06307035 frs-core:MotorVehicles 2023-04-01 2024-03-31 06307035 frs-core:MotorVehicles 2023-03-31 06307035 frs-core:PlantMachinery 2024-03-31 06307035 frs-core:PlantMachinery 2023-04-01 2024-03-31 06307035 frs-core:PlantMachinery 2023-03-31 06307035 frs-core:ShareCapital 2024-03-31 06307035 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06307035 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06307035 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06307035 frs-bus:SmallEntities 2023-04-01 2024-03-31 06307035 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06307035 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06307035 1 2023-04-01 2024-03-31 06307035 frs-bus:Director1 2023-04-01 2024-03-31 06307035 frs-countries:EnglandWales 2023-04-01 2024-03-31 06307035 2022-03-31 06307035 2023-03-31 06307035 2022-04-01 2023-03-31 06307035 frs-core:CurrentFinancialInstruments 2023-03-31 06307035 frs-core:Non-currentFinancialInstruments 2023-03-31 06307035 frs-core:ShareCapital 2023-03-31 06307035 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06307035
Decoworks Construction Limited
Financial Statements
For The Year Ended 31 March 2024
ICAEW
Fairman Harris
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06307035
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,808 22,478
16,808 22,478
CURRENT ASSETS
Debtors 5 39,833 858
Cash at bank and in hand 13,675 11,501
53,508 12,359
Creditors: Amounts Falling Due Within One Year 6 (93,858 ) (65,787 )
NET CURRENT ASSETS (LIABILITIES) (40,350 ) (53,428 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,542 ) (30,950 )
Creditors: Amounts Falling Due After More Than One Year 7 (3,533 ) (6,142 )
NET LIABILITIES (27,075 ) (37,092 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (27,175 ) (37,192 )
SHAREHOLDERS' FUNDS (27,075) (37,092)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 R Judkiewicz
Director
3 December 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
Decoworks Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06307035 . The registered office is Fairman Harris, 1 Landor Road, London, SW9 9RX.
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. 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 25 % Reducing Balance
Motor Vehicles 25 % Reducing Balance
Fixtures & Fittings 20 % Reducing Balance
Computer Equipment 25 % Reducing Balance
2.4. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 4,476 40,450 19,569 949 65,444
Disposals - (15,145 ) - - (15,145 )
As at 31 March 2024 4,476 25,305 19,569 949 50,299
Depreciation
As at 1 April 2023 3,413 21,404 17,655 494 42,966
Provided during the period 266 4,745 478 114 5,603
Disposals - (15,078 ) - - (15,078 )
As at 31 March 2024 3,679 11,071 18,133 608 33,491
Net Book Value
As at 31 March 2024 797 14,234 1,436 341 16,808
As at 1 April 2023 1,063 19,046 1,914 455 22,478
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,877 -
Prepayments and accrued income 37,956 858
39,833 858
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,650 2,691
VAT 7,103 350
Net wages 10,438 10,438
Accruals and deferred income 2,288 1,144
Director's loan account 71,379 51,164
93,858 65,787
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,533 6,142
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Rafal Judkiewicz by virtue of his ownership of 100% of the issued share capital in the company.
Page 5