Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06459593 N H Denning Diegesis Group Ltd false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06459593 2023-03-31 06459593 2024-03-31 06459593 2023-04-01 2024-03-31 06459593 frs-core:CurrentFinancialInstruments 2024-03-31 06459593 frs-core:PlantMachinery 2024-03-31 06459593 frs-core:PlantMachinery 2023-04-01 2024-03-31 06459593 frs-core:PlantMachinery 2023-03-31 06459593 frs-core:ShareCapital 2024-03-31 06459593 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06459593 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06459593 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06459593 frs-bus:SmallEntities 2023-04-01 2024-03-31 06459593 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06459593 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06459593 1 2023-04-01 2024-03-31 06459593 frs-bus:Director1 2023-04-01 2024-03-31 06459593 frs-countries:EnglandWales 2023-04-01 2024-03-31 06459593 2022-03-31 06459593 2023-03-31 06459593 2022-04-01 2023-03-31 06459593 frs-core:CurrentFinancialInstruments 2023-03-31 06459593 frs-core:ShareCapital 2023-03-31 06459593 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06459593
Diegesis Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Finling Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06459593
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,828 70,118
54,828 70,118
CURRENT ASSETS
Debtors 5 1,205,513 588,637
Cash at bank and in hand 476,233 460,920
1,681,746 1,049,557
Creditors: Amounts Falling Due Within One Year 6 (1,116,317 ) (583,684 )
NET CURRENT ASSETS (LIABILITIES) 565,429 465,873
TOTAL ASSETS LESS CURRENT LIABILITIES 620,257 535,991
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,337 ) -
NET ASSETS 609,920 535,991
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Profit and Loss Account 599,920 525,991
SHAREHOLDERS' FUNDS 609,920 535,991
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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 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
N H Denning
Director
27 December 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
Diegesis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06459593 . The registered office is Unit 2 Printer's Yard, 90a The Broadway, London, SW19 1RD.
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 from the rendering of services is recognised by reference either to time and materials provided during the period or 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 Straight line over 3 - 5 years
2.4. 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.
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 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)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 192,557
Additions 26,506
As at 31 March 2024 219,063
Depreciation
As at 1 April 2023 122,439
Provided during the period 41,796
As at 31 March 2024 164,235
Net Book Value
As at 31 March 2024 54,828
As at 1 April 2023 70,118
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 793,108 262,520
Prepayments and accrued income 88,472 12,207
Other debtors 323,933 313,910
1,205,513 588,637
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 226,797 504,886
Bank loans and overdrafts 1,855 1,617
Corporation tax 13,989 111
Other taxes and social security 126,023 16,439
Other creditors 703,271 574
Accruals and deferred income 44,382 60,057
1,116,317 583,684
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
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8. Related Party Transactions
Finling Associates Ltd, a company controlled by JH Denning, who is a director of the company and spouse of NH Denning, prepares and files the financial statements, and provides bookkeeping and management accounting services to the company. The amount due to this related party during the year was £12,913 (2023: £10,192).
At the balance sheet date, Cysure Ltd, a company owned and controlled by NH Denning, owed the company £158,217 (2023: £170,593).  The loan has no fixed repayment and carries no interest.
At the balance sheet date, Policy Monitor Ltd, a company owned and controlled by NH Denning, owed the company Nil (2023: £20,105).
At the balance sheet date, Cysure Inc, a company owned and controlled by NH Denning, owed the company £161,580 (2023:  £121,580).  The loan has no fixed repayment and carries no interest.
The loan made available to NH Denning amounted to £4,137. This loan is repayable on demand, unsecured and free of interest.
9. Controlling Party
The company's controlling party is Diegesis Group Ltd by virtue of its ownership of 99% of the issued share capital in the company. The ultimate beneficial owner of Diegesis Group Ltd is NH Denning.
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