Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06235161 Mr M A Chambers Mr. J J Windsor Mr. J J Windsor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06235161 2023-05-31 06235161 2024-05-31 06235161 2023-06-01 2024-05-31 06235161 frs-core:CurrentFinancialInstruments 2024-05-31 06235161 frs-core:Non-currentFinancialInstruments 2024-05-31 06235161 frs-core:BetweenOneFiveYears 2024-05-31 06235161 frs-core:FurnitureFittings 2024-05-31 06235161 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06235161 frs-core:FurnitureFittings 2023-05-31 06235161 frs-core:NetGoodwill 2024-05-31 06235161 frs-core:NetGoodwill 2023-06-01 2024-05-31 06235161 frs-core:NetGoodwill 2023-05-31 06235161 frs-core:MotorVehicles 2024-05-31 06235161 frs-core:MotorVehicles 2023-06-01 2024-05-31 06235161 frs-core:MotorVehicles 2023-05-31 06235161 frs-core:WithinOneYear 2024-05-31 06235161 frs-core:ShareCapital 2024-05-31 06235161 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06235161 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06235161 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06235161 frs-bus:SmallEntities 2023-06-01 2024-05-31 06235161 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06235161 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06235161 frs-bus:Director1 2023-06-01 2024-05-31 06235161 frs-bus:Director2 2023-06-01 2024-05-31 06235161 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06235161 frs-countries:EnglandWales 2023-06-01 2024-05-31 06235161 2022-05-31 06235161 2023-05-31 06235161 2022-06-01 2023-05-31 06235161 frs-core:CurrentFinancialInstruments 2023-05-31 06235161 frs-core:Non-currentFinancialInstruments 2023-05-31 06235161 frs-core:BetweenOneFiveYears 2023-05-31 06235161 frs-core:WithinOneYear 2023-05-31 06235161 frs-core:ShareCapital 2023-05-31 06235161 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06235161
Davey Grover Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Davey Grover Ltd
Chartered Accountants
4 Fenice Court
Phoenix Business Park
St. Neots
Cambridgeshire
PE19 8EP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06235161
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,870 91,740
Tangible Assets 5 93,185 111,608
139,055 203,348
CURRENT ASSETS
Debtors 6 154,720 127,668
Cash at bank and in hand 69,155 46,718
223,875 174,386
Creditors: Amounts Falling Due Within One Year 7 (177,904 ) (140,264 )
NET CURRENT ASSETS (LIABILITIES) 45,971 34,122
TOTAL ASSETS LESS CURRENT LIABILITIES 185,026 237,470
Creditors: Amounts Falling Due After More Than One Year 8 (89,596 ) (114,383 )
NET ASSETS 95,430 123,087
CAPITAL AND RESERVES
Called up share capital 10 202 202
Income Statement 95,228 122,885
SHAREHOLDERS' FUNDS 95,430 123,087
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Page 2
For the year ending 31 May 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 Income Statement.
On behalf of the board
Mr M A Chambers
Director
3 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Davey Grover Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06235161 . The registered office is Unit 4b Fenice Court, Phoenix Business Park Eaton Socon, St Neots, Cambs, PE19 8EP.
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 rendering of services. Income received in advance of work done is excluded from the income statement and recognised as deferred income within creditors, until such time as the work is carried out.
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 income statement over its estimated economic life of 10 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:
Motor Vehicles in accordance with the finance agreement
Fixtures & Fittings 33% and 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 income statement 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 income statement as incurred.
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2.6. 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: 11 (2023: 10)
11 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 611,600
As at 31 May 2024 611,600
Amortisation
As at 1 June 2023 519,860
Provided during the period 45,870
As at 31 May 2024 565,730
Net Book Value
As at 31 May 2024 45,870
As at 1 June 2023 91,740
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 117,955 76,192 194,147
Additions - 5,080 5,080
As at 31 May 2024 117,955 81,272 199,227
Depreciation
As at 1 June 2023 17,140 65,399 82,539
Provided during the period 17,564 5,939 23,503
As at 31 May 2024 34,704 71,338 106,042
Net Book Value
As at 31 May 2024 83,251 9,934 93,185
As at 1 June 2023 100,815 10,793 111,608
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,417 49,928
Other debtors 83,303 77,740
154,720 127,668
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,067 10,136
Trade creditors 27,993 19,660
Bank loans and overdrafts 5,408 5,231
Other loans 7,268 26,486
Other creditors 23,278 12,568
Taxation and social security 101,890 66,183
177,904 140,264
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 60,477 72,544
Bank loans 29,119 34,571
Other loans - 7,268
89,596 114,383
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,067 10,136
Later than one year and not later than five years 60,477 72,544
72,544 82,680
72,544 82,680
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 202 202
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