Acorah Software Products - Accounts Production 16.1.200 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09994715 Mr Tim Dufficy Mr Maurice Keogh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09994715 2022-12-31 09994715 2023-12-31 09994715 2023-01-01 2023-12-31 09994715 frs-core:CurrentFinancialInstruments 2023-12-31 09994715 frs-core:Non-currentFinancialInstruments 2023-12-31 09994715 frs-core:ShareCapital 2023-12-31 09994715 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09994715 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09994715 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09994715 frs-bus:SmallEntities 2023-01-01 2023-12-31 09994715 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09994715 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09994715 frs-core:CostValuation 2022-12-31 09994715 frs-core:CostValuation 2023-12-31 09994715 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 09994715 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09994715 frs-bus:Director1 2023-01-01 2023-12-31 09994715 frs-bus:Director2 2023-01-01 2023-12-31 09994715 frs-countries:EnglandWales 2023-01-01 2023-12-31 09994715 2021-12-31 09994715 2022-12-31 09994715 2022-01-01 2022-12-31 09994715 frs-core:CurrentFinancialInstruments 2022-12-31 09994715 frs-core:Non-currentFinancialInstruments 2022-12-31 09994715 frs-core:ShareCapital 2022-12-31 09994715 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09994715
Drax Investments Limited
Financial Statements
For The Year Ended 31 December 2023
Denmark Forrester Limited
Chartered Accountant and Registered Auditor
Office 12 Bentalls Centre
Colchester Road
Maldon
Essex
CM9 4GD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09994715
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,010,000 2,010,000
2,010,000 2,010,000
CURRENT ASSETS
Stocks 5 1,885,047 1,835,544
Debtors 6 - 8,669
Cash at bank and in hand 1,289 89
1,886,336 1,844,302
Creditors: Amounts Falling Due Within One Year 7 (2,152,080 ) (1,997,228 )
NET CURRENT ASSETS (LIABILITIES) (265,744 ) (152,926 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,744,256 1,857,074
Creditors: Amounts Falling Due After More Than One Year 8 (1,744,213 ) (1,857,013 )
NET ASSETS 43 61
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 33 51
SHAREHOLDERS' FUNDS 43 61
Page 1
Page 2
For the year ending 31 December 2023 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
Mr Tim Dufficy
Director
9th January 2025
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
Drax Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09994715 . The registered office is Office 12 The Bentalls Centre, Colchester Road, Heybridge, Essex, CM9 4GD.
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.
Preparation of consolidated financial statements 
The financial statements contain information about Drax Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2.2. Going Concern Disclosure
The company have the continued support of its directors. The directors have given due consideration to the going concern status of the company and consider there are no reasons why the accounts should not be prepared on a going concern basis.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Investments
Subsidiaries
£
Cost
As at 1 January 2023 2,010,000
As at 31 December 2023 2,010,000
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 2,010,000
As at 1 January 2023 2,010,000
5. Stocks
2023 2022
£ £
Work in progress 1,885,047 1,835,544
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 8,669
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,918 75,399
VAT 481 -
Other creditors 4,000 4,000
Accruals and deferred income 1,538 1,538
Amounts owed to group undertakings 2,139,143 1,916,291
2,152,080 1,997,228
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 1,744,213 1,857,013
Page 4
Page 5
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 5