Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10276865 Mr David Fuller Mrs Pamela Fuller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10276865 2023-07-31 10276865 2024-07-31 10276865 2023-08-01 2024-07-31 10276865 frs-core:CurrentFinancialInstruments 2024-07-31 10276865 frs-core:FurnitureFittings 2024-07-31 10276865 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10276865 frs-core:FurnitureFittings 2023-07-31 10276865 frs-core:MotorVehicles 2024-07-31 10276865 frs-core:MotorVehicles 2023-08-01 2024-07-31 10276865 frs-core:MotorVehicles 2023-07-31 10276865 frs-core:PlantMachinery 2024-07-31 10276865 frs-core:PlantMachinery 2023-08-01 2024-07-31 10276865 frs-core:PlantMachinery 2023-07-31 10276865 frs-core:ShareCapital 2024-07-31 10276865 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10276865 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10276865 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10276865 frs-bus:SmallEntities 2023-08-01 2024-07-31 10276865 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10276865 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10276865 frs-bus:Director1 2023-08-01 2024-07-31 10276865 frs-bus:Director2 2023-08-01 2024-07-31 10276865 frs-countries:EnglandWales 2023-08-01 2024-07-31 10276865 2022-07-31 10276865 2023-07-31 10276865 2022-08-01 2023-07-31 10276865 frs-core:CurrentFinancialInstruments 2023-07-31 10276865 frs-core:ShareCapital 2023-07-31 10276865 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10276865 frs-core:CurrentFinancialInstruments 1 2023-07-31
Dave Fuller Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10276865
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,627 13,470
10,627 13,470
CURRENT ASSETS
Stocks 5 5,000 -
Debtors 6 4,556 5,105
Cash at bank and in hand 177,153 127,110
186,709 132,215
Creditors: Amounts Falling Due Within One Year 7 (78,657 ) (15,920 )
NET CURRENT ASSETS (LIABILITIES) 108,052 116,295
TOTAL ASSETS LESS CURRENT LIABILITIES 118,679 129,765
NET ASSETS 118,679 129,765
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 118,669 129,755
SHAREHOLDERS' FUNDS 118,679 129,765
Page 1
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For the year ending 31 July 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.
On behalf of the board
Mr David Fuller
Director
14 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Dave Fuller Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10276865 . The registered office is 3 Shelley Drive, Cheadle, Stoke On Trent, Staffordshire, ST10 1XR.
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. 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 25% reducing balance
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.
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 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 3,227 15,990 1,152 20,369
Additions 699 - - 699
As at 31 July 2024 3,926 15,990 1,152 21,068
Depreciation
As at 1 August 2023 2,206 3,998 695 6,899
Provided during the period 430 2,998 114 3,542
As at 31 July 2024 2,636 6,996 809 10,441
Net Book Value
As at 31 July 2024 1,290 8,994 343 10,627
As at 1 August 2023 1,021 11,992 457 13,470
5. Stocks
2024 2023
£ £
Work in progress 5,000 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,900 -
Prepayments and accrued income 2,213 1,991
VAT 443 3,114
4,556 5,105
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,824 1,205
Corporation tax 23,400 12,591
Other taxes and social security 1,063 798
Pension control - 37
Accruals and deferred income 1,211 1,108
Directors' loan accounts 49,159 181
78,657 15,920
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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