Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11611251 Mr Daniel Weston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11611251 2023-10-31 11611251 2024-10-31 11611251 2023-11-01 2024-10-31 11611251 frs-core:CurrentFinancialInstruments 2024-10-31 11611251 frs-core:Non-currentFinancialInstruments 2024-10-31 11611251 frs-core:MotorVehicles 2024-10-31 11611251 frs-core:MotorVehicles 2023-11-01 2024-10-31 11611251 frs-core:MotorVehicles 2023-10-31 11611251 frs-core:PlantMachinery 2024-10-31 11611251 frs-core:PlantMachinery 2023-11-01 2024-10-31 11611251 frs-core:PlantMachinery 2023-10-31 11611251 frs-core:ShareCapital 2024-10-31 11611251 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11611251 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11611251 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11611251 frs-bus:SmallEntities 2023-11-01 2024-10-31 11611251 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11611251 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11611251 frs-bus:Director1 2023-11-01 2024-10-31 11611251 frs-countries:EnglandWales 2023-11-01 2024-10-31 11611251 2022-10-31 11611251 2023-10-31 11611251 2022-11-01 2023-10-31 11611251 frs-core:CurrentFinancialInstruments 2023-10-31 11611251 frs-core:Non-currentFinancialInstruments 2023-10-31 11611251 frs-core:ShareCapital 2023-10-31 11611251 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11611251
Dmc Weston Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Solutions 4 Tax Ltd
Chartered Certified Accountants
2 Porter Drive
Alfreton
Derbyshire
DE55 7QY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11611251
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,655 4,608
12,655 4,608
CURRENT ASSETS
Debtors 5 57,039 17,866
Cash at bank and in hand 57,241 2,315
114,280 20,181
Creditors: Amounts Falling Due Within One Year 6 (84,545 ) (17,896 )
NET CURRENT ASSETS (LIABILITIES) 29,735 2,285
TOTAL ASSETS LESS CURRENT LIABILITIES 42,390 6,893
Creditors: Amounts Falling Due After More Than One Year 7 (16,100 ) (5,217 )
NET ASSETS 26,290 1,676
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 26,289 1,675
SHAREHOLDERS' FUNDS 26,290 1,676
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Page 2
For the year ending 31 October 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 Daniel Weston
Director
06/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dmc Weston Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11611251 . The registered office is 21 Leys Field Gardens, Chellaston, Derby, DE73 6PL.
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
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 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: 4 (2023: 3)
4 3
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 310 7,300 7,610
Additions - 12,267 12,267
As at 31 October 2024 310 19,567 19,877
Depreciation
As at 1 November 2023 179 2,823 3,002
Provided during the period 33 4,187 4,220
As at 31 October 2024 212 7,010 7,222
Net Book Value
As at 31 October 2024 98 12,557 12,655
As at 1 November 2023 131 4,477 4,608
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55,544 13,887
VAT 1,495 3,979
57,039 17,866
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,702 2,464
Bank loans and overdrafts 7,000 -
Corporation tax 9,649 485
Other taxes and social security 11,603 2,532
Other creditors 22,647 8,689
Accruals and deferred income 880 825
Director's loan account 64 2,901
84,545 17,896
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,100 5,217
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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