Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08225612 K I Battersby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08225612 2023-08-31 08225612 2024-08-31 08225612 2023-09-01 2024-08-31 08225612 frs-core:CurrentFinancialInstruments 2024-08-31 08225612 frs-core:Non-currentFinancialInstruments 2024-08-31 08225612 frs-core:ComputerEquipment 2024-08-31 08225612 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08225612 frs-core:ComputerEquipment 2023-08-31 08225612 frs-core:MotorVehicles 2024-08-31 08225612 frs-core:MotorVehicles 2023-09-01 2024-08-31 08225612 frs-core:MotorVehicles 2023-08-31 08225612 frs-core:PlantMachinery 2024-08-31 08225612 frs-core:PlantMachinery 2023-09-01 2024-08-31 08225612 frs-core:PlantMachinery 2023-08-31 08225612 frs-core:SharePremium 2024-08-31 08225612 frs-core:ShareCapital 2024-08-31 08225612 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08225612 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08225612 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08225612 frs-bus:SmallEntities 2023-09-01 2024-08-31 08225612 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08225612 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08225612 frs-bus:Director1 2023-09-01 2024-08-31 08225612 frs-core:CurrentFinancialInstruments 2 2024-08-31 08225612 frs-countries:EnglandWales 2023-09-01 2024-08-31 08225612 2022-08-31 08225612 2023-08-31 08225612 2022-09-01 2023-08-31 08225612 frs-core:CurrentFinancialInstruments 2023-08-31 08225612 frs-core:Non-currentFinancialInstruments 2023-08-31 08225612 frs-core:SharePremium 2023-08-31 08225612 frs-core:ShareCapital 2023-08-31 08225612 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08225612 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: 08225612
Delanor Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08225612
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,331 5,041
1,331 5,041
CURRENT ASSETS
Stocks 5 18,500 11,000
Debtors 6 16,508 34,042
Cash at bank and in hand 22,724 30,465
57,732 75,507
Creditors: Amounts Falling Due Within One Year 7 (26,276 ) (34,888 )
NET CURRENT ASSETS (LIABILITIES) 31,456 40,619
TOTAL ASSETS LESS CURRENT LIABILITIES 32,787 45,660
Creditors: Amounts Falling Due After More Than One Year 8 (8,333 ) (18,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (253 ) (958 )
NET ASSETS 24,201 26,369
CAPITAL AND RESERVES
Called up share capital 12 12
Share premium account 16,938 16,938
Profit and Loss Account 7,251 9,419
SHAREHOLDERS' FUNDS 24,201 26,369
Page 1
Page 2
For the year ending 31 August 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
K I Battersby
Director
29 January 2025
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
Delanor Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08225612 . The registered office is 332 Westcott Venture Park, Westcott, Aylesbury, Buckinghamshire, HP18 0NX.
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% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 25% straight line
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 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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account
over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable
and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement
of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 27,945 5,000 4,384 37,329
Disposals (2,667 ) - - (2,667 )
As at 31 August 2024 25,278 5,000 4,384 34,662
Depreciation
As at 1 September 2023 23,440 4,777 4,071 32,288
Provided during the period 833 56 154 1,043
As at 31 August 2024 24,273 4,833 4,225 33,331
Net Book Value
As at 31 August 2024 1,005 167 159 1,331
As at 1 September 2023 4,505 223 313 5,041
5. Stocks
2024 2023
£ £
Materials 9,500 7,000
Work in progress 9,000 4,000
18,500 11,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,508 28,640
Other debtors - 5,402
16,508 34,042
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,321 13,900
Bank loans and overdrafts 10,000 10,000
Corporation tax 2,885 3,900
Other taxes and social security 1,556 1,419
VAT 4,499 2,871
Pension liability 132 93
Accruals and deferred income 1,854 2,655
Director's loan account 29 50
26,276 34,888
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,333 18,333
In June 2020 the company was advanced a Bounceback Loan of £50,000 from its bankers with an interest rate
of 2.5%. Repayments began in July 2021 and security for the loan is provided by the Government.
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