Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09007844 Mr Joel Jeffery Ms Molly Goddard Mr Timothy Andry Mr Joseph Eugene Eastin Mr Justin Paul David Stead Stead Avery Law Cosec Ltd false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09007844 2023-04-30 09007844 2024-04-30 09007844 2023-05-01 2024-04-30 09007844 frs-core:CurrentFinancialInstruments 2024-04-30 09007844 frs-core:Non-currentFinancialInstruments 2024-04-30 09007844 frs-core:BetweenOneFiveYears 2024-04-30 09007844 frs-core:ComputerEquipment 2024-04-30 09007844 frs-core:ComputerEquipment 2023-05-01 2024-04-30 09007844 frs-core:ComputerEquipment 2023-04-30 09007844 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 09007844 frs-core:FurnitureFittings 2024-04-30 09007844 frs-core:FurnitureFittings 2023-05-01 2024-04-30 09007844 frs-core:FurnitureFittings 2023-04-30 09007844 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 09007844 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09007844 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 09007844 frs-core:OtherResidualIntangibleAssets 2024-04-30 09007844 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 09007844 frs-core:OtherResidualIntangibleAssets 2023-04-30 09007844 frs-core:PlantMachinery 2024-04-30 09007844 frs-core:PlantMachinery 2023-05-01 2024-04-30 09007844 frs-core:PlantMachinery 2023-04-30 09007844 frs-core:WithinOneYear 2024-04-30 09007844 frs-core:SharePremium 2024-04-30 09007844 frs-core:ShareCapital 2024-04-30 09007844 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09007844 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09007844 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09007844 frs-bus:SmallEntities 2023-05-01 2024-04-30 09007844 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09007844 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09007844 1 2023-05-01 2024-04-30 09007844 frs-bus:Director1 2023-05-01 2024-04-30 09007844 frs-bus:Director2 2023-05-01 2024-04-30 09007844 frs-bus:Director3 2023-05-01 2024-04-30 09007844 frs-bus:Director4 2023-05-01 2024-04-30 09007844 frs-bus:Director5 2023-05-01 2024-04-30 09007844 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 09007844 frs-countries:EnglandWales 2023-05-01 2024-04-30 09007844 2022-04-30 09007844 2023-04-30 09007844 2022-05-01 2023-04-30 09007844 frs-core:CurrentFinancialInstruments 2023-04-30 09007844 frs-core:Non-currentFinancialInstruments 2023-04-30 09007844 frs-core:BetweenOneFiveYears 2023-04-30 09007844 frs-core:WithinOneYear 2023-04-30 09007844 frs-core:SharePremium 2023-04-30 09007844 frs-core:ShareCapital 2023-04-30 09007844 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09007844
Desmond & Dempsey Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09007844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 72,490 57,420
Tangible Assets 5 84,318 101,275
156,808 158,695
CURRENT ASSETS
Stocks 6 489,997 968,787
Debtors 7 433,218 1,073,801
Cash at bank and in hand 303,796 141,552
1,227,011 2,184,140
Creditors: Amounts Falling Due Within One Year 8 (1,296,231 ) (1,220,814 )
NET CURRENT ASSETS (LIABILITIES) (69,220 ) 963,326
TOTAL ASSETS LESS CURRENT LIABILITIES 87,588 1,122,021
Creditors: Amounts Falling Due After More Than One Year 9 (811,254 ) (819,950 )
NET (LIABILITIES)/ASSETS (723,666 ) 302,071
CAPITAL AND RESERVES
Called up share capital 10 2,210 1,334
Share premium account 1,801,227 1,021,733
Profit and Loss Account (2,527,103 ) (720,996 )
SHAREHOLDERS' FUNDS (723,666) 302,071
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For the year ending 30 April 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 Joel Jeffery
Director
31st January 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Desmond & Dempsey Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09007844 . The registered office is 4th Floor Charles House, 108-110 Finchley Road, London, NW3 5JJ.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licenses are amortised evenly over their estimated useful economic life of 10 years.

Website development is amortised evenly over its estimated useful economic life of 5 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:
Leasehold 10% on cost
Plant & Machinery 25% and 33% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% 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 profit and loss account 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 profit and loss account as incurred.
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2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 31)
25 31
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4. Intangible Assets
Other
£
Cost
As at 1 May 2023 92,132
Additions 34,819
As at 30 April 2024 126,951
Amortisation
As at 1 May 2023 34,712
Provided during the period 19,749
As at 30 April 2024 54,461
Net Book Value
As at 30 April 2024 72,490
As at 1 May 2023 57,420
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 86,929 3,500 53,785 39,245 183,459
Additions - - 804 3,707 4,511
As at 30 April 2024 86,929 3,500 54,589 42,952 187,970
Depreciation
As at 1 May 2023 10,476 2,838 38,293 30,577 82,184
Provided during the period 8,693 662 7,199 4,914 21,468
As at 30 April 2024 19,169 3,500 45,492 35,491 103,652
Net Book Value
As at 30 April 2024 67,760 - 9,097 7,461 84,318
As at 1 May 2023 76,453 662 15,492 8,668 101,275
6. Stocks
2024 2023
£ £
Stock 489,997 968,787
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 353,400 970,934
Other debtors 58,187 81,236
411,587 1,052,170
Due after more than one year
Other debtors 21,631 21,631
433,218 1,073,801
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 641,714 508,834
Other creditors 335,449 333,690
Taxation and social security 319,068 378,290
1,296,231 1,220,814
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 811,254 819,950
Included in Other Creditors is a loan totalling £430,002 (2024: £601,422) from JLR Star Limited, with a revolving loan facility up to £650,000. The loan is secured as a fixed and floating charge over the assets, interest is charged at 5% per annum on any balance below £300,000 and at 13% per annum on a balance exceeding this amount. The facility concludes on 5 April 2027.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,210 1,334
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 80,000 80,000
Later than one year and not later than five years 133,333 213,333
213,333 293,333
12. Controlling Party
The company does not have a controlling party.
13. Going Concern
As at the balance sheet date the company had net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.
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