Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06960268 J D Patel J Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06960268 2023-12-31 06960268 2024-12-31 06960268 2024-01-01 2024-12-31 06960268 frs-core:CurrentFinancialInstruments 2024-12-31 06960268 frs-core:Non-currentFinancialInstruments 2024-12-31 06960268 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06960268 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06960268 frs-core:NetGoodwill 2024-12-31 06960268 frs-core:NetGoodwill 2024-01-01 2024-12-31 06960268 frs-core:NetGoodwill 2023-12-31 06960268 frs-core:LandBuildings 2024-12-31 06960268 frs-core:LandBuildings 2024-01-01 2024-12-31 06960268 frs-core:LandBuildings 2023-12-31 06960268 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06960268 frs-core:PlantMachinery 2024-12-31 06960268 frs-core:PlantMachinery 2024-01-01 2024-12-31 06960268 frs-core:PlantMachinery 2023-12-31 06960268 frs-core:ShareCapital 2024-12-31 06960268 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06960268 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06960268 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06960268 frs-bus:SmallEntities 2024-01-01 2024-12-31 06960268 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06960268 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06960268 frs-bus:Director1 2024-01-01 2024-12-31 06960268 frs-bus:Director2 2024-01-01 2024-12-31 06960268 frs-countries:EnglandWales 2024-01-01 2024-12-31 06960268 2022-12-31 06960268 2023-12-31 06960268 2023-01-01 2023-12-31 06960268 frs-core:CurrentFinancialInstruments 2023-12-31 06960268 frs-core:Non-currentFinancialInstruments 2023-12-31 06960268 frs-core:ShareCapital 2023-12-31 06960268 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06960268
Didy Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
LK & Associates Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Didy Investments Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Didy Investments Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Didy Investments Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Didy Investments Limited and state those matters that we have agreed to state to the directors of Didy Investments Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Didy Investments Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Didy Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Didy Investments Limited . You consider that Didy Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Didy Investments Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
LK & Associates Limited
07/02/2025
LK & Associates Limited
ICAEW Chartered Accountants
2a High Street
Thames Ditton
KT7 0RY
Page 1
Page 2
Balance Sheet
Registered number: 06960268
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,027 8,252
Tangible Assets 5 32,698 6,489
39,725 14,741
CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 10,953 11,124
Cash at bank and in hand 61,497 78,553
75,450 92,677
Creditors: Amounts Falling Due Within One Year 8 (109,486 ) (89,740 )
NET CURRENT ASSETS (LIABILITIES) (34,036 ) 2,937
TOTAL ASSETS LESS CURRENT LIABILITIES 5,689 17,678
Creditors: Amounts Falling Due After More Than One Year 9 (6,843 ) (14,869 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,939 ) -
NET (LIABILITIES)/ASSETS (7,093 ) 2,809
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (7,193 ) 2,709
SHAREHOLDERS' FUNDS (7,093) 2,809
Page 2
Page 3
For the year ending 31 December 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
J Patel
Director
07/02/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Didy Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06960268 . The registered office is 336 Hook Road, Chessington, Surrey, KT9 1NU.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 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 20%
Plant & Machinery 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.5. 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.
2.6. 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 24,500
As at 31 December 2024 24,500
Amortisation
As at 1 January 2024 16,248
Provided during the period 1,225
As at 31 December 2024 17,473
Net Book Value
As at 31 December 2024 7,027
As at 1 January 2024 8,252
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 3,618 77,383 81,001
Additions - 27,000 27,000
Disposals - (20,000 ) (20,000 )
As at 31 December 2024 3,618 84,383 88,001
Depreciation
As at 1 January 2024 3,372 71,140 74,512
Provided during the period 49 742 791
Disposals - (20,000 ) (20,000 )
As at 31 December 2024 3,421 51,882 55,303
Net Book Value
As at 31 December 2024 197 32,501 32,698
As at 1 January 2024 246 6,243 6,489
Page 5
Page 6
6. Stocks
2024 2023
£ £
Stock 3,000 3,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,897 6,241
Other debtors 8,056 4,883
10,953 11,124
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,939 5,259
Bank loans and overdrafts 8,026 7,827
Other creditors 64,896 73,021
Taxation and social security 625 3,633
109,486 89,740
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,843 14,869
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6