Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 1 January 2022 false 1 January 2023 29 February 2024 29 February 2024 02936524 Mr Stephen Murray Mr Ben Scrancher Mr Peter Scrancher Mr Paul Graham Mr Carl Murray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02936524 2022-12-31 02936524 2024-02-29 02936524 2023-01-01 2024-02-29 02936524 frs-core:CurrentFinancialInstruments 2024-02-29 02936524 frs-core:Non-currentFinancialInstruments 2024-02-29 02936524 frs-core:ComputerEquipment 2024-02-29 02936524 frs-core:ComputerEquipment 2023-01-01 2024-02-29 02936524 frs-core:ComputerEquipment 2022-12-31 02936524 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2024-02-29 02936524 frs-core:FurnitureFittings 2024-02-29 02936524 frs-core:FurnitureFittings 2023-01-01 2024-02-29 02936524 frs-core:FurnitureFittings 2022-12-31 02936524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 02936524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2024-02-29 02936524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 02936524 frs-core:MotorVehicles 2024-02-29 02936524 frs-core:MotorVehicles 2023-01-01 2024-02-29 02936524 frs-core:MotorVehicles 2022-12-31 02936524 frs-core:OtherResidualIntangibleAssets 2024-02-29 02936524 frs-core:OtherResidualIntangibleAssets 2023-01-01 2024-02-29 02936524 frs-core:OtherResidualIntangibleAssets 2022-12-31 02936524 frs-core:ShareCapital 2024-02-29 02936524 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 02936524 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-02-29 02936524 frs-bus:FilletedAccounts 2023-01-01 2024-02-29 02936524 frs-bus:SmallEntities 2023-01-01 2024-02-29 02936524 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-02-29 02936524 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-02-29 02936524 frs-bus:Director1 2023-01-01 2024-02-29 02936524 frs-bus:Director2 2023-01-01 2024-02-29 02936524 frs-bus:Director3 2023-01-01 2024-02-29 02936524 frs-bus:Director4 2023-01-01 2024-02-29 02936524 frs-bus:Director5 2023-01-01 2024-02-29 02936524 frs-countries:EnglandWales 2023-01-01 2024-02-29 02936524 2021-12-31 02936524 2022-12-31 02936524 2022-01-01 2022-12-31 02936524 frs-core:CurrentFinancialInstruments 2022-12-31 02936524 frs-core:Non-currentFinancialInstruments 2022-12-31 02936524 frs-core:ShareCapital 2022-12-31 02936524 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02936524
Themedawn Limited
Financial Statements
For the Period 1 January 2023 to 29 February 2024
Longmire Consultants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02936524
29 February 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,834 51,667
Tangible Assets 5 102,104 88,631
147,938 140,298
CURRENT ASSETS
Stocks 6 612,173 611,519
Debtors 7 9,854 82,904
Cash at bank and in hand 63,042 111,545
685,069 805,968
Creditors: Amounts Falling Due Within One Year 8 (188,523 ) (214,719 )
NET CURRENT ASSETS (LIABILITIES) 496,546 591,249
TOTAL ASSETS LESS CURRENT LIABILITIES 644,484 731,547
Creditors: Amounts Falling Due After More Than One Year 9 - (93,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,399 ) (15,399 )
NET ASSETS 629,085 622,398
CAPITAL AND RESERVES
Called up share capital 10 125 125
Profit and Loss Account 628,960 622,273
SHAREHOLDERS' FUNDS 629,085 622,398
Page 1
Page 2
For the period ending 29 February 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 Paul Graham
Director
05/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Themedawn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02936524 . The registered office is Artisan, Hillbottom Road, High Wycombe, Buckinghamshire, HP12 4HJ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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 in accordance with the property
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on reducing balance
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. 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
Page 3
Page 4
2.6. 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 period, 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 period was: 37 (2022: 37)
37 37
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 75,000
As at 29 February 2024 75,000
Amortisation
As at 1 January 2023 23,333
Provided during the period 5,833
As at 29 February 2024 29,166
Net Book Value
As at 29 February 2024 45,834
As at 1 January 2023 51,667
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 100,262 59,094 286,092 200 445,648
Additions 34,100 - - - 34,100
Disposals - (59,094 ) - - (59,094 )
As at 29 February 2024 134,362 - 286,092 200 420,654
Depreciation
As at 1 January 2023 79,187 57,744 220,044 42 357,017
Provided during the period 2,587 - 16,604 86 19,277
Disposals - (57,744 ) - - (57,744 )
As at 29 February 2024 81,774 - 236,648 128 318,550
Net Book Value
As at 29 February 2024 52,588 - 49,444 72 102,104
As at 1 January 2023 21,075 1,350 66,048 158 88,631
Page 4
Page 5
6. Stocks
29 February 2024 31 December 2022
£ £
Stock 612,173 611,519
7. Debtors
29 February 2024 31 December 2022
£ £
Due within one year
Prepayments and accrued income 6,104 10,044
Other debtors 3,750 72,860
9,854 82,904
8. Creditors: Amounts Falling Due Within One Year
29 February 2024 31 December 2022
£ £
Trade creditors 10,154 8,293
Corporation tax 8,789 8,789
Other taxes and social security 8,095 15,727
VAT 3,668 47,487
Other creditors 23,618 69,392
Accruals and deferred income 10,359 11,190
Directors' loan accounts 123,840 53,841
188,523 214,719
9. Creditors: Amounts Falling Due After More Than One Year
29 February 2024 31 December 2022
£ £
Bank loans - 93,750
10. Share Capital
29 February 2024 31 December 2022
£ £
Allotted, Called up and fully paid 125 125
Page 5