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 09283361 Mr Geoffrey Fox Mrs Lynn Fox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09283361 2023-10-31 09283361 2024-10-31 09283361 2023-11-01 2024-10-31 09283361 frs-core:CurrentFinancialInstruments 2024-10-31 09283361 frs-core:MotorVehicles 2024-10-31 09283361 frs-core:MotorVehicles 2023-11-01 2024-10-31 09283361 frs-core:MotorVehicles 2023-10-31 09283361 frs-core:PlantMachinery 2024-10-31 09283361 frs-core:PlantMachinery 2023-11-01 2024-10-31 09283361 frs-core:PlantMachinery 2023-10-31 09283361 frs-core:ShareCapital 2024-10-31 09283361 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09283361 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09283361 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09283361 frs-bus:SmallEntities 2023-11-01 2024-10-31 09283361 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09283361 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09283361 frs-bus:Director1 2023-11-01 2024-10-31 09283361 frs-bus:Director2 2023-11-01 2024-10-31 09283361 frs-countries:EnglandWales 2023-11-01 2024-10-31 09283361 2022-10-31 09283361 2023-10-31 09283361 2022-11-01 2023-10-31 09283361 frs-core:CurrentFinancialInstruments 2023-10-31 09283361 frs-core:ShareCapital 2023-10-31 09283361 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09283361
Deadline Digital Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09283361
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,892 27,273
24,892 27,273
CURRENT ASSETS
Debtors 5 4,588 24,530
Cash at bank and in hand 170,248 172,837
174,836 197,367
Creditors: Amounts Falling Due Within One Year 6 (59,003 ) (70,767 )
NET CURRENT ASSETS (LIABILITIES) 115,833 126,600
TOTAL ASSETS LESS CURRENT LIABILITIES 140,725 153,873
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,149 ) (6,682 )
NET ASSETS 134,576 147,191
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 134,574 147,189
SHAREHOLDERS' FUNDS 134,576 147,191
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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 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 Geoffrey Fox
Director
15/02/2025
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
Deadline Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09283361 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business park, Carlton, Barnsley, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 6 5
8 7
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 90,087 3,312 93,399
Additions 5,916 - 5,916
As at 31 October 2024 96,003 3,312 99,315
Depreciation
As at 1 November 2023 64,211 1,915 66,126
Provided during the period 7,948 349 8,297
As at 31 October 2024 72,159 2,264 74,423
Net Book Value
As at 31 October 2024 23,844 1,048 24,892
As at 1 November 2023 25,876 1,397 27,273
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,637 23,169
Prepayments and accrued income 867 971
Other Debtors - Deposit for Office 1,084 390
4,588 24,530
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 15,829 32,469
PAYE Creditors 2,452 1,683
VAT 13,778 9,728
Pension Creditors 434 427
Accruals and deferred income 454 304
Directors' loan accounts 26,056 26,156
59,003 70,767
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
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2024 2023
£ £
Mr Geoffrey Fox 42,000 70,000
Mrs Lynn Fox 27,000 40,000
9. Related Party Transactions
The company is controlled by Mr & Mrs Fox, directors & shareholders of the company.
The balance on the directors' loan account of Mr & Mrs Fox at 31st October 2024 was £26,056 (2023 - 26,156) due from the company.
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