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 08806960 Mrs Wendy Harbutt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08806960 2023-12-31 08806960 2024-12-31 08806960 2024-01-01 2024-12-31 08806960 frs-core:CurrentFinancialInstruments 2024-12-31 08806960 frs-core:ComputerEquipment 2024-12-31 08806960 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08806960 frs-core:ComputerEquipment 2023-12-31 08806960 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08806960 frs-core:ShareCapital 2024-12-31 08806960 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08806960 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08806960 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08806960 frs-bus:SmallEntities 2024-01-01 2024-12-31 08806960 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08806960 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08806960 frs-bus:Director1 2024-01-01 2024-12-31 08806960 frs-countries:EnglandWales 2024-01-01 2024-12-31 08806960 2022-12-31 08806960 2023-12-31 08806960 2023-01-01 2023-12-31 08806960 frs-core:CurrentFinancialInstruments 2023-12-31 08806960 frs-core:ShareCapital 2023-12-31 08806960 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08806960
Dramatic Improvement & Development Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Richard Price Accountancy
ACCA
28 Croft Gardens
Charlton Kings
Cheltenham
GL53 8LG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08806960
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 183 2,414
183 2,414
CURRENT ASSETS
Debtors 5 75,962 55,307
Cash at bank and in hand 476,397 406,899
552,359 462,206
Creditors: Amounts Falling Due Within One Year 6 (127,311 ) (80,899 )
NET CURRENT ASSETS (LIABILITIES) 425,048 381,307
TOTAL ASSETS LESS CURRENT LIABILITIES 425,231 383,721
NET ASSETS 425,231 383,721
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 425,229 383,719
SHAREHOLDERS' FUNDS 425,231 383,721
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Wendy Harbutt
Director
13/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dramatic Improvement & Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08806960 . The registered office is 25 Honeysuckle Avenue, Brizen Park, Cheltenham, Glos, GL53 0AF.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Fixtures & Fittings Straight Line 25%
Computer Equipment 25% Straight Line
2.4. 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.
2.5. 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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 7,155
Disposals (1,770 )
As at 31 December 2024 5,385
Depreciation
As at 1 January 2024 4,741
Provided during the period 524
Disposals (63 )
As at 31 December 2024 5,202
Net Book Value
As at 31 December 2024 183
As at 1 January 2024 2,414
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 75,962 55,307
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,058 5,846
Corporation tax 37,116 22,885
VAT 5,394 8,776
Other creditors 1,262 2,214
Director's loan account 72,481 41,178
127,311 80,899
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4