Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 24 October 2024 1 October 2023 30 September 2024 30 September 2024 04137081 Mr M Hancock Mr M Kaushik Mr J Azurmendi Zabaleta Mr M George Mr M Hancock Niels Aage Kjær false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04137081 2023-09-30 04137081 2024-09-30 04137081 2023-10-01 2024-09-30 04137081 frs-core:CurrentFinancialInstruments 2024-09-30 04137081 frs-core:Non-currentFinancialInstruments 2024-09-30 04137081 frs-core:BetweenOneFiveYears 2024-09-30 04137081 frs-core:ComputerEquipment 2024-09-30 04137081 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04137081 frs-core:ComputerEquipment 2023-09-30 04137081 frs-core:FurnitureFittings 2024-09-30 04137081 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04137081 frs-core:FurnitureFittings 2023-09-30 04137081 frs-core:MotorVehicles 2024-09-30 04137081 frs-core:MotorVehicles 2023-10-01 2024-09-30 04137081 frs-core:MotorVehicles 2023-09-30 04137081 frs-core:PlantMachinery 2024-09-30 04137081 frs-core:PlantMachinery 2023-10-01 2024-09-30 04137081 frs-core:PlantMachinery 2023-09-30 04137081 frs-core:WithinOneYear 2024-09-30 04137081 frs-core:ShareCapital 2024-09-30 04137081 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04137081 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04137081 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04137081 frs-bus:SmallEntities 2023-10-01 2024-09-30 04137081 frs-bus:Audited 2023-10-01 2024-09-30 04137081 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04137081 1 2023-10-01 2024-09-30 04137081 frs-core:CostValuation 2023-09-30 04137081 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 04137081 frs-core:CostValuation 2024-09-30 04137081 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 04137081 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 04137081 frs-bus:Director1 2023-10-01 2024-09-30 04137081 frs-bus:Director2 2023-10-01 2024-09-30 04137081 frs-bus:Director3 2023-10-01 2024-09-30 04137081 frs-bus:Director4 2023-10-01 2024-09-30 04137081 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04137081 frs-countries:EnglandWales 2023-10-01 2024-09-30 04137081 2022-09-30 04137081 2023-09-30 04137081 2022-10-01 2023-09-30 04137081 frs-core:CurrentFinancialInstruments 2023-09-30 04137081 frs-core:Non-currentFinancialInstruments 2023-09-30 04137081 frs-core:BetweenOneFiveYears 2023-09-30 04137081 frs-core:MotorVehicles 2022-10-01 2023-09-30 04137081 frs-core:WithinOneYear 2023-09-30 04137081 frs-core:ShareCapital 2023-09-30 04137081 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04137081
Damper Technology Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04137081
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 161,730 71,838
Investments 5 283,995 284,158
445,725 355,996
CURRENT ASSETS
Stocks 6 1,140,127 2,632,755
Debtors 7 2,320,585 1,557,015
Cash at bank and in hand 1,183,891 1,235,731
4,644,603 5,425,501
Creditors: Amounts Falling Due Within One Year 8 (1,755,908 ) (2,823,598 )
NET CURRENT ASSETS (LIABILITIES) 2,888,695 2,601,903
TOTAL ASSETS LESS CURRENT LIABILITIES 3,334,420 2,957,899
Creditors: Amounts Falling Due After More Than One Year 9 (64,692 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,005 ) (16,362 )
NET ASSETS 3,247,723 2,941,537
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,247,623 2,941,437
SHAREHOLDERS' FUNDS 3,247,723 2,941,537
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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 M Hancock
Director
24 October 2024
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
Damper Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04137081 . The registered office is Meadowbank House, Meadowbank Court, Eastwood, Nottingham, NG16 3SL.
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. 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:
Plant & Machinery 10% and 33% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% and 33% straight line
2.4. 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.
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.
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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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2023: 37)
40 37
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 146,507 - 79,271 243,177 468,955
Additions 19,112 83,500 20,833 14,382 137,827
Disposals (1,845 ) - - (11,524 ) (13,369 )
As at 30 September 2024 163,774 83,500 100,104 246,035 593,413
Depreciation
As at 1 October 2023 103,677 - 72,752 220,688 397,117
Provided during the period 21,155 2,783 5,443 17,823 47,204
Disposals (1,114 ) - - (11,524 ) (12,638 )
As at 30 September 2024 123,718 2,783 78,195 226,987 431,683
Net Book Value
As at 30 September 2024 40,056 80,717 21,909 19,048 161,730
As at 1 October 2023 42,830 - 6,519 22,489 71,838
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 80,717 -
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5. Investments
Other
£
Cost
As at 1 October 2023 284,158
Revaluations (163 )
As at 30 September 2024 283,995
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 283,995
As at 1 October 2023 284,158
The investments represent investments in subsidiary undertakings. The company holds 20% or more of the share capital of the following companies:

Company % Share class
Damper Technology India 95.52 Ordinary
Damper Technology Europe IVS 100.00 Ordinary
Damper Technology Canada 100.00 Ordinary
6. Stocks
2024 2023
£ £
Materials 142,762 129,506
Work in progress 997,365 2,503,249
1,140,127 2,632,755
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,623,383 835,537
Prepayments and accrued income 107,040 122,164
Other debtors 632 603
VAT 97,242 226,523
Amounts owed by group undertakings 492,288 372,188
2,320,585 1,557,015
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,835 -
Trade creditors 822,659 1,339,311
Bank loans and overdrafts - 349
Corporation tax 96,364 5,873
Other taxes and social security 44,820 46,665
Other creditors 19,331 24,765
Accruals and deferred income 750,098 1,403,445
Amounts owed to group undertakings 10,801 3,190
1,755,908 2,823,598
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 64,692 -
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,835 -
Later than one year and not later than five years 64,692 -
76,527 -
76,527 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 19,809 39,826
Later than one year and not later than five years 24,387 5,626
44,196 45,452
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13. Related Party Transactions
At 30 September 2024, a loan balance of £24,413 (2023: £34,137) was due from Damper Technology India Private Limited, a subsidiary company. There was also a net trading balance owed to Damper Technology India Private Limited of £14,958
At 30 September 2024, a loan balance of £276,029 (2023: £211,555) and a trading balance of £126,496 (2023: £126,496) was due from Orbinox DTL Canada Limited, a subsidiary company.
At 30 September 2024, a loan balance of £10,801 (2023: £3,190) owed to Damper Technology Europe IVS, a subsidiary company.
14. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
15. Parent Undertaking and Controlling Party
The company's immediate parent company is Orbinox Valves International SL . Orbinox Valves International SL was incorporated in Spain. The most senior parent entity producing publicly available financial statements is AVK Holding A/S, registered in Denmark. The ultimate controlling party is Niels Aage Kjær .
16. Audit Information
The auditor's report on the accounts of Damper Technology Limited for the year ended 30 September 2024 was unqualified.
The auditor's report was signed by Mr Daniel Johnson FCCA (Senior Statutory Auditor) for and on behalf of Nuvo Audit Ltd , Statutory Auditor.
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