Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 02344297 K Barker J Barker true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02344297 2023-05-31 02344297 2024-05-31 02344297 2023-06-01 2024-05-31 02344297 frs-core:CurrentFinancialInstruments 2024-05-31 02344297 frs-core:Non-currentFinancialInstruments 2024-05-31 02344297 frs-core:ComputerEquipment 2024-05-31 02344297 frs-core:ComputerEquipment 2023-06-01 2024-05-31 02344297 frs-core:ComputerEquipment 2023-05-31 02344297 frs-core:PlantMachinery 2024-05-31 02344297 frs-core:PlantMachinery 2023-06-01 2024-05-31 02344297 frs-core:PlantMachinery 2023-05-31 02344297 frs-core:ShareCapital 2024-05-31 02344297 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02344297 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02344297 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 02344297 frs-bus:SmallEntities 2023-06-01 2024-05-31 02344297 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02344297 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02344297 1 2023-06-01 2024-05-31 02344297 frs-bus:Director1 2023-06-01 2024-05-31 02344297 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 02344297 frs-countries:EnglandWales 2023-06-01 2024-05-31 02344297 2022-05-31 02344297 2023-05-31 02344297 2022-06-01 2023-05-31 02344297 frs-core:CurrentFinancialInstruments 2023-05-31 02344297 frs-core:Non-currentFinancialInstruments 2023-05-31 02344297 frs-core:ShareCapital 2023-05-31 02344297 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 02344297
Directline Structures Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02344297
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,074 6,203
3,074 6,203
CURRENT ASSETS
Debtors 5 104,324 235,274
Cash at bank and in hand 65,120 451,026
169,444 686,300
Creditors: Amounts Falling Due Within One Year 6 (146,871 ) (459,461 )
NET CURRENT ASSETS (LIABILITIES) 22,573 226,839
TOTAL ASSETS LESS CURRENT LIABILITIES 25,647 233,042
Creditors: Amounts Falling Due After More Than One Year 7 (12,008 ) (23,358 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (302 )
NET ASSETS 13,639 209,382
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 13,539 209,282
SHAREHOLDERS' FUNDS 13,639 209,382
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For the year ending 31 May 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
K Barker
Director
14 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Directline Structures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02344297 . The registered office is 65 High Street, Ashford, Kent, TN24 8SG.
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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover represents the net invoiced sales of goods and construction services, net of value added tax. Also included in turnover are applications for payments of costs incurred on long term contracts and a proportion of the attributable profit.
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 15% on cost
Computer Equipment 25% on cost
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. Financial Instruments
The company applies the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Basic financial assets and liabilities are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
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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.
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Long term contracts
Long term contract work in progress is stated at cost plus attributable profits estimated to be earned to date based on the stage of completion, less provision for any known or anticipated losses and payments on account received or receivable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 28,842 24,542 53,384
Additions 137 263 400
As at 31 May 2024 28,979 24,805 53,784
...CONTINUED
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Depreciation
As at 1 June 2023 24,187 22,994 47,181
Provided during the period 2,737 792 3,529
As at 31 May 2024 26,924 23,786 50,710
Net Book Value
As at 31 May 2024 2,055 1,019 3,074
As at 1 June 2023 4,655 1,548 6,203
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 84,370 52,939
Other debtors 19,954 182,335
104,324 235,274
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 60,179 204,793
Bank loans and overdrafts 11,227 11,027
Corporation tax - 4,324
Other taxes and social security 1,074 56,977
Other creditors 18,176 109,125
Amounts owed to group undertakings 56,215 73,215
146,871 459,461
Included in amounts owed to group undertakings is a loan due Directline Holdings Ltd. The loan is interest free and repayable on demand.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,008 23,358
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Ultimate Controlling Party
The company's parent is Directline Holdings Limited, a company registered in England & Wales.
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