Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 24 February 2024 24 February 2024 02818024 Mr Thomas Gilligan Mrs Amanda McDonnell Mrs Amanda McDonnell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02818024 2023-02-28 02818024 2024-02-24 02818024 2023-03-01 2024-02-24 02818024 frs-core:CurrentFinancialInstruments 2024-02-24 02818024 frs-core:ComputerEquipment 2024-02-24 02818024 frs-core:ComputerEquipment 2023-03-01 2024-02-24 02818024 frs-core:ComputerEquipment 2023-02-28 02818024 frs-core:FurnitureFittings 2024-02-24 02818024 frs-core:FurnitureFittings 2023-03-01 2024-02-24 02818024 frs-core:FurnitureFittings 2023-02-28 02818024 frs-core:MotorVehicles 2024-02-24 02818024 frs-core:MotorVehicles 2023-03-01 2024-02-24 02818024 frs-core:MotorVehicles 2023-02-28 02818024 frs-core:PlantMachinery 2024-02-24 02818024 frs-core:PlantMachinery 2023-03-01 2024-02-24 02818024 frs-core:PlantMachinery 2023-02-28 02818024 frs-core:ShareCapital 2024-02-24 02818024 frs-core:RetainedEarningsAccumulatedLosses 2024-02-24 02818024 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-24 02818024 frs-bus:FilletedAccounts 2023-03-01 2024-02-24 02818024 frs-bus:SmallEntities 2023-03-01 2024-02-24 02818024 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-24 02818024 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-24 02818024 frs-bus:Director1 2023-03-01 2024-02-24 02818024 frs-bus:Director1 2023-02-28 02818024 frs-bus:Director1 2024-02-24 02818024 frs-bus:Director2 2023-03-01 2024-02-24 02818024 frs-bus:Director2 2023-02-28 02818024 frs-bus:Director2 2024-02-24 02818024 frs-bus:CompanySecretary1 2023-03-01 2024-02-24 02818024 frs-countries:EnglandWales 2023-03-01 2024-02-24 02818024 2022-02-28 02818024 2023-02-28 02818024 2022-03-01 2023-02-28 02818024 frs-core:CurrentFinancialInstruments 2023-02-28 02818024 frs-core:ShareCapital 2023-02-28 02818024 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 02818024
Derby Groundworks Limited
Unaudited Financial Statements
For The Year Ended 24 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02818024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,606 54,506
43,606 54,506
CURRENT ASSETS
Debtors 5 416,593 526,674
Cash at bank and in hand 2,482 75,476
419,075 602,150
Creditors: Amounts Falling Due Within One Year 6 (124,981 ) (90,682 )
NET CURRENT ASSETS (LIABILITIES) 294,094 511,468
TOTAL ASSETS LESS CURRENT LIABILITIES 337,700 565,974
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,901 ) (10,156 )
NET ASSETS 326,799 555,818
CAPITAL AND RESERVES
Called up share capital 7 800 800
Profit and Loss Account 325,999 555,018
SHAREHOLDERS' FUNDS 326,799 555,818
Page 1
Page 2
For the year ending 24 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
Mrs Amanda McDonnell
Director
20/02/2025
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
Derby Groundworks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02818024 . The registered office is 119 Manor Road, Derby, DE23 6BS.
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 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% On Cost
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 12)
9 12
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 76,127 251,322 3,296 225 330,970
As at 24 February 2024 76,127 251,322 3,296 225 330,970
Depreciation
As at 1 March 2023 73,428 199,840 2,971 225 276,464
Provided during the period 539 10,296 65 - 10,900
As at 24 February 2024 73,967 210,136 3,036 225 287,364
Net Book Value
As at 24 February 2024 2,160 41,186 260 - 43,606
As at 1 March 2023 2,699 51,482 325 - 54,506
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,006 151,917
Other debtors 360,587 374,757
416,593 526,674
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,858 22,415
Bank loans and overdrafts 26,959 -
Other creditors 40,780 4,235
Taxation and social security 24,384 64,032
124,981 90,682
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 800 800
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 24 February 2024
£ £ £ £ £
Mr Thomas Gilligan 203,023 13,588 27,000 - 189,611
Mrs Amanda McDonnell 67,743 26,888 27,000 - 67,031
The above loans are subject to a 2% interest charge.
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