Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08608910 Mr John Parker Mr Shayne Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08608910 2023-07-31 08608910 2024-07-31 08608910 2023-08-01 2024-07-31 08608910 frs-core:CurrentFinancialInstruments 2024-07-31 08608910 frs-core:NetGoodwill 2024-07-31 08608910 frs-core:NetGoodwill 2023-08-01 2024-07-31 08608910 frs-core:NetGoodwill 2023-07-31 08608910 frs-core:MotorVehicles 2024-07-31 08608910 frs-core:MotorVehicles 2023-08-01 2024-07-31 08608910 frs-core:MotorVehicles 2023-07-31 08608910 frs-core:PlantMachinery 2024-07-31 08608910 frs-core:PlantMachinery 2023-08-01 2024-07-31 08608910 frs-core:PlantMachinery 2023-07-31 08608910 frs-core:ShareCapital 2024-07-31 08608910 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08608910 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08608910 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08608910 frs-bus:SmallEntities 2023-08-01 2024-07-31 08608910 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08608910 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08608910 frs-bus:Director1 2023-08-01 2024-07-31 08608910 frs-bus:Director2 2023-08-01 2024-07-31 08608910 frs-countries:EnglandWales 2023-08-01 2024-07-31 08608910 2022-07-31 08608910 2023-07-31 08608910 2022-08-01 2023-07-31 08608910 frs-core:CurrentFinancialInstruments 2023-07-31 08608910 frs-core:ShareCapital 2023-07-31 08608910 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08608910
Domestic Sprinklers West Sussex Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Dorset Accountancy Limited
5 Belle Vue
Weymouth
Dorset
DT4 8DR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08608910
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 36,309 33,192
36,309 33,192
CURRENT ASSETS
Stocks 6 15,000 15,000
Debtors 7 554,256 492,804
Cash at bank and in hand 101,994 254,470
671,250 762,274
Creditors: Amounts Falling Due Within One Year 8 (253,318 ) (386,342 )
NET CURRENT ASSETS (LIABILITIES) 417,932 375,932
TOTAL ASSETS LESS CURRENT LIABILITIES 454,241 409,124
NET ASSETS 454,241 409,124
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 454,141 409,024
SHAREHOLDERS' FUNDS 454,241 409,124
Page 1
Page 2
For the year ending 31 July 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 Shayne Parker
Director
24th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Domestic Sprinklers West Sussex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08608910 . The registered office is 47 Rex Lane, Chickerell, Weymouth, Dorset, DT3 4AY.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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 25% reducing balance basis
Motor Vehicles 25% reducing balance basis
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. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 30,000
As at 31 July 2024 30,000
Amortisation
As at 1 August 2023 30,000
As at 31 July 2024 30,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2023 5,284 68,250 73,534
Additions 820 14,400 15,220
As at 31 July 2024 6,104 82,650 88,754
Depreciation
As at 1 August 2023 2,811 37,531 40,342
Provided during the period 823 11,280 12,103
As at 31 July 2024 3,634 48,811 52,445
Net Book Value
As at 31 July 2024 2,470 33,839 36,309
As at 1 August 2023 2,473 30,719 33,192
6. Stocks
2024 2023
£ £
Stock 15,000 15,000
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 281,024 344,133
Prepayments and accrued income - 6,333
Other debtors 17,636 14,283
VAT 21,810 71,777
Amounts owed by group undertakings 233,786 56,278
554,256 492,804
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 128,785 237,522
Corporation tax 37,420 81,992
Other taxes and social security 20,186 22,676
Accruals and deferred income 1,600 1,500
Amounts owed to group undertakings 65,327 42,652
253,318 386,342
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5