Acorah Software Products - Accounts Production 16.1.300 false true true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11801023 Mr A Dani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11801023 2024-02-29 11801023 2025-02-28 11801023 2024-03-01 2025-02-28 11801023 frs-core:CurrentFinancialInstruments 2025-02-28 11801023 frs-core:Non-currentFinancialInstruments 2025-02-28 11801023 frs-core:ComputerEquipment 2025-02-28 11801023 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11801023 frs-core:ComputerEquipment 2024-02-29 11801023 frs-core:FurnitureFittings 2025-02-28 11801023 frs-core:FurnitureFittings 2024-03-01 2025-02-28 11801023 frs-core:FurnitureFittings 2024-02-29 11801023 frs-core:ShareCapital 2025-02-28 11801023 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11801023 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11801023 frs-bus:SmallEntities 2024-03-01 2025-02-28 11801023 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11801023 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11801023 frs-bus:Director1 2024-03-01 2025-02-28 11801023 frs-countries:EnglandWales 2024-03-01 2025-02-28 11801023 2023-02-28 11801023 2024-02-29 11801023 2023-03-01 2024-02-29 11801023 frs-core:CurrentFinancialInstruments 2024-02-29 11801023 frs-core:Non-currentFinancialInstruments 2024-02-29 11801023 frs-core:ShareCapital 2024-02-29
Registered number: 11801023
Dan's Solutions Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Strategic Partnership
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11801023
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 221 443
221 443
CURRENT ASSETS
Debtors 5 22,215 14,000
Cash at bank and in hand 1,608 386
23,823 14,386
Creditors: Amounts Falling Due Within One Year 6 (21,209 ) (6,761 )
NET CURRENT ASSETS (LIABILITIES) 2,614 7,625
TOTAL ASSETS LESS CURRENT LIABILITIES 2,835 8,068
Creditors: Amounts Falling Due After More Than One Year 7 (2,735 ) (7,968 )
NET ASSETS 100 100
CAPITAL AND RESERVES
Called up share capital 8 100 100
SHAREHOLDERS' FUNDS 100 100
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For the year ending 28 February 2025 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 his 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 Income Statement.
On behalf of the board
Mr A Dani
Director
25 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dan's Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11801023 . The registered office is Flat 4, 45 George Lane, London, E18 1LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared 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 have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
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2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of £2,735 during the year ended 28 February 2025. This is reported the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 141 523 664
As at 28 February 2025 141 523 664
Depreciation
As at 1 March 2024 47 174 221
Provided during the period 47 175 222
As at 28 February 2025 94 349 443
Net Book Value
As at 28 February 2025 47 174 221
As at 1 March 2024 94 349 443
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5. Debtors
2025 2024
£ £
Due within one year
Other debtors 18,097 14,000
VAT 4,118 -
22,215 14,000
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 2,065 874
VAT - 356
Accruals and deferred income 1,228 1,262
Director's loan account 17,916 4,269
21,209 6,761
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,735 7,968
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year end, there are 100 Ordinary Shares in issue.
9. Related Party Transactions
The Director's loan account balance of Mr A Dani of £17,916 as at the year- end, is a current liability, interest free and repayable on demand.
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