Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04108752 Mrs J Blissett Mr K C Blissett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04108752 2023-12-31 04108752 2024-12-31 04108752 2024-01-01 2024-12-31 04108752 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04108752 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04108752 frs-core:MotorVehicles 2024-01-01 2024-12-31 04108752 frs-core:PlantMachinery 2024-01-01 2024-12-31 04108752 frs-core:ShareCapital 2024-12-31 04108752 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04108752 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04108752 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 04108752 frs-bus:SmallEntities 2024-01-01 2024-12-31 04108752 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04108752 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04108752 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04108752 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 04108752 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 04108752 frs-core:RevaluationInvestmentPropertyDeferredTax 2024-12-31 04108752 frs-core:CostValuation 2023-12-31 04108752 frs-core:CostValuation 2024-12-31 04108752 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-12-31 04108752 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04108752 frs-bus:Director1 2024-01-01 2024-12-31 04108752 frs-bus:Director2 2024-01-01 2024-12-31 04108752 frs-countries:EnglandWales 2024-01-01 2024-12-31 04108752 2022-12-31 04108752 2023-12-31 04108752 2023-01-01 2023-12-31 04108752 frs-core:ShareCapital 2023-12-31 04108752 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04108752 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04108752 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 04108752 frs-core:RevaluationInvestmentPropertyDeferredTax 2023-12-31
Registered number: 04108752
Doronwell Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04108752
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,020 83,714
Investment Properties 5 250,000 263,000
Investments 6 20,699 40,699
329,719 387,413
CURRENT ASSETS
Stocks 44,425 10,526
Debtors 423,719 345,559
Cash at bank and in hand 558,247 100,823
1,026,391 456,908
Creditors: Amounts Falling Due Within One Year (566,307 ) (285,576 )
NET CURRENT ASSETS (LIABILITIES) 460,084 171,332
TOTAL ASSETS LESS CURRENT LIABILITIES 789,803 558,745
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (24,500 ) (38,600 )
NET ASSETS 765,303 520,145
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 29,330 54,080
Profit and Loss Account 735,971 466,063
SHAREHOLDERS' FUNDS 765,303 520,145
Page 1
Page 2
For the year ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr K C Blissett
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Doronwell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04108752 . The registered office is 10 Wrens Court, 48 Victoria Road, Sutton Coldfield, West Midlands, B72 1SY.
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 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 50% straight line
Computer Equipment 50% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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. 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.
2.8. 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.
2.9. Investments held as Fixed Assets
Investments are valued at fair value where a market value is available. Otherwise the investments are valued at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 January 2024 113,301
Additions 3,638
Disposals (285 )
As at 31 December 2024 116,654
Depreciation
As at 1 January 2024 29,587
Provided during the period 28,332
Disposals (285 )
As at 31 December 2024 57,634
Net Book Value
As at 31 December 2024 59,020
As at 1 January 2024 83,714
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5. Investment Property
2024
£
Fair Value
As at 1 January 2024 263,000
Fair value adjustments (13,000 )
As at 31 December 2024 250,000
The valuation of £250,000 as at 31 December 2024 was provided by Whittaker & Briggs, a local estate agent and valuer.
6. Investments
Total
£
Cost
As at 1 January 2024 40,699
As at 31 December 2024 40,699
Provision
As at 1 January 2024 -
Impairment losses 20,000
As at 31 December 2024 20,000
Net Book Value
As at 31 December 2024 20,699
As at 1 January 2024 40,699
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 14,750 20,600
Revaluation of investment properties 14,750 18,000
Other timing differences (5,000) -
24,500 38,600
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Fair Value Reserve
£
As at 1 January 2024 54,080
Movements in fair value reserve (33,000)
Movement in deferred tax on revaluation 8,250
As at 31 December 2024 29,330
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