Acorah Software Products - Accounts Production 16.2.850 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 05918086 Mr Gavin Callaghan Mr Richard Callaghan Mr Richard Callaghan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05918086 2024-01-31 05918086 2025-01-31 05918086 2024-02-01 2025-01-31 05918086 frs-core:CurrentFinancialInstruments 2025-01-31 05918086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 05918086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 05918086 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 05918086 frs-core:PlantMachinery 2025-01-31 05918086 frs-core:PlantMachinery 2024-02-01 2025-01-31 05918086 frs-core:PlantMachinery 2024-01-31 05918086 frs-core:ShareCapital 2025-01-31 05918086 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 05918086 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05918086 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 05918086 frs-bus:SmallEntities 2024-02-01 2025-01-31 05918086 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05918086 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05918086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 05918086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 05918086 frs-bus:Director1 2024-02-01 2025-01-31 05918086 frs-bus:Director2 2024-02-01 2025-01-31 05918086 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 05918086 frs-countries:EnglandWales 2024-02-01 2025-01-31 05918086 2023-01-31 05918086 2024-01-31 05918086 2023-02-01 2024-01-31 05918086 frs-core:CurrentFinancialInstruments 2024-01-31 05918086 frs-core:ShareCapital 2024-01-31 05918086 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05918086 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31
Registered number: 05918086
The Drawing Office (Chesterfield) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Gavin Callaghan
Mr Richard Callaghan
Secretary Mr Richard Callaghan
Company Number 05918086
Registered Office Ivy Cottage Wilkin Hill
Barlow
Dronfield
Derbyshire
S18 7TE
Accountants Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Page 1
Page 2
Statement of Financial Position
Registered number: 05918086
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 310,000 312,080
310,000 312,080
CURRENT ASSETS
Debtors 5 425,928 445,115
Cash at bank and in hand 2,258 262
428,186 445,377
Creditors: Amounts Falling Due Within One Year 6 (33,367 ) (27,634 )
NET CURRENT ASSETS (LIABILITIES) 394,819 417,743
TOTAL ASSETS LESS CURRENT LIABILITIES 704,819 729,823
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,686 ) (10,206 )
NET ASSETS 695,133 719,617
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 29,056 29,056
Income Statement 665,077 689,561
SHAREHOLDERS' FUNDS 695,133 719,617
Page 2
Page 3
For the year ending 31 January 2025 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 Income Statement.
On behalf of the board
Mr Richard Callaghan
Director
21/03/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Drawing Office (Chesterfield) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05918086 . The registered office is Ivy Cottage Wilkin Hill, Barlow, Dronfield, Derbyshire, S18 7TE.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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:
Freehold Nil
Plant & Machinery 20% reducing balance
Investment property was valued by the directors at the reporting date
2.4. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investment property was valued by the directors at the reporting date.
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 and creditors, loans from banks and other third parties.
Page 4
Page 5
2.6. Taxation
Taxation 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. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense
2.8. Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2024 310,000 44,612 354,612
As at 31 January 2025 310,000 44,612 354,612
Depreciation
As at 1 February 2024 - 42,532 42,532
Provided during the period - 2,080 2,080
As at 31 January 2025 - 44,612 44,612
Net Book Value
As at 31 January 2025 310,000 - 310,000
As at 1 February 2024 310,000 2,080 312,080
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Page 6
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 271,259
Accumulated depreciation and impairment 21,700
Carrying amount 249,559
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 5,844
Amounts owed by group undertakings 417,895 431,745
Other debtors 8,033 7,526
425,928 445,115
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 49 264
Other creditors 3,854 4,050
Taxation and social security 29,464 23,320
33,367 27,634
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Reserves
Fair Value Reserve
£
As at 1 February 2024 29,056
As at 31 January 2025 29,056
9. Directors' advances, credits and guarantees
At the balance sheet date, the directors were owed £1,369 (2024: £1,565) by the company.
Page 6