Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08606715 Mr NM Dugard Mrs RM Dugard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08606715 2023-07-31 08606715 2024-07-31 08606715 2023-08-01 2024-07-31 08606715 frs-core:CurrentFinancialInstruments 2024-07-31 08606715 frs-core:BetweenOneFiveYears 2024-07-31 08606715 frs-core:FurnitureFittings 2023-08-01 2024-07-31 08606715 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 08606715 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08606715 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 08606715 frs-core:MoreThanFiveYears 2024-07-31 08606715 frs-core:MotorVehicles 2023-08-01 2024-07-31 08606715 frs-core:PlantMachinery 2024-07-31 08606715 frs-core:PlantMachinery 2023-08-01 2024-07-31 08606715 frs-core:PlantMachinery 2023-07-31 08606715 frs-core:ShareCapital 2024-07-31 08606715 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08606715 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08606715 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08606715 frs-bus:SmallEntities 2023-08-01 2024-07-31 08606715 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08606715 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08606715 frs-bus:Director1 2023-08-01 2024-07-31 08606715 frs-bus:Director2 2023-08-01 2024-07-31 08606715 frs-countries:EnglandWales 2023-08-01 2024-07-31 08606715 2022-07-31 08606715 2023-07-31 08606715 2022-08-01 2023-07-31 08606715 frs-core:CurrentFinancialInstruments 2023-07-31 08606715 frs-core:BetweenOneFiveYears 2023-07-31 08606715 frs-core:MoreThanFiveYears 2023-07-31 08606715 frs-core:ShareCapital 2023-07-31 08606715 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Dugard and Daughters Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08606715
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 164,330 171,132
164,330 171,132
CURRENT ASSETS
Stocks 5 124,938 104,002
Debtors 6 62,860 63,257
Cash at bank and in hand 572,932 542,654
760,730 709,913
Creditors: Amounts Falling Due Within One Year 7 (355,988 ) (300,487 )
NET CURRENT ASSETS (LIABILITIES) 404,742 409,426
TOTAL ASSETS LESS CURRENT LIABILITIES 569,072 580,558
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,082 ) (32,515 )
NET ASSETS 527,990 548,043
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 527,890 547,943
SHAREHOLDERS' FUNDS 527,990 548,043
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 Income Statement.
On behalf of the board
Mr NM Dugard
Director
10/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dugard and Daughters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08606715 . The registered office is Arch 286 Milkwood Road , Herne Hill, London, SE24 0EZ.
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
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to the
entity and the costs incurred or to be incurred in respect of the transaction can be measured 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:
Leasehold Over 10 years
Plant & Machinery Between 8 and 10 years
Motor Vehicles Between 8 and 10 years
Fixtures & Fittings Over 8 years
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. if any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,
the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to income
on a straight line basis over the term of the relevant lease except where another more systematic basis is
more representative of the time pattern in which economic benefits from the lease asset are consumed.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of
stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss
in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments' and Section
12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transactionis measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
...CONTINUED
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2.6. Financial Instruments - continued

Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non—current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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 year 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 asset reflects 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.9. Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the
discretion of the company.
Page 4
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2.10. Employee Benefits & Retirement benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s service
are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.


Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.11. Cash at bank and in hand
Cash at bank and in hand 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 24)
24 24
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2023 26,214 388,903 415,117
Additions - 22,197 22,197
As at 31 July 2024 26,214 411,100 437,314
Depreciation
As at 1 August 2023 13,921 230,064 243,985
Provided during the period 1,844 27,155 28,999
As at 31 July 2024 15,765 257,219 272,984
Net Book Value
As at 31 July 2024 10,449 153,881 164,330
As at 1 August 2023 12,293 158,839 171,132
5. Stocks
2024 2023
£ £
Stock 124,938 104,002
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 62,860 63,257
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 208,781 162,319
Corporation tax 108,439 60,241
Other creditors 38,768 77,927
355,988 300,487
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, as follows:
2024 2023
£ £
Later than one year and not later than five years 266,081 302,915
Later than five years 180,000 240,000
446,081 542,915
Page 6