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 02945773 Mr Steven Adkins Mr Alfred Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02945773 2023-07-31 02945773 2024-07-31 02945773 2023-08-01 2024-07-31 02945773 frs-core:CurrentFinancialInstruments 2024-07-31 02945773 frs-core:Non-currentFinancialInstruments 2024-07-31 02945773 frs-core:ComputerEquipment 2024-07-31 02945773 frs-core:ComputerEquipment 2023-08-01 2024-07-31 02945773 frs-core:ComputerEquipment 2023-07-31 02945773 frs-core:ShareCapital 2024-07-31 02945773 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 02945773 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02945773 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 02945773 frs-bus:SmallEntities 2023-08-01 2024-07-31 02945773 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02945773 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02945773 frs-bus:Director1 2023-08-01 2024-07-31 02945773 frs-bus:Director2 2023-08-01 2024-07-31 02945773 frs-countries:EnglandWales 2023-08-01 2024-07-31 02945773 2022-07-31 02945773 2023-07-31 02945773 2022-08-01 2023-07-31 02945773 frs-core:CurrentFinancialInstruments 2023-07-31 02945773 frs-core:Non-currentFinancialInstruments 2023-07-31 02945773 frs-core:ShareCapital 2023-07-31 02945773 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 02945773
DEWMEAD LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02945773
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 967 -
967 -
CURRENT ASSETS
Stocks 5 1,067,769 1,067,769
Debtors 6 153,445 77,213
Cash at bank and in hand 140,041 77,566
1,361,255 1,222,548
Creditors: Amounts Falling Due Within One Year 7 (115,830 ) (75,617 )
NET CURRENT ASSETS (LIABILITIES) 1,245,425 1,146,931
TOTAL ASSETS LESS CURRENT LIABILITIES 1,246,392 1,146,931
Creditors: Amounts Falling Due After More Than One Year 8 (11,255 ) (20,250 )
NET ASSETS 1,235,137 1,126,681
CAPITAL AND RESERVES
Called up share capital 9 98 98
Profit and Loss Account 1,235,039 1,126,583
SHAREHOLDERS' FUNDS 1,235,137 1,126,681
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.
The financial statements were approved by the board of directors on 28 April 2025 and were signed on its behalf by:
Mr Steven Adkins
Director
28/04/2025
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
DEWMEAD LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02945773 . The registered office is Unit 7, Vulcan House, Restmor Way, Hackbridge, Surrey, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value 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 company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. 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:
Computer Equipment 20% Straight line
2.3. Leasing and Hire Purchase Contracts
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. 
Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount 
of the leased asset and recognised on a straight line basis over the lease term.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued 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.
Stocks held for distribution no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
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 and loss.
2.5. 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 transaction is 
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
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.
...CONTINUED
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2.5. Financial Instruments - continued
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.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion 
of the company.
2.6. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the 
dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in 
foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising 
on translation in the period are included in profit or loss
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Current 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
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 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. Government Grant
Government grants are recognised at the fair value of the asset received or receivable when there is 
reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are 
met.  Where a grant does not specify performance conditions it is recognised in income when the proceeds 
are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a 
liability
2.9. Employee 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 services 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 -
Additions 1,000
As at 31 July 2024 1,000
Depreciation
As at 1 August 2023 -
Provided during the period 33
As at 31 July 2024 33
Net Book Value
As at 31 July 2024 967
As at 1 August 2023 -
5. Stocks
2024 2023
£ £
Stock 1,067,769 1,067,769
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,607 8,290
Prepayments and accrued income 2,838 8,923
Other debtors 140,000 60,000
153,445 77,213
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,104 6,178
Bank loans and overdrafts 9,000 9,000
Corporation tax 33,652 6,603
Other creditors 69,074 53,836
115,830 75,617
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,255 20,250
Page 5
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 98 98
10. Related Party Transactions
At the year end the company owed Goodwin Associates Limited £70,000 (2023: £30,000) a company in which 
S Adkins has a majority shareholding. No interest was charged on this amount.
At the year end the company owed Silverberry Trading Limited £70,000 (2023: £30,000) a company in which A Scott has a majority shareholding. No interest was charged on this amount.
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