Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09615336 M F Tayub iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09615336 2023-07-31 09615336 2024-07-31 09615336 2023-08-01 2024-07-31 09615336 frs-core:CurrentFinancialInstruments 2024-07-31 09615336 frs-core:FurnitureFittings 2024-07-31 09615336 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09615336 frs-core:FurnitureFittings 2023-07-31 09615336 frs-core:MotorVehicles 2024-07-31 09615336 frs-core:MotorVehicles 2023-08-01 2024-07-31 09615336 frs-core:MotorVehicles 2023-07-31 09615336 frs-core:ShareCapital 2024-07-31 09615336 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09615336 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09615336 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09615336 frs-bus:SmallEntities 2023-08-01 2024-07-31 09615336 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09615336 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09615336 frs-bus:Director1 2023-08-01 2024-07-31 09615336 frs-bus:Director1 2023-07-31 09615336 frs-bus:Director1 2024-07-31 09615336 frs-countries:EnglandWales 2023-08-01 2024-07-31 09615336 2022-07-31 09615336 2023-07-31 09615336 2022-08-01 2023-07-31 09615336 frs-core:CurrentFinancialInstruments 2023-07-31 09615336 frs-core:ShareCapital 2023-07-31 09615336 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09615336
Dew Drop Foods Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09615336
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,339 8,397
17,339 8,397
CURRENT ASSETS
Stocks 5 42,861 36,854
Debtors 6 51,554 28,840
Investments 7 20,731 26,711
Cash at bank and in hand 103,699 82,092
218,845 174,497
Creditors: Amounts Falling Due Within One Year 8 (187,439 ) (152,361 )
NET CURRENT ASSETS (LIABILITIES) 31,406 22,136
TOTAL ASSETS LESS CURRENT LIABILITIES 48,745 30,533
NET ASSETS 48,745 30,533
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 48,645 30,433
SHAREHOLDERS' FUNDS 48,745 30,533
Page 1
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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 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 Profit and Loss Account.
On behalf of the board
M F Tayub
Director
28th April 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
Dew Drop Foods Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09615336 . The registered office is 109 Coleman Road, Leicester, Leicestershire, LE5 4LE.
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:
Motor Vehicles 15% On Cost
Fixtures & Fittings 15% On Cost
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 18,695 25,105 43,800
Additions 13,995 - 13,995
As at 31 July 2024 32,690 25,105 57,795
Depreciation
As at 1 August 2023 10,299 25,104 35,403
Provided during the period 5,053 - 5,053
As at 31 July 2024 15,352 25,104 40,456
Net Book Value
As at 31 July 2024 17,338 1 17,339
As at 1 August 2023 8,396 1 8,397
5. Stocks
2024 2023
£ £
Stock 42,861 36,854
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,054 15,934
Other debtors 24,500 12,906
51,554 28,840
7. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 20,731 26,711
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 93,908 65,107
Other creditors 87,036 80,221
Taxation and social security 6,495 7,033
187,439 152,361
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Mhomed Tayub (74,570 ) (8,994 ) - - (85,607 )
The above loan is unsecured, interest free and repayable on demand.
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