Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05073736 Mr Donald Buckland Mr Gareth Guiver Pinstripe Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05073736 2023-12-31 05073736 2024-12-31 05073736 2024-01-01 2024-12-31 05073736 frs-core:CurrentFinancialInstruments 2024-12-31 05073736 frs-core:Non-currentFinancialInstruments 2024-12-31 05073736 frs-core:BetweenOneFiveYears 2024-12-31 05073736 frs-core:ComputerEquipment 2024-12-31 05073736 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05073736 frs-core:ComputerEquipment 2023-12-31 05073736 frs-core:FurnitureFittings 2024-12-31 05073736 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05073736 frs-core:FurnitureFittings 2023-12-31 05073736 frs-core:PlantMachinery 2024-12-31 05073736 frs-core:PlantMachinery 2024-01-01 2024-12-31 05073736 frs-core:PlantMachinery 2023-12-31 05073736 frs-core:WithinOneYear 2024-12-31 05073736 frs-core:ShareCapital 2024-12-31 05073736 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05073736 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05073736 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05073736 frs-bus:SmallEntities 2024-01-01 2024-12-31 05073736 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05073736 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05073736 frs-core:DeferredTaxation 2024-01-01 2024-12-31 05073736 frs-core:DeferredTaxation 2023-12-31 05073736 frs-core:DeferredTaxation 2024-12-31 05073736 frs-bus:Director1 2024-01-01 2024-12-31 05073736 frs-bus:Director2 2024-01-01 2024-12-31 05073736 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05073736 frs-countries:EnglandWales 2024-01-01 2024-12-31 05073736 2022-12-31 05073736 2023-12-31 05073736 2023-01-01 2023-12-31 05073736 frs-core:CurrentFinancialInstruments 2023-12-31 05073736 frs-core:Non-currentFinancialInstruments 2023-12-31 05073736 frs-core:BetweenOneFiveYears 2023-12-31 05073736 frs-core:WithinOneYear 2023-12-31 05073736 frs-core:ShareCapital 2023-12-31 05073736 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05073736
Distinction Property Services Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05073736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,286 47,468
56,286 47,468
CURRENT ASSETS
Stocks 5 30,000 30,000
Debtors 6 68,250 136,863
Cash at bank and in hand 136,420 91,534
234,670 258,397
Creditors: Amounts Falling Due Within One Year 7 (146,567 ) (156,070 )
NET CURRENT ASSETS (LIABILITIES) 88,103 102,327
TOTAL ASSETS LESS CURRENT LIABILITIES 144,389 149,795
Creditors: Amounts Falling Due After More Than One Year 8 (13,923 ) (20,020 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,460 ) (9,102 )
NET ASSETS 117,006 120,673
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 116,706 120,373
SHAREHOLDERS' FUNDS 117,006 120,673
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.
On behalf of the board
Mr Donald Buckland
Director
1 May 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
Distinction Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05073736 . The registered office is Premier House Unit 10a Duckmoor Road Industrial Es, Duckmoor Road, Bristol, BS3 2BJ.
The presentation currency of the financial statements is the Pound Sterling (£)
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 represents the revenue generated from the sale of goods and services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Sales of goods are recognised when the company has delivered the products to the customer and the customer has accepted the products. 
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order 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% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
...CONTINUED
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2.5. Taxation - continued
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 12 (2023: 12)
12 12
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 96,306 3,496 12,361 112,163
Additions 41,860 - - 41,860
Disposals (15,720 ) - - (15,720 )
As at 31 December 2024 122,446 3,496 12,361 138,303
Depreciation
As at 1 January 2024 52,600 3,208 8,887 64,695
Provided during the period 30,426 72 1,364 31,862
Disposals (14,540 ) - - (14,540 )
As at 31 December 2024 68,486 3,280 10,251 82,017
Net Book Value
As at 31 December 2024 53,960 216 2,110 56,286
As at 1 January 2024 43,706 288 3,474 47,468
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5. Stocks
2024 2023
£ £
Stock and work in progress 30,000 30,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 58,681 126,877
Other debtors 9,569 9,986
68,250 136,863
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,719 55,457
Bank loans and overdrafts 8,537 6,585
Other creditors 12,697 13,822
Taxation and social security 68,614 80,206
146,567 156,070
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,923 20,020
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 9,102 9,102
Deferred taxation 4,358 4,358
Balance at 31 December 2024 13,460 13,460
The provision for deferred taxation is made up of accelerated capital allowances.
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Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 11,963 11,963
Later than one year and not later than five years 14,953 26,916
26,916 38,879
12. Related Party Transactions
During the year, total dividends of £17,000 (2023: £4,000) were paid to the directors.
The company is controlled by Mr G Guiver and Mr D Buckland who each own 50% of the voting share capital.
Mr R Brown, employee and former director, is a director and shareholder of Distinction Scaffold Limited. The company traded with Distinction Scaffold Limited during the period generating purchase transactions of £78,352 (2023: £27,452), net of value added tax.
Mr G Guiver, director, is a director of North Somerset Pest Solutions Ltd. The company traded with North Somerset Pest Solutions Ltd during the period generating purchase transactions of £11,257 (2023: £21,846), net of value added tax.
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