Acorah Software Products - Accounts Production 16.1.200 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09166230 Mr Kevin De Banks Mrs Estelle De Banks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09166230 2023-09-30 09166230 2024-09-30 09166230 2023-10-01 2024-09-30 09166230 frs-core:CurrentFinancialInstruments 2024-09-30 09166230 frs-core:Non-currentFinancialInstruments 2024-09-30 09166230 frs-core:FurnitureFittings 2024-09-30 09166230 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09166230 frs-core:FurnitureFittings 2023-09-30 09166230 frs-core:NetGoodwill 2024-09-30 09166230 frs-core:NetGoodwill 2023-10-01 2024-09-30 09166230 frs-core:NetGoodwill 2023-09-30 09166230 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 09166230 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09166230 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 09166230 frs-core:MotorVehicles 2024-09-30 09166230 frs-core:MotorVehicles 2023-10-01 2024-09-30 09166230 frs-core:MotorVehicles 2023-09-30 09166230 frs-core:PlantMachinery 2024-09-30 09166230 frs-core:PlantMachinery 2023-10-01 2024-09-30 09166230 frs-core:PlantMachinery 2023-09-30 09166230 frs-core:WithinOneYear 2024-09-30 09166230 frs-core:CapitalRedemptionReserve 2024-09-30 09166230 frs-core:ShareCapital 2024-09-30 09166230 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09166230 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09166230 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09166230 frs-bus:SmallEntities 2023-10-01 2024-09-30 09166230 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09166230 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09166230 frs-core:DeferredTaxation 2023-10-01 2024-09-30 09166230 frs-core:DeferredTaxation 2023-09-30 09166230 frs-core:DeferredTaxation 2024-09-30 09166230 frs-core:ListedExchangeTraded 2024-09-30 09166230 frs-core:ListedExchangeTraded 2023-09-30 09166230 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 09166230 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-09-30 09166230 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-09-30 09166230 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 09166230 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-09-30 09166230 frs-bus:Director1 2023-10-01 2024-09-30 09166230 frs-bus:Director1 2023-09-30 09166230 frs-bus:Director1 2024-09-30 09166230 frs-bus:Director2 2023-10-01 2024-09-30 09166230 frs-bus:Director2 2023-09-30 09166230 frs-bus:Director2 2024-09-30 09166230 frs-countries:EnglandWales 2023-10-01 2024-09-30 09166230 2022-09-30 09166230 2023-09-30 09166230 2022-10-01 2023-09-30 09166230 frs-core:CurrentFinancialInstruments 2023-09-30 09166230 frs-core:Non-currentFinancialInstruments 2023-09-30 09166230 frs-core:WithinOneYear 2023-09-30 09166230 frs-core:CapitalRedemptionReserve 2023-09-30 09166230 frs-core:ShareCapital 2023-09-30 09166230 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09166230
Davies Builders Merchants Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
James-Goddard Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09166230
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 20,000
Tangible Assets 5 706,550 492,290
Investments 6 328,500 272,500
1,035,050 784,790
CURRENT ASSETS
Stocks 7 1,150,000 962,000
Debtors 8 1,105,042 890,865
Cash at bank and in hand 252,567 238,767
2,507,609 2,091,632
Creditors: Amounts Falling Due Within One Year 9 (1,318,589 ) (979,319 )
NET CURRENT ASSETS (LIABILITIES) 1,189,020 1,112,313
TOTAL ASSETS LESS CURRENT LIABILITIES 2,224,070 1,897,103
Creditors: Amounts Falling Due After More Than One Year 10 (38,021 ) (67,286 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,150 ) (41,517 )
NET ASSETS 2,134,899 1,788,300
CAPITAL AND RESERVES
Called up share capital 13 80 80
Capital redemption reserve 25 25
Profit and Loss Account 2,134,794 1,788,195
SHAREHOLDERS' FUNDS 2,134,899 1,788,300
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For the year ending 30 September 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 Kevin De Banks
Director
08/05/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Davies Builders Merchants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09166230 . The registered office is James-Goddard Accountancy, County Chambers, Warren steert, Tenby, Pembrokeshire, SA70 7JS.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 5% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. Financial Instruments
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are
initially measured at their transaction price including transaction costs and are subsequently carried
at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
equivalents, trade and most other receivables due with the operating cycle fall into this category of
financial instruments.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are
settled, or when the Company transfers the asset and substantially all the risks and rewards of
ownership to another party. If significant risks and rewards of ownership are retained after the
transfer to another party, then the Company will continue to recognise the value of the portion of the
risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are
discharged or cancelled
2.8. 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.
2.9. 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.
2.10. Finance and borrowing costs
All finance and borrowing costs are charged to the profit or loss in the year in which they are incurred.
2.11. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at
an annual general meeting.
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2.12. Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are
remeasured to market value at each balance sheet date. Gains and losses on remeasurement are
recognised in the Statement of Comprehensive Income for the period. Where market value cannot
be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date.
Gains and losses on remeasurement are recognised in profit or loss for the period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 25)
27 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 200,000
As at 30 September 2024 200,000
Amortisation
As at 1 October 2023 180,000
Provided during the period 20,000
As at 30 September 2024 200,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 20,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 October 2023 177,300 96,892 830,107 77,905 1,182,204
Additions 59,053 87,700 186,245 - 332,998
As at 30 September 2024 236,353 184,592 1,016,352 77,905 1,515,202
Depreciation
As at 1 October 2023 21,792 68,159 549,103 50,860 689,914
Provided during the period 9,962 12,630 89,992 6,154 118,738
As at 30 September 2024 31,754 80,789 639,095 57,014 808,652
Net Book Value
As at 30 September 2024 204,599 103,803 377,257 20,891 706,550
As at 1 October 2023 155,508 28,733 281,004 27,045 492,290
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6. Investments
Listed
£
Cost
As at 1 October 2023 272,500
Additions 56,000
As at 30 September 2024 328,500
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 328,500
As at 1 October 2023 272,500
7. Stocks
2024 2023
£ £
Stock 1,150,000 962,000
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 943,788 859,067
Other debtors 161,254 31,798
1,105,042 890,865
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 95,776 20,035
Trade creditors 879,177 653,817
Bank loans and overdrafts 48,032 59,986
Other creditors 48,334 41,365
Taxation and social security 247,270 204,116
1,318,589 979,319
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,021 67,286
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 95,776 20,035
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 41,517 41,517
Additions 9,633 9,633
Balance at 30 September 2024 51,150 51,150
13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 80 80
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Kevin De Banks (562 ) 297,676 193,419 - 103,695
Mrs Estelle De Banks - 185,174 157,360 - 27,814
The above loan is unsecured, repayable on demand and with interest chargeable at 2.5% per annum. 
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