Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12805342 Aimee Murphy Mr Dominick Simons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12805342 2023-08-31 12805342 2024-08-31 12805342 2023-09-01 2024-08-31 12805342 frs-core:CurrentFinancialInstruments 2024-08-31 12805342 frs-core:ComputerEquipment 2024-08-31 12805342 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12805342 frs-core:ComputerEquipment 2023-08-31 12805342 frs-core:NetGoodwill 2024-08-31 12805342 frs-core:NetGoodwill 2023-09-01 2024-08-31 12805342 frs-core:NetGoodwill 2023-08-31 12805342 frs-core:MotorVehicles 2024-08-31 12805342 frs-core:MotorVehicles 2023-09-01 2024-08-31 12805342 frs-core:MotorVehicles 2023-08-31 12805342 frs-core:PlantMachinery 2024-08-31 12805342 frs-core:PlantMachinery 2023-09-01 2024-08-31 12805342 frs-core:PlantMachinery 2023-08-31 12805342 frs-core:ShareCapital 2024-08-31 12805342 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12805342 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12805342 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12805342 frs-bus:SmallEntities 2023-09-01 2024-08-31 12805342 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12805342 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12805342 frs-bus:Director1 2023-09-01 2024-08-31 12805342 frs-bus:Director2 2023-09-01 2024-08-31 12805342 frs-countries:EnglandWales 2023-09-01 2024-08-31 12805342 2022-08-31 12805342 2023-08-31 12805342 2022-09-01 2023-08-31 12805342 frs-core:CurrentFinancialInstruments 2023-08-31 12805342 frs-core:ShareCapital 2023-08-31 12805342 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12805342
D S Projects Lincolnshire Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Rebecca Beaton Accountancy Services
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12805342
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 6,000
Tangible Assets 5 116,391 64,001
120,391 70,001
CURRENT ASSETS
Stocks 6 87,549 147,302
Debtors 7 212,617 117,650
Cash at bank and in hand 14,055 100,648
314,221 365,600
Creditors: Amounts Falling Due Within One Year 8 (174,954 ) (221,434 )
NET CURRENT ASSETS (LIABILITIES) 139,267 144,166
TOTAL ASSETS LESS CURRENT LIABILITIES 259,658 214,167
NET ASSETS 259,658 214,167
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 259,648 214,157
SHAREHOLDERS' FUNDS 259,658 214,167
For the year ending 31 August 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 Dominick Simons
Director
08/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
D S Projects Lincolnshire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12805342 . The registered office is Unit 8, Weaver Court, Hargreaves Way, Scunthorpe, North Lincolnshire, DN15 8RN.
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:
Plant & Machinery 10% straight line
Motor Vehicles 25% straight line
Computer Equipment 10% straight line
2.5. 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.
2.6. 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.
...CONTINUED
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Page 3
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 10,000
As at 31 August 2024 10,000
Amortisation
As at 1 September 2023 4,000
Provided during the period 2,000
As at 31 August 2024 6,000
Net Book Value
As at 31 August 2024 4,000
As at 1 September 2023 6,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 20,200 79,112 3,058 102,370
Additions 4,845 74,595 5,116 84,556
Disposals - (17,620 ) - (17,620 )
As at 31 August 2024 25,045 136,087 8,174 169,306
Depreciation
As at 1 September 2023 5,250 32,754 365 38,369
Provided during the period 2,353 24,717 691 27,761
Disposals - (13,215 ) - (13,215 )
As at 31 August 2024 7,603 44,256 1,056 52,915
Net Book Value
As at 31 August 2024 17,442 91,831 7,118 116,391
As at 1 September 2023 14,950 46,358 2,693 64,001
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Page 4
6. Stocks
2024 2023
£ £
Stock 45,000 35,000
Work in progress 42,549 112,302
87,549 147,302
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 199,334 117,400
Other debtors 13,283 250
212,617 117,650
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 58,279 100,771
Other creditors 14,933 7,839
Taxation and social security 101,742 112,824
174,954 221,434
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4