Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 05299616 Rebecca Kirkup Paul Kirkup iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05299616 2023-11-30 05299616 2024-11-30 05299616 2023-12-01 2024-11-30 05299616 frs-core:CurrentFinancialInstruments 2024-11-30 05299616 frs-core:Non-currentFinancialInstruments 2024-11-30 05299616 frs-core:ComputerEquipment 2024-11-30 05299616 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05299616 frs-core:ComputerEquipment 2023-11-30 05299616 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 05299616 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 05299616 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 05299616 frs-core:MotorVehicles 2024-11-30 05299616 frs-core:MotorVehicles 2023-12-01 2024-11-30 05299616 frs-core:MotorVehicles 2023-11-30 05299616 frs-core:PlantMachinery 2024-11-30 05299616 frs-core:PlantMachinery 2023-12-01 2024-11-30 05299616 frs-core:PlantMachinery 2023-11-30 05299616 frs-core:ShareCapital 2024-11-30 05299616 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05299616 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05299616 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05299616 frs-bus:SmallEntities 2023-12-01 2024-11-30 05299616 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05299616 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05299616 frs-core:UnlistedNon-exchangeTraded 2024-11-30 05299616 frs-core:UnlistedNon-exchangeTraded 2023-11-30 05299616 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 05299616 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 05299616 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-11-30 05299616 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 05299616 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 05299616 frs-bus:Director1 2023-12-01 2024-11-30 05299616 frs-bus:Director2 2023-12-01 2024-11-30 05299616 frs-countries:EnglandWales 2023-12-01 2024-11-30 05299616 2022-11-30 05299616 2023-11-30 05299616 2022-12-01 2023-11-30 05299616 frs-core:CurrentFinancialInstruments 2023-11-30 05299616 frs-core:Non-currentFinancialInstruments 2023-11-30 05299616 frs-core:PlantMachinery 2022-12-01 2023-11-30 05299616 frs-core:WithinOneYear 2023-11-30 05299616 frs-core:ShareCapital 2023-11-30 05299616 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 05299616
Damn Good Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05299616
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 172,298 173,700
Investments 5 4,384 -
176,682 173,700
CURRENT ASSETS
Debtors 6 34,608 95,759
Cash at bank and in hand 259,308 522,307
293,916 618,066
Creditors: Amounts Falling Due Within One Year 7 (259,858 ) (365,436 )
NET CURRENT ASSETS (LIABILITIES) 34,058 252,630
TOTAL ASSETS LESS CURRENT LIABILITIES 210,740 426,330
Creditors: Amounts Falling Due After More Than One Year 8 (75,450 ) (152,532 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (32,000 ) (36,000 )
NET ASSETS 103,290 237,798
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 103,190 237,698
SHAREHOLDERS' FUNDS 103,290 237,798
Page 1
Page 2
For the year ending 30 November 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
Rebecca Kirkup
Director
7 April 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
Damn Good Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05299616 . The registered office is Unit D, Whitsundoles Farm , Broughton Road, Salford, Milton Keynes, MK17 8BU.
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:
Leasehold 25% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% on cost
2.4. 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.
2.5. 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.
...CONTINUED
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2.5. 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.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 20,298 156,287 140,115 14,805 331,505
Additions 18,052 23,346 - 7,350 48,748
As at 30 November 2024 38,350 179,633 140,115 22,155 380,253
Depreciation
As at 1 December 2023 9,494 100,460 40,576 7,275 157,805
Provided during the period 3,002 17,278 24,885 4,985 50,150
As at 30 November 2024 12,496 117,738 65,461 12,260 207,955
Net Book Value
As at 30 November 2024 25,854 61,895 74,654 9,895 172,298
As at 1 December 2023 10,804 55,827 99,539 7,530 173,700
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery - 4,277
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 December 2023 -
Additions 4,384
As at 30 November 2024 4,384
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 4,384
As at 1 December 2023 -
During the year the company aquired 100% of the share capital of Damn Good Expo BV a company incorporated in Belgium.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,856 90,125
Prepayments and accrued income 8,346 5,634
Other debtors 1,406 -
34,608 95,759
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,566
Trade creditors 90,629 88,934
Bank loans and overdrafts 77,082 77,082
Other taxes and social security 26,803 164,878
Other creditors 15,940 19,564
Accruals and deferred income 49,053 11,412
Amounts owed to group undertakings 351 -
259,858 365,436
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 75,450 152,532
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 3,566
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 32,000 36,000
11. Other Commitments
At 30 November 2024, the company had total commitments under non-cancellable property operating leases stretching for the next 2 years of £72,000 (2023: £120,000).
12. Directors Advances, Credits and Guarantees
Included in other creditors is £1,864 (2023: £1,492) due to a director . During the year the director advanced £84,830 to the company and recieved £84,457 in repayments from the company.
Included in other debtors is £105 (2023: £522 included in other creditors) due from another director. During the year the company advanced £84,709 and was repaid £84,082.
The above loans are unsecured, interest free and repayable on demand.
13. Related Party Transactions
Included in amounts owed to group undertakings is a loan of £351 (2023: £nil) due to Damn Good Expo BV.
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