Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09188124 Mr S M Allan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09188124 2023-08-31 09188124 2024-08-31 09188124 2023-09-01 2024-08-31 09188124 frs-core:CurrentFinancialInstruments 2024-08-31 09188124 frs-core:Non-currentFinancialInstruments 2024-08-31 09188124 frs-core:BetweenOneFiveYears 2024-08-31 09188124 frs-core:FurnitureFittings 2024-08-31 09188124 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09188124 frs-core:FurnitureFittings 2023-08-31 09188124 frs-core:MotorVehicles 2024-08-31 09188124 frs-core:MotorVehicles 2023-09-01 2024-08-31 09188124 frs-core:MotorVehicles 2023-08-31 09188124 frs-core:WithinOneYear 2024-08-31 09188124 frs-core:ShareCapital 2024-08-31 09188124 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09188124 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09188124 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09188124 frs-bus:SmallEntities 2023-09-01 2024-08-31 09188124 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09188124 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09188124 frs-bus:Director1 2023-09-01 2024-08-31 09188124 frs-core:CurrentFinancialInstruments 3 2024-08-31 09188124 frs-countries:EnglandWales 2023-09-01 2024-08-31 09188124 2022-08-31 09188124 2023-08-31 09188124 2022-09-01 2023-08-31 09188124 frs-core:CurrentFinancialInstruments 2023-08-31 09188124 frs-core:Non-currentFinancialInstruments 2023-08-31 09188124 frs-core:BetweenOneFiveYears 2023-08-31 09188124 frs-core:WithinOneYear 2023-08-31 09188124 frs-core:ShareCapital 2023-08-31 09188124 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09188124 frs-core:CurrentFinancialInstruments 3 2023-08-31
Registered number: 09188124
FDG Group Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09188124
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 85,631 109,765
85,631 109,765
CURRENT ASSETS
Stocks 5 380,000 618,000
Debtors 6 1,428,651 1,226,804
Cash at bank and in hand 12,656 2,267
1,821,307 1,847,071
Creditors: Amounts Falling Due Within One Year 7 (982,475 ) (841,086 )
NET CURRENT ASSETS (LIABILITIES) 838,832 1,005,985
TOTAL ASSETS LESS CURRENT LIABILITIES 924,463 1,115,750
Creditors: Amounts Falling Due After More Than One Year 8 (282,011 ) (304,690 )
NET ASSETS 642,452 811,060
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 642,352 810,960
SHAREHOLDERS' FUNDS 642,452 811,060
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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 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
Mr S M Allan
Director
29 May 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
FDG Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09188124 . The registered office is Fdg Hq Renewables House Foxhill Road, Carlton, Nottingham, NG4 1RZ.
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 25% reducing balance
Fixtures & Fittings 20% reducing balance
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. 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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2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 12)
9 12
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 195,932 43,821 239,753
Additions - 1,516 1,516
As at 31 August 2024 195,932 45,337 241,269
Depreciation
As at 1 September 2023 106,352 23,636 129,988
Provided during the period 22,395 3,255 25,650
As at 31 August 2024 128,747 26,891 155,638
Net Book Value
As at 31 August 2024 67,185 18,446 85,631
As at 1 September 2023 89,580 20,185 109,765
5. Stocks
2024 2023
£ £
Stock and work in progress 380,000 618,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,202,632 1,009,373
Prepayments and accrued income 10,500 10,500
Other debtors 108,253 126,777
VAT 18,248 80,154
Director's loan account 89,018 -
1,428,651 1,226,804
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 34,680 38,019
Trade creditors 365,065 385,900
Bank loans and overdrafts 162,966 200,863
Corporation tax 103,795 (124,106 )
Other taxes and social security 21,846 45,490
Other creditors 287,103 287,481
Pension creditor 712 769
Accruals and deferred income 6,308 6,308
Director's loan account - 362
982,475 841,086
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,401 61,080
Bank loans 243,610 243,610
282,011 304,690
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 34,680 38,019
Later than one year and not later than five years 38,401 61,080
73,081 99,099
73,081 99,099
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the balance sheet date, the amount owed from the director through the directors loan accounts was £89,018 (2023: £362 owed to the director).
The directors loan accounts are unsecured, interest free and repayable within 9 months and 1 day of the Financial year end. 
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