Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10622078 Mr Ian Dominic Latham Mrs Helen Latham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10622078 2024-02-29 10622078 2025-02-28 10622078 2024-03-01 2025-02-28 10622078 frs-core:CurrentFinancialInstruments 2025-02-28 10622078 frs-core:Non-currentFinancialInstruments 2025-02-28 10622078 frs-core:BetweenOneFiveYears 2025-02-28 10622078 frs-core:FurnitureFittings 2025-02-28 10622078 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10622078 frs-core:FurnitureFittings 2024-02-29 10622078 frs-core:MotorVehicles 2025-02-28 10622078 frs-core:MotorVehicles 2024-03-01 2025-02-28 10622078 frs-core:MotorVehicles 2024-02-29 10622078 frs-core:WithinOneYear 2025-02-28 10622078 frs-core:ShareCapital 2025-02-28 10622078 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10622078 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10622078 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10622078 frs-bus:SmallEntities 2024-03-01 2025-02-28 10622078 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10622078 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10622078 frs-bus:Director1 2024-03-01 2025-02-28 10622078 frs-bus:Director2 2024-03-01 2025-02-28 10622078 frs-countries:EnglandWales 2024-03-01 2025-02-28 10622078 2023-02-28 10622078 2024-02-29 10622078 2023-03-01 2024-02-29 10622078 frs-core:CurrentFinancialInstruments 2024-02-29 10622078 frs-core:Non-currentFinancialInstruments 2024-02-29 10622078 frs-core:BetweenOneFiveYears 2024-02-29 10622078 frs-core:MotorVehicles 2023-03-01 2024-02-29 10622078 frs-core:WithinOneYear 2024-02-29 10622078 frs-core:ShareCapital 2024-02-29 10622078 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10622078
Dom Latham Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10622078
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,780 19,682
33,780 19,682
CURRENT ASSETS
Debtors 5 16,989 26,112
Cash at bank and in hand 3 3,426
16,992 29,538
Creditors: Amounts Falling Due Within One Year 6 (42,858 ) (36,546 )
NET CURRENT ASSETS (LIABILITIES) (25,866 ) (7,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,914 12,674
Creditors: Amounts Falling Due After More Than One Year 7 (16,451 ) (7,234 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,367 ) (3,698 )
NET (LIABILITIES)/ASSETS (14,904 ) 1,742
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (14,914 ) 1,732
SHAREHOLDERS' FUNDS (14,904) 1,742
Page 1
Page 2
For the year ending 28 February 2025 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 Ian Dominic Latham
Director
10/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dom Latham Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10622078 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
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
Equipment 25% 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. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2025 2024
Office and administration 2 2
2 2
4. Tangible Assets
Motor Vehicles Equipment Total
£ £ £
Cost
As at 1 March 2024 18,815 42,468 61,283
Additions - 25,357 25,357
As at 28 February 2025 18,815 67,825 86,640
Depreciation
As at 1 March 2024 10,878 30,723 41,601
Provided during the period 1,984 9,275 11,259
As at 28 February 2025 12,862 39,998 52,860
Net Book Value
As at 28 February 2025 5,953 27,827 33,780
As at 1 March 2024 7,937 11,745 19,682
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles - 7,938
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,580 8,095
Prepayments and accrued income 916 1,469
Cash In Transit - 1,050
VAT 4,493 -
Directors' loan accounts - 15,498
16,989 26,112
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,710 5,380
Bank loans and overdrafts 15,301 15,280
Corporation tax (6,586 ) 6,678
PAYE Control 419 419
VAT - 3,508
Wages Control 2,724 1,886
Accruals and deferred income 124 3,395
Directors' loan accounts 24,166 -
42,858 36,546
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,750 1,033
Bank loans 2,701 6,201
16,451 7,234
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,710 5,380
Later than one year and not later than five years 13,750 1,033
20,460 6,413
20,460 6,413
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
10. Related Party Transactions
The company is controlled by Mr & Mrs Latham, directors & shareholders of the company.
The balance on the directors’ loan account at 28th February 2025 was £24,166 from the company (2024 - £15,498 to the company).
The directors have given a personal guarantee in respect of the bank overdraft for £12,500.
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