Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06245037 Mr Digby Player Mr Graham Jones Mr Willem Van Rooy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06245037 2023-09-30 06245037 2024-09-30 06245037 2023-10-01 2024-09-30 06245037 frs-core:CurrentFinancialInstruments 2024-09-30 06245037 frs-core:Non-currentFinancialInstruments 2024-09-30 06245037 frs-core:ComputerEquipment 2024-09-30 06245037 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06245037 frs-core:ComputerEquipment 2023-09-30 06245037 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 06245037 frs-core:FurnitureFittings 2024-09-30 06245037 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06245037 frs-core:FurnitureFittings 2023-09-30 06245037 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 06245037 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 06245037 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 06245037 frs-core:OtherResidualIntangibleAssets 2024-09-30 06245037 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 06245037 frs-core:OtherResidualIntangibleAssets 2023-09-30 06245037 frs-core:PlantMachinery 2024-09-30 06245037 frs-core:PlantMachinery 2023-10-01 2024-09-30 06245037 frs-core:PlantMachinery 2023-09-30 06245037 frs-core:SharePremium 2024-09-30 06245037 frs-core:ShareCapital 2024-09-30 06245037 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06245037 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06245037 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06245037 frs-bus:SmallEntities 2023-10-01 2024-09-30 06245037 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06245037 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06245037 frs-bus:Director1 2023-10-01 2024-09-30 06245037 frs-bus:Director1 2023-09-30 06245037 frs-bus:Director1 2024-09-30 06245037 frs-bus:Director2 2023-10-01 2024-09-30 06245037 frs-bus:Director3 2023-10-01 2024-09-30 06245037 frs-countries:EnglandWales 2023-10-01 2024-09-30 06245037 2022-09-30 06245037 2023-09-30 06245037 2022-10-01 2023-09-30 06245037 frs-core:CurrentFinancialInstruments 2023-09-30 06245037 frs-core:Non-currentFinancialInstruments 2023-09-30 06245037 frs-core:SharePremium 2023-09-30 06245037 frs-core:ShareCapital 2023-09-30 06245037 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06245037
Digby Associates Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06245037
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,194,805 1,449,799
Tangible Assets 5 29,044 29,871
1,223,849 1,479,670
CURRENT ASSETS
Debtors 6 372,851 277,410
Cash at bank and in hand 99,125 43,281
471,976 320,691
Creditors: Amounts Falling Due Within One Year 7 (711,889 ) (796,309 )
NET CURRENT ASSETS (LIABILITIES) (239,913 ) (475,618 )
TOTAL ASSETS LESS CURRENT LIABILITIES 983,936 1,004,052
Creditors: Amounts Falling Due After More Than One Year 8 (745,430 ) (901,295 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,162 ) (5,493 )
NET ASSETS 232,344 97,264
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 4,227 2,129
Profit and Loss Account 228,017 95,035
SHAREHOLDERS' FUNDS 232,344 97,264
Page 1
Page 2
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 Digby Player
Director
11/06/2025
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
Digby Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06245037 . The registered office is 57 Queen Square, Bristol, BS1 4LF.
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 - Other Intangible
Other intangible assets are .... 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:
Leasehold 20% straight line
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
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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.
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: 22 (2023: 24)
22 24
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 2,089,540
Disposals (52,558 )
As at 30 September 2024 2,036,982
Amortisation
As at 1 October 2023 639,741
Provided during the period 202,436
As at 30 September 2024 842,177
Net Book Value
As at 30 September 2024 1,194,805
As at 1 October 2023 1,449,799
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 5,608 26,550 54,099 42,548 128,805
Additions - - 1,032 6,480 7,512
Disposals - (210 ) (7,262 ) (15,784 ) (23,256 )
As at 30 September 2024 5,608 26,340 47,869 33,244 113,061
Depreciation
As at 1 October 2023 5,608 20,993 44,143 28,190 98,934
Provided during the period - 1,051 1,191 3,413 5,655
Disposals - (168 ) (6,593 ) (13,811 ) (20,572 )
As at 30 September 2024 5,608 21,876 38,741 17,792 84,017
Net Book Value
As at 30 September 2024 - 4,464 9,128 15,452 29,044
As at 1 October 2023 - 5,557 9,956 14,358 29,871
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,311 2,258
Other debtors 371,540 275,152
372,851 277,410
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,651 31,725
Bank loans and overdrafts 20,009 25,461
Other loans 255,572 464,632
Other creditors 180,081 123,038
Taxation and social security 232,576 151,453
711,889 796,309
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,679 41,483
Other loans 718,751 859,812
745,430 901,295
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. 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 Digby Player (8,417 ) 28,417 595 - 19,405
The above loan has subsequently been repaid in full after the balance sheet date.
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