Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 NI694651 Mr Matthew Dorman Mr Peter Dorman Mr Peter Dorman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI694651 2024-02-28 NI694651 2025-02-28 NI694651 2024-02-29 2025-02-28 NI694651 frs-core:CurrentFinancialInstruments 2025-02-28 NI694651 frs-core:Non-currentFinancialInstruments 2025-02-28 NI694651 frs-core:BetweenOneFiveYears 2025-02-28 NI694651 frs-core:ComputerEquipment 2025-02-28 NI694651 frs-core:ComputerEquipment 2024-02-29 2025-02-28 NI694651 frs-core:ComputerEquipment 2024-02-28 NI694651 frs-core:MotorVehicles 2025-02-28 NI694651 frs-core:MotorVehicles 2024-02-29 2025-02-28 NI694651 frs-core:MotorVehicles 2024-02-28 NI694651 frs-core:PlantMachinery 2025-02-28 NI694651 frs-core:PlantMachinery 2024-02-29 2025-02-28 NI694651 frs-core:PlantMachinery 2024-02-28 NI694651 frs-core:WithinOneYear 2025-02-28 NI694651 frs-core:ShareCapital 2025-02-28 NI694651 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 NI694651 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 NI694651 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 NI694651 frs-bus:SmallEntities 2024-02-29 2025-02-28 NI694651 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 NI694651 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 NI694651 frs-bus:Director1 2024-02-29 2025-02-28 NI694651 frs-bus:Director2 2024-02-29 2025-02-28 NI694651 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 NI694651 frs-countries:NorthernIreland 2024-02-29 2025-02-28 NI694651 2023-02-28 NI694651 2024-02-28 NI694651 2023-03-01 2024-02-28 NI694651 frs-core:CurrentFinancialInstruments 2024-02-28 NI694651 frs-core:Non-currentFinancialInstruments 2024-02-28 NI694651 frs-core:BetweenOneFiveYears 2024-02-28 NI694651 frs-core:WithinOneYear 2024-02-28 NI694651 frs-core:ShareCapital 2024-02-28 NI694651 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: NI694651
Drumhill Tractors (Lisburn) Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI694651
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,631 1,695
22,631 1,695
CURRENT ASSETS
Stocks 5 70,450 57,330
Debtors 6 16,031 20,340
Cash at bank and in hand 11,326 26,095
97,807 103,765
Creditors: Amounts Falling Due Within One Year 7 (92,013 ) (89,610 )
NET CURRENT ASSETS (LIABILITIES) 5,794 14,155
TOTAL ASSETS LESS CURRENT LIABILITIES 28,425 15,850
Creditors: Amounts Falling Due After More Than One Year 8 (17,595 ) -
NET ASSETS 10,830 15,850
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 10,828 15,848
SHAREHOLDERS' FUNDS 10,830 15,850
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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 Matthew Dorman
Director
04/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Drumhill Tractors (Lisburn) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI694651 . The registered office is 56 Tullyard Road, Lisburn, BT27 5JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The Disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include revaluation of freehold properties and to include investment properties and certain finanical instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer 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. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated seliing price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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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. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 29 February 2024 1,736 - 524 2,260
Additions 2,442 46,500 537 49,479
Disposals - (21,000 ) - (21,000 )
As at 28 February 2025 4,178 25,500 1,061 30,739
Depreciation
As at 29 February 2024 434 - 131 565
Provided during the period 936 6,375 232 7,543
As at 28 February 2025 1,370 6,375 363 8,108
Net Book Value
As at 28 February 2025 2,808 19,125 698 22,631
As at 29 February 2024 1,302 - 393 1,695
5. Stocks
2025 2024
£ £
Stock 70,450 57,330
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,031 20,340
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,590 -
Trade creditors 60,014 56,165
Other creditors 12,485 13,746
Taxation and social security 14,924 19,699
92,013 89,610
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 17,595 -
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,590 -
Later than one year and not later than five years 17,595 -
22,185 -
22,185 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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