Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 6 March 2023 false 1 January 2024 31 December 2024 31 December 2024 14706804 Mr Martyn Simpson Mr Christopher Tanner Mr Jack Wallis Mr Liam West iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14706804 2023-12-31 14706804 2024-12-31 14706804 2024-01-01 2024-12-31 14706804 frs-core:CurrentFinancialInstruments 2024-12-31 14706804 frs-core:Non-currentFinancialInstruments 2024-12-31 14706804 frs-core:ComputerEquipment 2024-12-31 14706804 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14706804 frs-core:ComputerEquipment 2023-12-31 14706804 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 14706804 frs-core:FurnitureFittings 2024-12-31 14706804 frs-core:FurnitureFittings 2024-01-01 2024-12-31 14706804 frs-core:FurnitureFittings 2023-12-31 14706804 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 14706804 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 14706804 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 14706804 frs-core:OtherResidualIntangibleAssets 2024-12-31 14706804 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 14706804 frs-core:OtherResidualIntangibleAssets 2023-12-31 14706804 frs-core:PlantMachinery 2024-12-31 14706804 frs-core:PlantMachinery 2024-01-01 2024-12-31 14706804 frs-core:PlantMachinery 2023-12-31 14706804 frs-core:SharePremium 2024-12-31 14706804 frs-core:ShareCapital 2024-12-31 14706804 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14706804 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14706804 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14706804 frs-bus:SmallEntities 2024-01-01 2024-12-31 14706804 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14706804 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14706804 frs-bus:Director1 2024-01-01 2024-12-31 14706804 frs-bus:Director2 2024-01-01 2024-12-31 14706804 frs-bus:Director3 2024-01-01 2024-12-31 14706804 frs-bus:Director4 2024-01-01 2024-12-31 14706804 frs-countries:EnglandWales 2024-01-01 2024-12-31 14706804 2023-03-05 14706804 2023-12-31 14706804 2023-03-06 2023-12-31 14706804 frs-core:CurrentFinancialInstruments 2023-12-31 14706804 frs-core:Non-currentFinancialInstruments 2023-12-31 14706804 frs-core:SharePremium 2023-12-31 14706804 frs-core:ShareCapital 2023-12-31 14706804 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14706804
The Dram London Ltd
Financial Statements
For The Year Ended 31 December 2024
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14706804
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,989 13,923
Tangible Assets 5 338,562 179,955
351,551 193,878
CURRENT ASSETS
Stocks 6 51,673 39,573
Debtors 7 113,089 6,060
Cash at bank and in hand 10,972 109,529
175,734 155,162
Creditors: Amounts Falling Due Within One Year 8 (272,754 ) (74,005 )
NET CURRENT ASSETS (LIABILITIES) (97,020 ) 81,157
TOTAL ASSETS LESS CURRENT LIABILITIES 254,531 275,035
Creditors: Amounts Falling Due After More Than One Year 9 (389,931 ) (253,223 )
NET (LIABILITIES)/ASSETS (135,400 ) 21,812
CAPITAL AND RESERVES
Called up share capital 10 119 100
Share premium account 274,881 99,988
Profit and Loss Account (410,400 ) (78,276 )
SHAREHOLDERS' FUNDS (135,400) 21,812
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Page 2
For the year ending 31 December 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 Martyn Simpson
Director
17/06/2025
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
The Dram London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14706804 . The registered office is 25c Westbourne Terrace Road, London, W2 6NF.
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. Going Concern Disclosure
These finacial statements have been prepared on the going concern basis. The business has recorded trading losses for a second successive year, however the Directors and stakeholders remain confident that the company will see both the projected growth, and increased revenues in the next year. They will continue to fund the company, where necessary, over the next 12 months and beyond.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are branding and website infrastructure. It is amortised to profit and loss account over its estimated economic life of 15 years.
2.5. 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 15 years straight line
Plant & Machinery 5 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 5 years straight line
2.6. Stocks and Work in Progress
Stocks 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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: NIL)
11 -
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4. Intangible Assets
Other
£
Cost
As at 1 January 2024 14,000
As at 31 December 2024 14,000
Amortisation
As at 1 January 2024 77
Provided during the period 934
As at 31 December 2024 1,011
Net Book Value
As at 31 December 2024 12,989
As at 1 January 2024 13,923
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 149,917 - 32,452 807 183,176
Additions 184,991 2,276 3,195 - 190,462
Disposals - - (8,057 ) - (8,057 )
As at 31 December 2024 334,908 2,276 27,590 807 365,581
Depreciation
As at 1 January 2024 2,162 - 1,023 36 3,221
Provided during the period 18,535 4 6,870 269 25,678
Disposals - - (1,880 ) - (1,880 )
As at 31 December 2024 20,697 4 6,013 305 27,019
Net Book Value
As at 31 December 2024 314,211 2,272 21,577 502 338,562
As at 1 January 2024 147,755 - 31,429 771 179,955
6. Stocks
31 December 2024 31 December 2023
£ £
Stock 51,673 39,573
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7. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 1,485 -
Amounts owed by group undertakings 18,646 (49,379)
Other debtors 44,958 55,439
65,089 6,060
Due after more than one year
Other debtors 48,000 -
113,089 6,060
8. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 29,539 38,259
Other loans 30,000 -
Amounts owed to group undertakings 34,265 -
Other creditors 108,935 18,679
Taxation and social security 70,015 17,067
272,754 74,005
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Other loans 256,203 253,223
Other creditors 133,728 -
389,931 253,223
10. Share Capital
31 December 2024 31 December 2023
£ £
Called Up Share Capital not Paid - 88
Called Up Share Capital has been paid up 119 12
Amount of Allotted, Called Up Share Capital 119 100
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