Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 04758199 Mr C Duce P Duce W Duce Miss L Duce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04758199 2024-05-31 04758199 2025-05-31 04758199 2024-06-01 2025-05-31 04758199 frs-core:CurrentFinancialInstruments 2025-05-31 04758199 frs-core:FurnitureFittings 2025-05-31 04758199 frs-core:FurnitureFittings 2024-06-01 2025-05-31 04758199 frs-core:FurnitureFittings 2024-05-31 04758199 frs-core:NetGoodwill 2025-05-31 04758199 frs-core:NetGoodwill 2024-06-01 2025-05-31 04758199 frs-core:NetGoodwill 2024-05-31 04758199 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-05-31 04758199 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 04758199 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 04758199 frs-core:MotorVehicles 2025-05-31 04758199 frs-core:MotorVehicles 2024-06-01 2025-05-31 04758199 frs-core:MotorVehicles 2024-05-31 04758199 frs-core:PlantMachinery 2025-05-31 04758199 frs-core:PlantMachinery 2024-06-01 2025-05-31 04758199 frs-core:PlantMachinery 2024-05-31 04758199 frs-core:ShareCapital 2025-05-31 04758199 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 04758199 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04758199 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 04758199 frs-bus:SmallEntities 2024-06-01 2025-05-31 04758199 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 04758199 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04758199 frs-bus:Director1 2024-06-01 2025-05-31 04758199 frs-bus:Director1 2024-05-31 04758199 frs-bus:Director1 2025-05-31 04758199 frs-bus:Director2 2024-06-01 2025-05-31 04758199 frs-bus:Director2 2024-05-31 04758199 frs-bus:Director2 2025-05-31 04758199 frs-bus:Director3 2024-06-01 2025-05-31 04758199 frs-bus:Director3 2024-05-31 04758199 frs-bus:Director3 2025-05-31 04758199 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 04758199 frs-countries:EnglandWales 2024-06-01 2025-05-31 04758199 2023-05-31 04758199 2024-05-31 04758199 2023-06-01 2024-05-31 04758199 frs-core:CurrentFinancialInstruments 2024-05-31 04758199 frs-core:ShareCapital 2024-05-31 04758199 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 04758199
William Duce Limited
Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04758199
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 95,106 119,119
95,106 119,119
CURRENT ASSETS
Stocks 6 2,440 2,440
Debtors 7 367,591 479,584
Cash at bank and in hand 77,045 261,005
447,076 743,029
Creditors: Amounts Falling Due Within One Year 8 (216,073 ) (257,240 )
NET CURRENT ASSETS (LIABILITIES) 231,003 485,789
TOTAL ASSETS LESS CURRENT LIABILITIES 326,109 604,908
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,000 ) (30,000 )
NET ASSETS 302,109 574,908
CAPITAL AND RESERVES
Called up share capital 9 302 302
Profit and Loss Account 301,807 574,606
SHAREHOLDERS' FUNDS 302,109 574,908
Page 1
Page 2
For the year ending 31 May 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 C Duce
Director
10 July 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
William Duce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04758199 . The registered office is Unit 4b Swinton Meadows Industrial Estate, Swinton, Mexborough, S64 8AB.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 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 5 years straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% reducing balance
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.
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: 12 (2024: 13)
12 13
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 30,000
As at 31 May 2025 30,000
Amortisation
As at 1 June 2024 30,000
As at 31 May 2025 30,000
Net Book Value
As at 31 May 2025 -
As at 1 June 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 June 2024 20,417 24,370 220,413 8,553 273,753
Additions - 600 - - 600
Disposals - - (18,830 ) - (18,830 )
As at 31 May 2025 20,417 24,970 201,583 8,553 255,523
Depreciation
As at 1 June 2024 20,417 21,384 107,821 5,012 154,634
Provided during the period - 766 22,290 1,167 24,223
Disposals - - (18,440 ) - (18,440 )
As at 31 May 2025 20,417 22,150 111,671 6,179 160,417
Net Book Value
As at 31 May 2025 - 2,820 89,912 2,374 95,106
As at 1 June 2024 - 2,986 112,592 3,541 119,119
6. Stocks
2025 2024
£ £
Stock 2,440 2,440
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 359,114 478,042
Other debtors 8,477 1,542
367,591 479,584
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 69,429 75,602
Other creditors 57,043 44,161
Taxation and social security 89,601 137,477
216,073 257,240
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 302 302
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Christopher Duce 4,550 - 4,550 - -
Patricia Duce 696 1,500 2,196 - -
William Duce 696 1,500 2,196 - -
The above loans weres unsecured, interest free and repayable on demand.
Page 5