Acorah Software Products - Accounts Production 16.4.660 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11281205 Mr Leon Anderson Mr Paul Fearon Mr Gareth Gillatt Mr Adam Walsh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11281205 2024-03-31 11281205 2025-03-31 11281205 2024-04-01 2025-03-31 11281205 frs-core:CurrentFinancialInstruments 2025-03-31 11281205 frs-core:Non-currentFinancialInstruments 2025-03-31 11281205 frs-core:PlantMachinery 2025-03-31 11281205 frs-core:PlantMachinery 2024-04-01 2025-03-31 11281205 frs-core:PlantMachinery 2024-03-31 11281205 frs-core:ShareCapital 2025-03-31 11281205 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11281205 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11281205 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11281205 frs-bus:SmallEntities 2024-04-01 2025-03-31 11281205 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11281205 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11281205 frs-bus:Director1 2024-04-01 2025-03-31 11281205 frs-bus:Director2 2024-04-01 2025-03-31 11281205 frs-bus:Director3 2024-04-01 2025-03-31 11281205 frs-bus:Director4 2024-04-01 2025-03-31 11281205 frs-countries:EnglandWales 2024-04-01 2025-03-31 11281205 2023-03-31 11281205 2024-03-31 11281205 2023-04-01 2024-03-31 11281205 frs-core:CurrentFinancialInstruments 2024-03-31 11281205 frs-core:Non-currentFinancialInstruments 2024-03-31 11281205 frs-core:ShareCapital 2024-03-31 11281205 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11281205
Due Diligence Apparel Ltd
Financial Statements
For The Year Ended 31 March 2025
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11281205
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 391 521
391 521
CURRENT ASSETS
Stocks 5 - 24,146
Debtors 6 34,791 34,698
Cash at bank and in hand 32,273 4,904
67,064 63,748
Creditors: Amounts Falling Due Within One Year 7 (264,367 ) (283,029 )
NET CURRENT ASSETS (LIABILITIES) (197,303 ) (219,281 )
TOTAL ASSETS LESS CURRENT LIABILITIES (196,912 ) (218,760 )
Creditors: Amounts Falling Due After More Than One Year 8 (17,768 ) (24,124 )
NET LIABILITIES (214,680 ) (242,884 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (214,780 ) (242,984 )
SHAREHOLDERS' FUNDS (214,680) (242,884)
Page 1
Page 2
For the year ending 31 March 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 Paul Fearon
Director
14/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Due Diligence Apparel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11281205 . The registered office is 1st Floor Virgate Accounts, Olympus House, Gloucester, GL2 4NF.
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:
Plant & Machinery 25% Reducing balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 2,775
As at 31 March 2025 2,775
...CONTINUED
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Depreciation
As at 1 April 2024 2,254
Provided during the period 130
As at 31 March 2025 2,384
Net Book Value
As at 31 March 2025 391
As at 1 April 2024 521
5. Stocks
2025 2024
£ £
Stock - 24,146
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 305 28,165
Prepayments and accrued income - 4,587
Other debtors 20,046 -
VAT 190 11
20,541 32,763
Due after more than one year
Amounts owed by group undertakings 14,250 1,935
34,791 34,698
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 28,291
Bank loans and overdrafts 14,275 13,159
Other creditors 197,852 197,851
Accruals and deferred income - 42
Directors' loan accounts 49,144 42,561
Amounts owed to group undertakings 3,096 1,125
264,367 283,029
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 17,768 24,124
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4