Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12240449 Mr J J Mordecai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12240449 2023-10-31 12240449 2024-10-31 12240449 2023-11-01 2024-10-31 12240449 frs-core:CurrentFinancialInstruments 2024-10-31 12240449 frs-core:Non-currentFinancialInstruments 2024-10-31 12240449 frs-core:BetweenOneFiveYears 2024-10-31 12240449 frs-core:ComputerEquipment 2024-10-31 12240449 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12240449 frs-core:ComputerEquipment 2023-10-31 12240449 frs-core:FurnitureFittings 2024-10-31 12240449 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12240449 frs-core:FurnitureFittings 2023-10-31 12240449 frs-core:MotorVehicles 2024-10-31 12240449 frs-core:MotorVehicles 2023-11-01 2024-10-31 12240449 frs-core:MotorVehicles 2023-10-31 12240449 frs-core:PlantMachinery 2024-10-31 12240449 frs-core:PlantMachinery 2023-11-01 2024-10-31 12240449 frs-core:PlantMachinery 2023-10-31 12240449 frs-core:WithinOneYear 2024-10-31 12240449 frs-core:ShareCapital 2024-10-31 12240449 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12240449 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12240449 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12240449 frs-bus:SmallEntities 2023-11-01 2024-10-31 12240449 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12240449 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12240449 frs-bus:Director1 2023-11-01 2024-10-31 12240449 frs-countries:EnglandWales 2023-11-01 2024-10-31 12240449 2022-10-31 12240449 2023-10-31 12240449 2022-11-01 2023-10-31 12240449 frs-core:CurrentFinancialInstruments 2023-10-31 12240449 frs-core:Non-currentFinancialInstruments 2023-10-31 12240449 frs-core:BetweenOneFiveYears 2023-10-31 12240449 frs-core:WithinOneYear 2023-10-31 12240449 frs-core:ShareCapital 2023-10-31 12240449 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12240449
DM Bear Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12240449
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,165 38,978
31,165 38,978
CURRENT ASSETS
Debtors 5 121 122
Cash at bank and in hand 705 624
826 746
Creditors: Amounts Falling Due Within One Year 6 (58,299 ) (43,382 )
NET CURRENT ASSETS (LIABILITIES) (57,473 ) (42,636 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,308 ) (3,658 )
Creditors: Amounts Falling Due After More Than One Year 7 (5,582 ) (18,761 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,938 ) (7,423 )
NET LIABILITIES (37,828 ) (29,842 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (37,928 ) (29,942 )
SHAREHOLDERS' FUNDS (37,828) (29,842)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 J J Mordecai
Director
25/07/2025
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
DM Bear Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12240449 . The registered office is Henstaff Court Llantrisant Road, Groesfaen, Cardiff, CF72 8NG.
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
The company is currently running on negative reserves. However, the company is still a going concern and being funded by the director.
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 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on 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 the profit and loss account as incurred.
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: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 35,513 25,165 536 1,573 62,787
As at 31 October 2024 35,513 25,165 536 1,573 62,787
Depreciation
As at 1 November 2023 17,642 5,033 316 818 23,809
Provided during the period 3,592 4,026 44 151 7,813
As at 31 October 2024 21,234 9,059 360 969 31,622
Net Book Value
As at 31 October 2024 14,279 16,106 176 604 31,165
As at 1 November 2023 17,871 20,132 220 755 38,978
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 121 122
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,174 5,174
Bank loans and overdrafts 8,001 7,997
Other creditors 45,124 30,208
Taxation and social security - 3
58,299 43,382
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 920 6,094
Bank loans 4,662 12,667
5,582 18,761
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,174 5,174
Later than one year and not later than five years 920 6,094
6,094 11,268
6,094 11,268
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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