Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08845470 Mr A Hewlett Mr A Jennings Mr H Lough true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08845470 2023-12-31 08845470 2024-12-31 08845470 2024-01-01 2024-12-31 08845470 frs-core:CurrentFinancialInstruments 2024-12-31 08845470 frs-core:Non-currentFinancialInstruments 2024-12-31 08845470 frs-core:BetweenOneFiveYears 2024-12-31 08845470 frs-core:ComputerEquipment 2024-12-31 08845470 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08845470 frs-core:ComputerEquipment 2023-12-31 08845470 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08845470 frs-core:FurnitureFittings 2024-12-31 08845470 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08845470 frs-core:FurnitureFittings 2023-12-31 08845470 frs-core:NetGoodwill 2024-12-31 08845470 frs-core:NetGoodwill 2024-01-01 2024-12-31 08845470 frs-core:NetGoodwill 2023-12-31 08845470 frs-core:OtherResidualIntangibleAssets 2024-12-31 08845470 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 08845470 frs-core:OtherResidualIntangibleAssets 2023-12-31 08845470 frs-core:PlantMachinery 2024-12-31 08845470 frs-core:PlantMachinery 2024-01-01 2024-12-31 08845470 frs-core:PlantMachinery 2023-12-31 08845470 frs-core:WithinOneYear 2024-12-31 08845470 frs-core:OtherReservesSubtotal 2024-12-31 08845470 frs-core:SharePremium 2024-12-31 08845470 frs-core:ShareCapital 2024-12-31 08845470 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08845470 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08845470 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08845470 frs-bus:SmallEntities 2024-01-01 2024-12-31 08845470 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08845470 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08845470 1 2024-01-01 2024-12-31 08845470 frs-bus:Director1 2024-01-01 2024-12-31 08845470 frs-bus:Director2 2024-01-01 2024-12-31 08845470 frs-bus:Director3 2024-01-01 2024-12-31 08845470 frs-countries:EnglandWales 2024-01-01 2024-12-31 08845470 2022-12-31 08845470 2023-12-31 08845470 2023-01-01 2023-12-31 08845470 frs-core:CurrentFinancialInstruments 2023-12-31 08845470 frs-core:Non-currentFinancialInstruments 2023-12-31 08845470 frs-core:BetweenOneFiveYears 2023-12-31 08845470 frs-core:WithinOneYear 2023-12-31 08845470 frs-core:OtherReservesSubtotal 2023-12-31 08845470 frs-core:SharePremium 2023-12-31 08845470 frs-core:ShareCapital 2023-12-31 08845470 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08845470
Duke & Dexter Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 08845470
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 37,519 26,672
Tangible Assets 5 14,482 14,914
52,001 41,586
CURRENT ASSETS
Stocks 6 418,614 357,785
Debtors 7 266,184 192,672
Cash at bank and in hand 1,245,054 1,749,011
1,929,852 2,299,468
Creditors: Amounts Falling Due Within One Year 8 (598,494 ) (441,018 )
NET CURRENT ASSETS (LIABILITIES) 1,331,358 1,858,450
TOTAL ASSETS LESS CURRENT LIABILITIES 1,383,359 1,900,036
Creditors: Amounts Falling Due After More Than One Year 9 (582,426 ) (537,175 )
NET ASSETS 800,933 1,362,861
CAPITAL AND RESERVES
Called up share capital 26 26
Share premium account 5,576,527 5,576,527
Other reserves 11,877 -
Income Statement (4,787,497 ) (4,213,692 )
SHAREHOLDERS' FUNDS 800,933 1,362,861
Page 1
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 Income Statement.
On behalf of the board
Mr A Hewlett
Director
4 August 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Duke & Dexter Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08845470 . The registered office is Upperton Farm, Upperton, Nr Watlington, OX49 5PB.

The presentation currency of the financial statements is the Pound Sterling (£).
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 directors have reviewed the company's forecasts and projections for the next 12 months, which indicate that the company will have sufficient cash reserves and operating cash flows to meet its obligations as they fall due. The directors are confident that with continued support from its shareholders, the company will continue as a going concern for the foreseeable future. The directors do no consider there to be any material uncertainty in relation to going concern.
2.3. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.
2.4. 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.
2.5. 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 income statement over its estimated economic life of two years.
2.6. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.
2.7. 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 Straight line over 4 years
Fixtures & Fittings Straight line over 4 years
Computer Equipment Straight line over 3 years
2.8. 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.
Page 3
Page 4
2.9. Financial Instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.
2.10. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.11. 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.
Page 4
Page 5
2.12. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.13. Share-based payments
The company issues share-based payments to certain employees. These are measured at fair value at the grant date and recognised as an expense over the vesting period. The corresponding entry is made to equity. The fair value is based on the estimated value of the shares or options granted, taking into account any performance or service conditions.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 11,000 55,395 66,395
Additions - 39,000 39,000
As at 31 December 2024 11,000 94,395 105,395
Amortisation
As at 1 January 2024 11,000 28,723 39,723
Provided during the period - 28,153 28,153
As at 31 December 2024 11,000 56,876 67,876
Net Book Value
As at 31 December 2024 - 37,519 37,519
As at 1 January 2024 - 26,672 26,672
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 7,785 10,548 28,197 46,530
Additions 338 388 6,297 7,023
As at 31 December 2024 8,123 10,936 34,494 53,553
Depreciation
As at 1 January 2024 452 10,548 20,616 31,616
Provided during the period 2,669 107 4,679 7,455
As at 31 December 2024 3,121 10,655 25,295 39,071
Net Book Value
As at 31 December 2024 5,002 281 9,199 14,482
As at 1 January 2024 7,333 - 7,581 14,914
Page 5
Page 6
6. Stocks
2024 2023
£ £
Stock 418,614 357,785
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 148,756 107,553
Other debtors 117,428 85,119
266,184 192,672
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 93,053 155,110
Bank loans and overdrafts 15,628 25,736
Other creditors 397,330 229,854
Taxation and social security 92,483 30,318
598,494 441,018
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 582,426 537,175
Other loans consists of a convertible loan note which is measured at fair value through profit or loss using the effective interest rate method. The coupon interest rate is 10%. 
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 95,386 -
Later than one year and not later than five years 23,847 -
119,233 -
11. Ultimate Controlling Party
There is no ultimate controlling party
Page 6
Page 7
12. Share-based Payment Transactions
The Company operates an Approved EMI Share Option Plan where certain employees are granted options to purchase shares in the company. On exercise of the options by the employees, the Company issues new shares.
The options are only exercisable on exit - the options have a maximum period of 10 years before they lapse.
The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year under the Approved EMI Share Option Plan.

2024
2024
2023
2023
No.
image
WAEP £
image
No. 
image
WAEP £
image
Outstanding as at 1st January
1.160
5.57
4,474
5.57
Granted during the year
13,428
7.10
-
-
Lapsed in the year
-
-
3,314
5.57
Outstanding at 31 December
14,588
image
6.98
image
1,160
image
5.57
image
Exercisable at 31 December
9,692
image
6.92
image
1,160
image
5.57
image



The Company is unable to directly measure the fair value of employee services received. Instead the fair value of the share options granted during the year is determined using the Black-Scholes model.

A charge of £11,877 was recognied during the year.
Page 7