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Registered number: 12593143
DIGI Accountancy Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12593143
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,250 1,477
Tangible Assets 5 7,947 9,471
9,197 10,948
CURRENT ASSETS
Debtors 6 40,388 35,410
Cash at bank and in hand 95,932 63,333
136,320 98,743
Creditors: Amounts Falling Due Within One Year 7 (65,037 ) (64,672 )
NET CURRENT ASSETS (LIABILITIES) 71,283 34,071
TOTAL ASSETS LESS CURRENT LIABILITIES 80,480 45,019
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,987 ) (2,737 )
NET ASSETS 78,493 42,282
CAPITAL AND RESERVES
Called up share capital 8 400 400
Profit and Loss Account 78,093 41,882
SHAREHOLDERS' FUNDS 78,493 42,282
Page 1
Page 2
For the year ending 31 January 2025 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
A Rawling
Director
14/08/2025
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
DIGI Accountancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12593143 . The registered office is Sun House, 2-4 Little Peter Street, Manchester, M15 4PS.
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. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There have been no judgements, estimates or assumptions made in the preparation of these financial statements.
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.
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 capitalised website development costs. It is amortised to profit and loss account over its estimated economic life of 10 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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
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. 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.
...CONTINUED
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2.6. Taxation - continued
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: 8 (2024: 7)
8 7
4. Intangible Assets
Other
£
Cost
As at 1 February 2024 2,275
As at 31 January 2025 2,275
Amortisation
As at 1 February 2024 798
Provided during the period 227
As at 31 January 2025 1,025
Net Book Value
As at 31 January 2025 1,250
As at 1 February 2024 1,477
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 7,545 8,034 15,579
Additions 232 2,418 2,650
As at 31 January 2025 7,777 10,452 18,229
Depreciation
As at 1 February 2024 2,990 3,118 6,108
Provided during the period 1,915 2,259 4,174
As at 31 January 2025 4,905 5,377 10,282
Net Book Value
As at 31 January 2025 2,872 5,075 7,947
As at 1 February 2024 4,555 4,916 9,471
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Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 34,110 29,426
Prepayments and accrued income 3,333 3,784
Other debtors 2,945 2,200
40,388 35,410
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 647 919
Other taxes and social security 61,514 42,095
Other creditors 2,552 21,635
Director's loan account 324 23
65,037 64,672
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 400 400
9. Exceptional Items
An amount of £40,300 owed to connected company Scan Accountancy Ltd, has been deemed not payable by the Director and therefore written off during this period.
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