Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09302797 Mr Cosmin Croitoru Mr Stefan Negrisan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09302797 2023-11-30 09302797 2024-11-30 09302797 2023-12-01 2024-11-30 09302797 frs-core:CurrentFinancialInstruments 2024-11-30 09302797 frs-core:Non-currentFinancialInstruments 2024-11-30 09302797 frs-core:BetweenOneFiveYears 2024-11-30 09302797 frs-core:ComputerEquipment 2024-11-30 09302797 frs-core:ComputerEquipment 2023-12-01 2024-11-30 09302797 frs-core:ComputerEquipment 2023-11-30 09302797 frs-core:FurnitureFittings 2024-11-30 09302797 frs-core:FurnitureFittings 2023-12-01 2024-11-30 09302797 frs-core:FurnitureFittings 2023-11-30 09302797 frs-core:MotorVehicles 2024-11-30 09302797 frs-core:MotorVehicles 2023-12-01 2024-11-30 09302797 frs-core:MotorVehicles 2023-11-30 09302797 frs-core:PlantMachinery 2024-11-30 09302797 frs-core:PlantMachinery 2023-12-01 2024-11-30 09302797 frs-core:PlantMachinery 2023-11-30 09302797 frs-core:WithinOneYear 2024-11-30 09302797 frs-core:ShareCapital 2024-11-30 09302797 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09302797 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09302797 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09302797 frs-bus:SmallEntities 2023-12-01 2024-11-30 09302797 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09302797 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09302797 frs-bus:Director1 2023-12-01 2024-11-30 09302797 frs-bus:Director2 2023-12-01 2024-11-30 09302797 frs-core:CurrentFinancialInstruments 1 2024-11-30 09302797 frs-core:Non-currentFinancialInstruments 3 2024-11-30 09302797 frs-core:Non-currentFinancialInstruments 4 2024-11-30 09302797 frs-core:Non-currentFinancialInstruments 5 2024-11-30 09302797 frs-core:Non-currentFinancialInstruments 6 2024-11-30 09302797 frs-core:Non-currentFinancialInstruments 8 2024-11-30 09302797 frs-countries:EnglandWales 2023-12-01 2024-11-30 09302797 2022-11-30 09302797 2023-11-30 09302797 2022-12-01 2023-11-30 09302797 frs-core:CurrentFinancialInstruments 2023-11-30 09302797 frs-core:Non-currentFinancialInstruments 2023-11-30 09302797 frs-core:BetweenOneFiveYears 2023-11-30 09302797 frs-core:WithinOneYear 2023-11-30 09302797 frs-core:ShareCapital 2023-11-30 09302797 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09302797 frs-core:CurrentFinancialInstruments 1 2023-11-30 09302797 frs-core:Non-currentFinancialInstruments 2 2023-11-30 09302797 frs-core:Non-currentFinancialInstruments 3 2023-11-30 09302797 frs-core:Non-currentFinancialInstruments 4 2023-11-30 09302797 frs-core:Non-currentFinancialInstruments 5 2023-11-30 09302797 frs-core:Non-currentFinancialInstruments 6 2023-11-30 09302797 frs-core:Non-currentFinancialInstruments 8 2023-11-30
Registered number: 09302797
Danube Courier Services Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Care Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09302797
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,363,408 1,271,386
2,363,408 1,271,386
CURRENT ASSETS
Debtors 5 3,168,771 2,189,243
Cash at bank and in hand 617,437 625,460
3,786,208 2,814,703
Creditors: Amounts Falling Due Within One Year 6 (1,754,159 ) (467,683 )
NET CURRENT ASSETS (LIABILITIES) 2,032,049 2,347,020
TOTAL ASSETS LESS CURRENT LIABILITIES 4,395,457 3,618,406
Creditors: Amounts Falling Due After More Than One Year 7 (832,599 ) (67,558 )
NET ASSETS 3,562,858 3,550,848
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,562,758 3,550,748
SHAREHOLDERS' FUNDS 3,562,858 3,550,848
Page 1
Page 2
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
Mr Cosmin Croitoru
Director
05/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Danube Courier Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09302797 . The registered office is Unit 5-6 Sandtoft Road, Belton, Doncaster, South Yorkshire, DN9 1PN.
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 method
Motor Vehicles 20% reducing balance method
Fixtures & Fittings 25% reducing balance method
Computer Equipment 25% reducing balance method
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.
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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.
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.
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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 2,389,526 130,834 47,488 127,338 2,695,186
Additions 65,440 1,251,836 - 98,226 1,415,502
Disposals (63,784 ) - - - (63,784 )
As at 30 November 2024 2,391,182 1,382,670 47,488 225,564 4,046,904
...CONTINUED
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Depreciation
As at 1 December 2023 1,297,361 26,730 14,518 85,191 1,423,800
Provided during the period 170,357 94,915 8,242 28,074 301,588
Disposals (41,892 ) - - - (41,892 )
As at 30 November 2024 1,425,826 121,645 22,760 113,265 1,683,496
Net Book Value
As at 30 November 2024 965,356 1,261,025 24,728 112,299 2,363,408
As at 1 December 2023 1,092,165 104,104 32,970 42,147 1,271,386
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 987,224 577,299
Ivan 2 Go - Current 102,558 119,000
Directors' loan accounts 25,912 222,561
1,115,694 918,860
Due after more than one year
Selford 31,878 31,878
Van deposit 292,672 292,672
Simply Deposit - 5,616
DONILADS ROMANIA (DD) 894,072 468,072
Ivan 2 Go - Non Current 233,375 136,065
MM INVEST 542,000 277,000
Rent Deposit 19,080 19,080
AVIS 40,000 40,000
2,053,077 1,270,383
3,168,771 2,189,243
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 418,039 111,925
Trade creditors 1,151,107 121,665
Bank loans and overdrafts 8,475 8,899
Corporation tax 263 115,065
Paye Tax 5,893 2,312
...CONTINUED
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VAT 162,702 104,670
Accruals and deferred income 6,889 3,015
Directors' loan accounts 791 132
1,754,159 467,683
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 800,565 -
Bank loans 15,182 25,692
Shawbrook Bank 16,852 41,866
832,599 67,558
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 418,039 111,925
Later than one year and not later than five years 800,565 -
1,218,604 111,925
1,218,604 111,925
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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