Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03699510 Mr Ian Oliver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03699510 2023-12-31 03699510 2024-12-31 03699510 2024-01-01 2024-12-31 03699510 frs-core:CurrentFinancialInstruments 2024-12-31 03699510 frs-core:Non-currentFinancialInstruments 2024-12-31 03699510 frs-core:ComputerEquipment 2024-12-31 03699510 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03699510 frs-core:ComputerEquipment 2023-12-31 03699510 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 03699510 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 03699510 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 03699510 frs-core:FurnitureFittings 2024-12-31 03699510 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03699510 frs-core:FurnitureFittings 2023-12-31 03699510 frs-core:CapitalRedemptionReserve 2024-12-31 03699510 frs-core:ShareCapital 2024-12-31 03699510 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03699510 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03699510 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03699510 frs-bus:SmallEntities 2024-01-01 2024-12-31 03699510 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03699510 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03699510 frs-core:CostValuation 2023-12-31 03699510 frs-core:DisposalsRepaymentsInvestments 2024-12-31 03699510 frs-core:CostValuation 2024-12-31 03699510 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 03699510 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 03699510 frs-core:ListedExchangeTraded 2024-12-31 03699510 frs-core:ListedExchangeTraded 2023-12-31 03699510 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 03699510 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-12-31 03699510 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 03699510 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 03699510 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 03699510 frs-bus:Director1 2024-01-01 2024-12-31 03699510 frs-countries:EnglandWales 2024-01-01 2024-12-31 03699510 2022-12-31 03699510 2023-12-31 03699510 2023-01-01 2023-12-31 03699510 frs-core:CurrentFinancialInstruments 2023-12-31 03699510 frs-core:Non-currentFinancialInstruments 2023-12-31 03699510 frs-core:CapitalRedemptionReserve 2023-12-31 03699510 frs-core:ShareCapital 2023-12-31 03699510 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03699510
D.A. Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Approved Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03699510
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,474,281 1,309,227
Tangible Assets 5 5,951 11,022
1,480,232 1,320,249
CURRENT ASSETS
Debtors 7 349,862 199,603
Cash at bank and in hand 249,538 618,398
599,400 818,001
Creditors: Amounts Falling Due Within One Year 8 (404,479 ) (362,774 )
NET CURRENT ASSETS (LIABILITIES) 194,921 455,227
TOTAL ASSETS LESS CURRENT LIABILITIES 1,675,153 1,775,476
Creditors: Amounts Falling Due After More Than One Year 9 (105,000 ) (105,000 )
NET ASSETS 1,570,153 1,670,476
CAPITAL AND RESERVES
Called up share capital 10 737 1,000
Capital redemption reserve (129,737 ) -
Profit and Loss Account 1,699,153 1,669,476
SHAREHOLDERS' FUNDS 1,570,153 1,670,476
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 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 Ian Oliver
Director
05/09/2025
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
D.A. Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03699510 . The registered office is 36 Fifth Avenue, Havant, Hampshire, PO9 2PL.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to a nil value on a straight line basis over their expected useful economic lives, which range from 3 to 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. 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 20% straight line method
Computer Equipment 33% straight line method
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.
Page 3
Page 4
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: 22 (2023: 20)
22 20
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 2,627,831
Additions 888,113
As at 31 December 2024 3,515,944
Amortisation
As at 1 January 2024 1,318,604
Provided during the period 723,059
As at 31 December 2024 2,041,663
Net Book Value
As at 31 December 2024 1,474,281
As at 1 January 2024 1,309,227
Page 4
Page 5
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 8,037 95,551 103,588
As at 31 December 2024 8,037 95,551 103,588
Depreciation
As at 1 January 2024 7,456 85,110 92,566
Provided during the period 183 4,888 5,071
As at 31 December 2024 7,639 89,998 97,637
Net Book Value
As at 31 December 2024 398 5,553 5,951
As at 1 January 2024 581 10,441 11,022
6. Investments
Listed Other Total
£ £ £
Cost
As at 1 January 2024 (1 ) 1 -
Disposals 1 (1 ) -
As at 31 December 2024 - - -
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 (1 ) 1 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 327,877 169,284
Other debtors 21,985 30,319
349,862 199,603
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,668 55,410
Other creditors 297,489 210,874
Taxation and social security 73,322 96,490
404,479 362,774
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 105,000 105,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 737 1,000
Page 6