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Registered number: 09427316
Diamond Design Alloys Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Sun House
2 - 4 Little Peter Street
Manchester
M15 4PS
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09427316
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,016 1,204
7,016 1,204
CURRENT ASSETS
Debtors 5 39,014 66,935
Cash at bank and in hand 46,386 26,782
85,400 93,717
Creditors: Amounts Falling Due Within One Year 6 (56,792 ) (46,306 )
NET CURRENT ASSETS (LIABILITIES) 28,608 47,411
TOTAL ASSETS LESS CURRENT LIABILITIES 35,624 48,615
NET ASSETS 35,624 48,615
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 35,524 48,515
SHAREHOLDERS' FUNDS 35,624 48,615
For the year ending 28 February 2025 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
R McCauley
Director
05/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 March 2023 100 7,904 8,004
Profit for the year and total comprehensive income - 40,611 40,611
As at 29 February 2024 and 1 March 2024 100 48,515 48,615
Profit for the year and total comprehensive income - 27,009 27,009
Dividends paid - (40,000) (40,000)
As at 28 February 2025 100 35,524 35,624
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Diamond Design Alloys Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09427316 . The registered office is 10 Monde Trading Estate Off Westinghouse Road, Trafford Park, Manchester, Lancashire, M17 1LP.
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.
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.
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:
Plant & Machinery 25% straight line
Computer Equipment 33% straight line
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 8)
6 8
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 13,097 416 13,513
Additions 7,917 - 7,917
As at 28 February 2025 21,014 416 21,430
Depreciation
As at 1 March 2024 12,035 274 12,309
Provided during the period 1,963 142 2,105
As at 28 February 2025 13,998 416 14,414
Net Book Value
As at 28 February 2025 7,016 - 7,016
As at 1 March 2024 1,062 142 1,204
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 30,795 60,345
Prepayments and accrued income 8,219 6,590
39,014 66,935
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,010 10,665
Corporation tax 7,077 8,423
Other taxes and social security 2,442 3,362
VAT 7,777 14,079
Other creditors - 678
Directors' loan accounts 29,486 9,099
56,792 46,306
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4