Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03725344 Mr Christopher Burrows Mrs Julie Burrows Mr Andrew Burrows Mr William Parker Mrs Julie Burrows iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03725344 2023-12-31 03725344 2024-12-31 03725344 2024-01-01 2024-12-31 03725344 frs-core:CurrentFinancialInstruments 2024-12-31 03725344 frs-core:BetweenOneFiveYears 2024-12-31 03725344 frs-core:FurnitureFittings 2024-12-31 03725344 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03725344 frs-core:FurnitureFittings 2023-12-31 03725344 frs-core:NetGoodwill 2024-12-31 03725344 frs-core:NetGoodwill 2024-01-01 2024-12-31 03725344 frs-core:NetGoodwill 2023-12-31 03725344 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 03725344 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 03725344 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03725344 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 03725344 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03725344 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03725344 frs-core:MotorVehicles 2024-12-31 03725344 frs-core:MotorVehicles 2024-01-01 2024-12-31 03725344 frs-core:MotorVehicles 2023-12-31 03725344 frs-core:WithinOneYear 2024-12-31 03725344 frs-core:ShareCapital 2024-12-31 03725344 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03725344 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03725344 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03725344 frs-bus:SmallEntities 2024-01-01 2024-12-31 03725344 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03725344 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03725344 frs-bus:Director1 2024-01-01 2024-12-31 03725344 frs-bus:Director2 2024-01-01 2024-12-31 03725344 frs-bus:Director3 2024-01-01 2024-12-31 03725344 frs-bus:Director4 2024-01-01 2024-12-31 03725344 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03725344 frs-countries:EnglandWales 2024-01-01 2024-12-31 03725344 2022-12-31 03725344 2023-12-31 03725344 2023-01-01 2023-12-31 03725344 frs-core:CurrentFinancialInstruments 2023-12-31 03725344 frs-core:BetweenOneFiveYears 2023-12-31 03725344 frs-core:WithinOneYear 2023-12-31 03725344 frs-core:ShareCapital 2023-12-31 03725344 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03725344
Decorating Warehouse Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03725344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 195,871 184,465
Investment Properties 6 433,518 433,518
629,389 617,983
CURRENT ASSETS
Stocks 7 607,573 642,026
Debtors 8 551,739 548,202
Cash at bank and in hand 238,219 247,188
1,397,531 1,437,416
Creditors: Amounts Falling Due Within One Year 9 (470,339 ) (530,781 )
NET CURRENT ASSETS (LIABILITIES) 927,192 906,635
TOTAL ASSETS LESS CURRENT LIABILITIES 1,556,581 1,524,618
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,844 ) (4,436 )
NET ASSETS 1,548,737 1,520,182
CAPITAL AND RESERVES
Called up share capital 10 57,400 57,400
Profit and Loss Account 1,491,337 1,462,782
SHAREHOLDERS' FUNDS 1,548,737 1,520,182
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 Profit and Loss Account.
On behalf of the board
Mr Andrew Burrows
Director
30th September 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
Decorating Warehouse Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03725344 . The registered office is 104-110 Derby Road, Stapleford, Nottinghamshire, NG9 7AD.
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. 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 the profit and loss account over its estimated economic life of .... years.
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:
Freehold Straight line over 50 years
Leasehold Straight line over 20 years
Motor Vehicles 25% on the reducing balance method
Fixtures & Fittings 25% on the reducing balance method
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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: 12 (2023: 12)
12 12
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 10,000
As at 31 December 2024 10,000
Amortisation
As at 1 January 2024 10,000
As at 31 December 2024 10,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 167,013 14,161 42,711 143,568 367,453
Additions - - 31,995 - 31,995
Disposals - - (21,571 ) - (21,571 )
As at 31 December 2024 167,013 14,161 53,135 143,568 377,877
Depreciation
As at 1 January 2024 14,859 14,161 23,668 130,300 182,988
...CONTINUED
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Provided during the period 2,227 - 11,858 3,317 17,402
Disposals - - (18,384 ) - (18,384 )
As at 31 December 2024 17,086 14,161 17,142 133,617 182,006
Net Book Value
As at 31 December 2024 149,927 - 35,993 9,951 195,871
As at 1 January 2024 152,154 - 19,043 13,268 184,465
6. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 433,518
7. Stocks
2024 2023
£ £
Materials 607,573 642,026
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 246,534 233,332
Prepayments and accrued income 9,271 7,125
Other debtors 500 -
Amounts owed by subsidiaries 295,434 307,745
551,739 548,202
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 359,788 389,136
Corporation tax 33,052 54,508
Other taxes and social security 6,378 5,785
VAT 33,293 43,388
Other creditors 37,614 37,750
Directors' loan accounts 214 214
470,339 530,781
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 57,400 57,400
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Page 6
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 13,830 99
Later than one year and not later than five years 23,051 -
36,881 99
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