Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06864912 Mr Paul Diment Ms Bridget Rosen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06864912 2024-03-31 06864912 2025-03-31 06864912 2024-04-01 2025-03-31 06864912 frs-core:CurrentFinancialInstruments 2025-03-31 06864912 frs-core:Non-currentFinancialInstruments 2025-03-31 06864912 frs-core:ComputerEquipment 2025-03-31 06864912 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06864912 frs-core:ComputerEquipment 2024-03-31 06864912 frs-core:FurnitureFittings 2025-03-31 06864912 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06864912 frs-core:FurnitureFittings 2024-03-31 06864912 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 06864912 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06864912 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06864912 frs-core:MotorVehicles 2025-03-31 06864912 frs-core:MotorVehicles 2024-04-01 2025-03-31 06864912 frs-core:MotorVehicles 2024-03-31 06864912 frs-core:ShareCapital 2025-03-31 06864912 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06864912 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06864912 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06864912 frs-bus:SmallEntities 2024-04-01 2025-03-31 06864912 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06864912 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06864912 frs-bus:Director1 2024-04-01 2025-03-31 06864912 frs-bus:Director1 2024-03-31 06864912 frs-bus:Director1 2025-03-31 06864912 frs-bus:Director2 2024-04-01 2025-03-31 06864912 frs-countries:EnglandWales 2024-04-01 2025-03-31 06864912 2023-03-31 06864912 2024-03-31 06864912 2023-04-01 2024-03-31 06864912 frs-core:CurrentFinancialInstruments 2024-03-31 06864912 frs-core:Non-currentFinancialInstruments 2024-03-31 06864912 frs-core:ShareCapital 2024-03-31 06864912 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06864912
Duchy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06864912
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 208,775 216,301
208,775 216,301
CURRENT ASSETS
Stocks 5 22,600 32,605
Debtors 6 35,401 43,937
Cash at bank and in hand 10,396 78,999
68,397 155,541
Creditors: Amounts Falling Due Within One Year 7 (128,185 ) (184,267 )
NET CURRENT ASSETS (LIABILITIES) (59,788 ) (28,726 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,987 187,575
Creditors: Amounts Falling Due After More Than One Year 8 (105,935 ) (135,739 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,118 ) (4,583 )
NET ASSETS 41,934 47,253
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 41,834 47,153
SHAREHOLDERS' FUNDS 41,934 47,253
Page 1
Page 2
For the year ending 31 March 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
Mr Paul Diment
Director
Ms Bridget Rosen
Director
15 October 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
Duchy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06864912 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
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. Going Concern Disclosure
The accounts have been prepared on a going concern basis as directors continue to provide financial support when necessary to the company. The directors have also reviewed the position for 12 months from the date the accounts were approved and in thier opinion the company will reduce the balance sheet deficiency and will
show positive results for the next financial period.
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.
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. 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 2% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33.3% Straight Line
2.5. 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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2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 214,714 34,563 9,197 8,611 267,085
Additions - - - 529 529
As at 31 March 2025 214,714 34,563 9,197 9,140 267,614
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 14,345 24,425 5,251 6,763 50,784
Provided during the period 4,047 2,534 592 882 8,055
As at 31 March 2025 18,392 26,959 5,843 7,645 58,839
Net Book Value
As at 31 March 2025 196,322 7,604 3,354 1,495 208,775
As at 1 April 2024 200,369 10,138 3,946 1,848 216,301
5. Stocks
2025 2024
£ £
Stock 22,600 32,605
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,213 39,321
Other debtors 15,188 4,616
35,401 43,937
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,159 28,788
Bank loans and overdrafts 42,628 33,012
Other creditors 42,592 75,795
Taxation and social security 23,806 46,672
128,185 184,267
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 105,935 135,739
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Paul Diment 399 39,913 29,671 - 10,642
The above loan is unsecured, interest free and repayable on demand.
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