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Registered number: 11759119
D Martin Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
MoynanSmith
Chartered Accountants & Tax Advisers
Unit 4 Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11759119
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,606
Tangible Assets 5 381,199 321,982
381,199 323,588
CURRENT ASSETS
Stocks 11,750 11,525
Debtors 6 107,849 128,107
Cash at bank and in hand 31,494 20,595
151,093 160,227
Creditors: Amounts Falling Due Within One Year 7 (492,292 ) (197,301 )
NET CURRENT ASSETS (LIABILITIES) (341,199 ) (37,074 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,000 286,514
Creditors: Amounts Falling Due After More Than One Year 8 (139,398 ) (150,404 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (22,304 )
NET (LIABILITIES)/ASSETS (99,398 ) 113,806
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (99,399 ) 113,805
SHAREHOLDERS' FUNDS (99,398) 113,806
Page 1
Page 2
For the year ending 31 January 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 Darren Martin
Director
Mr John McGibbon
Director
29 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
D Martin Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11759119 . The registered office is Dm Engineering Limited Curzon Street, Maryport, Cumbria, CA15 6LW.
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.
The company has net liabilities at 31 January 2025 and meets its day to day working capital requirements through loans from the directors and shareholders. On the basis of this support, the directors consider it appropriate to prepare the financial statements on the going concern basis.
However, should the company not have the support of the directors and shareholders and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.
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 - Other Intangible
Other intangible assets relate to computer software and are amortised to the profit and loss account over their estimated economic life of 3 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 50 years straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 3 years straight line
The directors consider the current net book value of freehold property to be a reasonable estimate of the residual value.
2.5. 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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2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 10 (2024: 10)
10 10
4. Intangible Assets
Other
£
Cost
As at 1 February 2024 4,820
As at 31 January 2025 4,820
Amortisation
As at 1 February 2024 3,214
Provided during the period 1,606
As at 31 January 2025 4,820
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 1,606
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 242,940 130,137 15,195 6,677 394,949
Additions 32,362 41,684 - - 74,046
As at 31 January 2025 275,302 171,821 15,195 6,677 468,995
Depreciation
As at 1 February 2024 3,168 56,275 8,883 4,641 72,967
Provided during the period - 11,751 1,579 1,499 14,829
As at 31 January 2025 3,168 68,026 10,462 6,140 87,796
Net Book Value
As at 31 January 2025 272,134 103,795 4,733 537 381,199
As at 1 February 2024 239,772 73,862 6,312 2,036 321,982
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 36,399 119,794
Amounts recoverable on contracts 48,750 6,313
Other debtors 22,700 2,000
107,849 128,107
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,318 7,318
Trade creditors 46,853 44,644
Bank loans and overdrafts 7,980 7,732
Amounts owed to participating interests 150,000 -
Other creditors 263,151 89,841
Taxation and social security 16,990 47,766
492,292 197,301
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,722 17,040
Bank loans 129,676 133,364
139,398 150,404
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9. Secured Creditors
Of the creditors the following amounts are secured.
Finance lease and hire purchase contracts are secured against the assets to which they relate.
Bank loans and overdrafts are secured by a legal charge over company property.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 17,040 24,358
Bank loans and overdrafts 137,656 141,096
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,318 7,318
Later than one year and not later than five years 9,722 17,040
17,040 24,358
17,040 24,358
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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