Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 00846792 Mrs Anne Else Mr Darran Else Mrs Daryl Hackett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00846792 2024-03-31 00846792 2025-03-31 00846792 2024-04-01 2025-03-31 00846792 frs-core:CurrentFinancialInstruments 2025-03-31 00846792 frs-core:Non-currentFinancialInstruments 2025-03-31 00846792 frs-core:BetweenOneFiveYears 2025-03-31 00846792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 00846792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 00846792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 00846792 frs-core:MotorVehicles 2025-03-31 00846792 frs-core:MotorVehicles 2024-04-01 2025-03-31 00846792 frs-core:MotorVehicles 2024-03-31 00846792 frs-core:PlantMachinery 2025-03-31 00846792 frs-core:PlantMachinery 2024-04-01 2025-03-31 00846792 frs-core:PlantMachinery 2024-03-31 00846792 frs-core:WithinOneYear 2025-03-31 00846792 frs-core:ShareCapital 2025-03-31 00846792 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 00846792 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00846792 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 00846792 frs-bus:SmallEntities 2024-04-01 2025-03-31 00846792 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00846792 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00846792 frs-bus:Director1 2024-04-01 2025-03-31 00846792 frs-bus:Director2 2024-04-01 2025-03-31 00846792 frs-bus:Director3 2024-04-01 2025-03-31 00846792 frs-countries:EnglandWales 2024-04-01 2025-03-31 00846792 2023-03-31 00846792 2024-03-31 00846792 2023-04-01 2024-03-31 00846792 frs-core:CurrentFinancialInstruments 2024-03-31 00846792 frs-core:Non-currentFinancialInstruments 2024-03-31 00846792 frs-core:BetweenOneFiveYears 2024-03-31 00846792 frs-core:WithinOneYear 2024-03-31 00846792 frs-core:ShareCapital 2024-03-31 00846792 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 00846792
Darrel Else Furnishers Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
ACCA
Regus Stuart House
St Johns Street
Peterborough
Cambridgeshire
PE1 5DD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00846792
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,295 78,385
47,295 78,385
CURRENT ASSETS
Stocks 5 365,000 427,325
Debtors 6 75,692 124,916
Cash at bank and in hand 72,926 128,396
513,618 680,637
Creditors: Amounts Falling Due Within One Year 7 (158,619 ) (253,696 )
NET CURRENT ASSETS (LIABILITIES) 354,999 426,941
TOTAL ASSETS LESS CURRENT LIABILITIES 402,294 505,326
Creditors: Amounts Falling Due After More Than One Year 8 (25,611 ) (34,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,323 ) (9,434 )
NET ASSETS 374,360 461,142
CAPITAL AND RESERVES
Called up share capital 10 2,803 2,803
Profit and Loss Account 371,557 458,339
SHAREHOLDERS' FUNDS 374,360 461,142
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 Darran Else
Director
04/12/2025
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
Darrel Else Furnishers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00846792 . The registered office is 618 Leverington Common, Leverington, Wisbech, PE13 5JN.
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. 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:
Leasehold straight line over lease term
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
2.4. 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.
Page 3
Page 4
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.
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: 16 (2024: 16)
16 16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 197,112 86,722 115,641 399,475
Disposals - (84,377 ) (61,647 ) (146,024 )
As at 31 March 2025 197,112 2,345 53,994 253,451
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 163,168 69,661 88,261 321,090
Provided during the period 5,178 200 5,578 10,956
Disposals - (69,313 ) (56,577 ) (125,890 )
As at 31 March 2025 168,346 548 37,262 206,156
Net Book Value
As at 31 March 2025 28,766 1,797 16,732 47,295
As at 1 April 2024 33,944 17,061 27,380 78,385
5. Stocks
2025 2024
£ £
Stock 365,000 427,325
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 75,692 107,936
Prepayments and accrued income - 9,894
Directors' loan accounts - 7,086
75,692 124,916
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,000 4,000
Trade creditors 70,227 95,928
Bank loans and overdrafts 5,556 5,556
Other taxes and social security 48,679 45,947
VAT 20,888 10,107
Net wages - 21,479
Other creditors 3,389 67,534
Accruals and deferred income 2,970 3,145
Directors' loan accounts 2,910 -
158,619 253,696
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,000 6,000
Bank loans 23,611 28,750
25,611 34,750
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,000 4,000
Later than one year and not later than five years 2,000 6,000
6,000 10,000
6,000 10,000
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,803 2,803
Page 6