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 04408864 Mr D S Lee Mrs J M Collinge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04408864 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-03-31 04408864 2024-03-31 04408864 2025-03-31 04408864 2024-04-01 2025-03-31 04408864 frs-core:CurrentFinancialInstruments 2025-03-31 04408864 frs-core:Non-currentFinancialInstruments 2025-03-31 04408864 frs-core:BetweenOneFiveYears 2025-03-31 04408864 frs-core:ComputerEquipment 2025-03-31 04408864 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04408864 frs-core:ComputerEquipment 2024-03-31 04408864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 04408864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04408864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04408864 frs-core:MotorVehicles 2025-03-31 04408864 frs-core:MotorVehicles 2024-04-01 2025-03-31 04408864 frs-core:MotorVehicles 2024-03-31 04408864 frs-core:PlantMachinery 2025-03-31 04408864 frs-core:PlantMachinery 2024-04-01 2025-03-31 04408864 frs-core:PlantMachinery 2024-03-31 04408864 frs-core:WithinOneYear 2025-03-31 04408864 frs-core:RevaluationReserve 2024-03-31 04408864 frs-core:RevaluationReserve 2025-03-31 04408864 frs-core:ShareCapital 2025-03-31 04408864 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04408864 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04408864 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04408864 frs-bus:SmallEntities 2024-04-01 2025-03-31 04408864 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04408864 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04408864 frs-bus:Director1 2024-04-01 2025-03-31 04408864 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04408864 frs-countries:EnglandWales 2024-04-01 2025-03-31 04408864 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 04408864 2023-03-31 04408864 2024-03-31 04408864 2023-04-01 2024-03-31 04408864 frs-core:CurrentFinancialInstruments 2024-03-31 04408864 frs-core:Non-currentFinancialInstruments 2024-03-31 04408864 frs-core:BetweenOneFiveYears 2024-03-31 04408864 frs-core:WithinOneYear 2024-03-31 04408864 frs-core:RevaluationReserve 2024-03-31 04408864 frs-core:ShareCapital 2024-03-31 04408864 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04408864
Damian Lee Building Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
MJH Accountants Limited
129 Woodplumpton Road
Fulwood
Preston
Lancashire
PR2 3LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04408864
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 577,218 588,843
577,218 588,843
CURRENT ASSETS
Stocks 5 12,274 6,500
Debtors 6 57,527 15,358
Cash at bank and in hand 49,313 69,183
119,114 91,041
Creditors: Amounts Falling Due Within One Year 7 (188,045 ) (106,089 )
NET CURRENT ASSETS (LIABILITIES) (68,931 ) (15,048 )
TOTAL ASSETS LESS CURRENT LIABILITIES 508,287 573,795
Creditors: Amounts Falling Due After More Than One Year 8 (25,837 ) (30,836 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (9,305 ) (12,211 )
NET ASSETS 473,145 530,748
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 12 187,000 255,000
Profit and Loss Account 286,045 275,648
SHAREHOLDERS' FUNDS 473,145 530,748
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 D S Lee
Director
21 November 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
Damian Lee Building Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04408864 . The registered office is 80 Lytham Rd , Fulwood , Preston , Lancashire , PR2 3AQ.
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. 
Freehold land comprising development land is measured at open market value.
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 0% on cost
Plant & Machinery 20% on written down value
Motor Vehicles 25% on written down value
Computer Equipment 33.3% on cost
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.
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.
Page 3
Page 4
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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 4)
6 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 540,000 16,700 98,911 354 655,965
Additions - - - 833 833
As at 31 March 2025 540,000 16,700 98,911 1,187 656,798
Depreciation
As at 1 April 2024 - 15,050 51,899 173 67,122
Provided during the period - 331 11,755 372 12,458
As at 31 March 2025 - 15,381 63,654 545 79,580
Net Book Value
As at 31 March 2025 540,000 1,319 35,257 642 577,218
As at 1 April 2024 540,000 1,650 47,012 181 588,843
Page 4
Page 5
Cost or valuation as at 31 March 2025 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
At cost 353,000 16,700 98,911 1,187 469,798
At valuation 187,000 - - - 187,000
540,000 16,700 98,911 1,187 656,798
Freehold land comprises development land owned by the company. The land has been valued by the director at the balance sheet date based on the open market value. 
The director's valuation was £540,000 (2024 - £540,000).
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 353,000
5. Stocks
2025 2024
£ £
Stock 12,274 6,500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 48,508 4,302
Other debtors 9,019 11,056
57,527 15,358
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 37,092 40,946
Bank loans and overdrafts 4,999 4,999
Other creditors 95,506 12,990
Taxation and social security 50,448 47,154
188,045 106,089
There remains a legal charge over the company’s assets remained registered at the balance sheet date which related to outstanding consideration in relation to the purchase of freehold land. 
This balance has now been repaid and the company expects the charge to be formally released in due course.
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 25,837 30,836
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 841 5,840
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 9,305 12,211
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 11,066 8,687
Later than one year and not later than five years 3,736 2,070
14,802 10,757
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 255,000
Deficit on revaluation (68,000)
As at 31 March 2025 187,000
Page 6