Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13999212 Mr Philip Dennis Mr Matthew Dennis Mrs Heather Dennis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13999212 2024-03-31 13999212 2025-03-31 13999212 2024-04-01 2025-03-31 13999212 frs-core:CurrentFinancialInstruments 2025-03-31 13999212 frs-core:ComputerEquipment 2025-03-31 13999212 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13999212 frs-core:ComputerEquipment 2024-03-31 13999212 frs-core:MotorVehicles 2025-03-31 13999212 frs-core:MotorVehicles 2024-04-01 2025-03-31 13999212 frs-core:MotorVehicles 2024-03-31 13999212 frs-core:PlantMachinery 2025-03-31 13999212 frs-core:PlantMachinery 2024-04-01 2025-03-31 13999212 frs-core:PlantMachinery 2024-03-31 13999212 frs-core:ShareCapital 2025-03-31 13999212 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13999212 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13999212 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13999212 frs-bus:SmallEntities 2024-04-01 2025-03-31 13999212 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13999212 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13999212 frs-bus:Director1 2024-04-01 2025-03-31 13999212 frs-bus:Director2 2024-04-01 2025-03-31 13999212 frs-bus:Director3 2024-04-01 2025-03-31 13999212 frs-countries:EnglandWales 2024-04-01 2025-03-31 13999212 2023-03-31 13999212 2024-03-31 13999212 2023-04-01 2024-03-31 13999212 frs-core:CurrentFinancialInstruments 2024-03-31 13999212 frs-core:ShareCapital 2024-03-31 13999212 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13999212
PHJ Dennis & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13999212
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 129,794 147,426
129,794 147,426
CURRENT ASSETS
Stocks 5 19,414 16,141
Debtors 6 62,638 35,244
Cash at bank and in hand 51,410 22,725
133,462 74,110
Creditors: Amounts Falling Due Within One Year 7 (235,353 ) (235,899 )
NET CURRENT ASSETS (LIABILITIES) (101,891 ) (161,789 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,903 (14,363 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,429 ) (27,333 )
NET ASSETS/(LIABILITIES) 474 (41,696 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 374 (41,796 )
SHAREHOLDERS' FUNDS 474 (41,696)
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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 Philip Dennis
Director
Mr Matthew Dennis
Director
9 December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PHJ Dennis & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13999212 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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:
Plant & Machinery 10% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 25% 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.
2.6. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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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.
2.8. 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.
2.9. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 137,123 55,305 1,520 193,948
Additions 1,050 - - 1,050
As at 31 March 2025 138,173 55,305 1,520 194,998
Depreciation
As at 1 April 2024 25,938 19,910 674 46,522
Provided during the period 11,223 7,079 380 18,682
As at 31 March 2025 37,161 26,989 1,054 65,204
Net Book Value
As at 31 March 2025 101,012 28,316 466 129,794
As at 1 April 2024 111,185 35,395 846 147,426
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5. Stocks
2025 2024
£ £
Stock 19,414 16,141
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 57,052 30,733
Prepayments and accrued income 5,586 4,511
62,638 35,244
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,059 6,085
Corporation tax 16,587 3,475
Other taxes and social security 1,631 598
VAT 8,137 10,088
Other creditors 7,645 6,273
Accruals and deferred income 1,931 1,617
Directors' loan accounts 194,363 207,763
235,353 235,899
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the year end, 31 March 2025, the company owed the directors £193,463 (2024 £207,763) in respect of loans held with the company. These amounts are interest free and repayable on demand.
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