Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC241950 Mr David Parker Mrs Mhairi Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC241950 2024-03-31 SC241950 2025-03-31 SC241950 2024-04-01 2025-03-31 SC241950 frs-core:CurrentFinancialInstruments 2025-03-31 SC241950 frs-core:Non-currentFinancialInstruments 2025-03-31 SC241950 frs-core:BetweenOneFiveYears 2025-03-31 SC241950 frs-core:FurnitureFittings 2025-03-31 SC241950 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC241950 frs-core:FurnitureFittings 2024-03-31 SC241950 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 SC241950 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 SC241950 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC241950 frs-core:MotorVehicles 2025-03-31 SC241950 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC241950 frs-core:MotorVehicles 2024-03-31 SC241950 frs-core:PlantMachinery 2025-03-31 SC241950 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC241950 frs-core:PlantMachinery 2024-03-31 SC241950 frs-core:WithinOneYear 2025-03-31 SC241950 frs-core:ShareCapital 2025-03-31 SC241950 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC241950 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC241950 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC241950 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC241950 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC241950 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC241950 frs-bus:Director1 2024-04-01 2025-03-31 SC241950 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC241950 frs-countries:Scotland 2024-04-01 2025-03-31 SC241950 2023-03-31 SC241950 2024-03-31 SC241950 2023-04-01 2024-03-31 SC241950 frs-core:CurrentFinancialInstruments 2024-03-31 SC241950 frs-core:Non-currentFinancialInstruments 2024-03-31 SC241950 frs-core:BetweenOneFiveYears 2024-03-31 SC241950 frs-core:WithinOneYear 2024-03-31 SC241950 frs-core:ShareCapital 2024-03-31 SC241950 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC241950
D.W. Parker Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
J Bruce Andrew & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC241950
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 750,740 770,536
750,740 770,536
CURRENT ASSETS
Stocks 5 28,920 23,594
Debtors 6 210,058 203,211
Cash at bank and in hand 63,199 123,498
302,177 350,303
Creditors: Amounts Falling Due Within One Year 7 (380,438 ) (386,613 )
NET CURRENT ASSETS (LIABILITIES) (78,261 ) (36,310 )
TOTAL ASSETS LESS CURRENT LIABILITIES 672,479 734,226
Creditors: Amounts Falling Due After More Than One Year 8 (52,237 ) (112,868 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (187,104 ) (191,908 )
NET ASSETS 433,138 429,450
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Profit and Loss Account 423,138 419,450
SHAREHOLDERS' FUNDS 433,138 429,450
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 David Parker
Director
26/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D.W. Parker Limited is a private company, limited by shares, incorporated in Scotland, registered number SC241950 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.
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 20% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 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.
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 year 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 asset reflects 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: 17 (2024: 17)
17 17
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 84,693 1,729,171 779,100 3,975 2,596,939
Additions - 233,590 - - 233,590
Disposals - (49,950 ) (86,750 ) - (136,700 )
As at 31 March 2025 84,693 1,912,811 692,350 3,975 2,693,829
Depreciation
As at 1 April 2024 81,787 1,194,768 546,116 3,732 1,826,403
Provided during the period 581 157,328 39,455 25 197,389
Disposals - (29,658 ) (51,045 ) - (80,703 )
As at 31 March 2025 82,368 1,322,438 534,526 3,757 1,943,089
Net Book Value
As at 31 March 2025 2,325 590,373 157,824 218 750,740
As at 1 April 2024 2,906 534,403 232,984 243 770,536
5. Stocks
2025 2024
£ £
Materials 28,920 23,594
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 210,058 203,211
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 127,976 138,900
Trade creditors 121,398 94,388
Corporation tax 25,802 44,787
Other taxes and social security 24,410 25,152
VAT 72,983 69,540
Other creditors 1,887 8,243
Accruals and deferred income 5,000 4,785
Director's loan account 982 818
380,438 386,613
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 52,237 112,868
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 127,976 138,900
Later than one year and not later than five years 52,237 112,868
180,213 251,768
180,213 251,768
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 5