Acorah Software Products - Accounts Production 19.1.200 false true 30 November 2023 1 December 2022 false 1 December 2023 31 May 2025 31 May 2025 NI602294 Mr Shane McKeever Ms Sharon McKeever Ms Sharon McKeever iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI602294 2023-11-30 NI602294 2025-05-31 NI602294 2023-12-01 2025-05-31 NI602294 frs-core:CurrentFinancialInstruments 2025-05-31 NI602294 frs-core:Non-currentFinancialInstruments 2025-05-31 NI602294 frs-core:BetweenOneFiveYears 2025-05-31 NI602294 frs-core:ComputerEquipment 2025-05-31 NI602294 frs-core:ComputerEquipment 2023-12-01 2025-05-31 NI602294 frs-core:ComputerEquipment 2023-11-30 NI602294 frs-core:FurnitureFittings 2025-05-31 NI602294 frs-core:FurnitureFittings 2023-12-01 2025-05-31 NI602294 frs-core:FurnitureFittings 2023-11-30 NI602294 frs-core:NetGoodwill 2025-05-31 NI602294 frs-core:NetGoodwill 2023-12-01 2025-05-31 NI602294 frs-core:NetGoodwill 2023-11-30 NI602294 frs-core:MotorVehicles 2025-05-31 NI602294 frs-core:MotorVehicles 2023-12-01 2025-05-31 NI602294 frs-core:MotorVehicles 2023-11-30 NI602294 frs-core:PlantMachinery 2025-05-31 NI602294 frs-core:PlantMachinery 2023-12-01 2025-05-31 NI602294 frs-core:PlantMachinery 2023-11-30 NI602294 frs-core:WithinOneYear 2025-05-31 NI602294 frs-core:ShareCapital 2025-05-31 NI602294 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 NI602294 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2025-05-31 NI602294 frs-bus:FilletedAccounts 2023-12-01 2025-05-31 NI602294 frs-bus:SmallEntities 2023-12-01 2025-05-31 NI602294 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2025-05-31 NI602294 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2025-05-31 NI602294 frs-bus:Director1 2023-12-01 2025-05-31 NI602294 frs-bus:Director2 2023-12-01 2025-05-31 NI602294 frs-bus:CompanySecretary1 2023-12-01 2025-05-31 NI602294 frs-countries:NorthernIreland 2023-12-01 2025-05-31 NI602294 2022-11-30 NI602294 2023-11-30 NI602294 2022-12-01 2023-11-30 NI602294 frs-core:CurrentFinancialInstruments 2023-11-30 NI602294 frs-core:Non-currentFinancialInstruments 2023-11-30 NI602294 frs-core:BetweenOneFiveYears 2023-11-30 NI602294 frs-core:WithinOneYear 2023-11-30 NI602294 frs-core:ShareCapital 2023-11-30 NI602294 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: NI602294
Designshop Solutions Limited
Unaudited Financial Statements
For the Period 1 December 2023 to 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI602294
31 May 2025 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,255 21,505
Tangible Assets 5 71,451 73,385
75,706 94,890
CURRENT ASSETS
Stocks 6 21,000 65,227
Debtors 7 216,375 287,891
Cash at bank and in hand 216,529 275,488
453,904 628,606
Creditors: Amounts Falling Due Within One Year 8 (187,700 ) (341,178 )
NET CURRENT ASSETS (LIABILITIES) 266,204 287,428
TOTAL ASSETS LESS CURRENT LIABILITIES 341,910 382,318
Creditors: Amounts Falling Due After More Than One Year 9 (22,693 ) (48,432 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,862 ) (11,170 )
NET ASSETS 301,355 322,716
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 301,353 322,714
SHAREHOLDERS' FUNDS 301,355 322,716
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For the period ending 31 May 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
Ms Sharon McKeever
Director
13/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Designshop Solutions Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI602294 . The registered office is Unit 4 M12 Business Park, Portadown, Craigavon, County Armagh, BT63 5WQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 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:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
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.
2.6. 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.
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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 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 period was:
31 May 2025 30 November 2023
Office and administration 1 1
Manufacturing 3 3
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 115,000
As at 31 May 2025 115,000
Amortisation
As at 1 December 2023 93,495
Provided during the period 17,250
As at 31 May 2025 110,745
Net Book Value
As at 31 May 2025 4,255
As at 1 December 2023 21,505
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 4,700 180,190 - 3,566 188,456
Additions - 52,763 1,440 3,329 57,532
Disposals - (31,663 ) - - (31,663 )
As at 31 May 2025 4,700 201,290 1,440 6,895 214,325
Depreciation
As at 1 December 2023 3,922 110,258 - 891 115,071
Provided during the period 268 38,496 180 1,336 40,280
Disposals - (12,477 ) - - (12,477 )
As at 31 May 2025 4,190 136,277 180 2,227 142,874
Net Book Value
As at 31 May 2025 510 65,013 1,260 4,668 71,451
As at 1 December 2023 778 69,932 - 2,675 73,385
6. Stocks
31 May 2025 30 November 2023
£ £
Materials 21,000 3,000
Work in progress - 62,227
21,000 65,227
7. Debtors
31 May 2025 30 November 2023
£ £
Due within one year
Trade debtors 212,375 244,865
Prepayments and accrued income 4,000 2,109
Directors' loan accounts - 40,917
216,375 287,891
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8. Creditors: Amounts Falling Due Within One Year
31 May 2025 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,805 9,323
Trade creditors 33,453 154,250
Bank loans and overdrafts 26,398 9,376
Corporation tax 21,638 7,705
Other taxes and social security 2,604 2,702
VAT 11,047 87,173
Accruals and deferred income 68,573 70,649
Directors' loan accounts 3,182 -
187,700 341,178
9. Creditors: Amounts Falling Due After More Than One Year
31 May 2025 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,777 17,869
Bank loans 4,916 30,563
22,693 48,432
10. Obligations Under Finance Leases and Hire Purchase
31 May 2025 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,805 9,323
Later than one year and not later than five years 17,777 17,869
38,582 27,192
38,582 27,192
11. Share Capital
31 May 2025 30 November 2023
£ £
Allotted, Called up and fully paid 2 2
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