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Registered number: 12142924
DDC London Ltd
Financial Statements
For The Year Ended 31 August 2025
MBN Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12142924
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 296,996 321,249
296,996 321,249
CURRENT ASSETS
Stocks 5 247,800 319,853
Debtors 6 140,393 133,916
Cash at bank and in hand 236,081 42,522
624,274 496,291
Creditors: Amounts Falling Due Within One Year 7 (223,145 ) (310,772 )
NET CURRENT ASSETS (LIABILITIES) 401,129 185,519
TOTAL ASSETS LESS CURRENT LIABILITIES 698,125 506,768
Creditors: Amounts Falling Due After More Than One Year 8 (281,587 ) (196,387 )
NET ASSETS 416,538 310,381
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 416,438 310,281
SHAREHOLDERS' FUNDS 416,538 310,381
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For the year ending 31 August 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 Ernold Alushi
Director
15/05/2026
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
DDC London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12142924 . The registered office is 1st Floor, Millbank Tower, 21-24 Millbank, London, SW1P 4QP.
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:
Plant & Machinery 18% Reducing balance
Motor Vehicles 18% Reducing balance
Computer Equipment 18% 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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 year was: 14 (2024: 12)
14 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 328,839 138,473 22,239 489,551
Additions 42,500 - - 42,500
As at 31 August 2025 371,339 138,473 22,239 532,051
Depreciation
As at 1 September 2024 100,696 54,890 12,716 168,302
Provided during the period 49,994 15,045 1,714 66,753
As at 31 August 2025 150,690 69,935 14,430 235,055
Net Book Value
As at 31 August 2025 220,649 68,538 7,809 296,996
As at 1 September 2024 228,143 83,583 9,523 321,249
5. Stocks
2025 2024
£ £
Materials 247,800 319,853
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 59,477 95,851
Other debtors 31,297 15,565
VAT 27,119 -
117,893 111,416
Due after more than one year
Other debtors 22,500 22,500
140,393 133,916
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 59,350 59,350
Trade creditors 135,613 108,365
Bank loans and overdrafts - 19,497
Corporation tax 8,248 -
Other taxes and social security 17,557 111,050
VAT - 1,580
Net wages - 10,930
Other creditors 2,377 -
223,145 310,772
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 82,200 140,974
Directors loan account 199,387 55,413
281,587 196,387
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 59,350 59,350
Later than one year and not later than five years 82,200 140,974
141,550 200,324
141,550 200,324
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The company is controlled by Mr E Alushi who is a director and shareholder of the company.
The balance on the directors' loan account of Mr E Alushi at 31st August 2025 was £199,387 due from the company (2024 - £55,413)
12. Exceptional Items
During the year, the company settled a commercial contract dispute. The matter has been fully resolved and no further liability exists. The total settlement payment of £192,500 has been charged to Other exceptional operating costs in the year.
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