Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04264978 R J Tapp K M Tapp K M Tapp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04264978 2022-12-31 04264978 2023-12-31 04264978 2023-01-01 2023-12-31 04264978 frs-core:CurrentFinancialInstruments 2023-12-31 04264978 frs-core:Non-currentFinancialInstruments 2023-12-31 04264978 frs-core:FurnitureFittings 2023-12-31 04264978 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04264978 frs-core:FurnitureFittings 2022-12-31 04264978 frs-core:MotorVehicles 2023-12-31 04264978 frs-core:MotorVehicles 2023-01-01 2023-12-31 04264978 frs-core:MotorVehicles 2022-12-31 04264978 frs-core:ShareCapital 2023-12-31 04264978 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04264978 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04264978 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04264978 frs-bus:SmallEntities 2023-01-01 2023-12-31 04264978 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04264978 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04264978 frs-bus:Director1 2023-01-01 2023-12-31 04264978 frs-bus:Director2 2023-01-01 2023-12-31 04264978 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04264978 frs-countries:EnglandWales 2023-01-01 2023-12-31 04264978 2021-12-31 04264978 2022-12-31 04264978 2022-01-01 2022-12-31 04264978 frs-core:CurrentFinancialInstruments 2022-12-31 04264978 frs-core:Non-currentFinancialInstruments 2022-12-31 04264978 frs-core:ShareCapital 2022-12-31 04264978 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04264978
RT Screen & Design Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04264978
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 17,171 22,026
17,171 22,026
CURRENT ASSETS
Stocks 15,500 15,500
Debtors 6 23,334 16,481
Cash at bank and in hand 24,984 43,124
63,818 75,105
Creditors: Amounts Falling Due Within One Year 7 (26,899 ) (41,716 )
NET CURRENT ASSETS (LIABILITIES) 36,919 33,389
TOTAL ASSETS LESS CURRENT LIABILITIES 54,090 55,415
Creditors: Amounts Falling Due After More Than One Year 8 (6,750 ) (9,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,262 ) (4,407 )
NET ASSETS 44,078 41,258
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 44,076 41,256
SHAREHOLDERS' FUNDS 44,078 41,258
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Page 2
For the year ending 31 December 2023 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
R J Tapp
Director
K M Tapp
Director
28 March 2024
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
RT Screen & Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04264978 . The registered office is Unit 1 Paladin House Budlake Road, Marsh Barton Trading Estate, Exeter, EX2 8PY.
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, excluding discounts and value added taxes. Turnover includes revenue earned from the sale of goods and services.
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:
Motor Vehicles 25% reducing balance
Plant & Machinery 20% reducing balance
2.4. 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.
2.5. 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.
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2.6. 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: 3 (2022: 3)
3 3
5. Tangible Assets
Motor Vehicles Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 23,137 89,492 112,629
Additions - 298 298
As at 31 December 2023 23,137 89,790 112,927
Depreciation
As at 1 January 2023 9,114 81,489 90,603
Provided during the period 3,506 1,647 5,153
As at 31 December 2023 12,620 83,136 95,756
Net Book Value
As at 31 December 2023 10,517 6,654 17,171
As at 1 January 2023 14,023 8,003 22,026
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,679 13,166
Other debtors 3,655 3,315
23,334 16,481
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,311 5,355
Bank loans and overdrafts 3,000 3,000
Other creditors 915 21,462
Taxation and social security 13,673 11,899
26,899 41,716
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,750 9,750
6,750 9,750
Page 5