Acorah Software Products - Accounts Production 14.5.501 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06810606 Mr Mark Lowe Mr Mark Self iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06810606 2023-01-31 06810606 2024-01-31 06810606 2023-02-01 2024-01-31 06810606 frs-core:CurrentFinancialInstruments 2024-01-31 06810606 frs-core:Non-currentFinancialInstruments 2024-01-31 06810606 frs-core:FurnitureFittings 2024-01-31 06810606 frs-core:FurnitureFittings 2023-02-01 2024-01-31 06810606 frs-core:FurnitureFittings 2023-01-31 06810606 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 06810606 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 06810606 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 06810606 frs-core:PlantMachinery 2024-01-31 06810606 frs-core:PlantMachinery 2023-02-01 2024-01-31 06810606 frs-core:PlantMachinery 2023-01-31 06810606 frs-core:ShareCapital 2024-01-31 06810606 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06810606 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06810606 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06810606 frs-bus:SmallEntities 2023-02-01 2024-01-31 06810606 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06810606 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06810606 frs-core:CostValuation 2023-01-31 06810606 frs-core:DisposalsRepaymentsInvestments 2024-01-31 06810606 frs-core:CostValuation 2024-01-31 06810606 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 06810606 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 06810606 frs-core:ListedExchangeTraded 2024-01-31 06810606 frs-core:ListedExchangeTraded 2023-01-31 06810606 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-01-31 06810606 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-01-31 06810606 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-01-31 06810606 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-01-31 06810606 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-01-31 06810606 frs-bus:Director1 2023-02-01 2024-01-31 06810606 frs-bus:Director1 2023-01-31 06810606 frs-bus:Director1 2024-01-31 06810606 frs-bus:Director2 2023-02-01 2024-01-31 06810606 frs-bus:Director2 2023-01-31 06810606 frs-bus:Director2 2024-01-31 06810606 frs-countries:EnglandWales 2023-02-01 2024-01-31 06810606 2022-01-31 06810606 2023-01-31 06810606 2022-02-01 2023-01-31 06810606 frs-core:CurrentFinancialInstruments 2023-01-31 06810606 frs-core:Non-currentFinancialInstruments 2023-01-31 06810606 frs-core:ShareCapital 2023-01-31 06810606 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06810606
Remote Audio Visual Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
TaxAssist Accountants Bolton
353 Halliwell Road
Bolton
Lancashire
BL1 8DF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06810606
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 110,262 124,243
Investments 5 - 156,412
110,262 280,655
CURRENT ASSETS
Debtors 6 91,098 34,565
Cash at bank and in hand 404,479 361,871
495,577 396,436
Creditors: Amounts Falling Due Within One Year 7 (117,605 ) (67,614 )
NET CURRENT ASSETS (LIABILITIES) 377,972 328,822
TOTAL ASSETS LESS CURRENT LIABILITIES 488,234 609,477
Creditors: Amounts Falling Due After More Than One Year 8 (24,042 ) (33,933 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,722 ) (21,290 )
NET ASSETS 439,470 554,254
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 439,468 554,252
SHAREHOLDERS' FUNDS 439,470 554,254
Page 1
Page 2
For the year ending 31 January 2024 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 Mark Lowe
Director
Mr Mark Self
Director
26/03/2024
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
Remote Audio Visual Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06810606 . The registered office is Unit 34 Peel Mills Industrial Estate, Chamberhall Street, Bury, BL9 0LU.
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 25% reducing balance
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. 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: 12 (2023: 11)
12 11
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 3,630 361,618 2,506 367,754
Additions - 30,482 648 31,130
Disposals - (30,296 ) (131 ) (30,427 )
As at 31 January 2024 3,630 361,804 3,023 368,457
Depreciation
As at 1 February 2023 3,146 238,587 1,778 243,511
Provided during the period 121 36,284 330 36,735
Disposals - (22,012 ) (39 ) (22,051 )
As at 31 January 2024 3,267 252,859 2,069 258,195
Net Book Value
As at 31 January 2024 363 108,945 954 110,262
As at 1 February 2023 484 123,031 728 124,243
5. Investments
Listed Other Total
£ £ £
Cost
As at 1 February 2023 6,756 149,656 156,412
Disposals (6,756 ) (149,656 ) (156,412 )
As at 31 January 2024 - - -
Provision
As at 1 February 2023 - - -
As at 31 January 2024 - - -
Net Book Value
As at 31 January 2024 - - -
As at 1 February 2023 6,756 149,656 156,412
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,384 25,550
Prepayments and accrued income 8,164 8,825
Other debtors 350 -
Directors' loan accounts 200 190
91,098 34,565
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,030 2,945
Bank loans and overdrafts 1,571 1,387
Corporation tax 73,970 43,657
Other taxes and social security 1,889 1,889
VAT 27,242 16,334
Other creditors 867 824
Accruals and deferred income 2,036 578
117,605 67,614
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,042 33,933
24,042 33,933
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Mark Lowe 95 100 95 - 100
Mr Mark Self 95 100 95 - 100
The above loan is unsecured, interest free and repayable on demand.
Page 5