Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05024508 Mr Michael Price Ms Jacqueline Thomas Mrs Joanna Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05024508 2022-12-31 05024508 2023-12-31 05024508 2023-01-01 2023-12-31 05024508 frs-core:CurrentFinancialInstruments 2023-12-31 05024508 frs-core:ComputerEquipment 2023-12-31 05024508 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05024508 frs-core:ComputerEquipment 2022-12-31 05024508 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05024508 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05024508 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 05024508 frs-core:PlantMachinery 2023-12-31 05024508 frs-core:PlantMachinery 2023-01-01 2023-12-31 05024508 frs-core:PlantMachinery 2022-12-31 05024508 frs-core:ShareCapital 2023-12-31 05024508 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05024508 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05024508 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05024508 frs-bus:SmallEntities 2023-01-01 2023-12-31 05024508 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05024508 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05024508 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05024508 frs-bus:OrdinaryShareClass1 2023-12-31 05024508 frs-bus:Director1 2023-01-01 2023-12-31 05024508 frs-bus:Director2 2023-01-01 2023-12-31 05024508 frs-bus:Director3 2023-01-01 2023-12-31 05024508 frs-countries:EnglandWales 2023-01-01 2023-12-31 05024508 2021-12-31 05024508 2022-12-31 05024508 2022-01-01 2022-12-31 05024508 frs-core:CurrentFinancialInstruments 2022-12-31 05024508 frs-core:ShareCapital 2022-12-31 05024508 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05024508 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 05024508
Red Cedar Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05024508
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,160,000 1,160,875
1,160,000 1,160,875
CURRENT ASSETS
Stocks 5 221,173 221,173
Cash at bank and in hand 4,924 5,282
226,097 226,455
Creditors: Amounts Falling Due Within One Year 6 (696,786 ) (712,499 )
NET CURRENT ASSETS (LIABILITIES) (470,689 ) (486,044 )
TOTAL ASSETS LESS CURRENT LIABILITIES 689,311 674,831
PROVISIONS FOR LIABILITIES
Deferred Taxation (94,333 ) (94,333 )
NET ASSETS 594,978 580,498
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 594,878 580,398
SHAREHOLDERS' FUNDS 594,978 580,498
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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
Ms Jacqueline Thomas
Director
09/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Red Cedar Limited Registered number 05024508 is a limited by shares company incorporated in England & Wales. The Registered Office is Daycroft, Green Street, Redwick, Magor, Caldicot, Monmouthshire, NP26 3DY.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Freehold 0%
Plant & Machinery 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less. Investment properties shall be included in the balance sheet at their market value.

As required by FRS 102 (1A) any unrealised gains or losses on investment properties as a result of fluctuations in their market value are taken to the income statement.
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.
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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.

The deferred tax in these financial statements includes a provision for deferred tax on unrealised gains in respect of investment properties as required by FRS 102 (1A).
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 3 1
3 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 January 2023 1,160,000 3,500 352 1,163,852
As at 31 December 2023 1,160,000 3,500 352 1,163,852
...CONTINUED
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Depreciation
As at 1 January 2023 - 2,625 352 2,977
Provided during the period - 875 - 875
As at 31 December 2023 - 3,500 352 3,852
Net Book Value
As at 31 December 2023 1,160,000 - - 1,160,000
As at 1 January 2023 1,160,000 875 - 1,160,875
The Investment property values have been estimated by the Director as at 31 December 2023.
5. Stocks
2023 2022
£ £
Stock 221,173 221,173
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12 -
Corporation tax 3,602 22,055
Other taxes and social security 76 -
Directors' loan accounts 693,096 690,444
696,786 712,499
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
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