Acorah Software Products - Accounts Production 14.5.501 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04118610 Mr. Jonathan Willis Mr Anthony Day Mr Philip Oliver Mr David Shuttleworth Mr Stephen Morris Mr Philip Oliver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04118610 2022-12-31 04118610 2023-12-31 04118610 2023-01-01 2023-12-31 04118610 frs-core:CurrentFinancialInstruments 2023-12-31 04118610 frs-core:FurnitureFittings 2023-12-31 04118610 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04118610 frs-core:FurnitureFittings 2022-12-31 04118610 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04118610 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04118610 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 04118610 frs-core:PlantMachinery 2023-12-31 04118610 frs-core:PlantMachinery 2023-01-01 2023-12-31 04118610 frs-core:PlantMachinery 2022-12-31 04118610 frs-core:OtherReservesSubtotal 2023-12-31 04118610 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04118610 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 04118610 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04118610 frs-bus:SmallEntities 2023-01-01 2023-12-31 04118610 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04118610 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04118610 frs-bus:Director1 2023-01-01 2023-12-31 04118610 frs-bus:Director2 2023-01-01 2023-12-31 04118610 frs-bus:Director3 2023-01-01 2023-12-31 04118610 frs-bus:Director4 2023-01-01 2023-12-31 04118610 frs-bus:Director5 2023-01-01 2023-12-31 04118610 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04118610 frs-core:CurrentFinancialInstruments 1 2023-12-31 04118610 frs-countries:EnglandWales 2023-01-01 2023-12-31 04118610 2021-12-31 04118610 2022-12-31 04118610 2022-01-01 2022-12-31 04118610 frs-core:CurrentFinancialInstruments 2022-12-31 04118610 frs-core:OtherReservesSubtotal 2022-12-31 04118610 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04118610 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 04118610
Redmire Water Supply Fund
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04118610
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,952 5,458
14,952 5,458
CURRENT ASSETS
Debtors 5 2,497 1,430
Cash at bank and in hand 32,638 39,109
35,135 40,539
Creditors: Amounts Falling Due Within One Year 6 (3,003 ) (661 )
NET CURRENT ASSETS (LIABILITIES) 32,132 39,878
TOTAL ASSETS LESS CURRENT LIABILITIES 47,084 45,336
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,841 ) (1,037 )
NET ASSETS 44,243 44,299
RESERVES
Other reserves 51,054 51,054
Income and Expenditure Account (6,811 ) (6,755 )
MEMBERS' FUNDS 44,243 44,299
Page 1
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 Income and Expenditure Account.
On behalf of the board
Mr. Jonathan Willis
Director
Mr Anthony Day
Director
Mr Philip Oliver
Director
08/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redmire Water Supply Fund is a private company, limited by guarantee, incorporated in England & Wales, registered number 04118610 . The registered office is Low Pasture, Redmire, Leyburn, North Yorkshire, DL8 4EQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Freehold 5% reducing balance
Plant & Machinery 25% reducing balance
Fixtures & Fittings 10% reducing balance
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 surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit, 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 10,500 38,336 10,900 59,736
Additions - 10,000 - 10,000
As at 31 December 2023 10,500 48,336 10,900 69,736
Depreciation
As at 1 January 2023 7,104 37,479 9,695 54,278
Provided during the period 170 215 121 506
As at 31 December 2023 7,274 37,694 9,816 54,784
Net Book Value
As at 31 December 2023 3,226 10,642 1,084 14,952
As at 1 January 2023 3,396 857 1,205 5,458
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 500
Prepayments and accrued income 320 282
VAT 2,177 648
2,497 1,430
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,200 315
Other creditors 805 345
Other creditors (1) (2 ) 1
3,003 661
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4