Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 6549550 Mr Laurie John Thornhill Mr Stephen Robert Vincent Mr Andrew Fletcher Mr Stuart Farrag iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6549550 2022-10-31 6549550 2023-10-31 6549550 2022-11-01 2023-10-31 6549550 frs-core:CurrentFinancialInstruments 2023-10-31 6549550 frs-core:Non-currentFinancialInstruments 2023-10-31 6549550 frs-core:ComputerEquipment 2023-10-31 6549550 frs-core:ComputerEquipment 2022-11-01 2023-10-31 6549550 frs-core:ComputerEquipment 2022-10-31 6549550 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 6549550 frs-core:FurnitureFittings 2023-10-31 6549550 frs-core:FurnitureFittings 2022-11-01 2023-10-31 6549550 frs-core:FurnitureFittings 2022-10-31 6549550 frs-core:OtherResidualIntangibleAssets 2023-10-31 6549550 frs-core:OtherResidualIntangibleAssets 2022-10-31 6549550 frs-core:SharePremium 2023-10-31 6549550 frs-core:ShareCapital 2023-10-31 6549550 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 6549550 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 6549550 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 6549550 frs-bus:SmallEntities 2022-11-01 2023-10-31 6549550 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 6549550 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 6549550 frs-bus:Director1 2022-11-01 2023-10-31 6549550 frs-bus:Director2 2022-11-01 2023-10-31 6549550 frs-bus:Director3 2022-11-01 2023-10-31 6549550 frs-bus:Director4 2022-11-01 2023-10-31 6549550 frs-core:CurrentFinancialInstruments 1 2023-10-31 6549550 frs-countries:EnglandWales 2022-11-01 2023-10-31 6549550 2021-10-31 6549550 2022-10-31 6549550 2021-11-01 2022-10-31 6549550 frs-core:CurrentFinancialInstruments 2022-10-31 6549550 frs-core:Non-currentFinancialInstruments 2022-10-31 6549550 frs-core:SharePremium 2022-10-31 6549550 frs-core:ShareCapital 2022-10-31 6549550 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 6549550 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 6549550
Retarius Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Vincent & Co Accountants Limited
Certified Public Accountants
37 Shiphay Lane
Torquay
Devon
TQ2 7DU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6549550
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 12,000
Tangible Assets 5 4,538 5,338
16,538 17,338
CURRENT ASSETS
Work in progress 6 5,000 37,500
Debtors 7 23,131 3,195
Cash at bank and in hand 67,728 109,077
95,859 149,772
Creditors: Amounts Falling Due Within One Year 8 (37,679 ) (44,053 )
NET CURRENT ASSETS (LIABILITIES) 58,180 105,719
TOTAL ASSETS LESS CURRENT LIABILITIES 74,718 123,057
Creditors: Amounts Falling Due After More Than One Year 9 (29,990 ) (38,865 )
NET ASSETS 44,728 84,192
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 9,000 9,000
Profit and Loss Account 34,728 74,192
SHAREHOLDERS' FUNDS 44,728 84,192
Page 1
Page 2
For the year ending 31 October 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
Mr Stuart Farrag
Director
20/12/2023
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
Retarius Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6549550 . The registered office is 37 Shiphay Lane, Torquay, Devon, TQ2 7DU.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Fixtures & Fittings 25% Reducing Balance Basis
Computer Equipment 25% Reducing Balance Basis
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. 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 years 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 assets reflect 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 12,000
As at 31 October 2023 12,000
Net Book Value
As at 31 October 2023 12,000
As at 1 November 2022 12,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 53,484 12,821 66,305
As at 31 October 2023 53,484 12,821 66,305
Depreciation
As at 1 November 2022 51,701 9,266 60,967
Provided during the period 594 206 800
As at 31 October 2023 52,295 9,472 61,767
Net Book Value
As at 31 October 2023 1,189 3,349 4,538
As at 1 November 2022 1,783 3,555 5,338
6. Work in progress
2023 2022
£ £
Work in progress 5,000 37,500
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 23,131 -
VAT - 3,048
23,131 3,048
Due after more than one year
VAT - 147
- 147
23,131 3,195
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 701 14,064
Bank loans and overdrafts 613 -
Corporation tax 14,968 2,012
Other taxes and social security 5,297 2,283
VAT 4,727 -
Other creditors - 2,062
Barclaycard 11,373 23,632
37,679 44,053
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 29,990 38,865
29,990 38,865
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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