Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 05972074 Mr Richard Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05972074 2022-10-31 05972074 2023-10-31 05972074 2022-11-01 2023-10-31 05972074 frs-core:CurrentFinancialInstruments 2023-10-31 05972074 frs-core:Non-currentFinancialInstruments 2023-10-31 05972074 frs-core:ComputerEquipment 2023-10-31 05972074 frs-core:ComputerEquipment 2022-11-01 2023-10-31 05972074 frs-core:ComputerEquipment 2022-10-31 05972074 frs-core:NetGoodwill 2023-10-31 05972074 frs-core:NetGoodwill 2022-11-01 2023-10-31 05972074 frs-core:NetGoodwill 2022-10-31 05972074 frs-core:MotorVehicles 2023-10-31 05972074 frs-core:MotorVehicles 2022-11-01 2023-10-31 05972074 frs-core:MotorVehicles 2022-10-31 05972074 frs-core:PlantMachinery 2023-10-31 05972074 frs-core:PlantMachinery 2022-11-01 2023-10-31 05972074 frs-core:PlantMachinery 2022-10-31 05972074 frs-core:ShareCapital 2023-10-31 05972074 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05972074 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05972074 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 05972074 frs-bus:SmallEntities 2022-11-01 2023-10-31 05972074 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05972074 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05972074 frs-bus:Director1 2022-11-01 2023-10-31 05972074 frs-countries:EnglandWales 2022-11-01 2023-10-31 05972074 2021-10-31 05972074 2022-10-31 05972074 2021-11-01 2022-10-31 05972074 frs-core:CurrentFinancialInstruments 2022-10-31 05972074 frs-core:Non-currentFinancialInstruments 2022-10-31 05972074 frs-core:ShareCapital 2022-10-31 05972074 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 05972074
Russell Drainage Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Diverso
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05972074
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,500 18,000
Tangible Assets 5 180,492 98,134
193,992 116,134
CURRENT ASSETS
Stocks 6 1,500 1,800
Debtors 7 192,517 175,129
Cash at bank and in hand 238,955 94,922
432,972 271,851
Creditors: Amounts Falling Due Within One Year 8 (245,901 ) (99,229 )
NET CURRENT ASSETS (LIABILITIES) 187,071 172,622
TOTAL ASSETS LESS CURRENT LIABILITIES 381,063 288,756
Creditors: Amounts Falling Due After More Than One Year 9 (1,317 ) (28,316 )
NET ASSETS 379,746 260,440
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 379,646 260,340
SHAREHOLDERS' FUNDS 379,746 260,440
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Richard Russell
Director
13/02/2024
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
Russell Drainage Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05972074 . The registered office is 1 Pirelli Way, Eastleigh, Hampshire, SO50 5GE.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 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:
Plant & Machinery 20% Straight line
Motor Vehicles 20% Straight line
Computer Equipment 33% Straight line
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 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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:
2023 2022
Office and administration 19 15
19 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 90,000
As at 31 October 2023 90,000
Amortisation
As at 1 November 2022 72,000
Provided during the period 4,500
As at 31 October 2023 76,500
Net Book Value
As at 31 October 2023 13,500
As at 1 November 2022 18,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 323,213 167,331 26,164 516,708
Additions 85,000 48,995 1,640 135,635
As at 31 October 2023 408,213 216,326 27,804 652,343
Depreciation
As at 1 November 2022 306,943 85,492 26,139 418,574
Provided during the period 19,505 33,207 565 53,277
As at 31 October 2023 326,448 118,699 26,704 471,851
Net Book Value
As at 31 October 2023 81,765 97,627 1,100 180,492
As at 1 November 2022 16,270 81,839 25 98,134
Page 4
Page 5
6. Stocks
2023 2022
£ £
Finished goods 1,500 1,800
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 169,356 126,369
Director's loan account 23,161 48,760
192,517 175,129
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 3
Corporation tax 58,211 18,923
Other taxes and social security 10,989 11,666
VAT 52,459 29,400
Net wages 3,458 29,343
Other creditors 119,669 8,780
Accruals and deferred income 1,114 1,114
245,901 99,229
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,317 28,316
1,317 28,316
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5