Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 04940504 Mr Edward Milton Ms Alison Woods Mr Vincent Sheehy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04940504 2023-02-28 04940504 2024-02-28 04940504 2023-03-01 2024-02-28 04940504 frs-core:CurrentFinancialInstruments 2024-02-28 04940504 frs-core:BetweenOneFiveYears 2024-02-28 04940504 frs-core:ComputerEquipment 2024-02-28 04940504 frs-core:ComputerEquipment 2023-03-01 2024-02-28 04940504 frs-core:ComputerEquipment 2023-02-28 04940504 frs-core:NetGoodwill 2024-02-28 04940504 frs-core:NetGoodwill 2023-03-01 2024-02-28 04940504 frs-core:NetGoodwill 2023-02-28 04940504 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 04940504 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 04940504 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 04940504 frs-core:MotorVehicles 2024-02-28 04940504 frs-core:MotorVehicles 2023-03-01 2024-02-28 04940504 frs-core:MotorVehicles 2023-02-28 04940504 frs-core:PlantMachinery 2024-02-28 04940504 frs-core:PlantMachinery 2023-03-01 2024-02-28 04940504 frs-core:PlantMachinery 2023-02-28 04940504 frs-core:WithinOneYear 2024-02-28 04940504 frs-core:ShareCapital 2024-02-28 04940504 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 04940504 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 04940504 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 04940504 frs-bus:SmallEntities 2023-03-01 2024-02-28 04940504 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 04940504 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 04940504 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-28 04940504 frs-bus:OrdinaryShareClass2 2024-02-28 04940504 frs-bus:Director1 2023-03-01 2024-02-28 04940504 frs-bus:Director2 2023-03-01 2024-02-28 04940504 frs-bus:Director3 2023-03-01 2024-02-28 04940504 frs-countries:EnglandWales 2023-03-01 2024-02-28 04940504 2022-02-28 04940504 2023-02-28 04940504 2022-03-01 2023-02-28 04940504 frs-core:CurrentFinancialInstruments 2023-02-28 04940504 frs-core:BetweenOneFiveYears 2023-02-28 04940504 frs-core:WithinOneYear 2023-02-28 04940504 frs-core:ShareCapital 2023-02-28 04940504 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 04940504 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-28
Registered number: 04940504
Reading Pneumatic Services Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04940504
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 29,931 22,374
29,931 22,374
CURRENT ASSETS
Stocks 6 27,000 27,000
Debtors 7 141,923 107,083
Cash at bank and in hand 224,847 247,675
393,770 381,758
Creditors: Amounts Falling Due Within One Year 8 (146,202 ) (145,628 )
NET CURRENT ASSETS (LIABILITIES) 247,568 236,130
TOTAL ASSETS LESS CURRENT LIABILITIES 277,499 258,504
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (7,213 ) (4,251 )
NET ASSETS 270,286 254,253
CAPITAL AND RESERVES
Called up share capital 10 4 4
Income Statement 270,282 254,249
SHAREHOLDERS' FUNDS 270,286 254,253
Page 1
Page 2
For the year ending 28 February 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 Income Statement.
The financial statements were approved by the board of directors on 23 July 2024 and were signed on its behalf by:
Mr Edward Milton
Director
Mr Vincent Sheehy
Director
23/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Reading Pneumatic Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04940504 . The registered office is 38 Bennet Road, Reading, Berkshire, RG2 0QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 10% on cost
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 20% on reducing balance
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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was 5 (2023: 5)
5 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 50,000
As at 28 February 2024 50,000
Amortisation
As at 1 March 2023 50,000
As at 28 February 2024 50,000
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 11,885 75,430 31,680 32,363 151,358
Additions - 3,906 11,000 - 14,906
As at 28 February 2024 11,885 79,336 42,680 32,363 166,264
Depreciation
As at 1 March 2023 11,885 61,835 26,477 28,787 128,984
Provided during the period - 3,500 3,134 715 7,349
As at 28 February 2024 11,885 65,335 29,611 29,502 136,333
Net Book Value
As at 28 February 2024 - 14,001 13,069 2,861 29,931
As at 1 March 2023 - 13,595 5,203 3,576 22,374
6. Stocks
2024 2023
£ £
Work in progress 27,000 27,000
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 126,856 93,543
Other debtors 15,067 13,540
141,923 107,083
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 68,250 80,141
Corporation tax 48,189 39,391
Other taxes and social security 1,255 1,227
VAT 25,622 22,104
Accruals and deferred income 2,886 2,765
146,202 145,628
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2024 2023
£ £
Other timing differences 7,213 4,251
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
4 Ordinary A shares of £ 1 each 4 4
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 34,038 28,412
Later than one year and not later than five years 127,642 161,680
161,680 190,092
12. Directors Advances, Credits and Guarantees
Page 5
Page 6
Dividends paid to directors
2024 2023
£ £
Mr Edward Milton 35,000 30,500
Ms Alison Woods 35,000 30,500
Mr Vincent Sheehy 70,000 61,000
13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 140,000 122,000
Page 6