Acorah Software Products - Accounts Production 15.0.500 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07283051 Mrs JULIE WATT Mr IAN WATT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07283051 2023-06-30 07283051 2024-06-30 07283051 2023-07-01 2024-06-30 07283051 frs-core:Non-currentFinancialInstruments 2024-06-30 07283051 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07283051 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07283051 frs-core:ShareCapital 2024-06-30 07283051 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07283051 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07283051 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 07283051 frs-bus:SmallEntities 2023-07-01 2024-06-30 07283051 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07283051 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07283051 frs-core:DeferredTaxation 2023-07-01 2024-06-30 07283051 frs-core:DeferredTaxation 2023-06-30 07283051 frs-core:DeferredTaxation 2024-06-30 07283051 frs-bus:Director1 2023-07-01 2024-06-30 07283051 frs-bus:Director2 2023-07-01 2024-06-30 07283051 frs-countries:EnglandWales 2023-07-01 2024-06-30 07283051 2022-06-30 07283051 2023-06-30 07283051 2022-07-01 2023-06-30 07283051 frs-core:Non-currentFinancialInstruments 2023-06-30 07283051 frs-core:ShareCapital 2023-06-30 07283051 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07283051
RALLY-O LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Ian Watt Accounting Services Ltd
48 Bardsway Avenue
BLACKPOOL
LANCASHIRE
FY3 8JR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07283051
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41 55
41 55
CURRENT ASSETS
Stocks 858 724
Cash at bank and in hand 1,418 621
2,276 1,345
Creditors: Amounts Falling Due Within One Year (1,465 ) (617 )
NET CURRENT ASSETS (LIABILITIES) 811 728
TOTAL ASSETS LESS CURRENT LIABILITIES 852 783
Creditors: Amounts Falling Due After More Than One Year (8,745 ) (9,115 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 5 (7 ) (10 )
NET LIABILITIES (7,900 ) (8,342 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (8,000 ) (8,442 )
SHAREHOLDERS' FUNDS (7,900) (8,342)
Page 1
Page 2
For the year ending 30 June 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr IAN WATT
Director
2nd August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
RALLY-O LIMITED Registered number 07283051 is a limited by shares company incorporated in England & Wales. The Registered Office is 48 BARDSWAY AVENUE, BLACKPOOL, LANCASHIRE, FY3 8JR.
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. 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Fixtures & Fittings 25.0% reducing balance
Computer Equipment 33.3% on cost
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
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. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted 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 profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. 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: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 3,959
As at 30 June 2024 3,959
Depreciation
As at 1 July 2023 3,904
Provided during the period 14
As at 30 June 2024 3,918
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 41
As at 1 July 2023 55
5. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2024 2023
£ £
Other timing differences 7 10
6. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 10 10
Deferred taxation (3 ) (3 )
Balance at 30 June 2024 7 7
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4