Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02109649 Mr Ian Corderoy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02109649 2023-03-31 02109649 2024-03-31 02109649 2023-04-01 2024-03-31 02109649 frs-core:CurrentFinancialInstruments 2024-03-31 02109649 frs-core:Non-currentFinancialInstruments 2024-03-31 02109649 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02109649 frs-core:FurnitureFittings 2024-03-31 02109649 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02109649 frs-core:FurnitureFittings 2023-03-31 02109649 frs-core:NetGoodwill 2024-03-31 02109649 frs-core:NetGoodwill 2023-04-01 2024-03-31 02109649 frs-core:NetGoodwill 2023-03-31 02109649 frs-core:MotorVehicles 2024-03-31 02109649 frs-core:MotorVehicles 2023-04-01 2024-03-31 02109649 frs-core:MotorVehicles 2023-03-31 02109649 frs-core:PlantMachinery 2024-03-31 02109649 frs-core:PlantMachinery 2023-04-01 2024-03-31 02109649 frs-core:PlantMachinery 2023-03-31 02109649 frs-core:ShareCapital 2024-03-31 02109649 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02109649 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02109649 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02109649 frs-bus:SmallEntities 2023-04-01 2024-03-31 02109649 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02109649 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02109649 frs-bus:Director1 2023-04-01 2024-03-31 02109649 frs-countries:EnglandWales 2023-04-01 2024-03-31 02109649 2022-03-31 02109649 2023-03-31 02109649 2022-04-01 2023-03-31 02109649 frs-core:CurrentFinancialInstruments 2023-03-31 02109649 frs-core:Non-currentFinancialInstruments 2023-03-31 02109649 frs-core:ShareCapital 2023-03-31 02109649 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02109649
Rayvac Airtemp Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
SIFAR LTD
Unit 14, The Maltings Industrial Estate
Hall Road
Southminster
Essex
CM0 7EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02109649
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 30,039 39,650
30,039 39,650
CURRENT ASSETS
Stocks 6 1,600 3,000
Debtors 7 65,521 43,838
Cash at bank and in hand 26,323 25,486
93,444 72,324
Creditors: Amounts Falling Due Within One Year 8 (48,668 ) (35,463 )
NET CURRENT ASSETS (LIABILITIES) 44,776 36,861
TOTAL ASSETS LESS CURRENT LIABILITIES 74,815 76,511
Creditors: Amounts Falling Due After More Than One Year 9 (10,911 ) (19,289 )
NET ASSETS 63,904 57,222
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 63,804 57,122
SHAREHOLDERS' FUNDS 63,904 57,222
Page 1
Page 2
For the year ending 31 March 2024 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 Ian Corderoy
Director
29th July 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
Rayvac Airtemp Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02109649 . The registered office is 9 Shelly Avenue, Langdon Hills, Basildon, Essex, SS16 6DQ.
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 5 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% 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. 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.
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 85,000
As at 31 March 2024 85,000
Amortisation
As at 1 April 2023 85,000
As at 31 March 2024 85,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 28,824 44,095 1,523 74,442
Additions - - 262 262
As at 31 March 2024 28,824 44,095 1,785 74,704
Depreciation
As at 1 April 2023 28,032 5,902 858 34,792
Provided during the period 198 9,481 194 9,873
As at 31 March 2024 28,230 15,383 1,052 44,665
Net Book Value
As at 31 March 2024 594 28,712 733 30,039
As at 1 April 2023 792 38,193 665 39,650
6. Stocks
2024 2023
£ £
Stock 1,600 3,000
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,394 42,686
Prepayments and accrued income 2,331 991
VAT Debtor 8,796 161
65,521 43,838
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,743 12,349
Bank loans and overdrafts 9,078 10,992
Corporation tax 15,982 7,746
Other taxes and social security 1,335 1,139
Other creditors 5,769 3,194
Director's loan account 761 43
48,668 35,463
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,911 19,289
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5