Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11858627 Mr R G Williamson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11858627 2023-03-31 11858627 2024-03-31 11858627 2023-04-01 2024-03-31 11858627 frs-core:CurrentFinancialInstruments 2024-03-31 11858627 frs-core:Non-currentFinancialInstruments 2024-03-31 11858627 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11858627 frs-core:PlantMachinery 2024-03-31 11858627 frs-core:PlantMachinery 2023-04-01 2024-03-31 11858627 frs-core:PlantMachinery 2023-03-31 11858627 frs-core:ShareCapital 2024-03-31 11858627 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11858627 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11858627 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11858627 frs-bus:SmallEntities 2023-04-01 2024-03-31 11858627 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11858627 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11858627 frs-bus:Director1 2023-04-01 2024-03-31 11858627 frs-countries:EnglandWales 2023-04-01 2024-03-31 11858627 2022-03-31 11858627 2023-03-31 11858627 2022-04-01 2023-03-31 11858627 frs-core:CurrentFinancialInstruments 2023-03-31 11858627 frs-core:Non-currentFinancialInstruments 2023-03-31 11858627 frs-core:ShareCapital 2023-03-31 11858627 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11858627
Res Build Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11858627
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,034 17,247
13,034 17,247
CURRENT ASSETS
Stocks 5 - 8,000
Debtors 6 73,775 29,848
Cash at bank and in hand 693 57,193
74,468 95,041
Creditors: Amounts Falling Due Within One Year 7 (67,415 ) (89,962 )
NET CURRENT ASSETS (LIABILITIES) 7,053 5,079
TOTAL ASSETS LESS CURRENT LIABILITIES 20,087 22,326
Creditors: Amounts Falling Due After More Than One Year 8 (12,148 ) (20,987 )
NET ASSETS 7,939 1,339
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 7,937 1,337
SHAREHOLDERS' FUNDS 7,939 1,339
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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 Income Statement.
The financial statements were approved by the board of directors on 25 June 2024 and were signed on its behalf by:
Mr R G Williamson
Director
25 June 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Res Build Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11858627 . The registered office is Second Floor, Finance House, 20/21 Aviation Way, Southend-on-Sea, Essex, SS2 6UN.
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.
2.3. 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
Computer Equipment 20% Reducing Balance
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 17,247
As at 31 March 2024 17,247
Depreciation
As at 1 April 2023 -
Provided during the period 4,213
As at 31 March 2024 4,213
Net Book Value
As at 31 March 2024 13,034
As at 1 April 2023 17,247
5. Stocks
2024 2023
£ £
Work in progress - 8,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,160 18,645
Other debtors 24,615 11,203
73,775 29,848
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,440 23,737
Other creditors 369 -
Taxation and social security 56,606 66,225
67,415 89,962
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,148 20,987
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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