Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11800337 Mr Paul Durrant Mr Paul Fitzpatrick Mr Christopher Leone Mr Benjamin Warren Mr Richard West iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11800337 2023-03-31 11800337 2024-03-31 11800337 2023-04-01 2024-03-31 11800337 frs-core:CurrentFinancialInstruments 2024-03-31 11800337 frs-core:Non-currentFinancialInstruments 2024-03-31 11800337 frs-core:ComputerEquipment 2024-03-31 11800337 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11800337 frs-core:ComputerEquipment 2023-03-31 11800337 frs-core:FurnitureFittings 2024-03-31 11800337 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11800337 frs-core:FurnitureFittings 2023-03-31 11800337 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 11800337 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 11800337 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 11800337 frs-core:MotorVehicles 2024-03-31 11800337 frs-core:MotorVehicles 2023-04-01 2024-03-31 11800337 frs-core:MotorVehicles 2023-03-31 11800337 frs-core:ShareCapital 2024-03-31 11800337 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11800337 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11800337 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11800337 frs-bus:SmallEntities 2023-04-01 2024-03-31 11800337 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11800337 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11800337 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11800337 frs-bus:OrdinaryShareClass1 2024-03-31 11800337 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 11800337 frs-bus:OrdinaryShareClass2 2024-03-31 11800337 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 11800337 frs-bus:OrdinaryShareClass3 2024-03-31 11800337 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 11800337 frs-bus:OrdinaryShareClass4 2024-03-31 11800337 frs-bus:OrdinaryShareClass5 2023-04-01 2024-03-31 11800337 frs-bus:OrdinaryShareClass5 2024-03-31 11800337 frs-core:DeferredTaxation 2023-04-01 2024-03-31 11800337 frs-core:DeferredTaxation 2024-03-31 11800337 frs-bus:Director1 2023-04-01 2024-03-31 11800337 frs-bus:Director2 2023-04-01 2024-03-31 11800337 frs-bus:Director3 2023-04-01 2024-03-31 11800337 frs-bus:Director4 2023-04-01 2024-03-31 11800337 frs-bus:Director5 2023-04-01 2024-03-31 11800337 frs-countries:EnglandWales 2023-04-01 2024-03-31 11800337 2022-03-31 11800337 2023-03-31 11800337 2022-04-01 2023-03-31 11800337 frs-core:CurrentFinancialInstruments 2023-03-31 11800337 frs-core:Non-currentFinancialInstruments 2023-03-31 11800337 frs-core:ShareCapital 2023-03-31 11800337 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11800337 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11800337 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 11800337 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31 11800337 frs-bus:OrdinaryShareClass4 2022-04-01 2023-03-31 11800337 frs-bus:OrdinaryShareClass5 2022-04-01 2023-03-31
Registered number: 11800337
Regency Grove Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11800337
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,375 49,198
58,375 49,198
CURRENT ASSETS
Debtors 5 585,462 456,201
Cash at bank and in hand 1,019,161 794,738
1,604,623 1,250,939
Creditors: Amounts Falling Due Within One Year 6 (488,209 ) (232,514 )
NET CURRENT ASSETS (LIABILITIES) 1,116,414 1,018,425
TOTAL ASSETS LESS CURRENT LIABILITIES 1,174,789 1,067,623
Creditors: Amounts Falling Due After More Than One Year 7 (16,742 ) (26,562 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,594 ) -
NET ASSETS 1,143,453 1,041,061
CAPITAL AND RESERVES
Called up share capital 9 55 55
Profit and Loss Account 1,143,398 1,041,006
SHAREHOLDERS' FUNDS 1,143,453 1,041,061
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 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.
On behalf of the board
Mr Paul Durrant
Director
29/07/2024
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
Regency Grove Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11800337 . The registered office is No. 5 The Heights, Brooklands, Weybridge, Surrey, KT13 0NY.
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.
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. 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:
Leasehold Improvements Over life of relevant lease
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 24)
29 24
4. Tangible Assets
Land & Property
Leasehold Improvements Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 27,160 1,000 5,160 22,656 55,976
Additions 3,959 - 2,582 15,036 21,577
As at 31 March 2024 31,119 1,000 7,742 37,692 77,553
Depreciation
As at 1 April 2023 - 229 718 5,831 6,778
Provided during the period 3,112 193 1,795 7,300 12,400
As at 31 March 2024 3,112 422 2,513 13,131 19,178
...CONTINUED
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Net Book Value
As at 31 March 2024 28,007 578 5,229 24,561 58,375
As at 1 April 2023 27,160 771 4,442 16,825 49,198
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 462,637 351,259
Prepayments and accrued income 41,112 26,019
Other debtors 81,713 78,923
585,462 456,201
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,854 20,336
Bank loans and overdrafts 10,648 10,648
Other taxes and social security 253,153 116,587
VAT 168,793 83,719
Other creditors 14,761 54
Accruals and deferred income - 1,170
488,209 232,514
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,742 26,562
8. Provisions for Liabilities
Deferred Tax Total
£ £
Deferred taxation 14,594 14,594
Balance at 31 March 2024 14,594 14,594
Deferred tax is in relation to accelerated capital allowances.
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 5.00 each 5 5
1 Ordinary A shares of £ 10.00 each 10 10
1 Ordinary B shares of £ 10.00 each 10 10
1 Ordinary C shares of £ 10.00 each 10 10
1 Ordinary D shares of £ 10.00 each 10 10
1 Ordinary E shares of £ 10.00 each 10 10
55 55
Page 5