Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10478316 Ms Sophie Brewster Mr Joshua Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10478316 2022-11-30 10478316 2023-11-30 10478316 2022-12-01 2023-11-30 10478316 frs-core:CurrentFinancialInstruments 2023-11-30 10478316 frs-core:FurnitureFittings 2023-11-30 10478316 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10478316 frs-core:FurnitureFittings 2022-11-30 10478316 frs-core:NetGoodwill 2023-11-30 10478316 frs-core:NetGoodwill 2022-12-01 2023-11-30 10478316 frs-core:NetGoodwill 2022-11-30 10478316 frs-core:ShareCapital 2023-11-30 10478316 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10478316 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10478316 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10478316 frs-bus:SmallEntities 2022-12-01 2023-11-30 10478316 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10478316 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10478316 frs-bus:Director1 2022-12-01 2023-11-30 10478316 frs-bus:Director2 2022-12-01 2023-11-30 10478316 frs-countries:EnglandWales 2022-12-01 2023-11-30 10478316 2021-11-30 10478316 2022-11-30 10478316 2021-12-01 2022-11-30 10478316 frs-core:CurrentFinancialInstruments 2022-11-30 10478316 frs-core:ShareCapital 2022-11-30 10478316 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10478316
ROOMSMITHS LTD
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10478316
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 127 225
127 225
CURRENT ASSETS
Debtors 6 1,098 1,033
Cash at bank and in hand 1,639 617
2,737 1,650
Creditors: Amounts Falling Due Within One Year 7 (19,006 ) (10,812 )
NET CURRENT ASSETS (LIABILITIES) (16,269 ) (9,162 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,142 ) (8,937 )
NET LIABILITIES (16,142 ) (8,937 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (16,242 ) (9,037 )
SHAREHOLDERS' FUNDS (16,142) (8,937)
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For the year ending 30 November 2023 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
Ms Sophie Brewster
Director
Mr Joshua Carter
Director
19/06/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ROOMSMITHS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10478316 . The registered office is 1st Floor 30-34 George Place, Plymouth, Devon, PL1 3NY.
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 3 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:
Fixtures & Fittings 15% Straight Line
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 7,000
As at 30 November 2023 7,000
Amortisation
As at 1 December 2022 7,000
As at 30 November 2023 7,000
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 819
As at 30 November 2023 819
Depreciation
As at 1 December 2022 594
Provided during the period 98
As at 30 November 2023 692
Net Book Value
As at 30 November 2023 127
As at 1 December 2022 225
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,098 1,033
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) (1 )
Other creditors 19,007 11,122
Taxation and social security - (309 )
19,006 10,812
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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