Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10740869 Mr R D Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10740869 2022-11-30 10740869 2023-11-30 10740869 2022-12-01 2023-11-30 10740869 frs-core:CurrentFinancialInstruments 2023-11-30 10740869 frs-core:Non-currentFinancialInstruments 2023-11-30 10740869 frs-core:ComputerEquipment 2023-11-30 10740869 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10740869 frs-core:ComputerEquipment 2022-11-30 10740869 frs-core:ShareCapital 2023-11-30 10740869 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10740869 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10740869 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10740869 frs-bus:SmallEntities 2022-12-01 2023-11-30 10740869 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10740869 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10740869 frs-bus:Director1 2022-12-01 2023-11-30 10740869 frs-bus:Director1 2022-11-30 10740869 frs-bus:Director1 2023-11-30 10740869 frs-countries:EnglandWales 2022-12-01 2023-11-30 10740869 2021-11-30 10740869 2022-11-30 10740869 2021-12-01 2022-11-30 10740869 frs-core:CurrentFinancialInstruments 2022-11-30 10740869 frs-core:Non-currentFinancialInstruments 2022-11-30 10740869 frs-core:ShareCapital 2022-11-30 10740869 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10740869
Red Rooves Limited
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: 10740869
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,863 3,152
1,863 3,152
CURRENT ASSETS
Debtors 5 11,445 20,428
Cash at bank and in hand 37,707 70,112
49,152 90,540
Creditors: Amounts Falling Due Within One Year 6 (29,472 ) (59,786 )
NET CURRENT ASSETS (LIABILITIES) 19,680 30,754
TOTAL ASSETS LESS CURRENT LIABILITIES 21,543 33,906
Creditors: Amounts Falling Due After More Than One Year 7 (14,000 ) (21,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (354 ) (599 )
NET ASSETS 7,189 12,307
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 7,188 12,306
SHAREHOLDERS' FUNDS 7,189 12,307
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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 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 R D Smith
Director
3 June 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
Red Rooves Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10740869 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Office equipment 4 Years Straight Line
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
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4. Tangible Assets
Office equipment
£
Cost
As at 1 December 2022 7,102
Additions 416
As at 30 November 2023 7,518
Depreciation
As at 1 December 2022 3,950
Provided during the period 1,705
As at 30 November 2023 5,655
Net Book Value
As at 30 November 2023 1,863
As at 1 December 2022 3,152
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 11,445 20,428
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 187
Bank loans and overdrafts 7,000 7,000
Corporation tax 3,814 3,598
Other taxes and social security 6,916 5,911
VAT 9,517 18,313
Other creditors - 22,627
Accruals and deferred income 2,225 2,150
29,472 59,786
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,000 21,000
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The loans held are 100% secured via the government-backed bounce back loan scheme.
2023 2022
£ £
Bank loans and overdrafts 21,000 28,000
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Robert Smith 20,427 38,316 48,299 - 10,444
11. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 20,450 -
12. Related Party Transactions
The following related party transactions were undertaken during the year:
A director of the company withdrew amounts totalling £38,316 (2022: £24,749) and introduced amounts totalling £48,299 (2022: £4,875). At the balance sheet date the balance receiveable was £10,444 (2022: £20,427).
Dividends were paid to the directors in respect of their shareholdings totalling £20,450 (2022: £Nil).
The aggregate remuneration paid to key management personnel for the year was £28,000 (2022: £41,057).
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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