Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 07857343 Kim Stanislas-Regisford Eard Regisford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07857343 2022-11-30 07857343 2023-11-30 07857343 2022-12-01 2023-11-30 07857343 frs-core:CurrentFinancialInstruments 2023-11-30 07857343 frs-core:Non-currentFinancialInstruments 2023-11-30 07857343 frs-core:ComputerEquipment 2022-12-01 2023-11-30 07857343 frs-core:NetGoodwill 2022-12-01 2023-11-30 07857343 frs-core:MotorVehicles 2023-11-30 07857343 frs-core:MotorVehicles 2022-12-01 2023-11-30 07857343 frs-core:MotorVehicles 2022-11-30 07857343 frs-core:PlantMachinery 2023-11-30 07857343 frs-core:PlantMachinery 2022-12-01 2023-11-30 07857343 frs-core:PlantMachinery 2022-11-30 07857343 frs-core:ShareCapital 2023-11-30 07857343 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 07857343 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07857343 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 07857343 frs-bus:SmallEntities 2022-12-01 2023-11-30 07857343 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07857343 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07857343 frs-bus:Director1 2022-12-01 2023-11-30 07857343 frs-bus:Director2 2022-12-01 2023-11-30 07857343 frs-countries:EnglandWales 2022-12-01 2023-11-30 07857343 2021-11-30 07857343 2022-11-30 07857343 2021-12-01 2022-11-30 07857343 frs-core:CurrentFinancialInstruments 2022-11-30 07857343 frs-core:Non-currentFinancialInstruments 2022-11-30 07857343 frs-core:ShareCapital 2022-11-30 07857343 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 07857343
Regislas Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Tax Data Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07857343
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,828 32,656
24,828 32,656
CURRENT ASSETS
Stocks 5 11,195 10,422
Debtors 6 - 40,316
Investments 7 3,350 2,925
Cash at bank and in hand 13,690 11,429
28,235 65,092
Creditors: Amounts Falling Due Within One Year 8 (24,260 ) (22,937 )
NET CURRENT ASSETS (LIABILITIES) 3,975 42,155
TOTAL ASSETS LESS CURRENT LIABILITIES 28,803 74,811
Creditors: Amounts Falling Due After More Than One Year 9 (76,731 ) (86,906 )
NET LIABILITIES (47,928 ) (12,095 )
CAPITAL AND RESERVES
Called up share capital 10 150 150
Profit and Loss Account (48,078 ) (12,245 )
SHAREHOLDERS' FUNDS (47,928) (12,095)
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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
Kim Stanislas-Regisford
Director
09/08/2024
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
Regislas Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07857343 . The registered office is Apples & Pears 26 Osborn Street, London, London, E1 6TD.
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 .... 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
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
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.
Current 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: 4 (2022: 4)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 122,236 30,500 152,736
Additions 449 - 449
As at 30 November 2023 122,685 30,500 153,185
Depreciation
As at 1 December 2022 106,736 13,344 120,080
Provided during the period 3,988 4,289 8,277
As at 30 November 2023 110,724 17,633 128,357
Net Book Value
As at 30 November 2023 11,961 12,867 24,828
As at 1 December 2022 15,500 17,156 32,656
5. Stocks
2023 2022
£ £
Stock 11,195 10,422
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 40,316
7. Current Asset Investments
2023 2022
£ £
Short term deposits 3,350 2,925
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16,141 8,794
Other creditors 146 -
Taxation and social security 7,973 14,143
24,260 22,937
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 76,731 86,906
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 150 150
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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