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 7074095 G Wood D Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7074095 2022-11-30 7074095 2023-11-30 7074095 2022-12-01 2023-11-30 7074095 frs-core:CurrentFinancialInstruments 2023-11-30 7074095 frs-core:Non-currentFinancialInstruments 2023-11-30 7074095 frs-core:ComputerEquipment 2023-11-30 7074095 frs-core:ComputerEquipment 2022-12-01 2023-11-30 7074095 frs-core:ComputerEquipment 2022-11-30 7074095 frs-core:FurnitureFittings 2023-11-30 7074095 frs-core:FurnitureFittings 2022-12-01 2023-11-30 7074095 frs-core:FurnitureFittings 2022-11-30 7074095 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 7074095 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 7074095 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 7074095 frs-core:ShareCapital 2023-11-30 7074095 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 7074095 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 7074095 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 7074095 frs-bus:SmallEntities 2022-12-01 2023-11-30 7074095 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 7074095 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 7074095 frs-bus:Director1 2022-12-01 2023-11-30 7074095 frs-bus:Director2 2022-12-01 2023-11-30 7074095 frs-countries:EnglandWales 2022-12-01 2023-11-30 7074095 2021-11-30 7074095 2022-11-30 7074095 2021-12-01 2022-11-30 7074095 frs-core:CurrentFinancialInstruments 2022-11-30 7074095 frs-core:Non-currentFinancialInstruments 2022-11-30 7074095 frs-core:ShareCapital 2022-11-30 7074095 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 7074095
Roseberry Procurement Ltd
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 7074095
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,256 27,952
27,256 27,952
CURRENT ASSETS
Debtors 5 75,134 34,159
Cash at bank and in hand 354,987 223,134
430,121 257,293
Creditors: Amounts Falling Due Within One Year 6 (151,268 ) (96,613 )
NET CURRENT ASSETS (LIABILITIES) 278,853 160,680
TOTAL ASSETS LESS CURRENT LIABILITIES 306,109 188,632
Creditors: Amounts Falling Due After More Than One Year 7 (30,094 ) (40,364 )
NET ASSETS 276,015 148,268
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 275,915 148,168
SHAREHOLDERS' FUNDS 276,015 148,268
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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
D Wood
Director
29 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roseberry Procurement Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7074095 . The registered office is Marine House, 151 Western Road, Haywards Heath, West Sussex, RH16 3LH.
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 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:
Freehold 5% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
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 year 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 asset reflects 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 (2022: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 22,876 7,510 10,494 40,880
Additions - - 2,184 2,184
As at 30 November 2023 22,876 7,510 12,678 43,064
Depreciation
As at 1 December 2022 - 5,935 6,993 12,928
Provided during the period 1,144 315 1,421 2,880
As at 30 November 2023 1,144 6,250 8,414 15,808
Net Book Value
As at 30 November 2023 21,732 1,260 4,264 27,256
As at 1 December 2022 22,876 1,575 3,501 27,952
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 67,243 26,400
Other debtors 7,891 7,759
75,134 34,159
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 922 924
Taxation and social security 150,346 95,689
151,268 96,613
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 30,094 40,364
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