Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2023 21 July 2022 false 1 August 2023 31 July 2024 31 July 2024 NI689827 Dr Stephen Rowan Mrs Susan Rowan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI689827 2023-07-31 NI689827 2024-07-31 NI689827 2023-08-01 2024-07-31 NI689827 frs-core:CurrentFinancialInstruments 2024-07-31 NI689827 frs-core:ComputerEquipment 2024-07-31 NI689827 frs-core:ComputerEquipment 2023-08-01 2024-07-31 NI689827 frs-core:ComputerEquipment 2023-07-31 NI689827 frs-core:ShareCapital 2024-07-31 NI689827 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI689827 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI689827 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 NI689827 frs-bus:SmallEntities 2023-08-01 2024-07-31 NI689827 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 NI689827 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 NI689827 frs-bus:Director1 2023-08-01 2024-07-31 NI689827 frs-bus:Director2 2023-08-01 2024-07-31 NI689827 frs-countries:NorthernIreland 2023-08-01 2024-07-31 NI689827 2022-07-20 NI689827 2023-07-31 NI689827 2022-07-21 2023-07-31 NI689827 frs-core:CurrentFinancialInstruments 2023-07-31 NI689827 frs-core:ShareCapital 2023-07-31 NI689827 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: NI689827
RespiratoryNI Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Broad Street Advisory Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI689827
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 574 299
574 299
CURRENT ASSETS
Debtors 5 - 525
Cash at bank and in hand 8,679 5,959
8,679 6,484
Creditors: Amounts Falling Due Within One Year 6 (2,338 ) (3,697 )
NET CURRENT ASSETS (LIABILITIES) 6,341 2,787
TOTAL ASSETS LESS CURRENT LIABILITIES 6,915 3,086
NET ASSETS 6,915 3,086
CAPITAL AND RESERVES
Called up share capital 7 20 20
Profit and Loss Account 6,895 3,066
SHAREHOLDERS' FUNDS 6,915 3,086
Page 1
Page 2
For the year ending 31 July 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
Dr Stephen Rowan
Director
Mrs Susan Rowan
Director
29/08/2024
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
RespiratoryNI Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI689827 . The registered office is 5 Chatsworth, Bangor, Co Down, BT19 7WA.
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. 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:
Computer Equipment 25% Straight line
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable.
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: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 399
Additions 499
As at 31 July 2024 898
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2023 100
Provided during the period 224
As at 31 July 2024 324
Net Book Value
As at 31 July 2024 574
As at 1 August 2023 299
5. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Other debtors - 525
6. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Corporation tax 1,319 1,568
Accruals and deferred income 864 864
Directors' loan accounts 155 1,265
2,338 3,697
7. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 20 20
8. Related Party Transactions
No individual shareholder acting on their own behalf can exercise control over the affairs of the company.
The key management personnel are the directors.
Page 4