Acorah Software Products - Accounts Production 15.0.600 false true false 17 April 2023 30 April 2024 30 April 2024 14808178 J A Youatt J D Brown J D Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14808178 2023-04-16 14808178 2024-04-30 14808178 2023-04-17 2024-04-30 14808178 frs-core:CurrentFinancialInstruments 2024-04-30 14808178 frs-core:ComputerEquipment 2024-04-30 14808178 frs-core:ComputerEquipment 2023-04-17 2024-04-30 14808178 frs-core:ComputerEquipment 2023-04-16 14808178 frs-core:PlantMachinery 2024-04-30 14808178 frs-core:PlantMachinery 2023-04-17 2024-04-30 14808178 frs-core:PlantMachinery 2023-04-16 14808178 frs-core:ShareCapital 2024-04-30 14808178 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 14808178 frs-bus:PrivateLimitedCompanyLtd 2023-04-17 2024-04-30 14808178 frs-bus:FilletedAccounts 2023-04-17 2024-04-30 14808178 frs-bus:SmallEntities 2023-04-17 2024-04-30 14808178 frs-bus:AuditExempt-NoAccountantsReport 2023-04-17 2024-04-30 14808178 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-17 2024-04-30 14808178 frs-bus:Director1 2023-04-17 2024-04-30 14808178 frs-bus:Director2 2023-04-17 2024-04-30 14808178 frs-bus:CompanySecretary1 2023-04-17 2024-04-30 14808178 frs-countries:EnglandWales 2023-04-17 2024-04-30
Registered number: 14808178
RURAL INSIGHT LAND AND DEVELOPMENT LTD
Unaudited Financial Statements
For the Period 17 April 2023 to 30 April 2024
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 14808178
30 April 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 11,769
11,769
CURRENT ASSETS
Stocks 5 5,715
Debtors 6 164,108
Cash at bank and in hand 315,034
484,857
Creditors: Amounts Falling Due Within One Year 7 (254,381 )
NET CURRENT ASSETS (LIABILITIES) 230,476
TOTAL ASSETS LESS CURRENT LIABILITIES 242,245
NET ASSETS 242,245
CAPITAL AND RESERVES
Called up share capital 8 100
Income Statement 242,145
SHAREHOLDERS' FUNDS 242,245
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For the period ending 30 April 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 Income Statement.
On behalf of the board
J A Youatt
Director
J D Brown
Director
30 August 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
RURAL INSIGHT LAND AND DEVELOPMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14808178 . The registered office is 4 Burrough Court, Burrough-on-the-Hill, Melton Mowbray, Leicestershire, LE14 2QS.
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 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 been invoiced for the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 
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:
Plant & Machinery 33.3% straight line
Computer Equipment 33.3% straight line
2.4. 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. 
2.5. Taxation
Income 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.
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 tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement 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 period was: 3
3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 17 April 2023 - - -
Additions 8,532 4,543 13,075
As at 30 April 2024 8,532 4,543 13,075
Depreciation
As at 17 April 2023 - - -
Provided during the period 720 586 1,306
As at 30 April 2024 720 586 1,306
Net Book Value
As at 30 April 2024 7,812 3,957 11,769
As at 17 April 2023 - - -
5. Stocks
30 April 2024
£
Work in progress 5,715
6. Debtors
30 April 2024
£
Due within one year
Trade debtors 156,235
Prepayments and accrued income 7,873
164,108
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7. Creditors: Amounts Falling Due Within One Year
30 April 2024
£
Trade creditors 11,084
Corporation tax 151,225
Other taxes and social security 2,188
VAT 69,073
Other creditors 2,559
Accruals and deferred income 2,480
Directors' loan accounts 2,251
Amounts owed to other participating interests 13,521
254,381
8. Share Capital
30 April 2024
£
Allotted, Called up and fully paid 100
9. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £1,914 were due to the fund. They are included in Other Creditors.
10. Dividends
30 April 2024
£
On equity shares:
Interim dividend paid 200,276
Final dividend paid 14,570
214,846
11. Related Party Transactions
At the year end the company owed £13,521 to a company owned by one of the directors.
This loan is unsecured, interest free and repayable on demand
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