Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08313558 Mr Jose Antonio Rodriguez Benitez Mr Bartolome Rodriguez Benitez Mr Jose Antonio Rodriguez Benitez & Mr Bartolome Miguel Rodriguez Benitez false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08313558 2022-11-30 08313558 2023-11-30 08313558 2022-12-01 2023-11-30 08313558 frs-core:CurrentFinancialInstruments 2023-11-30 08313558 frs-core:ComputerEquipment 2023-11-30 08313558 frs-core:ComputerEquipment 2022-12-01 2023-11-30 08313558 frs-core:ComputerEquipment 2022-11-30 08313558 frs-core:MotorVehicles 2023-11-30 08313558 frs-core:MotorVehicles 2022-12-01 2023-11-30 08313558 frs-core:MotorVehicles 2022-11-30 08313558 frs-core:ShareCapital 2023-11-30 08313558 frs-core:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 08313558 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08313558 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08313558 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08313558 frs-bus:SmallEntities 2022-12-01 2023-11-30 08313558 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08313558 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08313558 1 2022-12-01 2023-11-30 08313558 frs-bus:Director1 2022-12-01 2023-11-30 08313558 frs-bus:Director1 2022-11-30 08313558 frs-bus:Director1 2023-11-30 08313558 frs-bus:Director2 2022-12-01 2023-11-30 08313558 frs-core:CurrentFinancialInstruments 1 2023-11-30 08313558 frs-countries:EnglandWales 2022-12-01 2023-11-30 08313558 2021-11-30 08313558 2022-11-30 08313558 2021-12-01 2022-11-30 08313558 frs-core:CurrentFinancialInstruments 2022-11-30 08313558 frs-core:ShareCapital 2021-11-30 08313558 frs-core:ShareCapital 2022-11-30 08313558 frs-core:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 08313558 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-11-30 08313558 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 08313558 frs-core:CurrentFinancialInstruments 1 2022-11-30 08313558 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 08313558
R&B Installations Lifts Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 08313558
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,846 24,531
57,846 24,531
CURRENT ASSETS
Debtors 5 182,903 143,549
Cash at bank and in hand 657,497 620,757
840,400 764,306
Creditors: Amounts Falling Due Within One Year 6 (127,615 ) (78,032 )
NET CURRENT ASSETS (LIABILITIES) 712,785 686,274
TOTAL ASSETS LESS CURRENT LIABILITIES 770,631 710,805
NET ASSETS 770,631 710,805
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 769,631 709,805
SHAREHOLDERS' FUNDS 770,631 710,805
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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
Mr Jose Antonio Rodriguez Benitez
Director
29/08/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 December 2021 1,000 742,361 743,361
Profit for the year and total comprehensive income - 187,444 187,444
Dividends paid - (220,000) (220,000)
As at 30 November 2022 and 1 December 2022 1,000 709,805 710,805
Profit for the year and total comprehensive income - 181,826 181,826
Dividends paid - (122,000) (122,000)
As at 30 November 2023 1,000 769,631 770,631
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Notes to the Financial Statements
1. General Information
R&B Installations Lifts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08313558 . The registered office is 19, The Circle, Queen Elizabeth Street, London, SE1 2JE.
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:
Motor Vehicles 20% Straight Line Method
Office Equipment 25% Straight Line Method
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: 4 (2022: 7)
4 7
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4. Tangible Assets
Motor Vehicles Office Equipment Total
£ £ £
Cost
As at 1 December 2022 56,214 3,680 59,894
Additions 42,173 131 42,304
As at 30 November 2023 98,387 3,811 102,198
Depreciation
As at 1 December 2022 32,716 2,647 35,363
Provided during the period 8,227 762 8,989
As at 30 November 2023 40,943 3,409 44,352
Net Book Value
As at 30 November 2023 57,444 402 57,846
As at 1 December 2022 23,498 1,033 24,531
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 169,401 136,747
Prepayments and accrued income 781 -
VAT 12,721 6,802
182,903 143,549
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 51,415 183
Corporation tax 54,175 45,064
Other taxes and social security 1,999 3,693
Net wages 6,499 12,329
CIS Liability 5,386 -
Pension Fund 832 1,746
Other creditors - 7,940
Directors' loan accounts 7,309 7,077
127,615 78,032
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Jose Antonio Rodriguez Benitez 7,077 232 - - 7,309
The above loan is unsecured, interest free and repayable on demand.
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 122,000 220,000
10. Controlling Party
The company's controlling party are Mr Jose Antonio Rodriguez Benitez & Mr Bartolome Miguel Rodriguez Benitez by virtue of their ownership of More than 25% but not more than 50% of the issued share capital in the company.
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