Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12745440 Mr Andrew Roberts Andrew Roberts true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12745440 2023-07-31 12745440 2024-07-31 12745440 2023-08-01 2024-07-31 12745440 frs-core:CurrentFinancialInstruments 2024-07-31 12745440 frs-core:Non-currentFinancialInstruments 2024-07-31 12745440 frs-core:ComputerEquipment 2024-07-31 12745440 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12745440 frs-core:ComputerEquipment 2023-07-31 12745440 frs-core:ShareCapital 2024-07-31 12745440 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12745440 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12745440 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12745440 frs-bus:SmallEntities 2023-08-01 2024-07-31 12745440 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12745440 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12745440 1 2023-08-01 2024-07-31 12745440 frs-bus:Director1 2023-08-01 2024-07-31 12745440 frs-bus:Director1 2023-07-31 12745440 frs-bus:Director1 2024-07-31 12745440 frs-countries:EnglandWales 2023-08-01 2024-07-31 12745440 2022-07-31 12745440 2023-07-31 12745440 2022-08-01 2023-07-31 12745440 frs-core:CurrentFinancialInstruments 2023-07-31 12745440 frs-core:Non-currentFinancialInstruments 2023-07-31 12745440 frs-core:ShareCapital 2023-07-31 12745440 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12745440
RSSW Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Xeinadin South Wales & West Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12745440
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 372 -
372 -
CURRENT ASSETS
Debtors 5 2,076,266 922,193
Cash at bank and in hand 176,883 11,534
2,253,149 933,727
Creditors: Amounts Falling Due Within One Year 6 (2,003,606 ) (792,344 )
NET CURRENT ASSETS (LIABILITIES) 249,543 141,383
TOTAL ASSETS LESS CURRENT LIABILITIES 249,915 141,383
Creditors: Amounts Falling Due After More Than One Year 7 (85,371 ) (100,000 )
NET ASSETS 164,544 41,383
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 164,534 41,373
SHAREHOLDERS' FUNDS 164,544 41,383
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Andrew Roberts
Director
30/08/2024
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
RSSW Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12745440 . The registered office is The Maltings, East Tyndall Street, Cardiff, CF24 5EA.
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 33% Straight line method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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 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.
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.
...CONTINUED
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2.5. Taxation - continued
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 assets reflect 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Invoice discounting agreements
Under the invoice discounting agreement, the company retained significant benefits and risks relating to their debts. As a result, relating assets and liabilities have been netted off and are disclosed within other creditors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 8)
10 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 -
Additions 418
As at 31 July 2024 418
Depreciation
As at 1 August 2023 -
Provided during the period 46
As at 31 July 2024 46
Net Book Value
As at 31 July 2024 372
As at 1 August 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,763,370 622,069
Prepayments and accrued income 2,537 14,208
Other debtors 19,881 19,881
Director's loan account 161,702 166,738
Amounts owed by group undertakings 128,776 99,297
2,076,266 922,193
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 601,691 131,070
Bank loans and overdrafts - 25,521
Corporation tax 36,613 26,412
Other taxes and social security 4,880 12,273
VAT 73,090 53,818
Other creditors 1,283,037 508,716
Accrued expenses 3,960 32,127
Amounts owed to group undertakings 335 2,407
2,003,606 792,344
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 85,371 100,000
85,371 100,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Andrew Roberts 166,738 264,472 269,508 - 161,702
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
The Director
During the year, dividends totalling £225,000 were paid to the director (2023: £39,000).
The director is also a director in the below listed companies which traded on normal commercial terms. At the year end, the balances were as follows:
Owed to Rhino Group Holdings Ltd - £335 (2023: £1,835)
These balances totalling £335 (2023: £1,835) are included within creditors and are repayable on demand.
Owed by Rhino IT Ltd - £929 (Owed to Rhino IT Ltd 2023: £571) 
Owed by Rhino Rhino Rail Services Ltd - £43,267 (2023: £42,767)
Owed by Rhino Site Services Ltd - £77,422 (2023: £55,205)
Owed by Rhino Professional Services Ltd - £2,648 (2023: £148)
Owed by Rhino Manufacturing Ltd - £4,456 (2023: £1,122)
Owed by Rhino Contract Ltd - £55 (2023: £55)
These balances totalling £128,776 (2023: £99,297) are included within debtors and are repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Andrew Roberts by virtue of his ownership of 100% of the issued share capital in the company.
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