Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08975563 Mr Matthew Reeves Mrs Wendy Reeves iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08975563 2023-03-31 08975563 2024-03-31 08975563 2023-04-01 2024-03-31 08975563 frs-core:CurrentFinancialInstruments 2024-03-31 08975563 frs-core:Non-currentFinancialInstruments 2024-03-31 08975563 frs-core:BetweenOneFiveYears 2024-03-31 08975563 frs-core:ComputerEquipment 2024-03-31 08975563 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08975563 frs-core:ComputerEquipment 2023-03-31 08975563 frs-core:NetGoodwill 2024-03-31 08975563 frs-core:NetGoodwill 2023-04-01 2024-03-31 08975563 frs-core:NetGoodwill 2023-03-31 08975563 frs-core:MotorVehicles 2024-03-31 08975563 frs-core:MotorVehicles 2023-04-01 2024-03-31 08975563 frs-core:MotorVehicles 2023-03-31 08975563 frs-core:PlantMachinery 2024-03-31 08975563 frs-core:PlantMachinery 2023-04-01 2024-03-31 08975563 frs-core:PlantMachinery 2023-03-31 08975563 frs-core:WithinOneYear 2024-03-31 08975563 frs-core:ShareCapital 2024-03-31 08975563 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08975563 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08975563 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08975563 frs-bus:SmallEntities 2023-04-01 2024-03-31 08975563 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08975563 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08975563 frs-bus:Director1 2023-04-01 2024-03-31 08975563 frs-bus:Director2 2023-04-01 2024-03-31 08975563 frs-countries:EnglandWales 2023-04-01 2024-03-31 08975563 2022-03-31 08975563 2023-03-31 08975563 2022-04-01 2023-03-31 08975563 frs-core:CurrentFinancialInstruments 2023-03-31 08975563 frs-core:Non-currentFinancialInstruments 2023-03-31 08975563 frs-core:BetweenOneFiveYears 2023-03-31 08975563 frs-core:WithinOneYear 2023-03-31 08975563 frs-core:ShareCapital 2023-03-31 08975563 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08975563
Reeves Roofing Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08975563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 43,607 53,284
43,607 53,284
CURRENT ASSETS
Stocks 6 1,500 2,000
Debtors 7 88,121 49,666
Cash at bank and in hand 258,212 202,145
347,833 253,811
Creditors: Amounts Falling Due Within One Year 8 (233,456 ) (238,360 )
NET CURRENT ASSETS (LIABILITIES) 114,377 15,451
TOTAL ASSETS LESS CURRENT LIABILITIES 157,984 68,735
Creditors: Amounts Falling Due After More Than One Year 9 (32,935 ) (54,938 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,901 ) (13,321 )
NET ASSETS 114,148 476
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 114,048 376
SHAREHOLDERS' FUNDS 114,148 476
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For the year ending 31 March 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
Mr Matthew Reeves
Director
15 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Reeves Roofing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08975563 . The registered office is North Office 1st Floor, 91 West Borough, Wimborne, Dorset, BH21 1PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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.

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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.5. 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.
2.6. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2.8. 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.
2.9. 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.
2.10. Government Grant
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 17,568 83,424 - 100,992
Additions 4,622 - - 4,622
As at 31 March 2024 22,190 83,424 - 105,614
Depreciation
As at 1 April 2023 7,560 40,148 - 47,708
Provided during the period 3,480 10,819 - 14,299
As at 31 March 2024 11,040 50,967 - 62,007
Net Book Value
As at 31 March 2024 11,150 32,457 - 43,607
As at 1 April 2023 10,008 43,276 - 53,284
6. Stocks
2024 2023
£ £
Finished goods 1,500 2,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 85,344 43,391
Prepayments and accrued income 2,777 2,704
Other debtors - 3,571
88,121 49,666
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,371 10,802
Trade creditors 20,776 2,966
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 115,321 60,298
Other creditors 73,862 152,269
Accruals and deferred income 2,126 2,025
233,456 238,360
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,268 32,640
Bank loans 11,667 22,298
32,935 54,938
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets to which they relate.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,640 43,442
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,371 10,802
Later than one year and not later than five years 21,268 32,640
32,639 43,442
32,639 43,442
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,520 4,520
Later than one year and not later than five years 3,390 7,910
7,910 12,430
14. Pension Commitments
The company operates a defined contribution pension scheme for emlpoyees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there was £84 unpaid contributions (PY nil).
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