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 08955892 Mr Roland Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08955892 2023-03-31 08955892 2024-03-31 08955892 2023-04-01 2024-03-31 08955892 frs-core:CurrentFinancialInstruments 2024-03-31 08955892 frs-core:ComputerEquipment 2024-03-31 08955892 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08955892 frs-core:ComputerEquipment 2023-03-31 08955892 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 08955892 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08955892 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08955892 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 08955892 frs-core:OtherResidualIntangibleAssets 2024-03-31 08955892 frs-core:OtherResidualIntangibleAssets 2023-03-31 08955892 frs-core:PlantMachinery 2024-03-31 08955892 frs-core:PlantMachinery 2023-04-01 2024-03-31 08955892 frs-core:PlantMachinery 2023-03-31 08955892 frs-core:ShareCapital 2024-03-31 08955892 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08955892 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08955892 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08955892 frs-bus:SmallEntities 2023-04-01 2024-03-31 08955892 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08955892 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08955892 frs-bus:Director1 2023-04-01 2024-03-31 08955892 frs-countries:EnglandWales 2023-04-01 2024-03-31 08955892 2022-03-31 08955892 2023-03-31 08955892 2022-04-01 2023-03-31 08955892 frs-core:CurrentFinancialInstruments 2023-03-31 08955892 frs-core:ShareCapital 2023-03-31 08955892 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08955892
Roland Kelly Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Swann Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08955892
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 12,000
Tangible Assets 5 91,574 139,187
103,574 151,187
CURRENT ASSETS
Debtors 6 1,221 13,304
Cash at bank and in hand 40,792 6,736
42,013 20,040
Creditors: Amounts Falling Due Within One Year 7 (72,095 ) (189,722 )
NET CURRENT ASSETS (LIABILITIES) (30,082 ) (169,682 )
TOTAL ASSETS LESS CURRENT LIABILITIES 73,492 (18,495 )
NET ASSETS/(LIABILITIES) 73,492 (18,495 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 73,392 (18,595 )
SHAREHOLDERS' FUNDS 73,492 (18,495)
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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 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 Roland Kelly
Director
20/08/2024
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
Roland Kelly Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08955892 . The registered office is C/O Swann Accounting Limited, First Floor Offices, Hastings Fishmarket, Rock-A-Nore Road, Hastings, East Sussex, TN34 3DW.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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 15% on cost
Computer Equipment 33% on cost
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.
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2.6. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 12,000
As at 31 March 2024 12,000
Net Book Value
As at 31 March 2024 12,000
As at 1 April 2023 12,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 8,000 275,140 224 283,364
Disposals - (72,523 ) - (72,523 )
As at 31 March 2024 8,000 202,617 224 210,841
Depreciation
As at 1 April 2023 - 143,953 224 144,177
Provided during the period - 29,482 - 29,482
Disposals - (54,392 ) - (54,392 )
As at 31 March 2024 - 119,043 224 119,267
...CONTINUED
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Net Book Value
As at 31 March 2024 8,000 83,574 - 91,574
As at 1 April 2023 8,000 131,187 - 139,187
6. Debtors
2024 2023
£ £
Due within one year
VAT 1,221 13,304
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 24,254 -
Other creditors 11,349 100,439
Accruals and deferred income 2,120 2,120
Director's loan account 34,372 87,164
72,095 189,722
8. Secured Creditors
Of the creditors the following amounts are secured.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the year end, Mr R Kelly, who is a director of the company, was owed £34,372 (2023: £87,164). There is no interest charged on this amount and it is repayable on demand.
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