Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11905874 Mr M E Chibaka iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11905874 2023-06-30 11905874 2024-06-30 11905874 2023-07-01 2024-06-30 11905874 frs-core:CurrentFinancialInstruments 2024-06-30 11905874 frs-core:Non-currentFinancialInstruments 2024-06-30 11905874 frs-core:ComputerEquipment 2024-06-30 11905874 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11905874 frs-core:ComputerEquipment 2023-06-30 11905874 frs-core:FurnitureFittings 2024-06-30 11905874 frs-core:FurnitureFittings 2023-07-01 2024-06-30 11905874 frs-core:FurnitureFittings 2023-06-30 11905874 frs-core:NetGoodwill 2024-06-30 11905874 frs-core:NetGoodwill 2023-07-01 2024-06-30 11905874 frs-core:NetGoodwill 2023-06-30 11905874 frs-core:MotorVehicles 2023-07-01 2024-06-30 11905874 frs-core:PlantMachinery 2024-06-30 11905874 frs-core:PlantMachinery 2023-07-01 2024-06-30 11905874 frs-core:PlantMachinery 2023-06-30 11905874 frs-core:WithinOneYear 2024-06-30 11905874 frs-core:ShareCapital 2024-06-30 11905874 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11905874 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11905874 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11905874 frs-bus:SmallEntities 2023-07-01 2024-06-30 11905874 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11905874 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11905874 frs-bus:Director1 2023-07-01 2024-06-30 11905874 frs-countries:EnglandWales 2023-07-01 2024-06-30 11905874 2022-06-30 11905874 2023-06-30 11905874 2022-07-01 2023-06-30 11905874 frs-core:CurrentFinancialInstruments 2023-06-30 11905874 frs-core:Non-currentFinancialInstruments 2023-06-30 11905874 frs-core:WithinOneYear 2023-06-30 11905874 frs-core:ShareCapital 2023-06-30 11905874 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11905874
Robinsons MEA Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11905874
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,250 5,250
Tangible Assets 5 13,037 29,331
17,287 34,581
CURRENT ASSETS
Stocks 29,150 29,000
Debtors 6 492,110 685,934
Cash at bank and in hand 40,399 15,329
561,659 730,263
Creditors: Amounts Falling Due Within One Year 7 (442,366 ) (652,695 )
NET CURRENT ASSETS (LIABILITIES) 119,293 77,568
TOTAL ASSETS LESS CURRENT LIABILITIES 136,580 112,149
Creditors: Amounts Falling Due After More Than One Year 8 (9,532 ) (19,879 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,339 ) (4,220 )
NET ASSETS 124,709 88,050
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 124,609 87,950
SHAREHOLDERS' FUNDS 124,709 88,050
Page 1
Page 2
For the year ending 30 June 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 Income Statement.
On behalf of the board
Mr M E Chibaka
Director
10 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Robinsons MEA Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11905874 . The registered office is The Pines, Oakwood Park Business Centre, Bishop Thornton, Harrogate, HG3 3BF.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.
2.4. 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 income statement over its estimated economic life of 10 years.
2.5. 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 20% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33.33% straight line
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 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.
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2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 19)
17 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 10,000
As at 30 June 2024 10,000
Amortisation
As at 1 July 2023 4,750
Provided during the period 1,000
As at 30 June 2024 5,750
Net Book Value
As at 30 June 2024 4,250
As at 1 July 2023 5,250
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 32,480 14,374 49,420 96,274
Additions - - 2,175 2,175
Disposals (3,054 ) - (1,498 ) (4,552 )
As at 30 June 2024 29,426 14,374 50,097 93,897
Depreciation
As at 1 July 2023 27,567 9,443 29,933 66,943
Provided during the period 2,559 2,875 11,150 16,584
Disposals (2,188 ) - (479 ) (2,667 )
As at 30 June 2024 27,938 12,318 40,604 80,860
Net Book Value
As at 30 June 2024 1,488 2,056 9,493 13,037
As at 1 July 2023 4,913 4,931 19,487 29,331
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 420,598 601,155
Amounts owed by participating interests 39,558 42,772
Other debtors 31,954 42,007
492,110 685,934
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 194,323 390,036
Bank loans and overdrafts 10,272 10,020
Amounts owed to participating interests - 13,929
Other creditors 205,587 200,063
Taxation and social security 32,184 38,647
442,366 652,695
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,532 19,879
9,532 19,879
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Other Creditors 94,179 120,417
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 27,125 27,125
27,125 27,125
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