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 10675920 Mr Raymond Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10675920 2023-03-31 10675920 2024-03-31 10675920 2023-04-01 2024-03-31 10675920 frs-core:CurrentFinancialInstruments 2024-03-31 10675920 frs-core:Non-currentFinancialInstruments 2024-03-31 10675920 frs-core:ComputerEquipment 2024-03-31 10675920 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10675920 frs-core:ComputerEquipment 2023-03-31 10675920 frs-core:NetGoodwill 2024-03-31 10675920 frs-core:NetGoodwill 2023-04-01 2024-03-31 10675920 frs-core:NetGoodwill 2023-03-31 10675920 frs-core:MotorVehicles 2024-03-31 10675920 frs-core:MotorVehicles 2023-04-01 2024-03-31 10675920 frs-core:MotorVehicles 2023-03-31 10675920 frs-core:PlantMachinery 2024-03-31 10675920 frs-core:PlantMachinery 2023-04-01 2024-03-31 10675920 frs-core:PlantMachinery 2023-03-31 10675920 frs-core:RevaluationReserve 2023-03-31 10675920 frs-core:RevaluationReserve 2024-03-31 10675920 frs-core:ShareCapital 2024-03-31 10675920 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10675920 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10675920 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10675920 frs-bus:SmallEntities 2023-04-01 2024-03-31 10675920 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10675920 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10675920 frs-bus:Director1 2023-04-01 2024-03-31 10675920 frs-countries:EnglandWales 2023-04-01 2024-03-31 10675920 2022-03-31 10675920 2023-03-31 10675920 2022-04-01 2023-03-31 10675920 frs-core:CurrentFinancialInstruments 2023-03-31 10675920 frs-core:Non-currentFinancialInstruments 2023-03-31 10675920 frs-core:BetweenOneFiveYears 2023-03-31 10675920 frs-core:RevaluationReserve 2023-03-31 10675920 frs-core:ShareCapital 2023-03-31 10675920 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10675920
RS Alloy Refurb Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
LDF Accountancy Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10675920
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,500 11,500
Tangible Assets 5 217,679 225,055
229,179 236,555
CURRENT ASSETS
Stocks 6 40,387 35,671
Debtors 7 23,019 14,501
Cash at bank and in hand 74 3,506
63,480 53,678
Creditors: Amounts Falling Due Within One Year 8 (117,349 ) (42,383 )
NET CURRENT ASSETS (LIABILITIES) (53,869 ) 11,295
TOTAL ASSETS LESS CURRENT LIABILITIES 175,310 247,850
Creditors: Amounts Falling Due After More Than One Year 9 (74,675 ) (121,163 )
NET ASSETS 100,635 126,687
CAPITAL AND RESERVES
Called up share capital 11 10 10
Revaluation reserve 12 126,628 126,628
Profit and Loss Account (26,003 ) 49
SHAREHOLDERS' FUNDS 100,635 126,687
Page 1
Page 2
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 Raymond Smith
Director
1st 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
RS Alloy Refurb Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10675920 . The registered office is Unit 5d Park View Road West, Park View Industrial Estate, Hartlepool, TS25 1PE.
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 - 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 .... 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 10% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 11,500
As at 31 March 2024 11,500
Net Book Value
As at 31 March 2024 11,500
As at 1 April 2023 11,500
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 220,587 90,577 1,603 312,767
Additions 58,040 - 1,591 59,631
Disposals - (39,508 ) - (39,508 )
As at 31 March 2024 278,627 51,069 3,194 332,890
Depreciation
As at 1 April 2023 59,791 27,119 802 87,712
Provided during the period 27,862 2,790 798 31,450
Disposals - (3,951 ) - (3,951 )
As at 31 March 2024 87,653 25,958 1,600 115,211
Net Book Value
As at 31 March 2024 190,974 25,111 1,594 217,679
As at 1 April 2023 160,796 63,458 801 225,055
6. Stocks
2024 2023
£ £
Closing stock of raw materials 40,387 35,671
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,713 8,520
Other debtors 8,306 5,981
23,019 14,501
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,044 4,107
Bank loans and overdrafts 2,546 579
Other creditors 93,157 31,622
Taxation and social security 12,602 6,075
117,349 42,383
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 35,778
Bank loans 26,969 39,999
Other loans 47,706 45,386
74,675 121,163
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 35,778
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
12. Reserves
Revaluation Reserve
£
As at 1 April 2023 126,628
As at 31 March 2024 126,628
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