Acorah Software Products - Accounts Production 14.5.601 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 2350517 Mr Richard Taylor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 2350517 2023-03-31 2350517 2024-03-31 2350517 2023-04-01 2024-03-31 2350517 frs-core:CurrentFinancialInstruments 2024-03-31 2350517 frs-core:Non-currentFinancialInstruments 2024-03-31 2350517 frs-core:ComputerEquipment 2024-03-31 2350517 frs-core:ComputerEquipment 2023-04-01 2024-03-31 2350517 frs-core:ComputerEquipment 2023-03-31 2350517 frs-core:FurnitureFittings 2024-03-31 2350517 frs-core:FurnitureFittings 2023-04-01 2024-03-31 2350517 frs-core:FurnitureFittings 2023-03-31 2350517 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 2350517 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 2350517 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 2350517 frs-core:MotorVehicles 2024-03-31 2350517 frs-core:MotorVehicles 2023-04-01 2024-03-31 2350517 frs-core:MotorVehicles 2023-03-31 2350517 frs-core:PlantMachinery 2024-03-31 2350517 frs-core:PlantMachinery 2023-04-01 2024-03-31 2350517 frs-core:PlantMachinery 2023-03-31 2350517 frs-core:ShareCapital 2024-03-31 2350517 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 2350517 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 2350517 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 2350517 frs-bus:SmallEntities 2023-04-01 2024-03-31 2350517 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 2350517 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 2350517 1 2023-04-01 2024-03-31 2350517 frs-bus:Director1 2023-04-01 2024-03-31 2350517 frs-core:CurrentFinancialInstruments 1 2024-03-31 2350517 frs-core:CurrentFinancialInstruments 2 2024-03-31 2350517 frs-countries:EnglandWales 2023-04-01 2024-03-31 2350517 2022-03-31 2350517 2023-03-31 2350517 2022-04-01 2023-03-31 2350517 frs-core:CurrentFinancialInstruments 2023-03-31 2350517 frs-core:Non-currentFinancialInstruments 2023-03-31 2350517 frs-core:ShareCapital 2023-03-31 2350517 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 2350517 frs-core:CurrentFinancialInstruments 1 2023-03-31 2350517 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 2350517
R G S INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Certius Professional Services Limited
Chartered Tax Advisers - Certified Practising Accountants
Bayside Business Centre
48 Willis Way
Poole
Dorset
BH15 3TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 2350517
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 626,758 666,348
626,758 666,348
CURRENT ASSETS
Stocks 5 357,503 446,072
Debtors 6 392,657 478,050
Cash at bank and in hand 214,851 315,185
965,011 1,239,307
Creditors: Amounts Falling Due Within One Year 7 (585,380 ) (864,082 )
NET CURRENT ASSETS (LIABILITIES) 379,631 375,225
TOTAL ASSETS LESS CURRENT LIABILITIES 1,006,389 1,041,573
Creditors: Amounts Falling Due After More Than One Year 8 (28,333 ) (38,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (132,571 ) (96,715 )
NET ASSETS 845,485 906,525
CAPITAL AND RESERVES
Called up share capital 10 810 810
Profit and Loss Account 844,675 905,715
SHAREHOLDERS' FUNDS 845,485 906,525
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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 Richard Taylor
Director
13th September 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
R G S INVESTMENTS LIMITED Registered number 2350517 is a limited by shares company incorporated in England & Wales. The Registered Office is 1 Abingdon Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0UG.
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 Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold No depreciation
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% straight line
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 28)
28 28
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 99,068 1,091,483 48,990 15,430
Additions - 53,018 - -
As at 31 March 2024 99,068 1,144,501 48,990 15,430
Depreciation
As at 1 April 2023 99,068 496,575 23,190 9,862
Provided during the period - 85,426 5,898 128
As at 31 March 2024 99,068 582,001 29,088 9,990
Net Book Value
As at 31 March 2024 - 562,500 19,902 5,440
As at 1 April 2023 - 594,908 25,800 5,568
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Computer Equipment Total
£ £
Cost
As at 1 April 2023 46,684 1,301,655
Additions - 53,018
As at 31 March 2024 46,684 1,354,673
Depreciation
As at 1 April 2023 6,612 635,307
Provided during the period 1,156 92,608
As at 31 March 2024 7,768 727,915
Net Book Value
As at 31 March 2024 38,916 626,758
As at 1 April 2023 40,072 666,348
5. Stocks
2024 2023
£ £
Stock 357,503 446,072
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 392,657 478,050
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 176,188 319,409
Bank loans and overdrafts 2,447 -
Corporation tax 25,347 21,382
Other taxes and social security 40,406 42,411
VAT 48,296 71,327
Sundry creditors 2,253 2,253
Pension Fund 4,033 4,329
Amada Loan 286,410 402,971
585,380 864,082
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,333 38,333
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances net of tax losses which are expected to be utilised against future trading profits.
2024 2023
£ £
Other timing differences 132,571 96,715
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 810 810
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 91,500 61,300
12. Ultimate Controlling Party
The company's ultimate controlling party is Fastwest Ltd., a company incorporated in England and Wales by virtue of its ownership of 100% of the issued share capital in the company. The director, Mr R B Taylor, is one of the shareholders of Fastwest Ltd.
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