Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 2 July 2021 false 1 January 2023 31 December 2023 31 December 2023 13490820 Mr Anthony Basker Mr Timothy Drake Mr Jason Bodell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13490820 2022-12-31 13490820 2023-12-31 13490820 2023-01-01 2023-12-31 13490820 frs-core:CurrentFinancialInstruments 2023-12-31 13490820 frs-core:ComputerEquipment 2023-12-31 13490820 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13490820 frs-core:ComputerEquipment 2022-12-31 13490820 frs-core:ShareCapital 2023-12-31 13490820 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13490820 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13490820 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13490820 frs-bus:SmallEntities 2023-01-01 2023-12-31 13490820 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13490820 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13490820 1 2023-01-01 2023-12-31 13490820 frs-bus:Director1 2023-01-01 2023-12-31 13490820 frs-bus:Director2 2023-01-01 2023-12-31 13490820 frs-bus:Director3 2023-01-01 2023-12-31 13490820 frs-countries:EnglandWales 2023-01-01 2023-12-31 13490820 2021-07-01 13490820 2022-12-31 13490820 2021-07-02 2022-12-31 13490820 frs-core:CurrentFinancialInstruments 2022-12-31 13490820 frs-core:ShareCapital 2022-12-31 13490820 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13490820
Ronins Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13490820
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,487 16,032
10,487 16,032
CURRENT ASSETS
Debtors 5 75,107 146,152
Cash at bank and in hand 99,494 68,666
174,601 214,818
Creditors: Amounts Falling Due Within One Year 6 (133,428 ) (177,860 )
NET CURRENT ASSETS (LIABILITIES) 41,173 36,958
TOTAL ASSETS LESS CURRENT LIABILITIES 51,660 52,990
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,622 ) (4,008 )
NET ASSETS 49,038 48,982
CAPITAL AND RESERVES
Called up share capital 7 20 10
Profit and Loss Account 49,018 48,972
SHAREHOLDERS' FUNDS 49,038 48,982
Page 1
Page 2
For the year ending 31 December 2023 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 Anthony Basker
Director
16th 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
Ronins Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13490820 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
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.
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. 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:
Computer Equipment 33.33% on cost
2.4. 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.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 1)
3 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 18,511
Additions 804
As at 31 December 2023 19,315
Depreciation
As at 1 January 2023 2,479
Provided during the period 6,349
As at 31 December 2023 8,828
Net Book Value
As at 31 December 2023 10,487
As at 1 January 2023 16,032
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 67,047 140,135
Other debtors 8,060 6,017
75,107 146,152
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 15,786 38,853
Other creditors 88,424 85,050
Taxation and social security 29,218 53,957
133,428 177,860
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 20 10
8. Related Party Transactions
As at the year end, and included in Other Creditors is £88,168  (2022: £83,450) owed to the directors. This loan is non-interest bearing and repayable on demand.
During the year £nil (2022: £53,000) was paid to the director.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr A Basker by virtue of his ownership of 52% of the issued share capital in the company.
Page 5