Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12190009 Mr David Weller Mr Adam Blissett Mr Rowland Cheall Mr David Weller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12190009 2022-10-31 12190009 2023-10-31 12190009 2022-11-01 2023-10-31 12190009 frs-core:CurrentFinancialInstruments 2023-10-31 12190009 frs-core:Non-currentFinancialInstruments 2023-10-31 12190009 frs-core:FurnitureFittings 2023-10-31 12190009 frs-core:FurnitureFittings 2022-11-01 2023-10-31 12190009 frs-core:FurnitureFittings 2022-10-31 12190009 frs-core:SharePremium 2023-10-31 12190009 frs-core:ShareCapital 2023-10-31 12190009 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12190009 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12190009 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12190009 frs-bus:SmallEntities 2022-11-01 2023-10-31 12190009 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12190009 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12190009 frs-bus:Director1 2022-11-01 2023-10-31 12190009 frs-bus:Director2 2022-11-01 2023-10-31 12190009 frs-bus:Director3 2022-11-01 2023-10-31 12190009 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 12190009 frs-countries:EnglandWales 2022-11-01 2023-10-31 12190009 2021-10-31 12190009 2022-10-31 12190009 2021-11-01 2022-10-31 12190009 frs-core:CurrentFinancialInstruments 2022-10-31 12190009 frs-core:Non-currentFinancialInstruments 2022-10-31 12190009 frs-core:SharePremium 2022-10-31 12190009 frs-core:ShareCapital 2022-10-31 12190009 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12190009
RC Clothing Ltd
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12190009
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43 53
43 53
CURRENT ASSETS
Stocks 18,771 28,400
Debtors 5 17,381 14,531
Cash at bank and in hand 1,464 529
37,616 43,460
Creditors: Amounts Falling Due Within One Year 6 (78,237 ) (87,646 )
NET CURRENT ASSETS (LIABILITIES) (40,621 ) (44,186 )
TOTAL ASSETS LESS CURRENT LIABILITIES (40,578 ) (44,133 )
Creditors: Amounts Falling Due After More Than One Year 7 (5,464 ) (8,481 )
NET LIABILITIES (46,042 ) (52,614 )
CAPITAL AND RESERVES
Called up share capital 8 110 100
Share premium account 24,990 -
Profit and Loss Account (71,142 ) (52,714 )
SHAREHOLDERS' FUNDS (46,042) (52,614)
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For the year ending 31 October 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 David Weller
Director
17/09/2024
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
RC Clothing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12190009 . The registered office is 28a High Street, Ewell, Epsom, Surrey, KT17 1RW.
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
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however in their view the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
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:
Fixtures & Fittings 20% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items. 
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 during the year was as follows: NIL (2022: NIL)
- -
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 108
As at 31 October 2023 108
Depreciation
As at 1 November 2022 55
Provided during the period 10
As at 31 October 2023 65
Net Book Value
As at 31 October 2023 43
As at 1 November 2022 53
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,263 1,619
Other debtors 15,118 12,912
17,381 14,531
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,351 3,260
Bank loans and overdrafts 3,017 2,942
Other loans 2,831 -
Other creditors 60,293 81,444
Taxation and social security 5,745 -
78,237 87,646
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 5,464 8,481
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 110 100
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9. Related Party Transactions
Included within other creditors is a loan from Lillian Kelly Ltd amounting to £5,569. This loan is interest-free and repayable on demand. 
During the period covered by these accounts, £4,320 was paid to Lillian Kelly Ltd for rent.
The director Mr D Weller has a controlling interest in Lillian Kelly Ltd.
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