Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05279857 Mrs Amanda Roberts Mr Euan Roberts Mrs Amanda Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05279857 2022-12-31 05279857 2023-12-31 05279857 2023-01-01 2023-12-31 05279857 frs-core:CurrentFinancialInstruments 2023-12-31 05279857 frs-core:Non-currentFinancialInstruments 2023-12-31 05279857 frs-core:ComputerEquipment 2023-12-31 05279857 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05279857 frs-core:ComputerEquipment 2022-12-31 05279857 frs-core:FurnitureFittings 2023-12-31 05279857 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05279857 frs-core:FurnitureFittings 2022-12-31 05279857 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 05279857 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05279857 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 05279857 frs-core:MotorVehicles 2023-12-31 05279857 frs-core:MotorVehicles 2023-01-01 2023-12-31 05279857 frs-core:MotorVehicles 2022-12-31 05279857 frs-core:PlantMachinery 2023-12-31 05279857 frs-core:PlantMachinery 2023-01-01 2023-12-31 05279857 frs-core:PlantMachinery 2022-12-31 05279857 frs-core:CapitalRedemptionReserve 2023-12-31 05279857 frs-core:ShareCapital 2023-12-31 05279857 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05279857 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05279857 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05279857 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05279857 frs-bus:SmallEntities 2023-01-01 2023-12-31 05279857 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05279857 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05279857 frs-bus:Director1 2023-01-01 2023-12-31 05279857 frs-bus:Director2 2023-01-01 2023-12-31 05279857 frs-bus:Director2 2022-12-31 05279857 frs-bus:Director2 2023-12-31 05279857 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05279857 1 2023-01-01 2023-12-31 05279857 frs-core:CurrentFinancialInstruments 1 2023-12-31 05279857 frs-countries:EnglandWales 2023-01-01 2023-12-31 05279857 2021-12-31 05279857 2022-12-31 05279857 2022-01-01 2022-12-31 05279857 frs-core:CurrentFinancialInstruments 2022-12-31 05279857 frs-core:Non-currentFinancialInstruments 2022-12-31 05279857 frs-core:CapitalRedemptionReserve 2021-12-31 05279857 frs-core:CapitalRedemptionReserve 2022-12-31 05279857 frs-core:ShareCapital 2021-12-31 05279857 frs-core:ShareCapital 2022-12-31 05279857 frs-core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 05279857 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-12-31 05279857 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05279857 1 2022-01-01 2022-12-31 05279857 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05279857
ARC Taunton Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 05279857
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,159 44,023
34,159 44,023
CURRENT ASSETS
Stocks 850 1,000
Debtors 5 78,401 89,008
Cash at bank and in hand 51,352 59,131
130,603 149,139
Creditors: Amounts Falling Due Within One Year 6 (24,484 ) (29,293 )
NET CURRENT ASSETS (LIABILITIES) 106,119 119,846
TOTAL ASSETS LESS CURRENT LIABILITIES 140,278 163,869
Creditors: Amounts Falling Due After More Than One Year 7 (4,342 ) (7,510 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,075 ) (6,825 )
NET ASSETS 130,861 149,534
CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Profit and Loss Account 130,858 149,531
SHAREHOLDERS' FUNDS 130,861 149,534
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
Mrs Amanda Roberts
Director
Mr Euan Roberts
Director
18 September 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Capital Redemption Profit and Loss Account Total
£ £ £ £
As at 1 January 2022 2 1 160,630 160,633
Profit for the year and total comprehensive income - - 22,101 22,101
Dividends paid - - (33,200) (33,200)
As at 31 December 2022 and 1 January 2023 2 1 149,531 149,534
Profit for the year and total comprehensive income - - 16,327 16,327
Dividends paid - - (35,000) (35,000)
As at 31 December 2023 2 1 130,858 130,861
Page 3
Page 4
Notes to the Financial Statements
1. General Information
ARC Taunton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05279857 . The registered office is Suite 106 Viney Court, Viney Street, Taunton, Somerset, TA1 3FB.
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 form 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. 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:
Leasehold 5% straight line
Plant & Machinery 20% reducing balance
Motor Vehicles 25% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
2.5. 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.
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.
...CONTINUED
Page 4
Page 5
2.5. Taxation - continued
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
2023 2022
Average number of employees including directors 3 3
3 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 12,452 13,664 64,045 13,643
Additions - 339 - 107
Disposals - - - (129 )
As at 31 December 2023 12,452 14,003 64,045 13,621
Depreciation
As at 1 January 2023 4,064 7,004 37,355 11,563
Provided during the period 623 1,231 7,811 407
Disposals - - - (57 )
As at 31 December 2023 4,687 8,235 45,166 11,913
Net Book Value
As at 31 December 2023 7,765 5,768 18,879 1,708
As at 1 January 2023 8,388 6,660 26,690 2,080
Computer Equipment Total
£ £
Cost
As at 1 January 2023 725 104,529
Additions - 446
Disposals - (129 )
As at 31 December 2023 725 104,846
Depreciation
As at 1 January 2023 520 60,506
Provided during the period 166 10,238
Disposals - (57 )
As at 31 December 2023 686 70,687
Net Book Value
As at 31 December 2023 39 34,159
As at 1 January 2023 205 44,023
Page 5
Page 6
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 28,257 28,322
Prepayments and accrued income 2,226 2,220
Directors' loan accounts 931 116
Amounts owed by connected companies 46,987 58,350
78,401 89,008
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,657 11,301
Bank loans and overdrafts 3,181 3,109
Corporation tax 6,142 4,528
Other taxes and social security 825 876
VAT 7,940 6,875
Other creditors 2,527 380
Pension creditor 218 284
Accruals and deferred income 1,994 1,940
24,484 29,293
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 4,342 7,510
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Euan Roberts 116 1,393 (578 ) - 931
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
Companies owned by the directors and other family members.
The company paid rent of £6,600 (2022 - £6,600) to a related party. The company also maintained loans with related parties. The loans are interest free and repayed on demand. At the balance sheet the amount due to the company by related parties was £46,987 (2022 - £58,350).
Page 6