Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05815057 Mr Michael Richardson M Richardson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05815057 2023-05-31 05815057 2024-05-31 05815057 2023-06-01 2024-05-31 05815057 frs-core:CurrentFinancialInstruments 2024-05-31 05815057 frs-core:MotorVehicles 2024-05-31 05815057 frs-core:MotorVehicles 2023-06-01 2024-05-31 05815057 frs-core:MotorVehicles 2023-05-31 05815057 frs-core:PlantMachinery 2023-06-01 2024-05-31 05815057 frs-core:ShareCapital 2024-05-31 05815057 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05815057 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05815057 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05815057 frs-bus:SmallEntities 2023-06-01 2024-05-31 05815057 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05815057 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05815057 1 2023-06-01 2024-05-31 05815057 frs-bus:Director1 2023-06-01 2024-05-31 05815057 frs-countries:EnglandWales 2023-06-01 2024-05-31 05815057 2022-05-31 05815057 2023-05-31 05815057 2022-06-01 2023-05-31 05815057 frs-core:CurrentFinancialInstruments 2023-05-31 05815057 frs-core:WithinOneYear 2023-05-31 05815057 frs-core:ShareCapital 2023-05-31 05815057 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05815057
m & d Richardson Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05815057
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 11,879
- 11,879
CURRENT ASSETS
Cash at bank and in hand 3,757 7,684
3,757 7,684
Creditors: Amounts Falling Due Within One Year 5 (2,953 ) (12,730 )
NET CURRENT ASSETS (LIABILITIES) 804 (5,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES 804 6,833
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,105 ) (5,035 )
NET (LIABILITIES)/ASSETS (4,301 ) 1,798
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (4,401 ) 1,698
SHAREHOLDERS' FUNDS (4,301) 1,798
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For the year ending 31 May 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 Michael Richardson
Director
23rd July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
m & d Richardson Limited Registered number 05815057 is a limited by shares company incorporated in England & Wales. The Registered Office is Solana, Linwood Road, Market Rasen, Lincs, LN8 3AW.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Plant & Machinery 25% on cost
Motor Vehicles 20% on cost
2.4. 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.
2.5. 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.
2.6. 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:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 June 2023 29,698
Disposals (29,698 )
Depreciation
As at 1 June 2023 17,819
Disposals (17,819 )
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 11,879
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 7,019
Corporation tax 2,223 4,381
Accruals and deferred income 375 350
Director's loan account 355 980
2,953 12,730
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 7,019
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 16,000 16,000
10. Ultimate Controlling Party
The company's ultimate controlling party is M Richardson by virtue of his ownership of 100% of the issued share capital in the company.
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