Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 12891929 Mr R D Haines Mrs C J Haines iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12891929 2022-09-30 12891929 2023-09-30 12891929 2022-10-01 2023-09-30 12891929 frs-core:CurrentFinancialInstruments 2023-09-30 12891929 frs-core:Non-currentFinancialInstruments 2023-09-30 12891929 frs-core:FurnitureFittings 2023-09-30 12891929 frs-core:FurnitureFittings 2022-10-01 2023-09-30 12891929 frs-core:FurnitureFittings 2022-09-30 12891929 frs-core:MotorVehicles 2023-09-30 12891929 frs-core:MotorVehicles 2022-10-01 2023-09-30 12891929 frs-core:MotorVehicles 2022-09-30 12891929 frs-core:ShareCapital 2023-09-30 12891929 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12891929 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12891929 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 12891929 frs-bus:SmallEntities 2022-10-01 2023-09-30 12891929 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12891929 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12891929 frs-bus:Director1 2022-10-01 2023-09-30 12891929 frs-bus:Director1 2022-09-30 12891929 frs-bus:Director1 2023-09-30 12891929 frs-bus:Director2 2022-10-01 2023-09-30 12891929 frs-countries:EnglandWales 2022-10-01 2023-09-30 12891929 2021-09-30 12891929 2022-09-30 12891929 2021-10-01 2022-09-30 12891929 frs-core:CurrentFinancialInstruments 2022-09-30 12891929 frs-core:Non-currentFinancialInstruments 2022-09-30 12891929 frs-core:ShareCapital 2022-09-30 12891929 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
RH Pallets Services Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12891929
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,418 17,210
27,418 17,210
CURRENT ASSETS
Debtors 5 19,622 33,249
Cash at bank and in hand 82 426
19,704 33,675
Creditors: Amounts Falling Due Within One Year 6 (136,874 ) (118,522 )
NET CURRENT ASSETS (LIABILITIES) (117,170 ) (84,847 )
TOTAL ASSETS LESS CURRENT LIABILITIES (89,752 ) (67,637 )
Creditors: Amounts Falling Due After More Than One Year 7 - (27,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,209 ) (3,923 )
NET LIABILITIES (94,961 ) (99,060 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (95,061 ) (99,160 )
SHAREHOLDERS' FUNDS (94,961) (99,060)
Page 1
Page 2
For the year ending 30 September 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 R D Haines
Director
20 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
RH Pallets Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12891929 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
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.
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:
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
2.4. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2022 17,895 7,067 24,962
Additions 19,000 - 19,000
As at 30 September 2023 36,895 7,067 43,962
Depreciation
As at 1 October 2022 5,769 1,983 7,752
Provided during the period 7,379 1,413 8,792
As at 30 September 2023 13,148 3,396 16,544
Net Book Value
As at 30 September 2023 23,747 3,671 27,418
As at 1 October 2022 12,126 5,084 17,210
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 11,410
Other debtors 4,813 5,357
Directors' loan accounts 14,809 16,482
19,622 33,249
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 5,950
Bank loans and overdrafts - 10,000
Corporation tax 4,813 5,357
Other taxes and social security 34,314 39,350
VAT 97,747 57,865
136,874 118,522
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 27,500
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr Richard Haines 16,482 181,947 183,620 - 14,809
The above loan is unsecured, interest free and repayable on demand.
Page 5