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 07126645 Mr Robin Gardner true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07126645 2022-12-31 07126645 2023-12-31 07126645 2023-01-01 2023-12-31 07126645 frs-core:CurrentFinancialInstruments 2023-12-31 07126645 frs-core:Non-currentFinancialInstruments 2023-12-31 07126645 frs-core:ComputerEquipment 2023-12-31 07126645 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07126645 frs-core:ComputerEquipment 2022-12-31 07126645 frs-core:FurnitureFittings 2023-12-31 07126645 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07126645 frs-core:FurnitureFittings 2022-12-31 07126645 frs-core:PlantMachinery 2023-12-31 07126645 frs-core:PlantMachinery 2023-01-01 2023-12-31 07126645 frs-core:PlantMachinery 2022-12-31 07126645 frs-core:ShareCapital 2023-12-31 07126645 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07126645 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07126645 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07126645 frs-bus:SmallEntities 2023-01-01 2023-12-31 07126645 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07126645 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07126645 1 2023-01-01 2023-12-31 07126645 frs-bus:Director1 2023-01-01 2023-12-31 07126645 frs-countries:EnglandWales 2023-01-01 2023-12-31 07126645 2021-12-31 07126645 2022-12-31 07126645 2022-01-01 2022-12-31 07126645 frs-core:CurrentFinancialInstruments 2022-12-31 07126645 frs-core:Non-currentFinancialInstruments 2022-12-31 07126645 frs-core:ShareCapital 2022-12-31 07126645 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07126645
RGE Firesec Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07126645
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,134 1,418
1,134 1,418
CURRENT ASSETS
Stocks 5 1,058 6,058
Debtors 6 17,916 60,264
Cash at bank and in hand 10,875 6,574
29,849 72,896
Creditors: Amounts Falling Due Within One Year 7 (18,635 ) (58,146 )
NET CURRENT ASSETS (LIABILITIES) 11,214 14,750
TOTAL ASSETS LESS CURRENT LIABILITIES 12,348 16,168
Creditors: Amounts Falling Due After More Than One Year 8 - (15,696 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (284 ) (354 )
NET ASSETS 12,064 118
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 11,964 18
SHAREHOLDERS' FUNDS 12,064 118
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 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.
The financial statements were approved by the board of directors on 6 August 2024 and were signed on its behalf by:
Mr Robin Gardner
Director
06/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RGE Firesec Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07126645 . The registered office is Unit 7, Vulcan House, Restmor Way, Wallington, Surrey, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.3. Turnover
Turnover represents amounts receivable for electrician services net of VAT.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs.  Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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:
Plant & Machinery 20% per annum reducing balance
Fixtures & Fittings 20% per annum reducing balance
Computer Equipment 20% per annum reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.5. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. 
2.6. 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.
Page 3
Page 4
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 
Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.8. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss
2.9. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as eported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with 
in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Page 4
Page 5
2.10. Government Grant
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met.  Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.11. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.12. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.  
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: )
1 -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 22,112 2,182 382 24,676
As at 31 December 2023 22,112 2,182 382 24,676
Depreciation
As at 1 January 2023 20,832 2,085 341 23,258
Provided during the period 256 20 8 284
As at 31 December 2023 21,088 2,105 349 23,542
Net Book Value
As at 31 December 2023 1,024 77 33 1,134
As at 1 January 2023 1,280 97 41 1,418
5. Stocks
2023 2022
£ £
Stock 1,058 6,058
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment.
Page 5
Page 6
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 17,916 21,780
Other debtors - 38,484
17,916 60,264
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,929 4,015
Bank loans and overdrafts - 40,879
Other creditors 2,482 2,140
Taxation and social security 11,224 11,112
18,635 58,146
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 15,696
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The ultimate controlling party is R Gardner by virtue of his directorship and shareholding.
Page 6