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 11157535 R S Gill C Patel R S Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11157535 2022-12-31 11157535 2023-12-31 11157535 2023-01-01 2023-12-31 11157535 frs-core:CurrentFinancialInstruments 2023-12-31 11157535 frs-core:ComputerEquipment 2023-12-31 11157535 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11157535 frs-core:ComputerEquipment 2022-12-31 11157535 frs-core:FurnitureFittings 2023-12-31 11157535 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11157535 frs-core:FurnitureFittings 2022-12-31 11157535 frs-core:MotorVehicles 2023-12-31 11157535 frs-core:MotorVehicles 2023-01-01 2023-12-31 11157535 frs-core:MotorVehicles 2022-12-31 11157535 frs-core:ShareCapital 2023-12-31 11157535 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11157535 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11157535 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11157535 frs-bus:SmallEntities 2023-01-01 2023-12-31 11157535 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11157535 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11157535 frs-bus:Director1 2023-01-01 2023-12-31 11157535 frs-bus:Director1 2022-12-31 11157535 frs-bus:Director1 2023-12-31 11157535 frs-bus:Director2 2023-01-01 2023-12-31 11157535 frs-bus:Director2 2022-12-31 11157535 frs-bus:Director2 2023-12-31 11157535 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11157535 frs-countries:EnglandWales 2023-01-01 2023-12-31 11157535 2021-12-31 11157535 2022-12-31 11157535 2022-01-01 2022-12-31 11157535 frs-core:CurrentFinancialInstruments 2022-12-31 11157535 frs-core:ShareCapital 2022-12-31 11157535 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11157535
Rg Distribution Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11157535
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,495 8,801
42,495 8,801
CURRENT ASSETS
Debtors 5 201,629 20,713
Cash at bank and in hand 296,284 206,955
497,913 227,668
Creditors: Amounts Falling Due Within One Year 6 (341,728 ) (232,989 )
NET CURRENT ASSETS (LIABILITIES) 156,185 (5,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES 198,680 3,480
NET ASSETS 198,680 3,480
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 198,678 3,478
SHAREHOLDERS' FUNDS 198,680 3,480
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
R S Gill
Director
20th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rg Distribution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11157535 . The registered office is 111 Ross Walk, Leicester, Leicestershire, LE4 5HH.
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 from 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:
Motor Vehicles 20% on Cost
Fixtures & Fittings 20% on Cost
Computer Equipment 20% on Cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 9)
12 9
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 3,761 9,185 4,719 17,665
Additions - 41,109 3,234 44,343
As at 31 December 2023 3,761 50,294 7,953 62,008
Depreciation
As at 1 January 2023 2,798 3,878 2,188 8,864
Provided during the period 752 8,369 1,528 10,649
As at 31 December 2023 3,550 12,247 3,716 19,513
...CONTINUED
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Net Book Value
As at 31 December 2023 211 38,047 4,237 42,495
As at 1 January 2023 963 5,307 2,531 8,801
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 93,845 -
Other debtors 107,784 20,713
201,629 20,713
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 254,041 163,289
Bank loans and overdrafts 4,285 40,513
Other creditors 757 14,921
Taxation and social security 82,645 14,266
341,728 232,989
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Ramandip Gill 9,856 42,036 36,000 - 15,892
Mr Chetan Patel 9,857 42,036 36,000 - 15,892
The above loan is unsecured, interest free and repayable on demand.
Page 4