Acorah Software Products - Accounts Production 15.0.600 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 01272687 Mr Nigel Howard Read Mrs Anne Caroline Smalley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01272687 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-07-31 01272687 2023-07-31 01272687 2024-07-31 01272687 2023-08-01 2024-07-31 01272687 frs-core:CurrentFinancialInstruments 2024-07-31 01272687 frs-core:Non-currentFinancialInstruments 2024-07-31 01272687 frs-core:ComputerEquipment 2024-07-31 01272687 frs-core:ComputerEquipment 2023-08-01 2024-07-31 01272687 frs-core:ComputerEquipment 2023-07-31 01272687 frs-core:FurnitureFittings 2024-07-31 01272687 frs-core:FurnitureFittings 2023-08-01 2024-07-31 01272687 frs-core:FurnitureFittings 2023-07-31 01272687 frs-core:ShareCapital 2024-07-31 01272687 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 01272687 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01272687 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 01272687 frs-bus:SmallEntities 2023-08-01 2024-07-31 01272687 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01272687 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01272687 frs-core:UnlistedNon-exchangeTraded 2024-07-31 01272687 frs-core:UnlistedNon-exchangeTraded 2023-07-31 01272687 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 01272687 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 01272687 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 01272687 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 01272687 frs-bus:Director1 2023-08-01 2024-07-31 01272687 frs-bus:Director1 2023-07-31 01272687 frs-bus:Director1 2024-07-31 01272687 frs-bus:Director2 2023-08-01 2024-07-31 01272687 frs-bus:Director2 2023-07-31 01272687 frs-bus:Director2 2024-07-31 01272687 frs-countries:EnglandWales 2023-08-01 2024-07-31 01272687 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-07-31 01272687 2022-07-31 01272687 2023-07-31 01272687 2022-08-01 2023-07-31 01272687 frs-core:CurrentFinancialInstruments 2023-07-31 01272687 frs-core:Non-currentFinancialInstruments 2023-07-31 01272687 frs-core:ShareCapital 2023-07-31 01272687 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 01272687
Read Management Services Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01272687
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,787 1,533
Investments 5 2 2
1,789 1,535
CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 25,387 24,531
Cash at bank and in hand 33,254 16,601
60,641 43,132
Creditors: Amounts Falling Due Within One Year 7 (147,914 ) (134,243 )
NET CURRENT ASSETS (LIABILITIES) (87,273 ) (91,111 )
TOTAL ASSETS LESS CURRENT LIABILITIES (85,484 ) (89,576 )
Creditors: Amounts Falling Due After More Than One Year 8 (16,094 ) (19,439 )
NET LIABILITIES (101,578 ) (109,015 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (101,678 ) (109,115 )
SHAREHOLDERS' FUNDS (101,578) (109,015)
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For the year ending 31 July 2024 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 Nigel Howard Read
Director
26 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Read Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01272687 . The registered office is 35 St Davids Road South, St Annes On Sea, Lancashire, FY8 1TJ.
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. Going Concern Disclosure
The financial statements have been prepared on the going concern basis on the assumption that continued support will be received from the directors and related parties.
2.3. 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.
2.4. 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:
Fixtures, fittings and equipment 20% on written down value
Website design 20% on cost
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures, fittings and equipment Website design Total
£ £ £
Cost
As at 1 August 2023 2,439 32,391 34,830
Additions 900 - 900
Disposals (795 ) - (795 )
As at 31 July 2024 2,544 32,391 34,935
Depreciation
As at 1 August 2023 909 32,388 33,297
Provided during the period 646 - 646
Disposals (795 ) - (795 )
As at 31 July 2024 760 32,388 33,148
Net Book Value
As at 31 July 2024 1,784 3 1,787
As at 1 August 2023 1,530 3 1,533
5. Investments
Unlisted
£
Cost
As at 1 August 2023 2
As at 31 July 2024 2
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 2
As at 1 August 2023 2
The company owns 100% of the issued share capital of International Sport Limited.

Aggregate capital and reserves

International Sport Limited (dormant) £2 (2020 - £2)

Result for the year

International Sport Limited £Nil (2020 - £Nil)

Under the provision of section 399 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so. Therefore the accounts show information about the company as an individual entity.
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 272 476
Other debtors 25,115 24,055
25,387 24,531
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 348 717
Bank loans and overdrafts 3,351 3,339
Other creditors 111,524 106,710
Deferred income 32,689 23,475
Amounts owed to group undertakings 2 2
147,914 134,243
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,094 19,439
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 2,732 6,077
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Nigel Read (265 ) - 2,124 - 1,859
Mrs Anne Smalley 457 - 1,859 - 2,316
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11. Related Party Transactions
TGM Snowsports Limited is a related party by virtue of the fact that Mr. N. H. Read and Mrs. A. C. Smalley are directors and shareholders of both companies. Transactions with TGM Snowsports Limited during the year and balances at 31st July 2024 are set out below ;
Other creditors £105,701.
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