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Registered number: 12708214
Resilience Residential Services 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: 12708214
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,688 64,566
193,688 64,566
CURRENT ASSETS
Debtors 5 215,909 203,434
Cash at bank and in hand 433,812 39,828
649,721 243,262
Creditors: Amounts Falling Due Within One Year 6 (809,514 ) (307,362 )
NET CURRENT ASSETS (LIABILITIES) (159,793 ) (64,100 )
TOTAL ASSETS LESS CURRENT LIABILITIES 33,895 466
NET ASSETS 33,895 466
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 33,795 366
SHAREHOLDERS' FUNDS 33,895 466
Page 1
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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.
On behalf of the board
Mr Tahir Mohammad Khan
Director
11/09/2024
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
Resilience Residential Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12708214 . The registered office is 225, 5300 Lakeside, Cheadle, SK8 3GP.
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 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 25% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2022: 16)
26 16
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 17,595 56,162 2,426 76,183
Additions 135,904 11,040 10,071 157,015
As at 31 December 2023 153,499 67,202 12,497 233,198
Depreciation
As at 1 January 2023 1,793 9,414 410 11,617
Provided during the period 18,880 7,676 1,337 27,893
As at 31 December 2023 20,673 17,090 1,747 39,510
Net Book Value
As at 31 December 2023 132,826 50,112 10,750 193,688
As at 1 January 2023 15,802 46,748 2,016 64,566
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 182,015 182,019
Prepayments and accrued income 31,527 19,968
Other debtors 500 550
Net wages 1,867 897
215,909 203,434
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 100,552 8,953
Corporation tax 4,708 -
Other taxes and social security 12,903 9,651
Other creditors 798 2,291
Accruals and deferred income 687,730 166,511
Director's loan account 2,823 119,956
809,514 307,362
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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