Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 30 September 2024 1 January 2023 31 December 2023 31 December 2023 01619373 Mr Matheus Muermans Mr Johannes Van Blokland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01619373 2022-12-31 01619373 2023-12-31 01619373 2023-01-01 2023-12-31 01619373 frs-core:CurrentFinancialInstruments 2023-12-31 01619373 frs-core:FurnitureFittings 2023-12-31 01619373 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01619373 frs-core:FurnitureFittings 2022-12-31 01619373 frs-core:PlantMachinery 2023-01-01 2023-12-31 01619373 frs-core:ShareCapital 2023-12-31 01619373 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01619373 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01619373 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01619373 frs-bus:SmallEntities 2023-01-01 2023-12-31 01619373 frs-bus:Audited 2023-01-01 2023-12-31 01619373 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01619373 frs-bus:Director1 2023-01-01 2023-12-31 01619373 frs-bus:Director2 2023-01-01 2023-12-31 01619373 frs-countries:EnglandWales 2023-01-01 2023-12-31 01619373 2021-12-31 01619373 2022-12-31 01619373 2022-01-01 2022-12-31 01619373 frs-core:CurrentFinancialInstruments 2022-12-31 01619373 frs-core:ShareCapital 2022-12-31 01619373 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01619373
Rademaker Limited
Financial Statements
For The Year Ended 31 December 2023
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 01619373
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,199 6,583
4,199 6,583
CURRENT ASSETS
Debtors 5 134,735 48,012
Cash at bank and in hand 6,938 175,456
141,673 223,468
Creditors: Amounts Falling Due Within One Year 6 (80,563 ) (44,776 )
NET CURRENT ASSETS (LIABILITIES) 61,110 178,692
TOTAL ASSETS LESS CURRENT LIABILITIES 65,309 185,275
NET ASSETS 65,309 185,275
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 65,209 185,175
SHAREHOLDERS' FUNDS 65,309 185,275
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 Matheus Muermans
Director
30th September 2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rademaker Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01619373 . The registered office is 1 London Road, Ipswich, Suffolk, IP1 2HA.
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:
Plant & Machinery 33% on cost
Fixtures & Fittings 20% on reducing balance and 33% 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.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 33,116
Additions 1,586
As at 31 December 2023 34,702
Depreciation
As at 1 January 2023 26,533
Provided during the period 3,970
As at 31 December 2023 30,503
Net Book Value
As at 31 December 2023 4,199
As at 1 January 2023 6,583
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 38,540 14,844
Prepayments and accrued income 8,924 8,845
Other debtors 4,152 500
VAT 12,557 -
Amounts owed by group undertakings 70,562 23,823
134,735 48,012
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 40,708 7,180
Other taxes and social security 24,056 23,235
VAT - 6,154
Net wages 1,345 -
Other creditors 1,307 1,307
Accruals and deferred income 13,147 6,900
80,563 44,776
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
There were no related party transactions
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9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditors report on the account of Rademaker Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Christopher John Smith FCA ACCA (Senior Statutory Auditor) for and on behalf of GMS FC Ltd , Statutory Auditor
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