Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 02531871 Mr R Roberts Mrs S Roberts Mr G Roberts Ms K J Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02531871 2023-08-31 02531871 2024-08-31 02531871 2023-09-01 2024-08-31 02531871 frs-core:CurrentFinancialInstruments 2024-08-31 02531871 frs-core:Non-currentFinancialInstruments 2024-08-31 02531871 frs-core:ComputerEquipment 2023-09-01 2024-08-31 02531871 frs-core:FurnitureFittings 2024-08-31 02531871 frs-core:FurnitureFittings 2023-09-01 2024-08-31 02531871 frs-core:FurnitureFittings 2023-08-31 02531871 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 02531871 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02531871 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 02531871 frs-core:MotorVehicles 2024-08-31 02531871 frs-core:MotorVehicles 2023-09-01 2024-08-31 02531871 frs-core:MotorVehicles 2023-08-31 02531871 frs-core:PlantMachinery 2024-08-31 02531871 frs-core:PlantMachinery 2023-09-01 2024-08-31 02531871 frs-core:PlantMachinery 2023-08-31 02531871 frs-core:WithinOneYear 2024-08-31 02531871 frs-core:ShareCapital 2024-08-31 02531871 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 02531871 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02531871 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 02531871 frs-bus:SmallEntities 2023-09-01 2024-08-31 02531871 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02531871 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02531871 frs-bus:Director1 2023-09-01 2024-08-31 02531871 frs-bus:Director2 2023-09-01 2024-08-31 02531871 frs-bus:Director3 2023-09-01 2024-08-31 02531871 frs-bus:Director4 2023-09-01 2024-08-31 02531871 frs-countries:EnglandWales 2023-09-01 2024-08-31 02531871 2022-08-31 02531871 2023-08-31 02531871 2022-09-01 2023-08-31 02531871 frs-core:CurrentFinancialInstruments 2023-08-31 02531871 frs-core:Non-currentFinancialInstruments 2023-08-31 02531871 frs-core:WithinOneYear 2023-08-31 02531871 frs-core:ShareCapital 2023-08-31 02531871 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 02531871
R.G. Roberts Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Christian Phipps & Co Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02531871
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 380,730 379,082
380,730 379,082
CURRENT ASSETS
Stocks 5 1,250 56,001
Debtors 6 2,913,990 2,739,702
Investments 7 211,609 186,173
Cash at bank and in hand 882,420 488,993
4,009,269 3,470,869
Creditors: Amounts Falling Due Within One Year 8 (1,023,707 ) (817,317 )
NET CURRENT ASSETS (LIABILITIES) 2,985,562 2,653,552
TOTAL ASSETS LESS CURRENT LIABILITIES 3,366,292 3,032,634
Creditors: Amounts Falling Due After More Than One Year 9 (626,140 ) (635,493 )
NET ASSETS 2,740,152 2,397,141
CAPITAL AND RESERVES
Called up share capital 11 1,104 1,104
Profit and Loss Account 2,739,048 2,396,037
SHAREHOLDERS' FUNDS 2,740,152 2,397,141
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For the year ending 31 August 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 R Roberts
Director
01/10/2024
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
R.G. Roberts Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02531871 . The registered office is BODAFON, BENLLECH, ANGLESEY, LL74 8RU.
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:
Freehold 0%
Plant & Machinery 15%
Motor Vehicles 20%
Fixtures & Fittings 0%
Computer Equipment 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.6. 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: 8 (2023: 7)
8 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2023 343,199 141,032 77,635 71,561 633,427
Additions - 7,326 18,737 - 26,063
Disposals - - (19,250 ) - (19,250 )
As at 31 August 2024 343,199 148,358 77,122 71,561 640,240
Depreciation
As at 1 September 2023 - 130,489 53,510 70,346 254,345
Provided during the period - 5,093 11,370 1,215 17,678
Disposals - - (12,513 ) - (12,513 )
As at 31 August 2024 - 135,582 52,367 71,561 259,510
Net Book Value
As at 31 August 2024 343,199 12,776 24,755 - 380,730
As at 1 September 2023 343,199 10,543 24,125 1,215 379,082
5. Stocks
2024 2023
£ £
Stock 1,250 56,001
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,379 18,854
Other debtors 2,883,611 2,720,848
2,913,990 2,739,702
7. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 211,609 186,173
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,580 13,643
Trade creditors 896,889 699,532
Other creditors 3,827 4,848
Taxation and social security 114,411 99,294
1,023,707 817,317
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,140 35,493
Due to Group Companies 600,000 600,000
626,140 635,493
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,580 13,643
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,104 1,104
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 55,280 -
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13. Related Party Transactions
Rhos Farm Caravan Park Ltd is a wholly owned subsidiary. At 31st August 2024 the Company owed £2088275 (2023-£2654040). During the year the Comapny invoiced Rhos Farm Caravan Park Ltd £22000 (2023-£10000) in respect of management fees.
Glan Gors Ltd is a part owned subsidiary (85.08%). At 31st August 2024 £640034 was owed to Glan Gors Ltd (2023-£994097).During the year the Company invoiced Glan Gors Ltd £89000 (2023-£100000) in respect of management fees.
Tyn Rhos Ltd is a wholly owned subsidiary. At 31st August 2024 Tyn Rhos Ltd was owed £554522 (2023 £-46810). During the year the Company invoiced Tyn Rhos Ltd £71000 (2023-£71722) in respect of management fees.
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