Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08015872 Mr Matthew Morris Mrs Kirsten Morris Mr Mark Martin Mr Neil Astley Mrs Kim Astley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08015872 2023-03-31 08015872 2024-03-31 08015872 2023-04-01 2024-03-31 08015872 frs-core:CurrentFinancialInstruments 2024-03-31 08015872 frs-core:Non-currentFinancialInstruments 2024-03-31 08015872 frs-core:BetweenOneFiveYears 2024-03-31 08015872 frs-core:ComputerEquipment 2024-03-31 08015872 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08015872 frs-core:ComputerEquipment 2023-03-31 08015872 frs-core:FurnitureFittings 2024-03-31 08015872 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08015872 frs-core:FurnitureFittings 2023-03-31 08015872 frs-core:NetGoodwill 2024-03-31 08015872 frs-core:NetGoodwill 2023-04-01 2024-03-31 08015872 frs-core:NetGoodwill 2023-03-31 08015872 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08015872 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08015872 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 08015872 frs-core:MotorVehicles 2024-03-31 08015872 frs-core:MotorVehicles 2023-04-01 2024-03-31 08015872 frs-core:MotorVehicles 2023-03-31 08015872 frs-core:PlantMachinery 2024-03-31 08015872 frs-core:PlantMachinery 2023-04-01 2024-03-31 08015872 frs-core:PlantMachinery 2023-03-31 08015872 frs-core:WithinOneYear 2024-03-31 08015872 frs-core:RevaluationReserve 2023-04-01 2024-03-31 08015872 frs-core:RevaluationReserve 2023-03-31 08015872 frs-core:RevaluationReserve 2024-03-31 08015872 frs-core:ShareCapital 2024-03-31 08015872 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08015872 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08015872 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08015872 frs-bus:SmallEntities 2023-04-01 2024-03-31 08015872 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08015872 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08015872 frs-core:ListedExchangeTraded 2024-03-31 08015872 frs-core:ListedExchangeTraded 2023-03-31 08015872 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 08015872 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 08015872 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 08015872 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 08015872 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 08015872 frs-bus:Director1 2023-04-01 2024-03-31 08015872 frs-bus:Director2 2023-04-01 2024-03-31 08015872 frs-bus:Director3 2023-04-01 2024-03-31 08015872 frs-bus:Director4 2023-04-01 2024-03-31 08015872 frs-bus:Director5 2023-04-01 2024-03-31 08015872 frs-core:CurrentFinancialInstruments 9 2024-03-31 08015872 frs-countries:EnglandWales 2023-04-01 2024-03-31 08015872 2022-03-31 08015872 2023-03-31 08015872 2022-04-01 2023-03-31 08015872 frs-core:CurrentFinancialInstruments 2023-03-31 08015872 frs-core:Non-currentFinancialInstruments 2023-03-31 08015872 frs-core:BetweenOneFiveYears 2023-03-31 08015872 frs-core:WithinOneYear 2023-03-31 08015872 frs-core:RevaluationReserve 2023-03-31 08015872 frs-core:ShareCapital 2023-03-31 08015872 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08015872 frs-core:CurrentFinancialInstruments 2 2023-03-31 08015872 frs-core:CurrentFinancialInstruments 9 2023-03-31
R V Astley Ltd
Financial Statements
For The Year Ended 31 March 2024
Wynniatt-Husey Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08015872
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 55,237
Tangible Assets 5 1,952,524 1,998,738
Investments 6 498,984 368,941
2,451,508 2,422,916
CURRENT ASSETS
Stocks 7 1,831,149 2,073,642
Debtors 8 104,433 820,146
Cash at bank and in hand 580,520 389,858
2,516,102 3,283,646
Creditors: Amounts Falling Due Within One Year 9 (1,276,358 ) (1,228,844 )
NET CURRENT ASSETS (LIABILITIES) 1,239,744 2,054,802
TOTAL ASSETS LESS CURRENT LIABILITIES 3,691,252 4,477,718
Creditors: Amounts Falling Due After More Than One Year 10 (1,028,871 ) (1,076,884 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (81,525 ) (82,124 )
NET ASSETS 2,580,856 3,318,710
CAPITAL AND RESERVES
Called up share capital 13 100,007 100,007
Revaluation reserve 15 833,143 687,239
Profit and Loss Account 1,647,706 2,531,464
SHAREHOLDERS' FUNDS 2,580,856 3,318,710
Page 1
Page 2
For the year ending 31 March 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 Matthew Morris
Director
1 August 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R V Astley Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08015872 . The registered office is Redhouse Industrial Estate Middlemore Lane, West Aldridge, Walsall, West Midlands, WS9 8EA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Freehold 0%
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25& reducing balance
2.5. 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.
2.6. 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.
2.7. 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.
Page 3
Page 4
2.8. 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 as follows: 41 (2023: 41)
41 41
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 2,305,237
As at 31 March 2024 2,305,237
Amortisation
As at 1 April 2023 2,250,000
Provided during the period 55,237
As at 31 March 2024 2,305,237
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 55,237
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 1,600,000 629,778 296,205 425,758
Additions 26,425 - - 10,085
As at 31 March 2024 1,626,425 629,778 296,205 435,843
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 - 528,822 113,176 345,079
Provided during the period - 15,144 45,757 22,740
As at 31 March 2024 - 543,966 158,933 367,819
Net Book Value
As at 31 March 2024 1,626,425 85,812 137,272 68,024
As at 1 April 2023 1,600,000 100,956 183,029 80,679
Computer Equipment Total
£ £
Cost
As at 1 April 2023 175,595 3,127,336
Additions 12,692 49,202
As at 31 March 2024 188,287 3,176,538
Depreciation
As at 1 April 2023 141,521 1,128,598
Provided during the period 11,775 95,416
As at 31 March 2024 153,296 1,224,014
Net Book Value
As at 31 March 2024 34,991 1,952,524
As at 1 April 2023 34,074 1,998,738
6. Investments
Listed
£
Cost
As at 1 April 2023 368,941
Additions 130,043
As at 31 March 2024 498,984
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 498,984
As at 1 April 2023 368,941
7. Stocks
2024 2023
£ £
Stock 1,831,149 2,073,642
Page 5
Page 6
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 92,623 70,505
Prepayments and accrued income 249 229
Other debtors. 11,561 22,398
Other debtors (2) - 692,014
Glaast Loan - 35,000
104,433 820,146
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,246 46,052
Trade creditors 396,810 145,010
Corporation tax 1,089 37,248
Other taxes and social security 25,981 28,448
VAT 48,668 197,221
Net wages 4,487 3,558
Other creditors 766,340 762,233
Pension Control 3,815 3,074
Accruals and deferred income 6,000 6,000
Drawings Account TFA (78 ) -
1,276,358 1,228,844
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,568 99,581
Cumulative preference share dividends unpaid 977,303 977,303
1,028,871 1,076,884
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 23,246 46,052
Later than one year and not later than five years 51,568 99,581
74,814 145,633
74,814 145,633
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12. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 81,525 82,124
13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,007 100,007
14. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 586,418 412,349
Mr Mark Martin £  65,448.33
Mr Matthew Morris £136,382.19
Mr Neil Astley £287,519.70
Mrs Kirsten Morris £  97,068.13
15. Reserves
Revaluation Reserve
£
As at 1 April 2023 687,239
Surplus on revaluation 145,904
As at 31 March 2024 833,143
Page 7