Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05556453 Robert Ayres Julie Ayres iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05556453 2023-09-30 05556453 2024-09-30 05556453 2023-10-01 2024-09-30 05556453 frs-core:CurrentFinancialInstruments 2024-09-30 05556453 frs-core:Non-currentFinancialInstruments 2024-09-30 05556453 frs-core:FurnitureFittings 2024-09-30 05556453 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05556453 frs-core:FurnitureFittings 2023-09-30 05556453 frs-core:MotorVehicles 2024-09-30 05556453 frs-core:MotorVehicles 2023-10-01 2024-09-30 05556453 frs-core:MotorVehicles 2023-09-30 05556453 frs-core:PlantMachinery 2023-10-01 2024-09-30 05556453 frs-core:ShareCapital 2024-09-30 05556453 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05556453 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05556453 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05556453 frs-bus:SmallEntities 2023-10-01 2024-09-30 05556453 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05556453 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05556453 frs-bus:Director1 2023-10-01 2024-09-30 05556453 frs-bus:Director2 2023-10-01 2024-09-30 05556453 frs-countries:EnglandWales 2023-10-01 2024-09-30 05556453 2022-09-30 05556453 2023-09-30 05556453 2022-10-01 2023-09-30 05556453 frs-core:CurrentFinancialInstruments 2023-09-30 05556453 frs-core:Non-currentFinancialInstruments 2023-09-30 05556453 frs-core:ShareCapital 2023-09-30 05556453 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05556453 frs-core:CurrentFinancialInstruments 9 2023-09-30
Registered number: 05556453
Rma Insulation Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05556453
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 47,323
- 47,323
CURRENT ASSETS
Debtors 5 244,362 586,279
Cash at bank and in hand 792,066 594,849
1,036,428 1,181,128
Creditors: Amounts Falling Due Within One Year 6 (12,506 ) (124,409 )
NET CURRENT ASSETS (LIABILITIES) 1,023,922 1,056,719
TOTAL ASSETS LESS CURRENT LIABILITIES 1,023,922 1,104,042
Creditors: Amounts Falling Due After More Than One Year 7 - (1,256 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (11,831 )
NET ASSETS 1,023,922 1,090,955
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,023,822 1,090,855
SHAREHOLDERS' FUNDS 1,023,922 1,090,955
Page 1
Page 2
For the year ending 30 September 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
Robert Ayres
Director
4 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rma Insulation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05556453 . The registered office is The Stables, Tile Lodge Road, CHaring Heath. Ashford, Kent, TN27 0AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 15% Straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.5. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Page 3
Page 4
2.8. Leased Assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
3. Average Number of Employees
Average number of employees during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 65,897 18,227 84,124
Disposals (65,897 ) (18,227 ) (84,124 )
Depreciation
As at 1 October 2023 35,711 1,090 36,801
Provided during the period 12,081 3,342 15,423
Disposals (47,792 ) (4,432 ) (52,224 )
As at 30 September 2024 - - -
Net Book Value
As at 30 September 2024 - - -
As at 1 October 2023 30,186 17,137 47,323
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,939 128,209
Other debtors 38,049 12,505
Vat debtor - 38,314
Net wages - 36
Amounts owed by associates 172,374 407,215
244,362 586,279
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 58,201
Bank loans and overdrafts - 4,880
Corporation tax 12,058 49,489
Other taxes and social security 448 1,610
Accruals and deferred income - 9,500
Directors' loan accounts - 729
12,506 124,409
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 1,256
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5