Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08347460 Mr John Ratcliffe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08347460 2023-01-31 08347460 2024-01-31 08347460 2023-02-01 2024-01-31 08347460 frs-core:CurrentFinancialInstruments 2024-01-31 08347460 frs-core:Non-currentFinancialInstruments 2024-01-31 08347460 frs-core:BetweenOneFiveYears 2024-01-31 08347460 frs-core:ComputerEquipment 2024-01-31 08347460 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08347460 frs-core:ComputerEquipment 2023-01-31 08347460 frs-core:FurnitureFittings 2024-01-31 08347460 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08347460 frs-core:FurnitureFittings 2023-01-31 08347460 frs-core:MotorVehicles 2024-01-31 08347460 frs-core:MotorVehicles 2023-02-01 2024-01-31 08347460 frs-core:MotorVehicles 2023-01-31 08347460 frs-core:PlantMachinery 2024-01-31 08347460 frs-core:PlantMachinery 2023-02-01 2024-01-31 08347460 frs-core:PlantMachinery 2023-01-31 08347460 frs-core:WithinOneYear 2024-01-31 08347460 frs-core:ShareCapital 2024-01-31 08347460 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08347460 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08347460 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08347460 frs-bus:SmallEntities 2023-02-01 2024-01-31 08347460 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08347460 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08347460 frs-bus:Director1 2023-02-01 2024-01-31 08347460 frs-countries:EnglandWales 2023-02-01 2024-01-31 08347460 2022-01-31 08347460 2023-01-31 08347460 2022-02-01 2023-01-31 08347460 frs-core:CurrentFinancialInstruments 2023-01-31 08347460 frs-core:Non-currentFinancialInstruments 2023-01-31 08347460 frs-core:BetweenOneFiveYears 2023-01-31 08347460 frs-core:WithinOneYear 2023-01-31 08347460 frs-core:ShareCapital 2023-01-31 08347460 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08347460
Rock Roofing Products Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Tax Plus Ltd
Balance Sheet
Registered number: 08347460
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,953 28,344
104,953 28,344
CURRENT ASSETS
Stocks 5 49,000 44,000
Debtors 6 90,710 83,167
Cash at bank and in hand 394 3,496
140,104 130,663
Creditors: Amounts Falling Due Within One Year 7 (134,409 ) (117,522 )
NET CURRENT ASSETS (LIABILITIES) 5,695 13,141
TOTAL ASSETS LESS CURRENT LIABILITIES 110,648 41,485
Creditors: Amounts Falling Due After More Than One Year 8 (174,935 ) (93,206 )
NET LIABILITIES (64,287 ) (51,721 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (64,288 ) (51,722 )
SHAREHOLDERS' FUNDS (64,287) (51,721)
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For the year ending 31 January 2024 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 John Ratcliffe
Director
31/01/2024
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
Rock Roofing Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08347460 . The registered office is 74 New Heys Way, Bolton, BL2 4AQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Plant & Machinery 25% 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.
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2.7. 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 year 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 asset reflects 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:
2024 2023
Office and administration 18 16
18 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 84,511 - - 167 84,678
Additions 11,178 35,450 39,649 2,217 88,494
As at 31 January 2024 95,689 35,450 39,649 2,384 173,172
Depreciation
As at 1 February 2023 56,167 - - 167 56,334
Provided during the period 7,805 739 3,229 112 11,885
As at 31 January 2024 63,972 739 3,229 279 68,219
Net Book Value
As at 31 January 2024 31,717 34,711 36,420 2,105 104,953
As at 1 February 2023 28,344 - - - 28,344
5. Stocks
2024 2023
£ £
Finished goods 49,000 44,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,210 71,382
Prepayments and accrued income 3,500 3,250
Corporation tax recoverable assets - 8,535
90,710 83,167
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,747 5,112
Trade creditors 31,119 46,880
Bank loans and overdrafts 25,468 21,067
Other taxes and social security 34,162 19,213
VAT 24,593 25,011
Director's loan account 3,320 239
134,409 117,522
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,511 13,808
Bank loans 95,203 26,456
Other creditors 46,221 52,942
174,935 93,206
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,747 5,112
Later than one year and not later than five years 33,511 13,808
49,258 18,920
49,258 18,920
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Charges
Included within the accounts is a fixed and floating charge which covers all the property or undertaking of the company.
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