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 03815653 Mr Kelvin Carr Mr Ivan Kingsley Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03815653 2023-03-31 03815653 2024-03-31 03815653 2023-04-01 2024-03-31 03815653 frs-core:CurrentFinancialInstruments 2024-03-31 03815653 frs-core:Non-currentFinancialInstruments 2024-03-31 03815653 frs-core:ComputerEquipment 2024-03-31 03815653 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03815653 frs-core:ComputerEquipment 2023-03-31 03815653 frs-core:FurnitureFittings 2024-03-31 03815653 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03815653 frs-core:FurnitureFittings 2023-03-31 03815653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03815653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03815653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03815653 frs-core:MotorVehicles 2024-03-31 03815653 frs-core:MotorVehicles 2023-04-01 2024-03-31 03815653 frs-core:MotorVehicles 2023-03-31 03815653 frs-core:PlantMachinery 2024-03-31 03815653 frs-core:PlantMachinery 2023-04-01 2024-03-31 03815653 frs-core:PlantMachinery 2023-03-31 03815653 frs-core:SharePremium 2024-03-31 03815653 frs-core:ShareCapital 2024-03-31 03815653 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03815653 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03815653 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03815653 frs-bus:SmallEntities 2023-04-01 2024-03-31 03815653 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03815653 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03815653 frs-core:ListedExchangeTraded 2024-03-31 03815653 frs-core:ListedExchangeTraded 2023-03-31 03815653 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 03815653 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 03815653 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 03815653 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 03815653 frs-bus:Director1 2023-04-01 2024-03-31 03815653 frs-bus:Director2 2023-04-01 2024-03-31 03815653 frs-countries:EnglandWales 2023-04-01 2024-03-31 03815653 2022-03-31 03815653 2023-03-31 03815653 2022-04-01 2023-03-31 03815653 frs-core:CurrentFinancialInstruments 2023-03-31 03815653 frs-core:Non-currentFinancialInstruments 2023-03-31 03815653 frs-core:SharePremium 2023-03-31 03815653 frs-core:ShareCapital 2023-03-31 03815653 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03815653
Rochester Airport Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03815653
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 186,188 186,526
Investments 5 2 2
186,190 186,528
CURRENT ASSETS
Stocks 6 52,038 35,814
Debtors 7 106,746 80,201
Cash at bank and in hand 3,499 20,324
162,283 136,339
Creditors: Amounts Falling Due Within One Year 8 (346,458 ) (326,273 )
NET CURRENT ASSETS (LIABILITIES) (184,175 ) (189,934 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,015 (3,406 )
Creditors: Amounts Falling Due After More Than One Year 9 (58,048 ) (38,268 )
NET LIABILITIES (56,033 ) (41,674 )
CAPITAL AND RESERVES
Called up share capital 10 336,550 336,550
Share premium account 10,000 10,000
Profit and Loss Account (402,583 ) (388,224 )
SHAREHOLDERS' FUNDS (56,033) (41,674)
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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 Kelvin Carr
Director
18th October 2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rochester Airport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03815653 . The registered office is Rochester Airport, Maidstone Road, Rochester, Kent, ME5 9SD.
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.
The accounts have been prepared on a going concern basis.  This basis may not be appropriate because the
company has, at 31 March 2024, net liabilities of £66,187 (2023 £41,675).  The validity of the going concern basis is dependent upon the continued support of the directors.
2.2. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and
the revenue can be reliably measured.  Revenue is measured at the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sale taxes.  The following criteria must also be met before revenue is recognised.
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
-the company has transferred the significant risks and rewards of ownership to the buyer;
-the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
-the amount of revenue can be measured reliably;
-it is probable that the company will receive the consideration due under the transaction;and
-the costs incurred or to be incurred in respect of the transaction can be measured reliably;
Rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. 
-the amount of revenue can be measured relaibly;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
-the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Freehold Straight line over 25 years
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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2.5. 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.
2.6. Pensions
The company operates a defined pension contribution scheme. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity.  Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the statement of comprehensive income when they fall due.
Amounts not paid are shown in accruals as a liability in the balance sheet.  The assets of the plan are held separately from the company in independently administered funds.
2.7. Consignment stocks
Fuel consignment stock and the corresponding creditor are recognised on the balance sheet as the fuel is in substance an asset of the company.  This is based on the company's assessment that it bears the risk and rewards of ownership, and in particular is liable for any loss or leakage.
Stocks are valued at the lower of cost and net realieable value after making due allowance for obsolete and slow-moving stocks.  Cost includes all direct costs.
2.8. Debtors and creditors
Debtors
Short term debtors  are measured at transaction price, less any impairment.  Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term creditors are measured at the transaction price.  Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.  Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with significant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 189,596 38,676 13,095 18,506
As at 31 March 2024 189,596 38,676 13,095 18,506
Depreciation
As at 1 April 2023 3,070 38,676 13,095 18,506
Provided during the period 338 - - -
As at 31 March 2024 3,408 38,676 13,095 18,506
Net Book Value
As at 31 March 2024 186,188 - - -
As at 1 April 2023 186,526 - - -
Computer Equipment Total
£ £
Cost
As at 1 April 2023 17,578 277,451
As at 31 March 2024 17,578 277,451
Depreciation
As at 1 April 2023 17,578 90,925
Provided during the period - 338
As at 31 March 2024 17,578 91,263
Net Book Value
As at 31 March 2024 - 186,188
As at 1 April 2023 - 186,526
Cost or valuation as at 31 March 2024 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
At cost 189,596 38,676 13,095 18,506
189,596 38,676 13,095 18,506
Computer Equipment Total
£ £
At cost 17,578 277,451
17,578 277,451
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5. Investments
Listed
£
Cost
As at 1 April 2023 2
As at 31 March 2024 2
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2
As at 1 April 2023 2
6. Stocks
2024 2023
£ £
Stock 52,038 35,814
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 73,076 63,742
Other debtors 33,670 16,459
106,746 80,201
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 217,243 211,005
Bank loans and overdrafts 12,720 9,937
Other creditors 110,811 104,850
Taxation and social security 5,684 481
346,458 326,273
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 58,048 38,268
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 336,550 336,550
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11. Secured Debts
HSBC Bank Plc hold a fixed and floating charge over all assets of the company.
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