Acorah Software Products - Accounts Production 14.6.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08231208 Mr Richard Parsons Mrs De-Ann Parsons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08231208 2023-05-31 08231208 2024-05-31 08231208 2023-06-01 2024-05-31 08231208 frs-core:CurrentFinancialInstruments 2024-05-31 08231208 frs-core:Non-currentFinancialInstruments 2024-05-31 08231208 frs-core:ComputerEquipment 2024-05-31 08231208 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08231208 frs-core:ComputerEquipment 2023-05-31 08231208 frs-core:FurnitureFittings 2024-05-31 08231208 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08231208 frs-core:FurnitureFittings 2023-05-31 08231208 frs-core:MotorVehicles 2024-05-31 08231208 frs-core:MotorVehicles 2023-06-01 2024-05-31 08231208 frs-core:MotorVehicles 2023-05-31 08231208 frs-core:PlantMachinery 2024-05-31 08231208 frs-core:PlantMachinery 2023-06-01 2024-05-31 08231208 frs-core:PlantMachinery 2023-05-31 08231208 frs-core:ShareCapital 2024-05-31 08231208 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08231208 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08231208 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08231208 frs-bus:SmallEntities 2023-06-01 2024-05-31 08231208 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08231208 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08231208 frs-core:ListedExchangeTraded 2024-05-31 08231208 frs-core:ListedExchangeTraded 2023-05-31 08231208 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-05-31 08231208 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-05-31 08231208 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-05-31 08231208 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-05-31 08231208 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-05-31 08231208 frs-bus:Director1 2023-06-01 2024-05-31 08231208 frs-bus:Director2 2023-06-01 2024-05-31 08231208 frs-core:Non-currentFinancialInstruments 1 2024-05-31 08231208 frs-countries:EnglandWales 2023-06-01 2024-05-31 08231208 2022-05-31 08231208 2023-05-31 08231208 2022-06-01 2023-05-31 08231208 frs-core:CurrentFinancialInstruments 2023-05-31 08231208 frs-core:Non-currentFinancialInstruments 2023-05-31 08231208 frs-core:ShareCapital 2023-05-31 08231208 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 08231208 frs-core:Non-currentFinancialInstruments 1 2023-05-31
Registered number: 08231208
RND Management Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Total Accounting Kent Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08231208
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,219 85,323
Investments 5 65,050 52,800
126,269 138,123
CURRENT ASSETS
Debtors 6 2,281,954 1,530,777
Cash at bank and in hand 67,111 34,366
2,349,065 1,565,143
Creditors: Amounts Falling Due Within One Year 7 (698,910 ) (644,184 )
NET CURRENT ASSETS (LIABILITIES) 1,650,155 920,959
TOTAL ASSETS LESS CURRENT LIABILITIES 1,776,424 1,059,082
Creditors: Amounts Falling Due After More Than One Year 8 (1,230,831 ) (527,268 )
NET ASSETS 545,593 531,814
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 545,591 531,812
SHAREHOLDERS' FUNDS 545,593 531,814
Page 1
Page 2
For the year ending 31 May 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 Richard Parsons
Director
31/10/2024
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
RND Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08231208 . The registered office is The Coach House, Kenward Road, Yalding, Kent, ME18 6AH.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.4. 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 as follows: 2 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 18,341 117,483 30,837 10,319 176,980
Additions - - 1,123 1,069 2,192
As at 31 May 2024 18,341 117,483 31,960 11,388 179,172
Depreciation
As at 1 June 2023 17,045 51,066 15,016 8,530 91,657
Provided during the period 324 13,283 10,547 2,142 26,296
As at 31 May 2024 17,369 64,349 25,563 10,672 117,953
Net Book Value
As at 31 May 2024 972 53,134 6,397 716 61,219
As at 1 June 2023 1,296 66,417 15,821 1,789 85,323
5. Investments
Listed
£
Cost
As at 1 June 2023 52,800
Additions 12,250
As at 31 May 2024 65,050
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 65,050
As at 1 June 2023 52,800
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors (2,077 ) (40,405 )
Prepayments and accrued income 101,103 1,103
Other debtors 2,180,609 1,562,124
Directors' loan accounts 2,319 7,955
2,281,954 1,530,777
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 168,401 454,490
Corporation tax 81,556 60,196
Other taxes and social security 2,133 2,000
VAT 40,073 25,998
Other creditors 406,047 100,800
Accruals and deferred income 700 700
698,910 644,184
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,307 42,454
Other creditors (1) 1,193,524 484,814
1,230,831 527,268
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5