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 10405823 Mr R J van Eyken Mrs L Y van Eyken Mr W C Bolter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10405823 2023-03-31 10405823 2024-03-31 10405823 2023-04-01 2024-03-31 10405823 frs-core:CurrentFinancialInstruments 2024-03-31 10405823 frs-core:Non-currentFinancialInstruments 2024-03-31 10405823 frs-core:BetweenOneFiveYears 2024-03-31 10405823 frs-core:ComputerEquipment 2024-03-31 10405823 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10405823 frs-core:ComputerEquipment 2023-03-31 10405823 frs-core:PlantMachinery 2024-03-31 10405823 frs-core:PlantMachinery 2023-04-01 2024-03-31 10405823 frs-core:PlantMachinery 2023-03-31 10405823 frs-core:WithinOneYear 2024-03-31 10405823 frs-core:ShareCapital 2024-03-31 10405823 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10405823 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10405823 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10405823 frs-bus:SmallEntities 2023-04-01 2024-03-31 10405823 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10405823 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10405823 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 10405823 frs-bus:OrdinaryShareClass2 2024-03-31 10405823 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 10405823 frs-bus:OrdinaryShareClass3 2024-03-31 10405823 frs-core:UnlistedNon-exchangeTraded 2024-03-31 10405823 frs-core:UnlistedNon-exchangeTraded 2023-03-31 10405823 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 10405823 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 10405823 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 10405823 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10405823 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10405823 frs-bus:Director1 2023-04-01 2024-03-31 10405823 frs-bus:Director2 2023-04-01 2024-03-31 10405823 frs-bus:Director3 2023-04-01 2024-03-31 10405823 frs-countries:EnglandWales 2023-04-01 2024-03-31 10405823 2022-03-31 10405823 2023-03-31 10405823 2022-04-01 2023-03-31 10405823 frs-core:CurrentFinancialInstruments 2023-03-31 10405823 frs-core:Non-currentFinancialInstruments 2023-03-31 10405823 frs-core:BetweenOneFiveYears 2023-03-31 10405823 frs-core:WithinOneYear 2023-03-31 10405823 frs-core:ShareCapital 2023-03-31 10405823 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10405823 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 10405823 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31
Revel Accountants Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10405823
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,164 7,657
Investments 5 60,000 78,000
71,164 85,657
CURRENT ASSETS
Stocks 6 6,000 -
Debtors 7 116,481 80,943
Cash at bank and in hand 27,415 30,815
149,896 111,758
Creditors: Amounts Falling Due Within One Year 8 (152,371 ) (114,791 )
NET CURRENT ASSETS (LIABILITIES) (2,475 ) (3,033 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,689 82,624
Creditors: Amounts Falling Due After More Than One Year 9 (64,697 ) (79,459 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,791 ) (1,914 )
NET ASSETS 1,201 1,251
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,101 1,151
SHAREHOLDERS' FUNDS 1,201 1,251
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 R J van Eyken
Director
31 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
Revel Accountants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10405823 . The registered office is Mill House, Liphook Road, Haslemere, Surrey, GU27 3QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 time costs incurred for work performed to date to the total estimated contract time 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 straight line over 5 years
Computer Equipment straight line over 3-5 years
2.4. 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.
2.5. 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 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.
2.6. Investments
Investments are held at fair value and not depreciated. The value of the investments is considered periodically through review of open market estimate and in relation to internal yield on both historical and projected basis. Any adjustments to fair value are made through the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the period was 10 (2023: 7)
10 7
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,210 24,479 26,689
Additions 8,123 2,136 10,259
Disposals (141 ) - (141 )
As at 31 March 2024 10,192 26,615 36,807
Depreciation
As at 1 April 2023 799 18,233 19,032
Provided during the period 1,352 5,400 6,752
Disposals (141 ) - (141 )
As at 31 March 2024 2,010 23,633 25,643
Net Book Value
As at 31 March 2024 8,182 2,982 11,164
As at 1 April 2023 1,411 6,246 7,657
5. Investments
Unlisted
£
Cost
As at 1 April 2023 100,850
As at 31 March 2024 100,850
Provision
As at 1 April 2023 22,850
Added in period 18,000
As at 31 March 2024 40,850
Net Book Value
As at 31 March 2024 60,000
As at 1 April 2023 78,000
Investment values were reviewed for impairment at 31 March 2024 by the directors on a market value basis.
6. Stocks
2024 2023
£ £
Work in progress 6,000 -
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,294 54,122
Amounts owed by group undertakings 10,106 7,399
Other debtors 43,081 19,422
116,481 80,943
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,387 4,454
Bank loans and overdrafts 4,778 4,800
Other creditors 68,948 42,850
Taxation and social security 72,258 62,687
152,371 114,791
Included within Other creditors above are unsecured loans from the director(s) of £16,974 (2023 - £9,115 ). These loans are repayable on demand, and interest is charged at a rate of up to 20% per annum, at the discretion of the director(s). 
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,697 29,459
Other creditors 40,000 50,000
64,697 79,459
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
67 Ordinary A shares of £ 1 each 67 67
33 Ordinary B shares of £ 1 each 33 33
100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 2,909 6,449
Later than one year and not later than five years 970 3,879
3,879 10,328
Page 5