Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 4690684 Mr Alexander Ruthven Mrs Claire Ruthven true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4690684 2023-01-31 4690684 2024-01-31 4690684 2023-02-01 2024-01-31 4690684 frs-core:CurrentFinancialInstruments 2024-01-31 4690684 frs-core:Non-currentFinancialInstruments 2024-01-31 4690684 frs-core:NetGoodwill 2024-01-31 4690684 frs-core:NetGoodwill 2023-02-01 2024-01-31 4690684 frs-core:NetGoodwill 2023-01-31 4690684 frs-core:PlantMachinery 2024-01-31 4690684 frs-core:PlantMachinery 2023-02-01 2024-01-31 4690684 frs-core:PlantMachinery 2023-01-31 4690684 frs-core:ShareCapital 2024-01-31 4690684 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 4690684 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 4690684 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 4690684 frs-bus:SmallEntities 2023-02-01 2024-01-31 4690684 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 4690684 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 4690684 1 2023-02-01 2024-01-31 4690684 frs-core:ListedExchangeTraded 2024-01-31 4690684 frs-core:ListedExchangeTraded 2023-01-31 4690684 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-01-31 4690684 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-01-31 4690684 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-01-31 4690684 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-01-31 4690684 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-01-31 4690684 frs-bus:Director1 2023-02-01 2024-01-31 4690684 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 4690684 frs-countries:EnglandWales 2023-02-01 2024-01-31 4690684 2022-01-31 4690684 2023-01-31 4690684 2022-02-01 2023-01-31 4690684 frs-core:CurrentFinancialInstruments 2023-01-31 4690684 frs-core:Non-currentFinancialInstruments 2023-01-31 4690684 frs-core:ShareCapital 2023-01-31 4690684 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 4690684
AM Ruthven & Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Sterling Accountancy Services Ltd
AAT
16 Fullands ROAD
Taunton
Somerset
TA1 3DD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4690684
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,000 50,000
Tangible Assets 5 159 340
Investments 6 10,102 13,001
60,261 63,341
CURRENT ASSETS
Debtors 7 2,240 6,722
Cash at bank and in hand 41 5,673
2,281 12,395
Creditors: Amounts Falling Due Within One Year 8 (9,430 ) (17,069 )
NET CURRENT ASSETS (LIABILITIES) (7,149 ) (4,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,112 58,667
Creditors: Amounts Falling Due After More Than One Year 9 (33,487 ) (18,343 )
NET ASSETS 19,625 40,324
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 19,525 40,224
SHAREHOLDERS' FUNDS 19,625 40,324
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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 Alexander Ruthven
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AM Ruthven & Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 4690684 . The registered office is 11A Paul Street, Taunton, Somerset, TA1 3PF.
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 Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 18%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 1 1
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 50,000
As at 31 January 2024 50,000
Net Book Value
As at 31 January 2024 50,000
As at 1 February 2023 50,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 1,723
As at 31 January 2024 1,723
Depreciation
As at 1 February 2023 1,383
Provided during the period 181
As at 31 January 2024 1,564
Net Book Value
As at 31 January 2024 159
As at 1 February 2023 340
6. Investments
Listed
£
Cost
As at 1 February 2023 13,001
Disposals (2,899 )
As at 31 January 2024 10,102
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 10,102
As at 1 February 2023 13,001
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 494 8,894
Prepayments and accrued income (2,695 ) (1,963 )
Director's loan account - 4,291
(2,201 ) 11,222
Due after more than one year
Other debtors 4,441 (4,500 )
2,240 6,722
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,428 4,618
Bank loans and overdrafts 1,065 1,440
Corporation tax 3,937 11,011
9,430 17,069
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,487 18,343
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
12. Ultimate Controlling Party
The company's ultimate controlling party is Alec Ruthven by virtue of his ownership of 100% of the issued share capital in the company.
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