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 07897121 Mr R D Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07897121 2023-01-31 07897121 2024-01-31 07897121 2023-02-01 2024-01-31 07897121 frs-core:CurrentFinancialInstruments 2024-01-31 07897121 frs-core:ComputerEquipment 2024-01-31 07897121 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07897121 frs-core:ComputerEquipment 2023-01-31 07897121 frs-core:FurnitureFittings 2024-01-31 07897121 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07897121 frs-core:FurnitureFittings 2023-01-31 07897121 frs-core:NetGoodwill 2024-01-31 07897121 frs-core:NetGoodwill 2023-02-01 2024-01-31 07897121 frs-core:NetGoodwill 2023-01-31 07897121 frs-core:MotorVehicles 2024-01-31 07897121 frs-core:MotorVehicles 2023-02-01 2024-01-31 07897121 frs-core:MotorVehicles 2023-01-31 07897121 frs-core:PlantMachinery 2024-01-31 07897121 frs-core:PlantMachinery 2023-02-01 2024-01-31 07897121 frs-core:PlantMachinery 2023-01-31 07897121 frs-core:ShareCapital 2024-01-31 07897121 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07897121 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07897121 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07897121 frs-bus:SmallEntities 2023-02-01 2024-01-31 07897121 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07897121 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07897121 frs-bus:Director1 2023-02-01 2024-01-31 07897121 frs-countries:EnglandWales 2023-02-01 2024-01-31 07897121 2022-01-31 07897121 2023-01-31 07897121 2022-02-01 2023-01-31 07897121 frs-core:CurrentFinancialInstruments 2023-01-31 07897121 frs-core:ShareCapital 2023-01-31 07897121 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07897121
RDS Refrigeration Ltd
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07897121
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 187
Tangible Assets 5 2,375 2,831
2,375 3,018
CURRENT ASSETS
Stocks 6 3,580 3,094
Debtors 7 34,579 13,085
Cash at bank and in hand 13,918 21,799
52,077 37,978
Creditors: Amounts Falling Due Within One Year 8 (17,257 ) (10,966 )
NET CURRENT ASSETS (LIABILITIES) 34,820 27,012
TOTAL ASSETS LESS CURRENT LIABILITIES 37,195 30,030
PROVISIONS FOR LIABILITIES
Deferred Taxation (451 ) (481 )
NET ASSETS 36,744 29,549
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 36,742 29,547
SHAREHOLDERS' FUNDS 36,744 29,549
Page 1
Page 2
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 R D Smith
Director
12 September 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
RDS Refrigeration Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07897121 . The registered office is 1 Wynndale Drive, Sherwood, Nottingham, NG5 1GY.
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. 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 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% Straight Line
Fixtures & Fittings 10% Reducing Balance
Computer Equipment 33% Straight Line
2.5. 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.
2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 10,000
As at 31 January 2024 10,000
Amortisation
As at 1 February 2023 9,813
Provided during the period 187
As at 31 January 2024 10,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 187
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 2,225 20,769 4,583 1,680 29,257
As at 31 January 2024 2,225 20,769 4,583 1,680 29,257
Depreciation
As at 1 February 2023 1,886 20,768 2,392 1,380 26,426
Provided during the period 85 1 219 151 456
As at 31 January 2024 1,971 20,769 2,611 1,531 26,882
Net Book Value
As at 31 January 2024 254 - 1,972 149 2,375
As at 1 February 2023 339 1 2,191 300 2,831
6. Stocks
2024 2023
£ £
Stock 3,580 3,094
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,283 12,817
Prepayments and accrued income 296 268
34,579 13,085
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,075 420
Corporation tax 5,840 6,508
VAT 1,592 2,843
Other creditors 732 217
Accruals and deferred income 900 900
Director's loan account 118 78
17,257 10,966
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
At the balance sheet date, the company owed the Director £118 (2023: £78). The amount is unsecured, interest-free, with no fixed repayment date.
Page 5