Acorah Software Products - Accounts Production 16.0.110 false true true false 2 August 2022 31 August 2023 31 August 2023 14269785 Mr David Roddy Ms Karen Roddy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14269785 2022-08-01 14269785 2023-08-31 14269785 2022-08-02 2023-08-31 14269785 frs-core:CurrentFinancialInstruments 2023-08-31 14269785 frs-core:ShareCapital 2023-08-31 14269785 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 14269785 frs-bus:PrivateLimitedCompanyLtd 2022-08-02 2023-08-31 14269785 frs-bus:FilletedAccounts 2022-08-02 2023-08-31 14269785 frs-bus:SmallEntities 2022-08-02 2023-08-31 14269785 frs-bus:AuditExempt-NoAccountantsReport 2022-08-02 2023-08-31 14269785 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-02 2023-08-31 14269785 frs-bus:OrdinaryShareClass1 2022-08-02 2023-08-31 14269785 frs-bus:OrdinaryShareClass1 2023-08-31 14269785 frs-bus:Director1 2022-08-02 2023-08-31 14269785 frs-bus:Director1 2022-08-01 14269785 frs-bus:Director1 2023-08-31 14269785 frs-bus:CompanySecretary1 2022-08-02 2023-08-31 14269785 frs-countries:EnglandWales 2022-08-02 2023-08-31
Registered number: 14269785
Roddy Limited
Unaudited Financial Statements
For the Period 2 August 2022 to 31 August 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14269785
31 August 2023
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 2,837
2,837
Creditors: Amounts falling due within one year 4 (1,690 )
NET CURRENT ASSETS (LIABILITIES) 1,147
TOTAL ASSETS LESS CURRENT LIABILITIES 1,147
NET ASSETS 1,147
CAPITAL AND RESERVES
Called up share capital 5 1
Income Statement 1,146
SHAREHOLDERS' FUNDS 1,147
For the period ending 31 August 2023 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 Income Statement.
The financial statements were approved by the board of directors on 29 October 2024 and were signed on its behalf by:
Mr David Roddy
Director
29 October 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Roddy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14269785 . The registered office is 1 Sunny Bank, East Street, Stamford, PE9 1QG.
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. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for products and services provided in the normal course of business, net of discounts, value added taxes and other sales taxes.
Rendering of services
Turnover from the provision of IT consultancy services is recognised in the period in which the services are provided.
2.4. Financial Instruments
Basic financial instruments
Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.
Basic financial instruments not constituting financing transactions are initially recognised at transaction price. For arrangements constituting financing transactions, different recognition criteria apply:
  • Loans to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price.
  • All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.
Subsequent to initial recognition:
  • Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.
  • Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Presentation Currency
 The accounts are presented in £ sterling.
Page 2
Page 3
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, director's report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including directors and other officers, during the period was: 2
2
4. Creditors: Amounts falling due within one year
31 August 2023
£
Corporation tax 772
Accruals and deferred income 200
Director's loan account 718
1,690
5. Share Capital
31 August 2023
Allotted, called up and fully paid £
1 Ordinary shares of £ 1.00 each 1
6. Directors Advances, Credits and Guarantees
Loans to directors
During the period, the company provided the following loans to directors:
As at 2 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr David Roddy - 620 620 - -
The above loans are interest-free, unsecured and repayable on demand.
7. Dividends
31 August 2023
£
On equity shares:
Interim dividend paid 1,000
8. Related Party Transactions
During the period, the company entered into the following transactions with related parties:
Owners holding a participating interest
At the reporting date, the company had an outstanding loan balance due to Mr D Roddy, the sole director and shareholder, of £718. The maximum balance outstanding during the period was £718.
This amount is interest-free, unsecured and repayable on demand.
During the period, the company provided loans to Mr D Roddy totalling £620. The balance at the reporting date was £0. The maximum balance outstanding during the period was £620.
These amounts were interest-free, unsecured and repayable on demand.
Page 3