Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11983118 S Connor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11983118 2023-03-31 11983118 2024-03-31 11983118 2023-04-01 2024-03-31 11983118 frs-core:CurrentFinancialInstruments 2024-03-31 11983118 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11983118 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11983118 frs-core:PlantMachinery 2024-03-31 11983118 frs-core:PlantMachinery 2023-04-01 2024-03-31 11983118 frs-core:PlantMachinery 2023-03-31 11983118 frs-core:SharePremium 2024-03-31 11983118 frs-core:ShareCapital 2024-03-31 11983118 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11983118 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11983118 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11983118 frs-bus:SmallEntities 2023-04-01 2024-03-31 11983118 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11983118 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11983118 frs-bus:Director1 2023-04-01 2024-03-31 11983118 frs-countries:EnglandWales 2023-04-01 2024-03-31 11983118 2022-03-31 11983118 2023-03-31 11983118 2022-04-01 2023-03-31 11983118 frs-core:CurrentFinancialInstruments 2023-03-31 11983118 frs-core:SharePremium 2023-03-31 11983118 frs-core:ShareCapital 2023-03-31 11983118 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11983118
Rosart Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
LK & Associates Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Rosart Holdings Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Rosart Holdings Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Rosart Holdings Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Rosart Holdings Limited and state those matters that we have agreed to state to the director of Rosart Holdings Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rosart Holdings Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Rosart Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rosart Holdings Limited . You consider that Rosart Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Rosart Holdings Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
LK & Associates Limited
29/10/2024
LK & Associates Limited
ICAEW Chartered Accountants
2a High Street
Thames Ditton
KT7 0RY
Page 1
Page 2
Balance Sheet
Registered number: 11983118
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,904 2,661
1,904 2,661
CURRENT ASSETS
Debtors 5 9,093 9,091
Cash at bank and in hand 171,427 180,703
180,520 189,794
Creditors: Amounts Falling Due Within One Year 6 (111,079 ) (81,290 )
NET CURRENT ASSETS (LIABILITIES) 69,441 108,504
TOTAL ASSETS LESS CURRENT LIABILITIES 71,345 111,165
PROVISIONS FOR LIABILITIES
Deferred Taxation (362 ) (506 )
NET ASSETS 70,983 110,659
CAPITAL AND RESERVES
Called up share capital 7 4,214 4,214
Share premium account 8,111 8,111
Profit and Loss Account 58,658 98,334
SHAREHOLDERS' FUNDS 70,983 110,659
Page 2
Page 3
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 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
S Connor
Director
29/10/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Rosart Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11983118 . The registered office is 2A High Street, Thames Ditton, Surrey, KT7 0RY.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 33.33%
Computer Equipment 33.33%
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 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.
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 assets reflect 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: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 6,539
Additions 498
As at 31 March 2024 7,037
Depreciation
As at 1 April 2023 3,878
Provided during the period 1,255
As at 31 March 2024 5,133
Net Book Value
As at 31 March 2024 1,904
As at 1 April 2023 2,661
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 9,093 9,091
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,386 2,231
Other creditors 163 542
Taxation and social security 107,530 78,517
111,079 81,290
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,214 4,214
Page 5