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 06544260 Mrs Janet Radley Mr Nicholas Radley Mr Mark Radley Mrs Janet Radley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06544260 2023-03-31 06544260 2024-03-31 06544260 2023-04-01 2024-03-31 06544260 frs-core:CurrentFinancialInstruments 2024-03-31 06544260 frs-core:Non-currentFinancialInstruments 2024-03-31 06544260 frs-core:ComputerEquipment 2024-03-31 06544260 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06544260 frs-core:ComputerEquipment 2023-03-31 06544260 frs-core:NetGoodwill 2024-03-31 06544260 frs-core:NetGoodwill 2023-04-01 2024-03-31 06544260 frs-core:NetGoodwill 2023-03-31 06544260 frs-core:MotorVehicles 2024-03-31 06544260 frs-core:MotorVehicles 2023-04-01 2024-03-31 06544260 frs-core:MotorVehicles 2023-03-31 06544260 frs-core:PlantMachinery 2024-03-31 06544260 frs-core:PlantMachinery 2023-04-01 2024-03-31 06544260 frs-core:PlantMachinery 2023-03-31 06544260 frs-core:ShareCapital 2024-03-31 06544260 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06544260 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06544260 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06544260 frs-bus:SmallEntities 2023-04-01 2024-03-31 06544260 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06544260 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06544260 frs-core:CostValuation 2023-03-31 06544260 frs-core:AdditionsToInvestments 2024-03-31 06544260 frs-core:CostValuation 2024-03-31 06544260 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 06544260 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 06544260 frs-bus:Director1 2023-04-01 2024-03-31 06544260 frs-bus:Director1 2023-03-31 06544260 frs-bus:Director1 2024-03-31 06544260 frs-bus:Director2 2023-04-01 2024-03-31 06544260 frs-bus:Director3 2023-04-01 2024-03-31 06544260 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06544260 frs-countries:EnglandWales 2023-04-01 2024-03-31 06544260 2022-03-31 06544260 2023-03-31 06544260 2022-04-01 2023-03-31 06544260 frs-core:CurrentFinancialInstruments 2023-03-31 06544260 frs-core:Non-currentFinancialInstruments 2023-03-31 06544260 frs-core:ShareCapital 2023-03-31 06544260 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06544260
Radley & Son Building Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06544260
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 55,469 27,832
Investments 6 100 -
55,569 27,832
CURRENT ASSETS
Stocks 7 111,106 307,732
Debtors 8 1,158,838 1,147,657
Cash at bank and in hand 113,166 222,367
1,383,110 1,677,756
Creditors: Amounts Falling Due Within One Year 9 (207,949 ) (224,878 )
NET CURRENT ASSETS (LIABILITIES) 1,175,161 1,452,878
TOTAL ASSETS LESS CURRENT LIABILITIES 1,230,730 1,480,710
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,539 ) (5,114 )
NET ASSETS 1,220,191 1,475,596
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,220,091 1,475,496
SHAREHOLDERS' FUNDS 1,220,191 1,475,596
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 Nicholas Radley
Director
Mr Mark Radley
Director
28/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Radley & Son Building Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06544260 . The registered office is The Counting House, 9 High Street, Tring, Herts, HP23 5TE.
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% reducing balance
Computer Equipment 25% reducing balance
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. 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Amortisation
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 102,897 87,656 984 191,537
Additions 2,354 38,987 999 42,340
Disposals - (25,497 ) - (25,497 )
As at 31 March 2024 105,251 101,146 1,983 208,380
Depreciation
As at 1 April 2023 87,541 75,562 602 163,705
Provided during the period 4,116 7,897 138 12,151
Disposals - (22,945 ) - (22,945 )
As at 31 March 2024 91,657 60,514 740 152,911
Net Book Value
As at 31 March 2024 13,594 40,632 1,243 55,469
As at 1 April 2023 15,356 12,094 382 27,832
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost
As at 1 April 2023 -
Additions 100
As at 31 March 2024 100
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 100
As at 1 April 2023 -
7. Stocks
2024 2023
£ £
Stock 111,106 307,732
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 72,461 125,255
Other debtors 220,000 220,000
Directors' loan accounts 200,247 -
Amounts owed by related parties 598,547 802,402
1,091,255 1,147,657
Due after more than one year
Corporation tax recoverable assets 67,583 -
1,158,838 1,147,657
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 70,477 93,545
Corporation tax 67,583 44,743
Other taxes and social security 9,580 7,012
VAT 27,252 37,815
Other creditors 2,764 3,329
Accruals and deferred income 2,277 2,213
Directors' loan accounts 28,016 36,221
207,949 224,878
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Nicholas Radley (404 ) 431,266 (230,615 ) - 200,247
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
Included in Debtors is an amount of £598,547 (2023: £802,402) owed by Pendley Beeches Developments Ltd, a company of which Radley & Son Building Services Limited owns 100% of the issued share capital.
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