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 04174592 Miss Susan Bewell Mrs Faye Silver Miss Susan Bewell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04174592 2023-03-31 04174592 2024-03-31 04174592 2023-04-01 2024-03-31 04174592 frs-core:CurrentFinancialInstruments 2024-03-31 04174592 frs-core:ComputerEquipment 2024-03-31 04174592 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04174592 frs-core:ComputerEquipment 2023-03-31 04174592 frs-core:FurnitureFittings 2024-03-31 04174592 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04174592 frs-core:FurnitureFittings 2023-03-31 04174592 frs-core:NetGoodwill 2024-03-31 04174592 frs-core:NetGoodwill 2023-04-01 2024-03-31 04174592 frs-core:NetGoodwill 2023-03-31 04174592 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04174592 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04174592 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 04174592 frs-core:PlantMachinery 2024-03-31 04174592 frs-core:PlantMachinery 2023-04-01 2024-03-31 04174592 frs-core:PlantMachinery 2023-03-31 04174592 frs-core:ShareCapital 2024-03-31 04174592 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04174592 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04174592 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04174592 frs-bus:SmallEntities 2023-04-01 2024-03-31 04174592 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04174592 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04174592 frs-core:ListedExchangeTraded 2024-03-31 04174592 frs-core:ListedExchangeTraded 2023-03-31 04174592 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 04174592 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-03-31 04174592 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 04174592 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 04174592 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 04174592 frs-bus:Director1 2023-04-01 2024-03-31 04174592 frs-bus:Director2 2023-04-01 2024-03-31 04174592 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04174592 frs-countries:EnglandWales 2023-04-01 2024-03-31 04174592 2022-03-31 04174592 2023-03-31 04174592 2022-04-01 2023-03-31 04174592 frs-core:CurrentFinancialInstruments 2023-03-31 04174592 frs-core:ShareCapital 2023-03-31 04174592 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04174592 frs-core:CurrentFinancialInstruments 9 2023-03-31
Registered number: 04174592
RSB Partnership Limited
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04174592
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 (1 ) (1 )
Tangible Assets 5 33,811 11,516
Investments 6 141,280 135,000
175,090 146,515
CURRENT ASSETS
Debtors 7 206,194 248,370
Cash at bank and in hand 74,649 145,405
280,843 393,775
Creditors: Amounts Falling Due Within One Year 8 (98,509 ) (119,347 )
NET CURRENT ASSETS (LIABILITIES) 182,334 274,428
TOTAL ASSETS LESS CURRENT LIABILITIES 357,424 420,943
NET ASSETS 357,424 420,943
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 357,324 420,843
SHAREHOLDERS' FUNDS 357,424 420,943
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
Mrs Faye Silver
Director
12 November 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
RSB Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04174592 . The registered office is Paynes Park House Paynes Park, Hitchin, SG5 1EH.
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% RBM
Fixtures & Fittings 15% RBM
Computer Equipment 33% SLM
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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 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: 13 (2023: 11)
13 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 64,311
As at 31 March 2024 64,311
Amortisation
As at 1 April 2023 64,312
As at 31 March 2024 64,312
Net Book Value
As at 31 March 2024 (1 )
As at 1 April 2023 (1 )
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 - 820 21,804 46,734 69,358
Additions 14,298 - 12,873 4,221 31,392
As at 31 March 2024 14,298 820 34,677 50,955 100,750
Depreciation
As at 1 April 2023 - 100 14,649 43,093 57,842
Provided during the period 2,507 180 3,004 3,406 9,097
As at 31 March 2024 2,507 280 17,653 46,499 66,939
Net Book Value
As at 31 March 2024 11,791 540 17,024 4,456 33,811
As at 1 April 2023 - 720 7,155 3,641 11,516
6. Investments
Listed
£
Cost
As at 1 April 2023 135,000
Revaluations 6,280
As at 31 March 2024 141,280
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 141,280
As at 1 April 2023 135,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 156,137 206,447
Prepayments and accrued income 813 813
Pension scheme prepayments 32 (1,728 )
Corporation tax recoverable assets 26,883 14,900
Directors' loan accounts 22,329 27,938
206,194 248,370
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,667 15,668
Bank loans and overdrafts 1,149 3,414
Corporation tax - 22,178
Other taxes and social security 34,259 8,973
VAT 51,434 49,330
Net wages - 312
Other creditors (9) - 10,000
Accruals and deferred income 2,000 2,000
Directors' loan accounts - 7,472
98,509 119,347
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6