Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 03001149 Mr Ian Penman Mrs Priscilla Penman Mr Joshua Penman Mrs Priscilla Penman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03001149 2023-02-28 03001149 2024-02-29 03001149 2023-03-01 2024-02-29 03001149 frs-core:CurrentFinancialInstruments 2024-02-29 03001149 frs-core:ComputerEquipment 2024-02-29 03001149 frs-core:ComputerEquipment 2023-03-01 2024-02-29 03001149 frs-core:ComputerEquipment 2023-02-28 03001149 frs-core:FurnitureFittings 2024-02-29 03001149 frs-core:FurnitureFittings 2023-03-01 2024-02-29 03001149 frs-core:FurnitureFittings 2023-02-28 03001149 frs-core:MotorVehicles 2024-02-29 03001149 frs-core:MotorVehicles 2023-03-01 2024-02-29 03001149 frs-core:MotorVehicles 2023-02-28 03001149 frs-core:PlantMachinery 2024-02-29 03001149 frs-core:PlantMachinery 2023-03-01 2024-02-29 03001149 frs-core:PlantMachinery 2023-02-28 03001149 frs-core:ShareCapital 2024-02-29 03001149 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 03001149 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03001149 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 03001149 frs-bus:SmallEntities 2023-03-01 2024-02-29 03001149 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03001149 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 03001149 frs-core:UnlistedNon-exchangeTraded 2024-02-29 03001149 frs-core:UnlistedNon-exchangeTraded 2023-02-28 03001149 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 03001149 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 03001149 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 03001149 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 03001149 frs-bus:Director1 2023-03-01 2024-02-29 03001149 frs-bus:Director2 2023-03-01 2024-02-29 03001149 frs-bus:Director3 2023-03-01 2024-02-29 03001149 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 03001149 frs-core:CurrentFinancialInstruments 1 2024-02-29 03001149 frs-core:CurrentFinancialInstruments 2 2024-02-29 03001149 frs-core:CurrentFinancialInstruments 4 2024-02-29 03001149 frs-core:CurrentFinancialInstruments 5 2024-02-29 03001149 frs-countries:EnglandWales 2023-03-01 2024-02-29 03001149 2022-02-28 03001149 2023-02-28 03001149 2022-03-01 2023-02-28 03001149 frs-core:CurrentFinancialInstruments 2023-02-28 03001149 frs-core:ShareCapital 2023-02-28 03001149 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 03001149 frs-core:CurrentFinancialInstruments 1 2023-02-28 03001149 frs-core:CurrentFinancialInstruments 2 2023-02-28 03001149 frs-core:CurrentFinancialInstruments 3 2023-02-28 03001149 frs-core:CurrentFinancialInstruments 4 2023-02-28 03001149 frs-core:CurrentFinancialInstruments 5 2023-02-28
Registered number: 03001149
Ruach Designs Ltd
Financial Statements
For The Year Ended 29 February 2024
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03001149
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,786 41,866
Investments 5 59,340 59,340
97,126 101,206
CURRENT ASSETS
Debtors 6 158,023 193,902
Cash at bank and in hand 67,092 148,048
225,115 341,950
Creditors: Amounts Falling Due Within One Year 7 (248,320 ) (312,879 )
NET CURRENT ASSETS (LIABILITIES) (23,205 ) 29,071
TOTAL ASSETS LESS CURRENT LIABILITIES 73,921 130,277
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,447 ) (7,954 )
NET ASSETS 64,474 122,323
CAPITAL AND RESERVES
Called up share capital 8 1,229 1,082
Profit and Loss Account 63,245 121,241
SHAREHOLDERS' FUNDS 64,474 122,323
Page 1
Page 2
For the year ending 29 February 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 Ian Penman
Director
25/11/2024
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
Ruach Designs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03001149 . The registered office is Adams & Moore House, Instone Road, Dartford, DA1 2AG.
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. 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 Method
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
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 year 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 asset reflects 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: 14 (2023: 17)
14 17
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 33,817 97,658 37,841 2,717 172,033
Additions - 14,000 - 667 14,667
Disposals - (8,200 ) - - (8,200 )
As at 29 February 2024 33,817 103,458 37,841 3,384 178,500
Depreciation
As at 1 March 2023 33,569 60,815 33,357 2,426 130,167
Provided during the period 62 11,174 1,121 240 12,597
Disposals - (2,050 ) - - (2,050 )
As at 29 February 2024 33,631 69,939 34,478 2,666 140,714
Net Book Value
As at 29 February 2024 186 33,519 3,363 718 37,786
As at 1 March 2023 248 36,843 4,484 291 41,866
5. Investments
Unlisted
£
Cost
As at 1 March 2023 59,340
As at 29 February 2024 59,340
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 59,340
As at 1 March 2023 59,340
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 140,085 162,131
Prepayments and accrued income 7,746 7,100
Staff loans 1,591 6,006
Retention charges 8,601 8,601
AIB Merchant Account - 10,064
158,023 193,902
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 88,160 107,041
Corporation tax 12,170 14,719
Other taxes and social security 10,559 5,541
VAT 37,713 55,666
Baclays card 5,088 7,073
CIS control account - 202
Pension control account 1,863 2,177
Barclaycard Commerial 2,525 5,771
Accruals and deferred income 5,258 4,833
Directors' loan accounts 84,984 109,856
248,320 312,879
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,229 1,082
Page 5