Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 5376465 Mr DAVID STEALEY Mr MARCUS REES Mrs MANDY GODFREY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5376465 2023-06-30 5376465 2024-06-30 5376465 2023-07-01 2024-06-30 5376465 frs-core:CurrentFinancialInstruments 2024-06-30 5376465 frs-core:ComputerEquipment 2024-06-30 5376465 frs-core:ComputerEquipment 2023-07-01 2024-06-30 5376465 frs-core:ComputerEquipment 2023-06-30 5376465 frs-core:FurnitureFittings 2023-07-01 2024-06-30 5376465 frs-core:NetGoodwill 2024-06-30 5376465 frs-core:NetGoodwill 2023-07-01 2024-06-30 5376465 frs-core:NetGoodwill 2023-06-30 5376465 frs-core:MotorVehicles 2024-06-30 5376465 frs-core:MotorVehicles 2023-07-01 2024-06-30 5376465 frs-core:MotorVehicles 2023-06-30 5376465 frs-core:PlantMachinery 2023-07-01 2024-06-30 5376465 frs-core:OtherReservesSubtotal 2024-06-30 5376465 frs-core:ShareCapital 2024-06-30 5376465 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 5376465 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 5376465 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 5376465 frs-bus:SmallEntities 2023-07-01 2024-06-30 5376465 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 5376465 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 5376465 frs-bus:Director1 2023-07-01 2024-06-30 5376465 frs-bus:Director2 2023-07-01 2024-06-30 5376465 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 5376465 frs-countries:EnglandWales 2023-07-01 2024-06-30 5376465 2022-06-30 5376465 2023-06-30 5376465 2022-07-01 2023-06-30 5376465 frs-core:CurrentFinancialInstruments 2023-06-30 5376465 frs-core:OtherReservesSubtotal 2023-06-30 5376465 frs-core:ShareCapital 2023-06-30 5376465 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 5376465
ROMILLY ASSOCIATES IFA LTD
Unaudited Financial Statements
For The Year Ended 30 June 2024
Abacus Business Services
17 Minehead Avenue
Sully
Vale of Glamorgan
CF64 5TH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 5376465
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,737 1,071
3,737 1,071
CURRENT ASSETS
Debtors 6 - 5,505
Cash at bank and in hand 276,906 292,082
276,906 297,587
Creditors: Amounts Falling Due Within One Year 7 (86,173 ) (64,364 )
NET CURRENT ASSETS (LIABILITIES) 190,733 233,223
TOTAL ASSETS LESS CURRENT LIABILITIES 194,470 234,294
NET ASSETS 194,470 234,294
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 238,205 238,205
Profit and Loss Account (43,835 ) (4,011 )
SHAREHOLDERS' FUNDS 194,470 234,294
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For the year ending 30 June 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 DAVID STEALEY
Director
6 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ROMILLY ASSOCIATES IFA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 5376465 . The registered office is 26HICKMAN ROAD, PENARTH, VALE OF GLAMORGAN, CF64 2AL.
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 stated at cost less depreciation. 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
Motor Vehicles 25
Fixtures & Fittings 25
Computer Equipment 25
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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 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:
2024 2023
Office and administration 5 5
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 10,000
As at 30 June 2024 10,000
Amortisation
As at 1 July 2023 10,000
As at 30 June 2024 10,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
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5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 6,335 6,537 12,872
Additions 4,400 - 4,400
As at 30 June 2024 10,735 6,537 17,272
Depreciation
As at 1 July 2023 6,335 5,466 11,801
Provided during the period 1,466 268 1,734
As at 30 June 2024 7,801 5,734 13,535
Net Book Value
As at 30 June 2024 2,934 803 3,737
As at 1 July 2023 - 1,071 1,071
6. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts - 5,505
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 1
Corporation tax 61,062 52,931
Other taxes and social security 11,697 4,302
Net wages 12,751 6,874
Other creditors - 256
Directors' loan accounts 664 -
86,173 64,364
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 218,000 210,000
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