Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09319693 Mr R Baller Mrs S Baller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09319693 2022-11-30 09319693 2023-11-30 09319693 2022-12-01 2023-11-30 09319693 frs-core:CurrentFinancialInstruments 2023-11-30 09319693 frs-core:ComputerEquipment 2023-11-30 09319693 frs-core:ComputerEquipment 2022-12-01 2023-11-30 09319693 frs-core:ComputerEquipment 2022-11-30 09319693 frs-core:MotorVehicles 2023-11-30 09319693 frs-core:MotorVehicles 2022-12-01 2023-11-30 09319693 frs-core:MotorVehicles 2022-11-30 09319693 frs-core:PlantMachinery 2023-11-30 09319693 frs-core:PlantMachinery 2022-12-01 2023-11-30 09319693 frs-core:PlantMachinery 2022-11-30 09319693 frs-core:ShareCapital 2023-11-30 09319693 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09319693 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09319693 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09319693 frs-bus:SmallEntities 2022-12-01 2023-11-30 09319693 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09319693 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09319693 frs-bus:Director1 2022-12-01 2023-11-30 09319693 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 09319693 frs-countries:EnglandWales 2022-12-01 2023-11-30 09319693 2021-11-30 09319693 2022-11-30 09319693 2021-12-01 2022-11-30 09319693 frs-core:CurrentFinancialInstruments 2022-11-30 09319693 frs-core:ShareCapital 2022-11-30 09319693 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09319693
Redacre Construction Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09319693
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,885 3,916
2,885 3,916
CURRENT ASSETS
Debtors 5 602 202
Cash at bank and in hand 195,229 185,044
195,831 185,246
Creditors: Amounts Falling Due Within One Year 6 (4,317 ) (26,094 )
NET CURRENT ASSETS (LIABILITIES) 191,514 159,152
TOTAL ASSETS LESS CURRENT LIABILITIES 194,399 163,068
PROVISIONS FOR LIABILITIES
Deferred Taxation (744 ) (744 )
NET ASSETS 193,655 162,324
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 193,653 162,322
SHAREHOLDERS' FUNDS 193,655 162,324
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For the year ending 30 November 2023 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
Mr R Baller
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Redacre Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09319693 . The registered office is 52 Redacre Road, Boldmere, West Midlands, B73 5EE.
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
Motor Vehicles 25% reducing balance
Computer Equipment 3 years straight line
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.
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2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 572 18,186 2,482 21,240
As at 30 November 2023 572 18,186 2,482 21,240
Depreciation
As at 1 December 2022 460 14,949 1,915 17,324
Provided during the period 28 809 194 1,031
As at 30 November 2023 488 15,758 2,109 18,355
Net Book Value
As at 30 November 2023 84 2,428 373 2,885
As at 1 December 2022 112 3,237 567 3,916
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 602 202
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,656 (19 )
Corporation tax (5,018 ) 12,177
Other taxes and social security 1,071 909
VAT 3,855 9,332
Accruals and deferred income 1,030 1,257
Director's loan account 723 2,438
4,317 26,094
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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