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 05987454 Mrs J Bailey Mr M Bailey Mr R Bailey Mr P Bailey Mr D Bailey Mr R Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05987454 2023-03-31 05987454 2024-03-31 05987454 2023-04-01 2024-03-31 05987454 frs-core:CurrentFinancialInstruments 2024-03-31 05987454 frs-core:ComputerEquipment 2024-03-31 05987454 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05987454 frs-core:ComputerEquipment 2023-03-31 05987454 frs-core:PlantMachinery 2024-03-31 05987454 frs-core:PlantMachinery 2023-04-01 2024-03-31 05987454 frs-core:PlantMachinery 2023-03-31 05987454 frs-core:ShareCapital 2024-03-31 05987454 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05987454 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05987454 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05987454 frs-bus:SmallEntities 2023-04-01 2024-03-31 05987454 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05987454 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05987454 frs-bus:Director1 2023-04-01 2024-03-31 05987454 frs-bus:Director2 2023-04-01 2024-03-31 05987454 frs-bus:Director3 2023-04-01 2024-03-31 05987454 frs-bus:Director4 2023-04-01 2024-03-31 05987454 frs-bus:Director5 2023-04-01 2024-03-31 05987454 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05987454 frs-countries:EnglandWales 2023-04-01 2024-03-31 05987454 2022-03-31 05987454 2023-03-31 05987454 2022-04-01 2023-03-31 05987454 frs-core:CurrentFinancialInstruments 2023-03-31 05987454 frs-core:ShareCapital 2023-03-31 05987454 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05987454
Readymicks Concrete Products 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: 05987454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 676,707 745,452
676,707 745,452
CURRENT ASSETS
Stocks 5 64,024 59,282
Debtors 6 1,117,983 899,728
Cash at bank and in hand 1,507,222 1,734,342
2,689,229 2,693,352
Creditors: Amounts Falling Due Within One Year 7 (762,699 ) (761,020 )
NET CURRENT ASSETS (LIABILITIES) 1,926,530 1,932,332
TOTAL ASSETS LESS CURRENT LIABILITIES 2,603,237 2,677,784
PROVISIONS FOR LIABILITIES
Deferred Taxation (169,200 ) (186,400 )
NET ASSETS 2,434,037 2,491,384
CAPITAL AND RESERVES
Called up share capital 8 244,270 244,270
Profit and Loss Account 2,189,767 2,247,114
SHAREHOLDERS' FUNDS 2,434,037 2,491,384
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 J Bailey
Director
28/11/2024
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
Readymicks Concrete Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05987454 . The registered office is Longport Mill, Canal Street, Longport, Stoke-On-Trent, Staffordshire, ST6 4LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Monetary amounts in these finanical statements are rounded to the nearest £.
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.

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 20% reducing balance
Computer Equipment 10% reducing balance
2.4. Stocks and Work in Progress
Stocks 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.
2.5. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The basic financial instruments of the company are as follows:
Debtors
Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.
Cash at bank and in hand
Ths comprises cash at bank and cash in hand.
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.
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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was  26 (2023: 24)
26 24
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,587,099 23,325 1,610,424
Additions 97,954 860 98,814
As at 31 March 2024 1,685,053 24,185 1,709,238
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 853,722 11,250 864,972
Provided during the period 166,266 1,293 167,559
As at 31 March 2024 1,019,988 12,543 1,032,531
Net Book Value
As at 31 March 2024 665,065 11,642 676,707
As at 1 April 2023 733,377 12,075 745,452
5. Stocks
2024 2023
£ £
Finished goods 64,024 59,282
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,049,186 827,293
Prepayments and accrued income 24,343 28,631
Other debtors 650 -
Amounts owed by group undertakings 43,804 43,804
1,117,983 899,728
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 475,691 543,343
Corporation tax 151,100 123,300
Other taxes and social security 18,125 12,421
VAT 82,033 62,188
Other creditors 1,259 -
Accruals and deferred income 34,491 19,768
762,699 761,020
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 244,270 244,270
9. Controlling party
Page 5
Page 6
The company's ultimate parent company is B3 Holdings Limited whose registered office is Longport Mill, Canal Street, Longport, Stoke on Trent, ST6 4LU.
Page 6