Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09262260 Mr Russell Steel true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09262260 2023-10-31 09262260 2024-10-31 09262260 2023-11-01 2024-10-31 09262260 frs-core:CurrentFinancialInstruments 2024-10-31 09262260 frs-core:ComputerEquipment 2024-10-31 09262260 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09262260 frs-core:ComputerEquipment 2023-10-31 09262260 frs-core:FurnitureFittings 2024-10-31 09262260 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09262260 frs-core:FurnitureFittings 2023-10-31 09262260 frs-core:ShareCapital 2024-10-31 09262260 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09262260 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09262260 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09262260 frs-bus:SmallEntities 2023-11-01 2024-10-31 09262260 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09262260 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09262260 1 2023-11-01 2024-10-31 09262260 frs-bus:Director1 2023-11-01 2024-10-31 09262260 frs-countries:EnglandWales 2023-11-01 2024-10-31 09262260 2022-10-31 09262260 2023-10-31 09262260 2022-11-01 2023-10-31 09262260 frs-core:CurrentFinancialInstruments 2023-10-31 09262260 frs-core:ShareCapital 2023-10-31 09262260 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09262260
R Steel Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09262260
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,794 1,127
1,794 1,127
CURRENT ASSETS
Debtors 4 6,289 2,474
Cash at bank and in hand 27,366 22,002
33,655 24,476
Creditors: Amounts Falling Due Within One Year 5 (15,603 ) (4,201 )
NET CURRENT ASSETS (LIABILITIES) 18,052 20,275
TOTAL ASSETS LESS CURRENT LIABILITIES 19,846 21,402
NET ASSETS 19,846 21,402
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 19,845 21,401
SHAREHOLDERS' FUNDS 19,846 21,402
Page 1
Page 2
For the year ending 31 October 2024 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 Russell Steel
Director
29th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Fixtures & Fittings 25%
Computer Equipment 25%
1.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 5,689 4,553 10,242
Additions - 1,266 1,266
As at 31 October 2024 5,689 5,819 11,508
Depreciation
As at 1 November 2023 4,972 4,143 9,115
Provided during the period 180 419 599
As at 31 October 2024 5,152 4,562 9,714
Net Book Value
As at 31 October 2024 537 1,257 1,794
As at 1 November 2023 717 410 1,127
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,289 2,474
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 1
Corporation tax 13,469 2,347
Accruals and deferred income 804 834
Director's loan account 1,331 1,019
15,603 4,201
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 29,694 38,365
Final dividend paid 24,000 8,000
53,694 46,365
8. Ultimate Controlling Party
The company's ultimate controlling party is Russel Steel by virtue of his ownership of 100% of the issued share capital in the company.
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