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 10044925 Rachel Walters Emma Boyd Roslyn Lamb Alan Wilson Rachel Walters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10044925 2023-03-31 10044925 2024-03-31 10044925 2023-04-01 2024-03-31 10044925 frs-core:CurrentFinancialInstruments 2024-03-31 10044925 frs-core:PlantMachinery 2024-03-31 10044925 frs-core:PlantMachinery 2023-04-01 2024-03-31 10044925 frs-core:PlantMachinery 2023-03-31 10044925 frs-core:OtherReservesSubtotal 2024-03-31 10044925 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10044925 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 10044925 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10044925 frs-bus:SmallEntities 2023-04-01 2024-03-31 10044925 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10044925 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10044925 frs-bus:Director1 2023-04-01 2024-03-31 10044925 frs-bus:Director2 2023-04-01 2024-03-31 10044925 frs-bus:Director3 2023-04-01 2024-03-31 10044925 frs-bus:Director4 2023-04-01 2024-03-31 10044925 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 10044925 frs-countries:EnglandWales 2023-04-01 2024-03-31 10044925 2022-03-31 10044925 2023-03-31 10044925 2022-04-01 2023-03-31 10044925 frs-core:CurrentFinancialInstruments 2023-03-31 10044925 frs-core:OtherReservesSubtotal 2023-03-31 10044925 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10044925
Rabbit Welfare Association & Fund
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10044925
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 550 934
550 934
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 1,697 9,532
Cash at bank and in hand 95,421 82,325
107,118 101,857
Creditors: Amounts Falling Due Within One Year 7 (25,487 ) (23,633 )
NET CURRENT ASSETS (LIABILITIES) 81,631 78,224
TOTAL ASSETS LESS CURRENT LIABILITIES 82,181 79,158
NET ASSETS 82,181 79,158
RESERVES
Other reserves 32,500 32,500
Income and Expenditure Account 49,681 46,658
MEMBERS' FUNDS 82,181 79,158
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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 Income and Expenditure Account.
On behalf of the board
Rachel Walters
Director
21 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. General Information
Rabbit Welfare Association & Fund is a private company, limited by guarantee, incorporated in England & Wales, registered number 10044925 . The registered office is 61 Bridge Street, Kington, HR5 3DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are presented in Sterling (£) and have been 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.
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% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress 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 and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The tax expense for the year represents the sum of the tax currently payable, and is based on the taxable profit for the year. Taxable profit differs from profit as reported in the statement of profit and loss 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.
2.6. Cash and cash equivalents
Cash and cash equivalents comprise cash in hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.7. Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 1,536
As at 31 March 2024 1,536
Depreciation
As at 1 April 2023 602
Provided during the period 384
As at 31 March 2024 986
Net Book Value
As at 31 March 2024 550
As at 1 April 2023 934
5. Stocks
2024 2023
£ £
Finished goods 10,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 363 1,932
VAT 1,334 7,600
1,697 9,532
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,984 375
Amounts owed to RWF 23,503 23,258
25,487 23,633
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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