Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07842814 Mr Richard Sutton Mr Jacob Sutton Mrs Samantha Sutton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07842814 2023-04-30 07842814 2024-04-30 07842814 2023-05-01 2024-04-30 07842814 frs-core:Non-currentFinancialInstruments 2024-04-30 07842814 frs-core:BetweenOneFiveYears 2024-04-30 07842814 frs-core:FurnitureFittings 2023-05-01 2024-04-30 07842814 frs-core:NetGoodwill 2023-05-01 2024-04-30 07842814 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07842814 frs-core:MotorVehicles 2023-05-01 2024-04-30 07842814 frs-core:WithinOneYear 2024-04-30 07842814 frs-core:ShareCapital 2024-04-30 07842814 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07842814 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07842814 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 07842814 frs-bus:SmallEntities 2023-05-01 2024-04-30 07842814 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07842814 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07842814 frs-bus:Director1 2023-05-01 2024-04-30 07842814 frs-bus:Director2 2023-05-01 2024-04-30 07842814 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 07842814 frs-countries:EnglandWales 2023-05-01 2024-04-30 07842814 2022-04-30 07842814 2023-04-30 07842814 2022-05-01 2023-04-30 07842814 frs-core:Non-currentFinancialInstruments 2023-04-30 07842814 frs-core:BetweenOneFiveYears 2023-04-30 07842814 frs-core:WithinOneYear 2023-04-30 07842814 frs-core:ShareCapital 2023-04-30 07842814 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07842814
Richard Sutton Design Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Richard Sutton Design Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richard Sutton Design Limited for the year ended 30 April 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Richard Sutton Design Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Richard Sutton Design Limited and state those matters that we have agreed to state to the directors of Richard Sutton Design Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richard Sutton Design Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Richard Sutton Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Richard Sutton Design Limited . You consider that Richard Sutton Design Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Richard Sutton Design Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
4 December 2024
A. P. Robinson & Co
Chartered Accountants
107 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ER
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Abridged Balance Sheet
Registered number: 07842814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 18,000
Tangible Assets 5 94,902 66,268
94,902 84,268
CURRENT ASSETS
Stocks 434,844 428,373
Debtors 200,869 121,780
Cash at bank and in hand 402 1,500
636,115 551,653
Creditors: Amounts Falling Due Within One Year (548,058 ) (411,579 )
NET CURRENT ASSETS (LIABILITIES) 88,057 140,074
TOTAL ASSETS LESS CURRENT LIABILITIES 182,959 224,342
Creditors: Amounts Falling Due After More Than One Year (78,821 ) (57,998 )
NET ASSETS 104,138 166,344
CAPITAL AND RESERVES
Called up share capital 7 101 101
Profit and Loss Account 104,037 166,243
SHAREHOLDERS' FUNDS 104,138 166,344
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For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Richard Sutton
Director
4 December 2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Richard Sutton Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07842814 . The registered office is 107 Cleethorpe Road, Grimsby, North East Lincolnshire, DN31 3ER.
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 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:
Freehold No depreciation
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 10% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Intangible Assets
Total
£
Cost
As at 1 May 2023 180,000
As at 30 April 2024 180,000
Amortisation
As at 1 May 2023 162,000
Provided during the period 18,000
As at 30 April 2024 180,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 18,000
5. Tangible Assets
Total
£
Cost
As at 1 May 2023 185,252
Additions 55,890
Disposals (11,495 )
As at 30 April 2024 229,647
...CONTINUED
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Depreciation
As at 1 May 2023 118,984
Provided during the period 25,882
Disposals (10,121 )
As at 30 April 2024 134,745
Net Book Value
As at 30 April 2024 94,902
As at 1 May 2023 66,268
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,720 9,539
Later than one year and not later than five years 68,213 37,126
86,933 46,665
86,933 46,665
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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