Acorah Software Products - Accounts Production 16.1.300 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11656179 Mr Malcolm Jenkinson Mr Peter Lonnen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11656179 2023-11-30 11656179 2024-11-30 11656179 2023-12-01 2024-11-30 11656179 frs-core:CurrentFinancialInstruments 2024-11-30 11656179 frs-core:Non-currentFinancialInstruments 2024-11-30 11656179 frs-core:ComputerEquipment 2024-11-30 11656179 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11656179 frs-core:ComputerEquipment 2023-11-30 11656179 frs-core:FurnitureFittings 2024-11-30 11656179 frs-core:FurnitureFittings 2023-12-01 2024-11-30 11656179 frs-core:FurnitureFittings 2023-11-30 11656179 frs-core:PlantMachinery 2024-11-30 11656179 frs-core:PlantMachinery 2023-12-01 2024-11-30 11656179 frs-core:PlantMachinery 2023-11-30 11656179 frs-core:ShareCapital 2024-11-30 11656179 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11656179 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11656179 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11656179 frs-bus:SmallEntities 2023-12-01 2024-11-30 11656179 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11656179 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11656179 frs-bus:Director1 2023-12-01 2024-11-30 11656179 frs-bus:Director2 2023-12-01 2024-11-30 11656179 frs-core:CurrentFinancialInstruments 1 2024-11-30 11656179 frs-countries:EnglandWales 2023-12-01 2024-11-30 11656179 2022-11-30 11656179 2023-11-30 11656179 2022-12-01 2023-11-30 11656179 frs-core:CurrentFinancialInstruments 2023-11-30 11656179 frs-core:Non-currentFinancialInstruments 2023-11-30 11656179 frs-core:ShareCapital 2023-11-30 11656179 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11656179 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 11656179
Rollaloo Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11656179
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,054 7,402
7,054 7,402
CURRENT ASSETS
Stocks 5 172,034 27,460
Debtors 6 71,163 131,521
Cash at bank and in hand 70,400 21
313,597 159,002
Creditors: Amounts Falling Due Within One Year 7 (298,082 ) (255,027 )
NET CURRENT ASSETS (LIABILITIES) 15,515 (96,025 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,569 (88,623 )
Creditors: Amounts Falling Due After More Than One Year 8 (10,664 ) (15,658 )
NET ASSETS/(LIABILITIES) 11,905 (104,281 )
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 11,605 (104,581 )
SHAREHOLDERS' FUNDS 11,905 (104,281)
Page 1
Page 2
For the year ending 30 November 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
Mr Malcolm Jenkinson
Director
Mr Peter Lonnen
Director
29 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rollaloo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11656179 . The registered office is Kershaw House, 80 Fitzwilliam Street, Huddersfield, HD1 5BB.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, namely that the writers strikes in the US have had a knock on affect on the film and TV industry in the UK, which is Rollaloo's largest customer base. The directors are confident that they are able to support the company until the main trade begins operating normally by diversifying the product base slightly and offering financial support, if required. Therefore, the going concern basis remains appropriate.
2.3. 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. 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.
2.4. 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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 10% straight line
Computer Equipment 20% 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.
Page 3
Page 4
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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. 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: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 15,382 4,731 266 20,379
Additions 2,836 - - 2,836
As at 30 November 2024 18,218 4,731 266 23,215
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 December 2023 10,481 2,364 132 12,977
Provided during the period 1,936 1,182 66 3,184
As at 30 November 2024 12,417 3,546 198 16,161
Net Book Value
As at 30 November 2024 5,801 1,185 68 7,054
As at 1 December 2023 4,901 2,367 134 7,402
5. Stocks
2024 2023
£ £
Materials 56,159 10,590
Work in progress 115,875 16,870
172,034 27,460
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 69,259 129,849
Prepayments and accrued income 904 672
Other debtors 1,000 1,000
71,163 131,521
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,273 51,033
Bank loans and overdrafts 8,394 56,354
Other taxes and social security 1,372 2,243
VAT 34,768 18,070
Other creditors 214,825 81,650
Pensions 57 622
Accruals and deferred income 2,395 2,057
Directors' loan accounts 32,998 42,998
298,082 255,027
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,664 15,658
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
10. Pension Commitments
The company operates a defined contribution pension scheme for directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £57(PY £622) were due to the fund. They are included in Other Creditors.
Page 6