Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05478204 Mr Michael Keating Mrs Helene Keating iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05478204 2023-06-30 05478204 2024-06-30 05478204 2023-07-01 2024-06-30 05478204 frs-core:CurrentFinancialInstruments 2024-06-30 05478204 frs-core:Non-currentFinancialInstruments 2024-06-30 05478204 frs-core:FurnitureFittings 2024-06-30 05478204 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05478204 frs-core:FurnitureFittings 2023-06-30 05478204 frs-core:MotorVehicles 2024-06-30 05478204 frs-core:MotorVehicles 2023-07-01 2024-06-30 05478204 frs-core:MotorVehicles 2023-06-30 05478204 frs-core:CapitalRedemptionReserve 2024-06-30 05478204 frs-core:ShareCapital 2024-06-30 05478204 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05478204 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05478204 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05478204 frs-bus:SmallEntities 2023-07-01 2024-06-30 05478204 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05478204 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05478204 frs-bus:Director1 2023-07-01 2024-06-30 05478204 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05478204 frs-countries:EnglandWales 2023-07-01 2024-06-30 05478204 2022-06-30 05478204 2023-06-30 05478204 2022-07-01 2023-06-30 05478204 frs-core:CurrentFinancialInstruments 2023-06-30 05478204 frs-core:Non-currentFinancialInstruments 2023-06-30 05478204 frs-core:CapitalRedemptionReserve 2023-06-30 05478204 frs-core:ShareCapital 2023-06-30 05478204 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05478204
Revabay Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05478204
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,935 31,915
23,935 31,915
CURRENT ASSETS
Stocks 5 80,846 73,248
Debtors 6 720,506 1,000,672
Cash at bank and in hand 2,143,453 1,555,434
2,944,805 2,629,354
Creditors: Amounts Falling Due Within One Year 7 (576,669 ) (644,514 )
NET CURRENT ASSETS (LIABILITIES) 2,368,136 1,984,840
TOTAL ASSETS LESS CURRENT LIABILITIES 2,392,071 2,016,755
Creditors: Amounts Falling Due After More Than One Year 8 (6,500 ) (12,500 )
NET ASSETS 2,385,571 2,004,255
CAPITAL AND RESERVES
Called up share capital 9 107 107
Capital redemption reserve 101 101
Profit and Loss Account 2,385,363 2,004,047
SHAREHOLDERS' FUNDS 2,385,571 2,004,255
Page 1
Page 2
For the year ending 30 June 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 Michael Keating
Director
24 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Revabay Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05478204 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
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
Taxation represents the sum of the tax currently payable and deferred tax.
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. 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.
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2.6. 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
The average number of employees, including directors, during the year was as follows: 7 (2023: 7)
7 7
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 67,075 10,836 77,911
As at 30 June 2024 67,075 10,836 77,911
Depreciation
As at 1 July 2023 35,322 10,674 45,996
Provided during the period 7,939 41 7,980
As at 30 June 2024 43,261 10,715 53,976
Net Book Value
As at 30 June 2024 23,814 121 23,935
As at 1 July 2023 31,753 162 31,915
5. Stocks
2024 2023
£ £
Stock 80,846 73,248
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 720,506 1,000,672
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 255,011 275,095
Bank loans and overdrafts 6,000 6,000
Other creditors 83,965 160,812
Taxation and social security 231,693 202,607
576,669 644,514
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,500 12,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 107 107
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