Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC697130 Mr Howard Bray Ms Rebecca Reid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC697130 2023-04-30 SC697130 2024-04-30 SC697130 2023-05-01 2024-04-30 SC697130 frs-core:CurrentFinancialInstruments 2024-04-30 SC697130 frs-core:ComputerEquipment 2024-04-30 SC697130 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC697130 frs-core:ComputerEquipment 2023-04-30 SC697130 frs-core:FurnitureFittings 2024-04-30 SC697130 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC697130 frs-core:FurnitureFittings 2023-04-30 SC697130 frs-core:ShareCapital 2024-04-30 SC697130 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC697130 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC697130 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC697130 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC697130 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC697130 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC697130 frs-bus:Director1 2023-05-01 2024-04-30 SC697130 frs-bus:Director2 2023-05-01 2024-04-30 SC697130 frs-countries:Scotland 2023-05-01 2024-04-30 SC697130 2022-04-30 SC697130 2023-04-30 SC697130 2022-05-01 2023-04-30 SC697130 frs-core:CurrentFinancialInstruments 2023-04-30 SC697130 frs-core:ShareCapital 2023-04-30 SC697130 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC697130
RED RIBBON PRODUCTS LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
Chadwick Accountants & Bookkeepers Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC697130
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 592 709
592 709
CURRENT ASSETS
Stocks 5 3,126 11,474
Debtors 6 7,445 6,417
Cash at bank and in hand 8,043 6,240
18,614 24,131
Creditors: Amounts Falling Due Within One Year 7 (31,122 ) (28,477 )
NET CURRENT ASSETS (LIABILITIES) (12,508 ) (4,346 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,916 ) (3,637 )
NET LIABILITIES (11,916 ) (3,637 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account (12,116 ) (3,837 )
SHAREHOLDERS' FUNDS (11,916) (3,637)
Page 1
Page 2
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.
On behalf of the board
Mr Howard Bray
Director
30/01/2025
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
RED RIBBON PRODUCTS LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC697130 . The registered office is 1/2 84 CRAIGIE STREET, GLASGOW, LANARKSHIRE, G42 8NA.
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. 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:
Fixtures & Fittings 20% SL
Computer Equipment 25% SL
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 - 946 946
Additions 149 - 149
As at 30 April 2024 149 946 1,095
Depreciation
As at 1 May 2023 - 237 237
Provided during the period 30 236 266
As at 30 April 2024 30 473 503
...CONTINUED
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Net Book Value
As at 30 April 2024 119 473 592
As at 1 May 2023 - 709 709
5. Stocks
2024 2023
£ £
Finished goods 3,126 11,474
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,417 6,417
Other debtors 1,028 -
7,445 6,417
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (35 ) (1 )
Other creditors 31,157 27,755
Taxation and social security - 723
31,122 28,477
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4