Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02915139 Mr S Barlow Mrs K Barlow Kerry Secretarial Services Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02915139 2023-04-30 02915139 2024-04-30 02915139 2023-05-01 2024-04-30 02915139 frs-core:CurrentFinancialInstruments 2024-04-30 02915139 frs-core:Non-currentFinancialInstruments 2024-04-30 02915139 frs-core:ComputerEquipment 2024-04-30 02915139 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02915139 frs-core:ComputerEquipment 2023-04-30 02915139 frs-core:MotorVehicles 2024-04-30 02915139 frs-core:MotorVehicles 2023-05-01 2024-04-30 02915139 frs-core:MotorVehicles 2023-04-30 02915139 frs-core:PlantMachinery 2024-04-30 02915139 frs-core:PlantMachinery 2023-05-01 2024-04-30 02915139 frs-core:PlantMachinery 2023-04-30 02915139 frs-core:ShareCapital 2024-04-30 02915139 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02915139 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02915139 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02915139 frs-bus:SmallEntities 2023-05-01 2024-04-30 02915139 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02915139 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02915139 frs-core:CostValuation 2023-04-30 02915139 frs-core:AdditionsToInvestments 2024-04-30 02915139 frs-core:DisposalsRepaymentsInvestments 2024-04-30 02915139 frs-core:CostValuation 2024-04-30 02915139 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 02915139 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 02915139 frs-core:UnlistedNon-exchangeTraded 2024-04-30 02915139 frs-core:UnlistedNon-exchangeTraded 2023-04-30 02915139 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 02915139 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 02915139 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 02915139 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 02915139 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 02915139 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 02915139 frs-bus:Director1 2023-05-01 2024-04-30 02915139 frs-bus:Director2 2023-05-01 2024-04-30 02915139 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 02915139 frs-countries:EnglandWales 2023-05-01 2024-04-30 02915139 2022-04-30 02915139 2023-04-30 02915139 2022-05-01 2023-04-30 02915139 frs-core:CurrentFinancialInstruments 2023-04-30 02915139 frs-core:Non-currentFinancialInstruments 2023-04-30 02915139 frs-core:ShareCapital 2023-04-30 02915139 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 02915139
Rye Plant Hire Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Elco Accounting Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02915139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,184,872 7,420,499
Investments 5 100 100
4,184,972 7,420,599
CURRENT ASSETS
Stocks 6 180,485 250,000
Debtors 7 324,649 1,568,203
Cash at bank and in hand 83,756 241,788
588,890 2,059,991
Creditors: Amounts Falling Due Within One Year 8 (2,206,979 ) (2,446,537 )
NET CURRENT ASSETS (LIABILITIES) (1,618,089 ) (386,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,566,883 7,034,053
Creditors: Amounts Falling Due After More Than One Year 9 (1,988,737 ) (4,691,400 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (519,753 ) (949,425 )
NET ASSETS 58,393 1,393,228
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 58,293 1,393,128
SHAREHOLDERS' FUNDS 58,393 1,393,228
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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.
On behalf of the board
Mr S Barlow
Director
31/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rye Plant Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02915139 . The registered office is C/O Elco Accounting, 24 Church Street, Rickmansworth, Hertfordshire, WD3 1DD.

The presentational currency of the financial statements is the Pound Sterling (£).
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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on cost
2.4. 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.
2.5. 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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2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realised the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.
...CONTINUED
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2.7. Taxation - continued
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. Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 2)
5 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 10,210,552 325,158 5,122 10,540,832
Additions 778,136 - - 778,136
Disposals (4,483,820 ) (85,560 ) (3,895 ) (4,573,275 )
As at 30 April 2024 6,504,868 239,598 1,227 6,745,693
Depreciation
As at 1 May 2023 2,932,912 182,299 5,122 3,120,333
Provided during the period 928,620 35,714 - 964,334
Disposals (1,443,502 ) (76,449 ) (3,895 ) (1,523,846 )
As at 30 April 2024 2,418,030 141,564 1,227 2,560,821
Net Book Value
As at 30 April 2024 4,086,838 98,034 - 4,184,872
As at 1 May 2023 7,277,640 142,859 - 7,420,499
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 May 2023 100 - 100
Additions - 140,083 140,083
Disposals - (140,083 ) (140,083 )
As at 30 April 2024 100 - 100
Provision
As at 1 May 2023 - - -
As at 30 April 2024 - - -
Net Book Value
As at 30 April 2024 100 - 100
As at 1 May 2023 100 - 100
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6. Stocks
2024 2023
£ £
Work in progress 180,485 250,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 321,247 93,903
Amounts owed by group undertakings - 1,407,178
Other debtors 3,402 67,122
324,649 1,568,203
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 977,190 1,407,711
Trade creditors 827,141 626,011
Bank loans and overdrafts 210,132 186,773
Other creditors 43,788 222,205
Taxation and social security 148,728 3,837
2,206,979 2,446,537
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,727,476 4,278,583
Bank loans 261,261 412,817
1,988,737 4,691,400
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in debtors are amounts due from Rye Demolition Ltd of £0 (2023: £1,407,178). These amounts are interest free and repayable on demand. All transactions are undertaken on an arm’s length basis. Rye Demolition Ltd is a wholly owned subsidiary of Rye Plant Hire Ltd.
During the year a £954,543 loan from Rye Plant Hire Limited to Rye Demolition Limited was written off, due to Rye Demolition Limited enetering into administartion on 1st March 2024.
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