Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11286371 Mr Stephen Bishop Mr Nicholas Papuca iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11286371 2023-04-30 11286371 2024-04-30 11286371 2023-05-01 2024-04-30 11286371 frs-core:CurrentFinancialInstruments 2024-04-30 11286371 frs-core:Non-currentFinancialInstruments 2024-04-30 11286371 frs-core:ComputerEquipment 2024-04-30 11286371 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11286371 frs-core:ComputerEquipment 2023-04-30 11286371 frs-core:FurnitureFittings 2024-04-30 11286371 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11286371 frs-core:FurnitureFittings 2023-04-30 11286371 frs-core:PlantMachinery 2024-04-30 11286371 frs-core:PlantMachinery 2023-05-01 2024-04-30 11286371 frs-core:PlantMachinery 2023-04-30 11286371 frs-core:ShareCapital 2024-04-30 11286371 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11286371 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11286371 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11286371 frs-bus:SmallEntities 2023-05-01 2024-04-30 11286371 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11286371 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11286371 frs-bus:Director1 2023-05-01 2024-04-30 11286371 frs-bus:Director2 2023-05-01 2024-04-30 11286371 frs-countries:EnglandWales 2023-05-01 2024-04-30 11286371 2022-04-30 11286371 2023-04-30 11286371 2022-05-01 2023-04-30 11286371 frs-core:CurrentFinancialInstruments 2023-04-30 11286371 frs-core:Non-currentFinancialInstruments 2023-04-30 11286371 frs-core:ShareCapital 2023-04-30 11286371 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11286371
Raymont Property Development Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11286371
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 406 676
406 676
CURRENT ASSETS
Stocks 5 984,030 984,030
Debtors 6 1,284 4,719
Cash at bank and in hand 37 898
985,351 989,647
Creditors: Amounts Falling Due Within One Year 7 (14,200 ) (21,823 )
NET CURRENT ASSETS (LIABILITIES) 971,151 967,824
TOTAL ASSETS LESS CURRENT LIABILITIES 971,557 968,500
Creditors: Amounts Falling Due After More Than One Year 8 (1,161,677 ) (1,089,874 )
NET LIABILITIES (190,120 ) (121,374 )
CAPITAL AND RESERVES
Called up share capital 9 500 500
Profit and Loss Account (190,620 ) (121,874 )
SHAREHOLDERS' FUNDS (190,120) (121,374)
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 Stephen Bishop
Director
31 January 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
Raymont Property Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11286371 . The registered office is Maple House 5 The Maples, Cleeve, Bristol, North Somerset, BS49 4FS.
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 company is by definition insolvent, however the director has confirmed that there is sufficient future work to enable the company to return to profitability and under these circumstances has agreed to provide capital as and when required to ensure that the company can meets its obligations.
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 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.
2.4. 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 25% reducing balance
Computer Equipment 33% straight line
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.
3. Average Number of Employees
The average number of employees during the year was 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 976 230 608 1,814
As at 30 April 2024 976 230 608 1,814
...CONTINUED
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Depreciation
As at 1 May 2023 674 58 406 1,138
Provided during the period 75 43 152 270
As at 30 April 2024 749 101 558 1,408
Net Book Value
As at 30 April 2024 227 129 50 406
As at 1 May 2023 302 172 202 676
5. Stocks
2024 2023
£ £
Work in progress 984,030 984,030
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 50 50
VAT 1,234 4,669
1,284 4,719
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,585 11,379
Bank loans and overdrafts 1,059 6,618
Other taxes and social security 92 707
Net wages 5,550 -
Other creditors - 1,400
Accruals and deferred income 1,914 1,719
14,200 21,823
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 501,570 452,517
Directors loan account 660,107 637,357
1,161,677 1,089,874
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
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