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 05771522 Vince Rawle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05771522 2023-04-30 05771522 2024-04-30 05771522 2023-05-01 2024-04-30 05771522 frs-core:CurrentFinancialInstruments 2024-04-30 05771522 frs-core:ComputerEquipment 2024-04-30 05771522 frs-core:ComputerEquipment 2023-05-01 2024-04-30 05771522 frs-core:ComputerEquipment 2023-04-30 05771522 frs-core:FurnitureFittings 2024-04-30 05771522 frs-core:FurnitureFittings 2023-05-01 2024-04-30 05771522 frs-core:FurnitureFittings 2023-04-30 05771522 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 05771522 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 05771522 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05771522 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 05771522 frs-core:PlantMachinery 2024-04-30 05771522 frs-core:PlantMachinery 2023-05-01 2024-04-30 05771522 frs-core:PlantMachinery 2023-04-30 05771522 frs-core:ShareCapital 2024-04-30 05771522 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05771522 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05771522 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 05771522 frs-bus:SmallEntities 2023-05-01 2024-04-30 05771522 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05771522 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05771522 frs-bus:Director1 2023-05-01 2024-04-30 05771522 frs-countries:EnglandWales 2023-05-01 2024-04-30 05771522 2022-04-30 05771522 2023-04-30 05771522 2022-05-01 2023-04-30 05771522 frs-core:CurrentFinancialInstruments 2023-04-30 05771522 frs-core:ShareCapital 2023-04-30 05771522 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05771522
Retail Agility Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Evenstone Limited
Boston House
Downsview Road
Wantage
OX12 9FF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05771522
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,404 61,154
99,404 61,154
CURRENT ASSETS
Debtors 5 352,380 249,174
Cash at bank and in hand 145,949 146,948
498,329 396,122
Creditors: Amounts Falling Due Within One Year 6 (86,798 ) (90,585 )
NET CURRENT ASSETS (LIABILITIES) 411,531 305,537
TOTAL ASSETS LESS CURRENT LIABILITIES 510,935 366,691
NET ASSETS 510,935 366,691
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 510,835 366,591
SHAREHOLDERS' FUNDS 510,935 366,691
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 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
Vince Rawle
Director
21/12/2024
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
Retail Agility Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05771522 . The registered office is 6 OXFORD STREET, LAMBOURN, HUNGERFORD, BERKSHIRE, RG17 8XP.
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:
Freehold 0%
Leasehold 0%
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: )
1 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 48,540 74,398 1,652 48,243 172,833
Additions - 49,995 - 5,388 55,383
As at 30 April 2024 48,540 124,393 1,652 53,631 228,216
Depreciation
As at 1 May 2023 1,040 61,745 1,070 47,824 111,679
Provided during the period - 14,523 414 2,196 17,133
As at 30 April 2024 1,040 76,268 1,484 50,020 128,812
Net Book Value
As at 30 April 2024 47,500 48,125 168 3,611 99,404
As at 1 May 2023 47,500 12,653 582 419 61,154
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,024 41,307
Other debtors 310,356 207,867
352,380 249,174
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 801 6,389
Taxation and social security 85,997 84,196
86,798 90,585
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4