Acorah Software Products - Accounts Production 16.1.300 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04548985 Mr Paul Sparkes Mr Paul Studdy Mr Joseph Studdy Mrs Jennifer Studdy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04548985 2023-09-30 04548985 2024-09-30 04548985 2023-10-01 2024-09-30 04548985 frs-core:CurrentFinancialInstruments 2024-09-30 04548985 frs-core:Non-currentFinancialInstruments 2024-09-30 04548985 frs-core:BetweenOneFiveYears 2024-09-30 04548985 frs-core:FurnitureFittings 2024-09-30 04548985 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04548985 frs-core:FurnitureFittings 2023-09-30 04548985 frs-core:MotorVehicles 2024-09-30 04548985 frs-core:MotorVehicles 2023-10-01 2024-09-30 04548985 frs-core:MotorVehicles 2023-09-30 04548985 frs-core:PlantMachinery 2024-09-30 04548985 frs-core:PlantMachinery 2023-10-01 2024-09-30 04548985 frs-core:PlantMachinery 2023-09-30 04548985 frs-core:WithinOneYear 2024-09-30 04548985 frs-core:ShareCapital 2024-09-30 04548985 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04548985 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04548985 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04548985 frs-bus:SmallEntities 2023-10-01 2024-09-30 04548985 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04548985 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04548985 frs-bus:Director1 2023-10-01 2024-09-30 04548985 frs-bus:Director1 2023-09-30 04548985 frs-bus:Director1 2024-09-30 04548985 frs-bus:Director2 2023-10-01 2024-09-30 04548985 frs-bus:Director2 2023-09-30 04548985 frs-bus:Director2 2024-09-30 04548985 frs-bus:Director3 2023-10-01 2024-09-30 04548985 frs-bus:Director3 2023-09-30 04548985 frs-bus:Director3 2024-09-30 04548985 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04548985 frs-core:CurrentFinancialInstruments 1 2024-09-30 04548985 frs-countries:EnglandWales 2023-10-01 2024-09-30 04548985 2022-09-30 04548985 2023-09-30 04548985 2022-10-01 2023-09-30 04548985 frs-core:CurrentFinancialInstruments 2023-09-30 04548985 frs-core:Non-currentFinancialInstruments 2023-09-30 04548985 frs-core:BetweenOneFiveYears 2023-09-30 04548985 frs-core:WithinOneYear 2023-09-30 04548985 frs-core:ShareCapital 2023-09-30 04548985 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04548985 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 04548985
Render-Dry Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04548985
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,021 7,131
26,021 7,131
CURRENT ASSETS
Stocks 5 3,500 4,795
Debtors 6 66,240 70,646
Cash at bank and in hand (482 ) (7,198 )
69,258 68,243
Creditors: Amounts Falling Due Within One Year 7 (66,556 ) (64,512 )
NET CURRENT ASSETS (LIABILITIES) 2,702 3,731
TOTAL ASSETS LESS CURRENT LIABILITIES 28,723 10,862
Creditors: Amounts Falling Due After More Than One Year 8 (27,632 ) (18,771 )
NET ASSETS/(LIABILITIES) 1,091 (7,909 )
CAPITAL AND RESERVES
Called up share capital 10 150 150
Profit and Loss Account 941 (8,059 )
SHAREHOLDERS' FUNDS 1,091 (7,909)
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For the year ending 30 September 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 Joseph Studdy
Director
4th February 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
Render-Dry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04548985 . The registered office is 47 Crossley Moor Road, Kingsteignton, Devon, TQ12 3LQ.
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 directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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 Method
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
2.5. 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.
2.6. 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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2.7. 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 4,809 44,149 232 49,190
Additions 1,160 27,303 - 28,463
Disposals - (7,500 ) - (7,500 )
As at 30 September 2024 5,969 63,952 232 70,153
Depreciation
As at 1 October 2023 4,168 37,660 231 42,059
Provided during the period 307 9,266 - 9,573
Disposals - (7,500 ) - (7,500 )
As at 30 September 2024 4,475 39,426 231 44,132
Net Book Value
As at 30 September 2024 1,494 24,526 1 26,021
As at 1 October 2023 641 6,489 1 7,131
5. Stocks
2024 2023
£ £
Materials - 500
Work in progress 3,500 4,295
3,500 4,795
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,994 77
Prepayments and accrued income 585 550
Mum Loan 50,000 50,000
VAT - 2,700
Directors' loan accounts 8,661 17,319
66,240 70,646
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,395 2,193
Trade creditors 22,901 17,431
Bank loans and overdrafts 10,648 30,760
Corporation tax 21,199 12,826
Other taxes and social security 808 1,289
VAT 5,486 -
Accruals and deferred income 34 13
Directors' loan accounts 85 -
66,556 64,512
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,092 1,180
Bank loans 7,540 17,591
27,632 18,771
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,395 2,193
Later than one year and not later than five years 20,092 1,180
25,487 3,373
25,487 3,373
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Paul Sparkes 5,773 39,200 40,590 - 4,383
Mr Paul Studdy 5,772 38,011 43,869 - (85 )
Mr Joseph Studdy 5,773 42,000 43,496 - 4,278
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Paul Studdy 27,500 -
Mr Joseph Studdy 27,500 -
Mr Paul Sparkes 27,500 -
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