Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11375336 Mr William Gallie Mr William Gallie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11375336 2023-05-31 11375336 2024-05-31 11375336 2023-06-01 2024-05-31 11375336 frs-core:CurrentFinancialInstruments 2024-05-31 11375336 frs-core:Non-currentFinancialInstruments 2024-05-31 11375336 frs-core:ComputerEquipment 2024-05-31 11375336 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11375336 frs-core:ComputerEquipment 2023-05-31 11375336 frs-core:FurnitureFittings 2024-05-31 11375336 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11375336 frs-core:FurnitureFittings 2023-05-31 11375336 frs-core:PlantMachinery 2024-05-31 11375336 frs-core:PlantMachinery 2023-06-01 2024-05-31 11375336 frs-core:PlantMachinery 2023-05-31 11375336 frs-core:ShareCapital 2024-05-31 11375336 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11375336 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11375336 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11375336 frs-bus:SmallEntities 2023-06-01 2024-05-31 11375336 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11375336 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11375336 frs-bus:Director1 2023-06-01 2024-05-31 11375336 frs-bus:Director1 2023-05-31 11375336 frs-bus:Director1 2024-05-31 11375336 frs-bus:Director2 2023-06-01 2024-05-31 11375336 frs-countries:EnglandWales 2023-06-01 2024-05-31 11375336 2022-05-31 11375336 2023-05-31 11375336 2022-06-01 2023-05-31 11375336 frs-core:CurrentFinancialInstruments 2023-05-31 11375336 frs-core:Non-currentFinancialInstruments 2023-05-31 11375336 frs-core:ShareCapital 2023-05-31 11375336 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11375336
Roukin Brig Ltd
Financial Statements
For The Year Ended 31 May 2024
Tax Plus Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11375336
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,452 47,918
48,452 47,918
CURRENT ASSETS
Stocks 5 25,495 12,018
Debtors 6 14,217 55,611
Cash at bank and in hand 62,529 88,855
102,241 156,484
Creditors: Amounts Falling Due Within One Year 7 (82,464 ) (118,116 )
NET CURRENT ASSETS (LIABILITIES) 19,777 38,368
TOTAL ASSETS LESS CURRENT LIABILITIES 68,229 86,286
Creditors: Amounts Falling Due After More Than One Year 8 (81,777 ) (81,111 )
NET (LIABILITIES)/ASSETS (13,548 ) 5,175
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account (13,650 ) 5,073
SHAREHOLDERS' FUNDS (13,548) 5,175
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Page 2
For the year ending 31 May 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 William Gallie
Director
Mr William Gallie
Director
14/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Roukin Brig Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11375336 . The registered office is 10 Bolton Road West, Ramsbottom, Bury , Lancashire, BL0 9ND.
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 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 36 35
36 35
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 2,514 73,043 21,127 96,684
Additions 3,852 4,533 2,192 10,577
As at 31 May 2024 6,366 77,576 23,319 107,261
Depreciation
As at 1 June 2023 260 43,281 5,225 48,766
Provided during the period 824 6,028 3,191 10,043
As at 31 May 2024 1,084 49,309 8,416 58,809
Net Book Value
As at 31 May 2024 5,282 28,267 14,903 48,452
As at 1 June 2023 2,254 29,762 15,902 47,918
5. Stocks
2024 2023
£ £
Finished goods 25,495 12,018
6. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 2,306 -
Amounts owed by group undertakings 11,911 55,611
14,217 55,611
 Included within Debtors is £11,910 owed by Gallie Inns Limited as an intercompany loan. The company is related via common directorship.
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,269 18,682
Bank loans and overdrafts 21,167 22,667
Corporation tax (34 ) 2,589
Other taxes and social security 766 -
VAT 30,369 37,405
Accruals and deferred income - 32,000
Directors' loan accounts - 3,846
Amounts owed to group undertakings 927 927
82,464 118,116
Included within creditors is £927 owed to Gallie Holdings Limited as an intercompany loan. The company is related via common directorship.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 81,777 81,111
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr William Gallie 3,846 39,790 33,638 - 2,306
Interest has been charged at the official rate of interest of 2.5%.
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