Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11711781 J R Findlay H G Findlay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11711781 2023-12-31 11711781 2024-12-31 11711781 2024-01-01 2024-12-31 11711781 frs-core:CurrentFinancialInstruments 2024-12-31 11711781 frs-core:Non-currentFinancialInstruments 2024-12-31 11711781 frs-core:BetweenOneFiveYears 2024-12-31 11711781 frs-core:ComputerEquipment 2024-12-31 11711781 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11711781 frs-core:ComputerEquipment 2023-12-31 11711781 frs-core:FurnitureFittings 2024-12-31 11711781 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11711781 frs-core:FurnitureFittings 2023-12-31 11711781 frs-core:MotorVehicles 2024-12-31 11711781 frs-core:MotorVehicles 2024-01-01 2024-12-31 11711781 frs-core:MotorVehicles 2023-12-31 11711781 frs-core:PlantMachinery 2024-12-31 11711781 frs-core:PlantMachinery 2024-01-01 2024-12-31 11711781 frs-core:PlantMachinery 2023-12-31 11711781 frs-core:WithinOneYear 2024-12-31 11711781 frs-core:ShareCapital 2024-12-31 11711781 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11711781 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11711781 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11711781 frs-bus:SmallEntities 2024-01-01 2024-12-31 11711781 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11711781 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11711781 frs-bus:Director1 2024-01-01 2024-12-31 11711781 frs-bus:Director2 2024-01-01 2024-12-31 11711781 frs-countries:EnglandWales 2024-01-01 2024-12-31 11711781 2022-12-31 11711781 2023-12-31 11711781 2023-01-01 2023-12-31 11711781 frs-core:CurrentFinancialInstruments 2023-12-31 11711781 frs-core:Non-currentFinancialInstruments 2023-12-31 11711781 frs-core:BetweenOneFiveYears 2023-12-31 11711781 frs-core:WithinOneYear 2023-12-31 11711781 frs-core:ShareCapital 2023-12-31 11711781 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11711781
Robert George Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11711781
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 127,947 23,475
127,947 23,475
CURRENT ASSETS
Stocks 79,893 7,978
Debtors 5 352,022 154,709
Cash at bank and in hand 1,816 3,406
433,731 166,093
Creditors: Amounts Falling Due Within One Year 6 (264,338 ) (126,800 )
NET CURRENT ASSETS (LIABILITIES) 169,393 39,293
TOTAL ASSETS LESS CURRENT LIABILITIES 297,340 62,768
Creditors: Amounts Falling Due After More Than One Year 7 (106,027 ) (23,545 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,255 ) -
NET ASSETS 185,058 39,223
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 185,056 39,221
SHAREHOLDERS' FUNDS 185,058 39,223
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For the year ending 31 December 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
J R Findlay
Director
17 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
Robert George Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11711781 . The registered office is Unit 14 Ladymead Farm, Quainton, Aylesbury, HP22 1AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The company has transitioned from FRS 105 to FRS 102 (1A). These financial statements are the first that comply with FRS 102 (1A). The date of transition is 1 January 2023.
The transition to FRS 102 (1A) has resulted in only one change in accounting policy, the recognition of deferred tax, compared to those used previously.
However as the value of deferred tax relating to previous years was nil, no prior year adjustments are required.
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.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 3 years straight line
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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. Financial Instruments
The company applies the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Basic financial assets and liabilities are initially measured at transaction price and are subsequently carried at amortised cost 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 and liabilities classified as receivable or payable within one year are not amortised.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
2.6. 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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2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.8. Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 4,671 30,000 177 1,392 36,240
Additions 3,008 123,872 1,752 - 128,632
As at 31 December 2024 7,679 153,872 1,929 1,392 164,872
Depreciation
As at 1 January 2024 794 11,250 50 671 12,765
Provided during the period 1,515 21,849 332 464 24,160
As at 31 December 2024 2,309 33,099 382 1,135 36,925
Net Book Value
As at 31 December 2024 5,370 120,773 1,547 257 127,947
As at 1 January 2024 3,877 18,750 127 721 23,475
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 114,817 44,550
Prepayments and accrued income 2,147 2,976
Other debtors 87,391 75,216
VAT 3,489 1,668
Directors' loan accounts 144,178 30,299
352,022 154,709
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,473 3,892
Trade creditors 23,330 18,324
Bank loans and overdrafts 4,000 4,000
Other loans 14,755 43,867
Corporation tax 90,869 31,714
Other taxes and social security 17,891 18,144
Other creditors 83,767 -
Accruals and deferred income 14,253 6,859
264,338 126,800
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 103,278 15,622
Bank loans 2,749 7,923
106,027 23,545
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,473 3,892
Later than one year and not later than five years 103,278 15,622
118,751 19,514
118,751 19,514
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
During the year the company made advances to directors totalling £154,274 (2023 - £47,778) and recevied repayments totalling £40,395 (2023 - £13,142). The balance owed to the company at the year end was £144,178 (2023 - £30,299) and is shown within debtors.
The loans are unsecured and repayable on demand. Interest is charged at HMRC's beneficial loan interest rate.
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