Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 18 February 2025 1 January 2024 31 December 2024 31 December 2024 05351115 Mr Frank Eischet Mr Thomas Riedel Mr Paul Rivens true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05351115 2023-12-31 05351115 2024-12-31 05351115 2024-01-01 2024-12-31 05351115 frs-core:CurrentFinancialInstruments 2024-12-31 05351115 frs-core:ComputerEquipment 2024-12-31 05351115 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05351115 frs-core:ComputerEquipment 2023-12-31 05351115 frs-core:FurnitureFittings 2024-12-31 05351115 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05351115 frs-core:FurnitureFittings 2023-12-31 05351115 frs-core:PlantMachinery 2024-12-31 05351115 frs-core:PlantMachinery 2024-01-01 2024-12-31 05351115 frs-core:PlantMachinery 2023-12-31 05351115 frs-core:WithinOneYear 2024-12-31 05351115 frs-core:ShareCapital 2024-12-31 05351115 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05351115 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05351115 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05351115 frs-bus:SmallEntities 2024-01-01 2024-12-31 05351115 frs-bus:Audited 2024-01-01 2024-12-31 05351115 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05351115 1 2024-01-01 2024-12-31 05351115 frs-bus:Director1 2024-01-01 2024-12-31 05351115 frs-bus:Director2 2024-01-01 2024-12-31 05351115 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05351115 frs-countries:EnglandWales 2024-01-01 2024-12-31 05351115 2022-12-31 05351115 2023-12-31 05351115 2023-01-01 2023-12-31 05351115 frs-core:CurrentFinancialInstruments 2023-12-31 05351115 frs-core:BetweenOneFiveYears 2023-12-31 05351115 frs-core:WithinOneYear 2023-12-31 05351115 frs-core:ShareCapital 2023-12-31 05351115 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05351115
Riedel Communications Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05351115
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,360 3,055
2,360 3,055
CURRENT ASSETS
Debtors 5 713,671 642,965
Cash at bank and in hand 55,398 6,155
769,069 649,120
Creditors: Amounts Falling Due Within One Year 6 (414,817 ) (424,220 )
NET CURRENT ASSETS (LIABILITIES) 354,252 224,900
TOTAL ASSETS LESS CURRENT LIABILITIES 356,612 227,955
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (591 ) (719 )
NET ASSETS 356,021 227,236
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 356,019 227,234
SHAREHOLDERS' FUNDS 356,021 227,236
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 Frank Eischet
Director
14 February 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Riedel Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05351115 . The registered office is Chaplin House Widewater Place, Moorhall Road, Harefield, Uxbridge, Middlesex, UB9 6NS.
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 Regime).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 28 23
28 23
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Page 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 4,366 35,067 11,618 51,051
Additions - - 208 208
As at 31 December 2024 4,366 35,067 11,826 51,259
Depreciation
As at 1 January 2024 4,366 35,067 8,563 47,996
Provided during the period - - 903 903
As at 31 December 2024 4,366 35,067 9,466 48,899
Net Book Value
As at 31 December 2024 - - 2,360 2,360
As at 1 January 2024 - - 3,055 3,055
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 30,131 24,062
Other debtors 670,491 607,772
VAT 13,049 11,131
713,671 642,965
Other debtors include amounts owed to Riedel Communications GmbH & Co KG: £670,491 (2023 - £607,772).
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,627 44,975
Bank loans and overdrafts 2,798 2,909
Corporation tax 45,396 30,782
Other taxes and social security 195,205 162,873
Accruals and deferred income 131,791 182,681
414,817 424,220
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 591 719
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
At the end of the period the company had annual commitments under non-cancellable operating leases as detailed below. During the year the company occupied premises under an operating lease. The term of the lease is for a period of 10 years, commencing 2 July 2015, with a break clause on the fifth anniversary. The lease included an initial rent free period of sixteen months and a second rent free period of six months after the fifth anniversary. 
2024 2023
£ £
Not later than one year 25,048 50,095
Later than one year and not later than five years - 25,048
25,048 75,143
10. Related Party Transactions
The amounts included within sales are sales to Riedel Communications GmbH & Co KG - £3,673,287 (£2,665,280 - prior year)
11. Ultimate Controlling Party
The company's ultimate controlling party is Riedel Communications GmbH & Co KG by virtue of its ownership of Riedel Communications International GmbH which owns 100% of the issued share capital of the company.
12. Audit Information
The auditor's report on the accounts of Riedel Communications Ltd for the year ended 31 December 2024 was unqualified. The audit report was signed on 18 February 2025.
The auditor's report was signed by Simon Pusey (Senior Statutory Auditor) for and on behalf of Keith Graham Chartered Accountants, Suite 2 Wesley Chambers Queens Road Aldershot Hampshire GU11 3JD , Statutory Auditor.
Page 4