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 11649265 Mr C E Nowell Mrs C J Nowell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11649265 2023-05-31 11649265 2024-05-31 11649265 2023-06-01 2024-05-31 11649265 frs-core:CurrentFinancialInstruments 2024-05-31 11649265 frs-core:Non-currentFinancialInstruments 2024-05-31 11649265 frs-core:ComputerEquipment 2024-05-31 11649265 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11649265 frs-core:ComputerEquipment 2023-05-31 11649265 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 11649265 frs-core:FurnitureFittings 2024-05-31 11649265 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11649265 frs-core:FurnitureFittings 2023-05-31 11649265 frs-core:MotorVehicles 2024-05-31 11649265 frs-core:MotorVehicles 2023-06-01 2024-05-31 11649265 frs-core:MotorVehicles 2023-05-31 11649265 frs-core:OtherResidualIntangibleAssets 2024-05-31 11649265 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 11649265 frs-core:OtherResidualIntangibleAssets 2023-05-31 11649265 frs-core:ShareCapital 2024-05-31 11649265 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11649265 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11649265 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11649265 frs-bus:SmallEntities 2023-06-01 2024-05-31 11649265 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11649265 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11649265 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11649265 frs-bus:OrdinaryShareClass1 2024-05-31 11649265 frs-bus:Director1 2023-06-01 2024-05-31 11649265 frs-bus:Director2 2023-06-01 2024-05-31 11649265 frs-countries:EnglandWales 2023-06-01 2024-05-31 11649265 2022-05-31 11649265 2023-05-31 11649265 2022-06-01 2023-05-31 11649265 frs-core:CurrentFinancialInstruments 2023-05-31 11649265 frs-core:Non-currentFinancialInstruments 2023-05-31 11649265 frs-core:ShareCapital 2023-05-31 11649265 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 11649265 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31 11649265 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 11649265
Ranton Trading Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11649265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 3,610
Tangible Assets 5 49,495 50,028
49,495 53,638
CURRENT ASSETS
Stocks 6 100,408 40,061
Debtors 7 2,745 30,139
Cash at bank and in hand 136,176 84,344
239,329 154,544
Creditors: Amounts Falling Due Within One Year 8 (141,766 ) (133,194 )
NET CURRENT ASSETS (LIABILITIES) 97,563 21,350
TOTAL ASSETS LESS CURRENT LIABILITIES 147,058 74,988
Creditors: Amounts Falling Due After More Than One Year 9 (110,109 ) (136,515 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,374 ) -
NET ASSETS/(LIABILITIES) 24,575 (61,527 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 24,475 (61,627 )
SHAREHOLDERS' FUNDS 24,575 (61,527)
Page 1
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 C E Nowell
Director
17 February 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ranton Trading Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the supply and fitting of kitchens is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to work performed.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and licenses. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.6. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.  Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.  Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Page 3
Page 4
2.7. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Intangible Assets
Patents and licences
£
Cost
As at 1 June 2023 18,050
As at 31 May 2024 18,050
Amortisation
As at 1 June 2023 14,440
Provided during the period 3,610
As at 31 May 2024 18,050
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 3,610
Page 4
Page 5
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 65,679 654 2,675 69,008
Additions 64,850 624 - 65,474
Disposals (65,679 ) - - (65,679 )
As at 31 May 2024 64,850 1,278 2,675 68,803
Depreciation
As at 1 June 2023 16,420 654 1,906 18,980
Provided during the period 16,213 156 379 16,748
Disposals (16,420 ) - - (16,420 )
As at 31 May 2024 16,213 810 2,285 19,308
Net Book Value
As at 31 May 2024 48,637 468 390 49,495
As at 1 June 2023 49,259 - 769 50,028
6. Stocks
2024 2023
£ £
Work in progress 100,408 40,061
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 330 16,040
Prepayments and accrued income 115 -
Other debtors 2,300 2,300
Social security - 202
Corporation tax recoverable assets - 11,597
2,745 30,139
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,010 28,653
Bank loans and overdrafts - 9,748
Corporation tax 2,025 -
Other taxes and social security 981 -
VAT 13,025 10,442
Other creditors 1,305 4,856
Accruals and deferred income 99,420 79,495
141,766 133,194
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 21,682
Directors loan account 110,109 114,833
110,109 136,515
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
11. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £58,238 (2023: £71,302).
Page 6