Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 8865783 Mr Martin Langmaid Mrs Dianne Smyth Mrs Sara Newby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8865783 2024-01-31 8865783 2025-01-31 8865783 2024-02-01 2025-01-31 8865783 frs-core:CurrentFinancialInstruments 2025-01-31 8865783 frs-core:Non-currentFinancialInstruments 2025-01-31 8865783 frs-core:ComputerEquipment 2025-01-31 8865783 frs-core:ComputerEquipment 2024-02-01 2025-01-31 8865783 frs-core:ComputerEquipment 2024-01-31 8865783 frs-core:FurnitureFittings 2025-01-31 8865783 frs-core:FurnitureFittings 2024-02-01 2025-01-31 8865783 frs-core:FurnitureFittings 2024-01-31 8865783 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 8865783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 8865783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 8865783 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 8865783 frs-core:MotorVehicles 2025-01-31 8865783 frs-core:MotorVehicles 2024-02-01 2025-01-31 8865783 frs-core:MotorVehicles 2024-01-31 8865783 frs-core:PlantMachinery 2025-01-31 8865783 frs-core:PlantMachinery 2024-02-01 2025-01-31 8865783 frs-core:PlantMachinery 2024-01-31 8865783 frs-core:ShareCapital 2025-01-31 8865783 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 8865783 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 8865783 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 8865783 frs-bus:SmallEntities 2024-02-01 2025-01-31 8865783 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 8865783 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 8865783 frs-core:UnlistedNon-exchangeTraded 2025-01-31 8865783 frs-core:UnlistedNon-exchangeTraded 2024-01-31 8865783 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 8865783 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-01-31 8865783 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 8865783 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 8865783 frs-bus:Director1 2024-02-01 2025-01-31 8865783 frs-bus:Director2 2024-02-01 2025-01-31 8865783 frs-bus:Director3 2024-02-01 2025-01-31 8865783 frs-core:CurrentFinancialInstruments 1 2025-01-31 8865783 frs-countries:EnglandWales 2024-02-01 2025-01-31 8865783 2023-01-31 8865783 2024-01-31 8865783 2023-02-01 2024-01-31 8865783 frs-core:CurrentFinancialInstruments 2024-01-31 8865783 frs-core:Non-currentFinancialInstruments 2024-01-31 8865783 frs-core:ShareCapital 2024-01-31 8865783 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 8865783 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 8865783
The Rural Exchange Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Whitehead & Company
Chartered Accountants
Penfold
Cannington Lane
Uplyme
Dorset
DT7 3SW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 8865783
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 507,128 515,916
Investments 5 216,263 216,263
723,391 732,179
CURRENT ASSETS
Debtors 6 42,513 49,288
Cash at bank and in hand 164,941 160,782
207,454 210,070
Creditors: Amounts Falling Due Within One Year 7 (20,371 ) (11,577 )
NET CURRENT ASSETS (LIABILITIES) 187,083 198,493
TOTAL ASSETS LESS CURRENT LIABILITIES 910,474 930,672
Creditors: Amounts Falling Due After More Than One Year 8 (813,842 ) (878,842 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,136 ) (10,334 )
NET ASSETS 88,496 41,496
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 88,494 41,494
SHAREHOLDERS' FUNDS 88,496 41,496
Page 1
Page 2
For the year ending 31 January 2025 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
Mrs Dianne Smyth
Director
20/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Rural Exchange Ltd Registered number 8865783 is a limited by shares company incorporated in England & Wales. The Registered Office is Highlands, Dawlish Road, Exminster, Devon, EX6 8EA.
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 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:
Freehold No depreciation is provided
Leasehold No depreciation is provided
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2024 474,582 52,108 41,885 50,360
As at 31 January 2025 474,582 52,108 41,885 50,360
Depreciation
As at 1 February 2024 - 43,664 18,324 43,302
Provided during the period - 2,111 4,712 1,411
As at 31 January 2025 - 45,775 23,036 44,713
Net Book Value
As at 31 January 2025 474,582 6,333 18,849 5,647
As at 1 February 2024 474,582 8,444 23,561 7,058
Page 3
Page 4
Computer Equipment Total
£ £
Cost
As at 1 February 2024 7,734 626,669
As at 31 January 2025 7,734 626,669
Depreciation
As at 1 February 2024 5,463 110,753
Provided during the period 554 8,788
As at 31 January 2025 6,017 119,541
Net Book Value
As at 31 January 2025 1,717 507,128
As at 1 February 2024 2,271 515,916
5. Investments
Unlisted
£
Cost
As at 1 February 2024 216,263
As at 31 January 2025 216,263
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 216,263
As at 1 February 2024 216,263
The investment is in 720 ordinary shares representing 6.5% of the issued share capital of an unquoted company which is a managed service provider with a  particular focus on connectivity.One of the directors is responsible for managing this investment.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 40,827 46,827
Park House (Exeter) Ltd 1,686 1,686
Other taxes and social security - 775
42,513 49,288
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) -
Corporation tax 17,621 11,258
Other taxes and social security 358 -
VAT 2,211 300
Accruals and deferred income 182 19
20,371 11,577
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account 813,842 878,842
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 5