Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10836047 Mr Andrew Frost Mrs Michelle Frost iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10836047 2023-06-30 10836047 2024-06-30 10836047 2023-07-01 2024-06-30 10836047 frs-core:CurrentFinancialInstruments 2024-06-30 10836047 frs-core:Non-currentFinancialInstruments 2024-06-30 10836047 frs-core:ComputerEquipment 2024-06-30 10836047 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10836047 frs-core:ComputerEquipment 2023-06-30 10836047 frs-core:FurnitureFittings 2024-06-30 10836047 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10836047 frs-core:FurnitureFittings 2023-06-30 10836047 frs-core:MotorVehicles 2024-06-30 10836047 frs-core:MotorVehicles 2023-07-01 2024-06-30 10836047 frs-core:MotorVehicles 2023-06-30 10836047 frs-core:ShareCapital 2024-06-30 10836047 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10836047 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10836047 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10836047 frs-bus:SmallEntities 2023-07-01 2024-06-30 10836047 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10836047 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10836047 frs-bus:Director1 2023-07-01 2024-06-30 10836047 frs-bus:Director1 2023-06-30 10836047 frs-bus:Director1 2024-06-30 10836047 frs-bus:Director2 2023-07-01 2024-06-30 10836047 frs-bus:Director2 2023-06-30 10836047 frs-bus:Director2 2024-06-30 10836047 frs-countries:EnglandWales 2023-07-01 2024-06-30 10836047 2022-06-30 10836047 2023-06-30 10836047 2022-07-01 2023-06-30 10836047 frs-core:CurrentFinancialInstruments 2023-06-30 10836047 frs-core:Non-currentFinancialInstruments 2023-06-30 10836047 frs-core:ShareCapital 2023-06-30 10836047 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10836047
FROST RAIL SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10836047
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,806 1,875
1,806 1,875
CURRENT ASSETS
Debtors 5 10,684 12,304
Cash at bank and in hand 51,444 55,525
62,128 67,829
Creditors: Amounts Falling Due Within One Year 6 (47,854 ) (50,346 )
NET CURRENT ASSETS (LIABILITIES) 14,274 17,483
TOTAL ASSETS LESS CURRENT LIABILITIES 16,080 19,358
Creditors: Amounts Falling Due After More Than One Year 7 (16,077 ) (19,355 )
NET ASSETS 3 3
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1 1
SHAREHOLDERS' FUNDS 3 3
Page 1
Page 2
For the year ending 30 June 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
Mrs Michelle Frost
Director
13th February 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
FROST RAIL SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10836047 . The registered office is 56 Harvey Lane, Golborne, Warrington, WA3 3RS.
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.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 3,293 376 1,368 5,037
Additions - - 612 612
As at 30 June 2024 3,293 376 1,980 5,649
Depreciation
As at 1 July 2023 1,903 56 1,203 3,162
Provided during the period 347 48 286 681
As at 30 June 2024 2,250 104 1,489 3,843
Net Book Value
As at 30 June 2024 1,043 272 491 1,806
As at 1 July 2023 1,390 320 165 1,875
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,726 7,886
Directors' loan accounts 6,958 4,418
10,684 12,304
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,754 18,754
Bank loans and overdrafts 3,849 3,962
Corporation tax 18,005 21,658
VAT 7,246 5,972
47,854 50,346
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,077 19,355
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Andrew Frost 2,209 1,270 - - 3,479
Mrs Michelle Frost 2,209 1,270 - - 3,479
The above loan is unsecured, interest free and repayable on demand.
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