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 07645072 Mr Robert Petford Mrs Emma Petford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07645072 2023-05-31 07645072 2024-05-31 07645072 2023-06-01 2024-05-31 07645072 frs-core:CurrentFinancialInstruments 2024-05-31 07645072 frs-core:Non-currentFinancialInstruments 2024-05-31 07645072 frs-core:ShareCapital 2024-05-31 07645072 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07645072 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07645072 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07645072 frs-bus:SmallEntities 2023-06-01 2024-05-31 07645072 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07645072 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07645072 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 07645072 frs-bus:OrdinaryShareClass1 2024-05-31 07645072 frs-bus:Director1 2023-06-01 2024-05-31 07645072 frs-bus:Director2 2023-06-01 2024-05-31 07645072 1 2023-06-01 2024-05-31 07645072 2 2023-06-01 2024-05-31 07645072 frs-countries:EnglandWales 2023-06-01 2024-05-31 07645072 2022-05-31 07645072 2023-05-31 07645072 2022-06-01 2023-05-31 07645072 frs-core:CurrentFinancialInstruments 2023-05-31 07645072 frs-core:Non-currentFinancialInstruments 2023-05-31 07645072 frs-core:ShareCapital 2023-05-31 07645072 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 07645072 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31 07645072 1 2022-06-01 2023-05-31 07645072 2 2022-06-01 2023-05-31
Registered number: 07645072
Robertswood Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Paul Monaghan Chartered Accountant
ICAEW
18 Hartshill Close
Uxbridge
Middlesex
UB10 9LH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07645072
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 88,058 -
Debtors 5 342,480 211,855
Cash at bank and in hand 477,088 76,439
907,626 288,294
Creditors: Amounts Falling Due Within One Year 6 (653,376 ) (159,603 )
NET CURRENT ASSETS (LIABILITIES) 254,250 128,691
TOTAL ASSETS LESS CURRENT LIABILITIES 254,250 128,691
Creditors: Amounts Falling Due After More Than One Year 7 (11,808 ) (22,209 )
NET ASSETS 242,442 106,482
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 242,441 106,481
SHAREHOLDERS' FUNDS 242,442 106,482
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 Robert Petford
Director
19 December 2024
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
Robertswood Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07645072 . The registered office is 9 Denham Way, Denham, Uxbridge, UB9 5AX.
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
The turnover shown in the profit and loss account represents revenue earned during the period based on work done for and accepted by clients, excluding VAT.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the tax currently payable.
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 year 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.

2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Director 2 2
Apprentice 2 2
4 4
Page 3
Page 4
4. Stocks
2024 2023
£ £
Work in progress 88,058 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 127,769 48,564
Prepayments and accrued income 161,455 163,291
VAT 53,256 -
342,480 211,855
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 466,989 47,184
Bank loans and overdrafts 10,496 10,162
Corporation tax 113,824 44,903
Other taxes and social security 811 5,141
VAT - 20,611
Accruals and deferred income 60,124 21,733
Directors' loan accounts 1,132 9,869
653,376 159,603
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,808 22,209
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 0.01 each 1 1
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 4
Page 5
2024 2023
£ £
Mrs Emma Petford 60,500 45,600
Mr Robert Petford 60,500 45,600
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 121,000 91,200
Page 5