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 08069380 Mr R Edge Miss A Dyson Edge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08069380 2023-05-31 08069380 2024-05-31 08069380 2023-06-01 2024-05-31 08069380 frs-core:CurrentFinancialInstruments 2024-05-31 08069380 frs-core:FurnitureFittings 2024-05-31 08069380 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08069380 frs-core:FurnitureFittings 2023-05-31 08069380 frs-core:PlantMachinery 2023-06-01 2024-05-31 08069380 frs-core:ShareCapital 2024-05-31 08069380 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08069380 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08069380 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08069380 frs-bus:SmallEntities 2023-06-01 2024-05-31 08069380 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08069380 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08069380 frs-bus:Director1 2023-06-01 2024-05-31 08069380 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 08069380 frs-countries:EnglandWales 2023-06-01 2024-05-31 08069380 2022-05-31 08069380 2023-05-31 08069380 2022-06-01 2023-05-31 08069380 frs-core:CurrentFinancialInstruments 2023-05-31 08069380 frs-core:ShareCapital 2023-05-31 08069380 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08069380
R. Edge Ltd
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08069380
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,782 7,431
8,782 7,431
CURRENT ASSETS
Stocks 5 12,435 11,409
Debtors 6 153 2,141
Cash at bank and in hand 21,257 45,668
33,845 59,218
Creditors: Amounts Falling Due Within One Year 7 (6,292 ) (15,647 )
NET CURRENT ASSETS (LIABILITIES) 27,553 43,571
TOTAL ASSETS LESS CURRENT LIABILITIES 36,335 51,002
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,669 ) (1,412 )
NET ASSETS 34,666 49,590
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 34,566 49,490
SHAREHOLDERS' FUNDS 34,666 49,590
Page 1
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 R Edge
Director
24 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R. Edge Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08069380 . The registered office is Alexandra Hotel, 203 Siddals Road, Derby, DE1 2QE.
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
2.4. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2023 30,449
Additions 3,286
As at 31 May 2024 33,735
Depreciation
As at 1 June 2023 23,018
Provided during the period 1,935
As at 31 May 2024 24,953
Net Book Value
As at 31 May 2024 8,782
As at 1 June 2023 7,431
5. Stocks
2024 2023
£ £
Stock 12,435 11,409
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 2,013
Other debtors - 17
Corporation tax recoverable assets 153 -
Director's loan account - 111
153 2,141
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,317 9,143
Corporation tax 12 2,882
Other taxes and social security 52 111
VAT 3,574 3,511
Other creditors 337 -
6,292 15,647
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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