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 04457334 Mr Michael Kayes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04457334 2023-06-30 04457334 2024-06-30 04457334 2023-07-01 2024-06-30 04457334 frs-core:CurrentFinancialInstruments 2024-06-30 04457334 frs-core:Non-currentFinancialInstruments 2024-06-30 04457334 frs-core:ComputerEquipment 2024-06-30 04457334 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04457334 frs-core:ComputerEquipment 2023-06-30 04457334 frs-core:FurnitureFittings 2024-06-30 04457334 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04457334 frs-core:FurnitureFittings 2023-06-30 04457334 frs-core:NetGoodwill 2024-06-30 04457334 frs-core:NetGoodwill 2023-07-01 2024-06-30 04457334 frs-core:NetGoodwill 2023-06-30 04457334 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 04457334 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04457334 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 04457334 frs-core:MotorVehicles 2024-06-30 04457334 frs-core:MotorVehicles 2023-07-01 2024-06-30 04457334 frs-core:MotorVehicles 2023-06-30 04457334 frs-core:PlantMachinery 2024-06-30 04457334 frs-core:PlantMachinery 2023-07-01 2024-06-30 04457334 frs-core:PlantMachinery 2023-06-30 04457334 frs-core:ShareCapital 2024-06-30 04457334 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04457334 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04457334 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04457334 frs-bus:SmallEntities 2023-07-01 2024-06-30 04457334 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04457334 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04457334 frs-bus:Director1 2023-07-01 2024-06-30 04457334 frs-core:CurrentFinancialInstruments 1 2024-06-30 04457334 frs-countries:EnglandWales 2023-07-01 2024-06-30 04457334 2022-06-30 04457334 2023-06-30 04457334 2022-07-01 2023-06-30 04457334 frs-core:CurrentFinancialInstruments 2023-06-30 04457334 frs-core:Non-currentFinancialInstruments 2023-06-30 04457334 frs-core:ShareCapital 2023-06-30 04457334 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 04457334 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 04457334
Riddingtons Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Riddingtons Limited for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Riddingtons Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Riddingtons Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Riddingtons Limited and state those matters that we have agreed to state to the director of Riddingtons Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Riddingtons Limited and its director as a body for our work or for this report.
It is your duty to ensure that Riddingtons Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Riddingtons Limited . You consider that Riddingtons Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Riddingtons Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Riddingtons Ltd
11/03/2025
Riddingtons Ltd
The Old Barn
Wood Street
Swanley Village
Kent
BR8 7PA
Page 1
Page 2
Balance Sheet
Registered number: 04457334
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 405,185 402,818
405,185 402,818
CURRENT ASSETS
Stocks 6 12,200 13,250
Debtors 7 557,274 331,067
Cash at bank and in hand 104,505 60,858
673,979 405,175
Creditors: Amounts Falling Due Within One Year 8 (756,702 ) (579,184 )
NET CURRENT ASSETS (LIABILITIES) (82,723 ) (174,009 )
TOTAL ASSETS LESS CURRENT LIABILITIES 322,462 228,809
Creditors: Amounts Falling Due After More Than One Year 9 (9,229 ) (19,173 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,195 ) (9,195 )
NET ASSETS 304,038 200,441
CAPITAL AND RESERVES
Called up share capital 10 110 110
Profit and Loss Account 303,928 200,331
SHAREHOLDERS' FUNDS 304,038 200,441
Page 2
Page 3
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 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 Michael Kayes
Director
11/03/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Riddingtons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04457334 . The registered office is The Old Barn Off Wood Street, Swanley Village, Swanley, Kent, BR8 7PA.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Leasehold 2%
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 25%
2.5. 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.
2.6. 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 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
...CONTINUED
Page 4
Page 5
2.6. Taxation - continued
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.
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: 21 (2023: 21)
21 21
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 410,000
As at 30 June 2024 410,000
Amortisation
As at 1 July 2023 410,000
As at 30 June 2024 410,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 472,628 3,490 21,783 19,903
Additions - - - 4,107
As at 30 June 2024 472,628 3,490 21,783 24,010
Depreciation
As at 1 July 2023 84,783 2,056 21,783 12,080
Provided during the period 7,756 215 - 1,788
As at 30 June 2024 92,539 2,271 21,783 13,868
...CONTINUED
Page 5
Page 6
Net Book Value
As at 30 June 2024 380,089 1,219 - 10,142
As at 1 July 2023 387,845 1,434 - 7,823
Computer Equipment Total
£ £
Cost
As at 1 July 2023 18,304 536,108
Additions 12,691 16,798
As at 30 June 2024 30,995 552,906
Depreciation
As at 1 July 2023 12,588 133,290
Provided during the period 4,672 14,431
As at 30 June 2024 17,260 147,721
Net Book Value
As at 30 June 2024 13,735 405,185
As at 1 July 2023 5,716 402,818
6. Stocks
2024 2023
£ £
Work in progress 12,200 13,250
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 319,079 193,810
Prepayments and accrued income 5,556 4,483
Other debtors - 2,215
Inter Company Account 232,639 130,559
557,274 331,067
Page 6
Page 7
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 203,260 210,876
Bank loans and overdrafts 10,648 10,648
Corporation tax 182,386 20,018
Other taxes and social security 12,185 11,802
VAT 66,311 74,998
Other creditors 27,657 16,004
Intercompany Account 161,182 22,399
Accruals and deferred income 25,000 -
Director's loan account 68,073 212,439
756,702 579,184
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,229 19,173
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
Page 7