Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 30 January 2025 1 January 2024 31 December 2024 31 December 2024 01639356 Mr Thomas Woerner Mr Steven Lawson Mesher Mr Gian-Mario Lutzu Mr Steven Lawson Mesher true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01639356 2023-12-31 01639356 2024-12-31 01639356 2024-01-01 2024-12-31 01639356 frs-core:CurrentFinancialInstruments 2024-12-31 01639356 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 01639356 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 01639356 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01639356 frs-core:MotorVehicles 2024-12-31 01639356 frs-core:MotorVehicles 2024-01-01 2024-12-31 01639356 frs-core:MotorVehicles 2023-12-31 01639356 frs-core:PlantMachinery 2024-12-31 01639356 frs-core:PlantMachinery 2024-01-01 2024-12-31 01639356 frs-core:PlantMachinery 2023-12-31 01639356 frs-core:ShareCapital 2024-12-31 01639356 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01639356 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01639356 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01639356 frs-bus:SmallEntities 2024-01-01 2024-12-31 01639356 frs-bus:Audited 2024-01-01 2024-12-31 01639356 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01639356 1 2024-01-01 2024-12-31 01639356 frs-bus:Director1 2024-01-01 2024-12-31 01639356 frs-bus:Director2 2024-01-01 2024-12-31 01639356 frs-bus:Director3 2024-01-01 2024-12-31 01639356 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01639356 frs-countries:EnglandWales 2024-01-01 2024-12-31 01639356 2022-12-31 01639356 2023-12-31 01639356 2023-01-01 2023-12-31 01639356 frs-core:CurrentFinancialInstruments 2023-12-31 01639356 frs-core:ShareCapital 2023-12-31 01639356 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01639356
REMS (U.K.) Limited
Financial Statements
For The Year Ended 31 December 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01639356
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 172,488 162,387
172,488 162,387
CURRENT ASSETS
Stocks 5 493,098 600,864
Debtors 6 1,114,839 1,171,997
Cash at bank and in hand 236,545 357,332
1,844,482 2,130,193
Creditors: Amounts Falling Due Within One Year 7 (484,168 ) (586,162 )
NET CURRENT ASSETS (LIABILITIES) 1,360,314 1,544,031
TOTAL ASSETS LESS CURRENT LIABILITIES 1,532,802 1,706,418
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,274 ) (14,176 )
NET ASSETS 1,507,528 1,692,242
CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Profit and Loss Account 1,007,528 1,192,242
SHAREHOLDERS' FUNDS 1,507,528 1,692,242
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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 Thomas Woerner
Director
Mr Steven Lawson Mesher
Director
30th January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
REMS (U.K.) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01639356 . The registered office is Unit 5 Ash Industrial Estate, Flex Meadows, Harlow, Essex, CM19 5TJ.
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. 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 Over the period of the lease
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Straight Line
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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 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.
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 asset reflects 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: 15 (2023: 15)
15 15
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2024 28,724 85,551 345,665 459,940
Additions - 15,000 64,213 79,213
Disposals - - (49,160 ) (49,160 )
As at 31 December 2024 28,724 100,551 360,718 489,993
...CONTINUED
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Depreciation
As at 1 January 2024 28,724 71,071 197,758 297,553
Provided during the period - 2,707 66,405 69,112
Disposals - - (49,160 ) (49,160 )
As at 31 December 2024 28,724 73,778 215,003 317,505
Net Book Value
As at 31 December 2024 - 26,773 145,715 172,488
As at 1 January 2024 - 14,480 147,907 162,387
5. Stocks
2024 2023
£ £
Finished goods 493,098 600,864
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 978,126 1,156,558
Other debtors 24,096 15,439
Amounts owed by group undertakings 112,617 -
1,114,839 1,171,997
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,046 78,426
Corporation tax 96,285 73,870
Other taxes and social security 241,010 262,344
Other creditors 117,827 171,522
484,168 586,162
8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Christian Foll und Sohne GmbH & Co KG . Christian Foll und Sohne GmbH & Co KG was incorporated in Germany. Copies of the group accounts may be obtained from the secretary, Stuttgarter Straße 83, D-71332 Waiblingen, Germany. 
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10. Audit Information
The auditor's report on the accounts of REMS (U.K.) Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by M I Umar (Senior Statutory Auditor) for and on behalf of Smith Hannah Limited , Statutory Auditor.
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