Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 March 2024 31 March 2024 11060125 Emma Crossley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11060125 2023-12-31 11060125 2024-03-31 11060125 2024-01-01 2024-03-31 11060125 frs-core:CurrentFinancialInstruments 2024-03-31 11060125 frs-core:Non-currentFinancialInstruments 2024-03-31 11060125 frs-core:FurnitureFittings 2024-03-31 11060125 frs-core:FurnitureFittings 2024-01-01 2024-03-31 11060125 frs-core:FurnitureFittings 2023-12-31 11060125 frs-core:PlantMachinery 2024-01-01 2024-03-31 11060125 frs-core:ShareCapital 2024-03-31 11060125 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11060125 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-03-31 11060125 frs-bus:FilletedAccounts 2024-01-01 2024-03-31 11060125 frs-bus:SmallEntities 2024-01-01 2024-03-31 11060125 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-03-31 11060125 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-03-31 11060125 frs-bus:Director1 2024-01-01 2024-03-31 11060125 frs-countries:EnglandWales 2024-01-01 2024-03-31 11060125 2022-12-31 11060125 2023-12-31 11060125 2023-01-01 2023-12-31 11060125 frs-core:CurrentFinancialInstruments 2023-12-31 11060125 frs-core:Non-currentFinancialInstruments 2023-12-31 11060125 frs-core:ShareCapital 2023-12-31 11060125 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11060125
REM Fabricate London Limited
Unaudited Financial Statements
For the Period 1 January 2024 to 31 March 2024
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Director Emma Crossley
Company Number 11060125
Registered Office 33 Nicholas Way
Northwood
HA6 2TR
Accountants Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Page 1
Page 2
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended statement of financial position as at period ended 31 March 2024 as set out in the accounts from REM Fabricate London Limited 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 accaglobal.
This report is made solely to the Board of Directors of REM Fabricate London Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors REM Fabricate London Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants pertaining audit exempt companies. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than REM Fabricate London Limited and its Board of Directors as a body for our work or for this report. It is the Directors duty to ensure that REM Fabricate London 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 of REM Fabricate London Limited . You consider that REM Fabricate London Limited is exempt from the statutory audit requirement for the year.
Without performing an audit or detailed verification work our procedures consisted of comparing the accounts with the accounting records kept by REM Fabricate London Limited , and making such limited enquiries of the officers of REM Fabricate London Limited as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
In our opinion the Accounts are in agreement with the accounting records kept by REM Fabricate London Limited Limited under the Companies Act 2006 and generally accepted accounting principles. Having regard only to, and on the basis of, the information contained in those accounting records, the Accounts have been drawn up in a manner consistent with the accounting requirements specified in the Companies Act 2006; and the Financial Reporting Standard 102 Section 1A - Small Entities and the company satisfied the conditions for exemption from an audit of the accounts for the year specified in 476 of the Act and did not at any time within that year, fall within any of the categories of companies not entitled to the exemption.
Signed
23rd March 2025
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Page 2
Page 3
Statement of Financial Position
Registered number: 11060125
31 March 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
1 1
CURRENT ASSETS
Debtors 5 - 1,932
- 1,932
Creditors: Amounts Falling Due Within One Year 6 (50,127 ) (46,512 )
NET CURRENT ASSETS (LIABILITIES) (50,127 ) (44,580 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,126 ) (44,579 )
Creditors: Amounts Falling Due After More Than One Year 7 (16,741 ) (19,272 )
NET LIABILITIES (66,867 ) (63,851 )
CAPITAL AND RESERVES
Called up share capital 9 30 30
Income Statement (66,897 ) (63,881 )
SHAREHOLDERS' FUNDS (66,867) (63,851)
Page 3
Page 4
For the period ending 31 March 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 her 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 Income Statement.
On behalf of the board
Emma Crossley
Director
23rd March 2025
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
REM Fabricate London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11060125 . The registered office is 33 Nicholas Way, Northwood, HA6 2TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate on the basis that the company ceased to trade.
2.3. 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.
2.4. 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:
Plant & Machinery Five and eight years on cost
Furniture, Fixtures & Equipment Three and five years on cost
Page 5
Page 6
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. 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.
2.6. Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in
the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured
at amortised cost using the effective interest method, less provision for impairment. A
provision for the impairment of trade debtors is established when there is objective evidence
that the company will not be able to collect all amounts due according to the original terms of
the receivables.
2.7. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the
ordinary course of business from suppliers. Accounts payable are classified as current liabilities
if the company does not have an unconditional right, at the end of the reporting period, to
defer settlement of the creditor for at least twelve months after the reporting date. If there is
an unconditional right to defer settlement for at least twelve months after the reporting date,
they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at
amortised cost using the effective interest method.

Page 6
Page 7
2.8. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference
between the proceeds, net of transaction costs, and the amount due on redemption being
recognised as a charge to the Profit and Loss Account over the period of the relevant
borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in
interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to
defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 2)
1 2
4. Tangible Assets
Furniture, Fixtures & Equipment
£
Cost
As at 1 January 2024 4,110
As at 31 March 2024 4,110
Depreciation
As at 1 January 2024 4,109
As at 31 March 2024 4,109
Net Book Value
As at 31 March 2024 1
As at 1 January 2024 1
5. Debtors
31 March 2024 31 December 2023
£ £
Due within one year
Trade debtors - 621
Prepayments and accrued income - 529
Other debtors - 782
- 1,932
Page 7
Page 8
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2023
£ £
Trade creditors - 2,489
Bank loans and overdrafts 24,404 14,773
Corporation tax 15,847 16,823
Other taxes and social security 7,802 8,548
Other creditors 378 2,872
Accruals 1,174 910
Director's loan account 522 97
50,127 46,512
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 December 2023
£ £
Bank loans 16,741 19,272
8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
9. Share Capital
31 March 2024 31 December 2023
£ £
Allotted, Called up and fully paid 30 30
10. Related Party Transactions
At the Balance Sheet date the Director was owed the sum of £522 (£97 - 2023) such monies advanced to the company on an interest free basis.
Page 8