Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09170875 Mr Lee Collard Mr Stephen Haydock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09170875 2023-03-31 09170875 2024-03-31 09170875 2023-04-01 2024-03-31 09170875 frs-core:CurrentFinancialInstruments 2024-03-31 09170875 frs-core:Non-currentFinancialInstruments 2024-03-31 09170875 frs-core:BetweenOneFiveYears 2024-03-31 09170875 frs-core:FurnitureFittings 2024-03-31 09170875 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09170875 frs-core:FurnitureFittings 2023-03-31 09170875 frs-core:MotorVehicles 2024-03-31 09170875 frs-core:MotorVehicles 2023-04-01 2024-03-31 09170875 frs-core:MotorVehicles 2023-03-31 09170875 frs-core:WithinOneYear 2024-03-31 09170875 frs-core:ShareCapital 2024-03-31 09170875 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09170875 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09170875 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09170875 frs-bus:SmallEntities 2023-04-01 2024-03-31 09170875 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09170875 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09170875 frs-bus:Director1 2023-04-01 2024-03-31 09170875 frs-bus:Director2 2023-04-01 2024-03-31 09170875 frs-core:CurrentFinancialInstruments 2 2024-03-31 09170875 frs-countries:EnglandWales 2023-04-01 2024-03-31 09170875 2022-03-31 09170875 2023-03-31 09170875 2022-04-01 2023-03-31 09170875 frs-core:CurrentFinancialInstruments 2023-03-31 09170875 frs-core:Non-currentFinancialInstruments 2023-03-31 09170875 frs-core:BetweenOneFiveYears 2023-03-31 09170875 frs-core:WithinOneYear 2023-03-31 09170875 frs-core:ShareCapital 2023-03-31 09170875 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09170875 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 09170875
Red Rose Travel (Lancashire) Ltd
Financial Statements
For The Year Ended 31 March 2024
Simple Accounting NW Ltd
4-4a Blackburn Road
Accrington
BB5 1HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09170875
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,442,700 1,365,268
1,442,700 1,365,268
CURRENT ASSETS
Debtors 5 615,520 495,903
Cash at bank and in hand 16,657 42,163
632,177 538,066
Creditors: Amounts Falling Due Within One Year 6 (430,875 ) (390,065 )
NET CURRENT ASSETS (LIABILITIES) 201,302 148,001
TOTAL ASSETS LESS CURRENT LIABILITIES 1,644,002 1,513,269
Creditors: Amounts Falling Due After More Than One Year 7 (202,309 ) (336,692 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (25,000 ) -
NET ASSETS 1,416,693 1,176,577
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 1,416,683 1,176,567
SHAREHOLDERS' FUNDS 1,416,693 1,176,577
Page 1
Page 2
For the year 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 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 Lee Collard
Director
25 March 2025
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
Red Rose Travel (Lancashire) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09170875 . The registered office is Unit 1 - F West End Business Park, Oswaldtwistle, Accrington, BB5 4WE.
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.
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:
Motor Vehicles 10% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 1,912,768 189,553 2,102,321
Additions 237,732 - 237,732
As at 31 March 2024 2,150,500 189,553 2,340,053
Depreciation
As at 1 April 2023 665,099 71,954 737,053
Provided during the period 148,540 11,760 160,300
As at 31 March 2024 813,639 83,714 897,353
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 1,336,861 105,839 1,442,700
As at 1 April 2023 1,247,669 117,599 1,365,268
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 154,235 101,987
Prepayments and accrued income 9,826 3,690
Other debtors 350,419 365,339
Factored debts outstanding 81,166 23,020
VAT 19,874 -
Other taxes and social security - 1,867
615,520 495,903
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 185,207 184,396
Trade creditors 41,887 42,187
Bank loans and overdrafts 10,000 10,000
Corporation tax 16,624 30,032
Other taxes and social security 21,754 -
VAT - 3,532
Other Creditors - Deposit 19,993 6,255
Accruals and deferred income 1,560 1,550
Directors' loan accounts 133,850 112,113
430,875 390,065
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 189,754 314,702
Bounce Back Loan > 1 year 12,555 21,990
202,309 336,692
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 185,207 184,396
Later than one year and not later than five years 189,754 314,702
374,961 499,098
374,961 499,098
Page 4
Page 5
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 25,000 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5