Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 01757870 Mr R T Appleton Mr N Swindin Mr N Swindin A8MT Holdings Limited, incorporated in England true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01757870 2023-09-30 01757870 2024-09-30 01757870 2023-10-01 2024-09-30 01757870 frs-core:CurrentFinancialInstruments 2024-09-30 01757870 frs-core:Non-currentFinancialInstruments 2024-09-30 01757870 frs-core:ComputerEquipment 2024-09-30 01757870 frs-core:ComputerEquipment 2023-10-01 2024-09-30 01757870 frs-core:ComputerEquipment 2023-09-30 01757870 frs-core:WithinOneYear 2024-09-30 01757870 frs-core:ShareCapital 2024-09-30 01757870 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01757870 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01757870 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 01757870 frs-bus:SmallEntities 2023-10-01 2024-09-30 01757870 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01757870 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01757870 1 2023-10-01 2024-09-30 01757870 frs-bus:Director1 2023-10-01 2024-09-30 01757870 frs-bus:Director2 2023-10-01 2024-09-30 01757870 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 01757870 frs-countries:EnglandWales 2023-10-01 2024-09-30 01757870 2022-09-30 01757870 2023-09-30 01757870 2022-10-01 2023-09-30 01757870 frs-core:CurrentFinancialInstruments 2023-09-30 01757870 frs-core:Non-currentFinancialInstruments 2023-09-30 01757870 frs-core:BetweenOneFiveYears 2023-09-30 01757870 frs-core:WithinOneYear 2023-09-30 01757870 frs-core:ShareCapital 2023-09-30 01757870 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 01757870
Ridings Reprographics Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Saul Fairholm Limited
Chartered Accountants
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01757870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 731 3,393
731 3,393
CURRENT ASSETS
Stocks 5 259,777 286,985
Debtors 6 105,779 225,635
Cash at bank and in hand - 107
365,556 512,727
Creditors: Amounts Falling Due Within One Year 7 (293,970 ) (436,772 )
NET CURRENT ASSETS (LIABILITIES) 71,586 75,955
TOTAL ASSETS LESS CURRENT LIABILITIES 72,317 79,348
Creditors: Amounts Falling Due After More Than One Year 8 (7,348 ) (17,423 )
NET ASSETS 64,969 61,925
CAPITAL AND RESERVES
Called up share capital 9 48,000 48,000
Profit and Loss Account 16,969 13,925
SHAREHOLDERS' FUNDS 64,969 61,925
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For the year ending 30 September 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.
The financial statements were approved by the board of directors for Ridings Reprographics Limited (Company No: 01757870) on 10 April 2025 and were signed on its behalf by:
Mr N Swindin
Director
10/04/2025
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
Ridings Reprographics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01757870 . The registered office is Unit 15 Halifax Court, Fernwood Business Park, Cross Lane, Newark, NG24 3JP.
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.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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:
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
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.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Trade debtors and Trade creditors
Trade 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.
Trade 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.
2.9. Cash and borrowings
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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.
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2.10. Share capital and dividends
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 3,567
As at 30 September 2024 3,567
Depreciation
As at 1 October 2023 174
Provided during the period 2,662
As at 30 September 2024 2,836
Net Book Value
As at 30 September 2024 731
As at 1 October 2023 3,393
5. Stocks
2024 2023
£ £
Stock 259,777 286,985
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 100,049 95,500
Amounts owed by group undertakings - 126,069
Other debtors 5,730 4,066
105,779 225,635
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 55,636 79,304
Bank loans and overdrafts 99,682 13,462
Amounts owed to group undertakings 37,833 255,370
Other creditors 36,155 35,276
Taxation and social security 64,664 53,360
293,970 436,772
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,348 17,423
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 48,000 48,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 34,266 42,469
Later than one year and not later than five years - 34,266
34,266 76,735
The above operating lease commitments exist over leased vehicles.
11. Related Party Transactions
Summary of transactions with other related parties
Active8 Managed Technologies Limited
This company is 100% owned by the parent company, A8MT Holdings Limited. At the balance sheet date the amount due to Active8 Managed Technologies Limited was 37,833, (2023: £129,301).
12. Ultimate Controlling Party
The company's ultimate controlling party is A8MT Holdings Limited, incorporated in England by virtue of its ownership of 100% of the issued share capital in the company. 
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