Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11501743 Mr Dion Phipps Mr Craig Roberts Mr Daniel Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11501743 2023-08-31 11501743 2024-08-31 11501743 2023-09-01 2024-08-31 11501743 frs-core:CurrentFinancialInstruments 2024-08-31 11501743 frs-core:Non-currentFinancialInstruments 2024-08-31 11501743 frs-core:BetweenOneFiveYears 2024-08-31 11501743 frs-core:ComputerEquipment 2024-08-31 11501743 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11501743 frs-core:ComputerEquipment 2023-08-31 11501743 frs-core:FurnitureFittings 2024-08-31 11501743 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11501743 frs-core:FurnitureFittings 2023-08-31 11501743 frs-core:MotorVehicles 2024-08-31 11501743 frs-core:MotorVehicles 2023-09-01 2024-08-31 11501743 frs-core:MotorVehicles 2023-08-31 11501743 frs-core:PlantMachinery 2024-08-31 11501743 frs-core:PlantMachinery 2023-09-01 2024-08-31 11501743 frs-core:PlantMachinery 2023-08-31 11501743 frs-core:WithinOneYear 2024-08-31 11501743 frs-core:CapitalRedemptionReserve 2024-08-31 11501743 frs-core:ShareCapital 2024-08-31 11501743 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11501743 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11501743 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11501743 frs-bus:SmallEntities 2023-09-01 2024-08-31 11501743 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11501743 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11501743 frs-bus:Director1 2023-09-01 2024-08-31 11501743 frs-bus:Director2 2023-09-01 2024-08-31 11501743 frs-bus:Director3 2023-09-01 2024-08-31 11501743 frs-countries:EnglandWales 2023-09-01 2024-08-31 11501743 2022-08-31 11501743 2023-08-31 11501743 2022-09-01 2023-08-31 11501743 frs-core:CurrentFinancialInstruments 2023-08-31 11501743 frs-core:Non-currentFinancialInstruments 2023-08-31 11501743 frs-core:BetweenOneFiveYears 2023-08-31 11501743 frs-core:WithinOneYear 2023-08-31 11501743 frs-core:CapitalRedemptionReserve 2023-08-31 11501743 frs-core:ShareCapital 2023-08-31 11501743 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11501743
RELM Group Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Christian Phipps & Co Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11501743
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146,021 91,205
146,021 91,205
CURRENT ASSETS
Stocks 5 581,455 152,963
Debtors 6 443,826 344,009
Cash at bank and in hand 52,837 199,675
1,078,118 696,647
Creditors: Amounts Falling Due Within One Year 7 (1,000,840 ) (551,605 )
NET CURRENT ASSETS (LIABILITIES) 77,278 145,042
TOTAL ASSETS LESS CURRENT LIABILITIES 223,299 236,247
Creditors: Amounts Falling Due After More Than One Year 8 (62,386 ) (98,390 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,299 ) (22,801 )
NET ASSETS 133,614 115,056
CAPITAL AND RESERVES
Called up share capital 10 86 86
Capital redemption reserve 40 40
Profit and Loss Account 133,488 114,930
SHAREHOLDERS' FUNDS 133,614 115,056
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For the year ending 31 August 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 Daniel Roberts
Director
20/03/2025
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
RELM Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11501743 . The registered office is Suite 5a 30 Dean Street, Bangor, Gwynedd, LL57 1UR.
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.
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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on 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.
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 23)
29 23
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 21,543 126,549 753 16,279 165,124
Additions 450 80,229 1,871 8,725 91,275
Disposals - (167 ) - - (167 )
As at 31 August 2024 21,993 206,611 2,624 25,004 256,232
Depreciation
As at 1 September 2023 7,573 55,941 214 10,191 73,919
Provided during the period 2,265 29,823 315 4,539 36,942
Disposals - (650 ) - - (650 )
As at 31 August 2024 9,838 85,114 529 14,730 110,211
Net Book Value
As at 31 August 2024 12,155 121,497 2,095 10,274 146,021
As at 1 September 2023 13,970 70,608 539 6,088 91,205
5. Stocks
2024 2023
£ £
Finished goods 5,500 7,500
Work in progress 575,955 145,463
581,455 152,963
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 440,323 321,113
Other debtors 3,503 22,896
443,826 344,009
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,049 15,049
Trade creditors 348,888 206,817
Bank loans and overdrafts 10,616 48,708
Other creditors 366,879 61,677
Taxation and social security 259,408 219,354
1,000,840 551,605
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,636 19,640
Bank loans 57,750 78,750
62,386 98,390
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,049 15,049
Later than one year and not later than five years 4,636 19,640
19,685 34,689
19,685 34,689
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 86 86
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