Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 3 February 2025 1 January 2024 31 December 2024 31 December 2024 01334065 Mrs S J Corby Mr R C Ashley-Davies Mr D Ashley-Davies Mrs E Verity Mr R P Stemp Mr P J Savill Mrs S J Corby Mr D Ashley-Davies false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01334065 2023-12-31 01334065 2024-12-31 01334065 2024-01-01 2024-12-31 01334065 frs-core:CurrentFinancialInstruments 2024-12-31 01334065 frs-core:ComputerEquipment 2024-12-31 01334065 frs-core:ComputerEquipment 2024-01-01 2024-12-31 01334065 frs-core:ComputerEquipment 2023-12-31 01334065 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 01334065 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 01334065 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 01334065 frs-core:FurnitureFittings 2024-12-31 01334065 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01334065 frs-core:FurnitureFittings 2023-12-31 01334065 frs-core:OtherResidualIntangibleAssets 2024-12-31 01334065 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 01334065 frs-core:OtherResidualIntangibleAssets 2023-12-31 01334065 frs-core:ShareCapital 2024-12-31 01334065 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01334065 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01334065 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01334065 frs-bus:SmallEntities 2024-01-01 2024-12-31 01334065 frs-bus:Audited 2024-01-01 2024-12-31 01334065 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01334065 1 2024-01-01 2024-12-31 01334065 frs-bus:Director1 2024-01-01 2024-12-31 01334065 frs-bus:Director2 2024-01-01 2024-12-31 01334065 frs-bus:Director3 2024-01-01 2024-12-31 01334065 frs-bus:Director4 2024-01-01 2024-12-31 01334065 frs-bus:Director5 2024-01-01 2024-12-31 01334065 frs-bus:Director6 2024-01-01 2024-12-31 01334065 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01334065 frs-countries:EnglandWales 2024-01-01 2024-12-31 01334065 2022-12-31 01334065 2023-12-31 01334065 2023-01-01 2023-12-31 01334065 frs-core:CurrentFinancialInstruments 2023-12-31 01334065 frs-core:ShareCapital 2023-12-31 01334065 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01334065
Risk Assurance Management Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 01334065
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,763 18,486
Tangible Assets 5 256 113
12,019 18,599
CURRENT ASSETS
Debtors 6 738,093 328,233
Cash at bank and in hand 1,390,426 4,883,156
2,128,519 5,211,389
Creditors: Amounts Falling Due Within One Year 7 (1,353,675 ) (4,436,082 )
NET CURRENT ASSETS (LIABILITIES) 774,844 775,307
TOTAL ASSETS LESS CURRENT LIABILITIES 786,863 793,906
NET ASSETS 786,863 793,906
CAPITAL AND RESERVES
Called up share capital 8 34,250 34,250
Profit and Loss Account 752,613 759,656
SHAREHOLDERS' FUNDS 786,863 793,906
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 D Ashley-Davies
Director
3 February 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Risk Assurance Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01334065 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these
financial statements.
2.3. Turnover
Turnover is measured at the fair value of of commission received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is recognised when the premium has been received.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life of fifteen years.
Software is being amortised evenly over its estimated useful life of six years.
2.5. 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:
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred Tax 
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Page 2
Page 3
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 January 2024 - 175,135 175,135
Additions 5,094 - 5,094
As at 31 December 2024 5,094 175,135 180,229
Amortisation
As at 1 January 2024 - 156,649 156,649
Provided during the period 142 11,675 11,817
As at 31 December 2024 142 168,324 168,466
Net Book Value
As at 31 December 2024 4,952 6,811 11,763
As at 1 January 2024 - 18,486 18,486
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 49,102 45,461 94,563
Additions 231 - 231
Disposals (242 ) - (242 )
As at 31 December 2024 49,091 45,461 94,552
Depreciation
As at 1 January 2024 49,102 45,348 94,450
Provided during the period 57 31 88
Disposals (242 ) - (242 )
As at 31 December 2024 48,917 45,379 94,296
Net Book Value
As at 31 December 2024 174 82 256
As at 1 January 2024 - 113 113
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 640,138 251,828
Other debtors 97,955 76,405
738,093 328,233
Cash at bank and in hand
Cash at bank and in hand includes client monies of £472,650 (2023: £4,395,704) which is held in Lloyds client account and £830,987 (2023: £nil) which is held in Shepherds client account. 
A corresponding creditor of £1,303,637 (2023: £4,395,704) for client balances is included in other creditors.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,258 1,263
Other creditors 1,326,140 4,410,952
Taxation and social security 26,277 23,867
1,353,675 4,436,082
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 34,250 34,250
9. Controlling Party
The company's controlling party is Mr D Ashley-Davies by virtue of his ownership of the majority of the issued share capital in the company.
10. Leasing Agreements
Minimum lease payments under non-cancellable operating leases fall due as follows: 
2024
2023
£
£
Within one year
49,665
49,665
Between one and five years
99,330
image
148,995
image
148,995
image
198,660
image
Page 4
Page 5
11. Audit Information
The auditor's report on the accounts of Risk Assurance Management Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by K S Wood (Senior Statutory Auditor) for and on behalf of JWR Audit Limited , Statutory Auditor.
JWR Audit Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ
Page 5