Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 NI061733 Mrs Oranuch Quinn Mr Ryan Quinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI061733 2023-11-30 NI061733 2024-11-30 NI061733 2023-12-01 2024-11-30 NI061733 frs-core:CurrentFinancialInstruments 2024-11-30 NI061733 frs-core:Non-currentFinancialInstruments 2024-11-30 NI061733 frs-core:FurnitureFittings 2024-11-30 NI061733 frs-core:FurnitureFittings 2023-12-01 2024-11-30 NI061733 frs-core:FurnitureFittings 2023-11-30 NI061733 frs-core:MotorVehicles 2024-11-30 NI061733 frs-core:MotorVehicles 2023-12-01 2024-11-30 NI061733 frs-core:MotorVehicles 2023-11-30 NI061733 frs-core:PlantMachinery 2024-11-30 NI061733 frs-core:PlantMachinery 2023-12-01 2024-11-30 NI061733 frs-core:PlantMachinery 2023-11-30 NI061733 frs-core:ShareCapital 2024-11-30 NI061733 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 NI061733 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI061733 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 NI061733 frs-bus:SmallEntities 2023-12-01 2024-11-30 NI061733 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 NI061733 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI061733 frs-bus:Director1 2023-12-01 2024-11-30 NI061733 frs-bus:Director2 2023-12-01 2024-11-30 NI061733 frs-countries:NorthernIreland 2023-12-01 2024-11-30 NI061733 2022-11-30 NI061733 2023-11-30 NI061733 2022-12-01 2023-11-30 NI061733 frs-core:CurrentFinancialInstruments 2023-11-30 NI061733 frs-core:Non-currentFinancialInstruments 2023-11-30 NI061733 frs-core:ShareCapital 2023-11-30 NI061733 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: NI061733
Ream Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI061733
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,584 82,104
95,584 82,104
CURRENT ASSETS
Debtors 5 111,953 101,689
Cash at bank and in hand 23,346 72,955
135,299 174,644
Creditors: Amounts Falling Due Within One Year 6 (107,492 ) (135,095 )
NET CURRENT ASSETS (LIABILITIES) 27,807 39,549
TOTAL ASSETS LESS CURRENT LIABILITIES 123,391 121,653
Creditors: Amounts Falling Due After More Than One Year 7 (8,196 ) (16,769 )
NET ASSETS 115,195 104,884
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 115,193 104,882
SHAREHOLDERS' FUNDS 115,195 104,884
Page 1
Page 2
For the year ending 30 November 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
Mrs Oranuch Quinn
Director
28/02/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ream Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI061733 . The registered office is Unit 12 Carrowreagh Business Park, , Carrowreagh Road, Dundonald, Belfast, BT16 1QQ.
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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 25% Reducing Balance & 5% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 229,664 62,940 3,447 296,051
Additions 2,063 43,329 2,252 47,644
Disposals - (62,940 ) - (62,940 )
As at 30 November 2024 231,727 43,329 5,699 280,755
Depreciation
As at 1 December 2023 174,864 39,007 76 213,947
Provided during the period 8,632 5,749 857 15,238
Disposals - (44,014 ) - (44,014 )
As at 30 November 2024 183,496 742 933 185,171
Net Book Value
As at 30 November 2024 48,231 42,587 4,766 95,584
As at 1 December 2023 54,800 23,933 3,371 82,104
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 80,109 69,029
Other debtors 31,844 32,660
111,953 101,689
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72,400 96,979
Bank loans and overdrafts 9,214 9,854
Other creditors 2,980 2,185
Taxation and social security 22,898 26,077
107,492 135,095
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,196 16,769
Page 4