Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 true No description of principal activity 1 January 2024 31 December 2024 31 December 2024 10258502 Lowrie Grewal Trevor Hirst Rachael Murphy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10258502 2023-12-31 10258502 2024-12-31 10258502 2024-01-01 2024-12-31 10258502 frs-core:CurrentFinancialInstruments 2024-12-31 10258502 frs-core:Non-currentFinancialInstruments 2024-12-31 10258502 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10258502 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 10258502 frs-bus:FullAccounts 2024-01-01 2024-12-31 10258502 frs-bus:SmallEntities 2024-01-01 2024-12-31 10258502 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10258502 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10258502 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 10258502 frs-bus:Director1 2024-01-01 2024-12-31 10258502 frs-bus:Director1 2024-12-31 10258502 frs-bus:Director2 2024-01-01 2024-12-31 10258502 frs-bus:Director3 2024-01-01 2024-12-31 10258502 frs-bus:Director4 2024-01-01 2024-12-31 10258502 frs-bus:Director4 2024-12-31 10258502 frs-countries:EnglandWales 2024-01-01 2024-12-31 10258502 2022-12-31 10258502 2023-12-31 10258502 2023-01-01 2023-12-31 10258502 frs-core:CurrentFinancialInstruments 2023-12-31 10258502 frs-core:Non-currentFinancialInstruments 2023-12-31 10258502 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10258502
The REME Trading Company Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Income and Expenditure Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors Lowrie Grewal
Trevor Hirst
Rachael Murphy
Company Number 10258502
Registered Office Corps Secretariat, Rhq REME
The Prince Philip Barracks
Lyneham
Chippenham
SN15 4XX
Accountants Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:
Lowrie Grewal
Trevor Hirst Appointed 01/02/2024
Rachael Murphy
Daniel Scott Resigned 25/01/2025
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Trevor Hirst
Director
14/05/2025
Page 2
Page 3
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of The REME Trading Company Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The REME Trading Company Limited for the year ended 31 December 2024 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of The REME Trading Company Limited , as a body, in accordance with the terms of our engagement letter dated 04 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of The REME Trading Company Limited and state those matters that we have agreed to state to the directors of The REME Trading Company Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The REME Trading Company Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that The REME Trading Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The REME Trading Company Limited . You consider that The REME Trading Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of The REME Trading Company Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Robert Wilson FCA
14/05/2025
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
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Income and Expenditure Account
2024 2023
Notes £ £
TURNOVER 226,798 204,639
Cost of sales (145,643 ) (117,549 )
GROSS SURPLUS 81,155 87,090
Administrative expenses (90,240 ) (127,110 )
Other operating income - 40,000
OPERATING DEFICIT (9,085 ) (20 )
Interest payable and similar charges (630 ) -
DEFICIT FOR THE FINANCIAL YEAR (9,715 ) (20 )
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 5 75,495 74,384
Debtors 6 5,100 177
Cash at bank and in hand 16,226 10,246
96,821 84,807
Creditors: Amounts Falling Due Within One Year 7 (5,593 ) (43,864 )
NET CURRENT ASSETS (LIABILITIES) 91,228 40,943
TOTAL ASSETS LESS CURRENT LIABILITIES 91,228 40,943
Creditors: Amounts Falling Due After More Than One Year 8 (60,000 ) -
NET ASSETS 31,228 40,943
Income and Expenditure Account 31,228 40,943
MEMBERS' FUNDS 31,228 40,943
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For the year ending 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Trevor Hirst
Director
14/05/2025
The notes on pages 7 to 9 form part of these financial statements.
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Page 7
Notes to the Financial Statements
1. General Information
The REME Trading Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 10258502 . The registered office is Corps Secretariat, Rhq REME, The Prince Philip Barracks, Lyneham, Chippenham, SN15 4XX.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tax on Surplus
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 19.0% 19.0% - -
2024 2023
£ £
Profit before tax (9,715) (20)
...CONTINUED
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Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate) (1,846 ) 7,629
Expenses not deductible for tax purposes - 4
Tax losses unutilised carried forward 1,846 -
Tax incentives - (7,633 )
Total tax charge for the period - -
5. Stocks
2024 2023
£ £
Stock 75,495 74,384
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 177
Amounts owed by group undertakings 5,100 -
5,100 177
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 3,245 6,423
Other creditors 8 8
Accruals and deferred income 2,340 2,220
Amounts owed to parent undertaking - 35,213
5,593 43,864
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to parent undertaking 60,000 -
9. Related Party Transactions
Controlling Party
The company's ultimate parent undertaking and controlling party is The REME Charity, a registered charity (number: 1165868) and company limited by guarantee (number: 10036700). A copy of the consolidated financial statements is available from the Charity Commission. Transactions between the charity and company have not been disclosed as the company is a wholly owned subsidiary of the charity.
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10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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