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Registered number: 12266144
The Rayman Organisation Ltd
Financial Statements
For The Year Ended 31 October 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12266144
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 23,099 21,799
Tangible Assets 5 177 295
Investment Properties 6 92,580 92,580
115,856 114,674
CURRENT ASSETS
Stocks 7 150,649 120,649
Debtors 8 73,842 -
Cash at bank and in hand 2,307 2,433
226,798 123,082
Creditors: Amounts Falling Due Within One Year 9 (53,451 ) (46,051 )
NET CURRENT ASSETS (LIABILITIES) 173,347 77,031
TOTAL ASSETS LESS CURRENT LIABILITIES 289,203 191,705
NET ASSETS 289,203 191,705
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 289,103 191,605
SHAREHOLDERS' FUNDS 289,203 191,705
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Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Aubin Rabia
Director
31 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Rayman Organisation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12266144 . The registered office is C/O Keith Willis Associates Ltd Gothic House, Barker Gate, Nottingham, NG1 1JU.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are represents website development and this will be amortised once development is complete.
2.4. 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 20% Straight Line
Computer Equipment 20% Straight Line
2.5. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.6. 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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2.7. 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: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 21,799
Additions 1,300
As at 31 October 2024 23,099
Net Book Value
As at 31 October 2024 23,099
As at 1 November 2023 21,799
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 156 433 589
As at 31 October 2024 156 433 589
Depreciation
As at 1 November 2023 94 200 294
Provided during the period 31 87 118
As at 31 October 2024 125 287 412
Net Book Value
As at 31 October 2024 31 146 177
As at 1 November 2023 62 233 295
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6. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 92,580
7. Stocks
2024 2023
£ £
Stock 150,649 120,649
8. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 73,842 -
73,842 -
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,493 7,713
Taxation and social security 50,958 38,338
53,451 46,051
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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