Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 24 April 2025 1 January 2024 31 December 2024 31 December 2024 01432594 Mr R J White Mr W Schumann Dr W Schumann Altvaterstrase 58-64, 82538 Geretsrued, Germany false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01432594 2023-12-31 01432594 2024-12-31 01432594 2024-01-01 2024-12-31 01432594 frs-core:CurrentFinancialInstruments 2024-12-31 01432594 frs-core:Non-currentFinancialInstruments 2024-12-31 01432594 frs-core:BetweenOneFiveYears 2024-12-31 01432594 frs-core:FurnitureFittings 2024-12-31 01432594 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01432594 frs-core:FurnitureFittings 2023-12-31 01432594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 01432594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01432594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01432594 frs-core:PlantMachinery 2024-12-31 01432594 frs-core:PlantMachinery 2024-01-01 2024-12-31 01432594 frs-core:PlantMachinery 2023-12-31 01432594 frs-core:WithinOneYear 2024-12-31 01432594 frs-core:ShareCapital 2024-12-31 01432594 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01432594 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01432594 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01432594 frs-bus:SmallEntities 2024-01-01 2024-12-31 01432594 frs-bus:Audited 2024-01-01 2024-12-31 01432594 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01432594 1 2024-01-01 2024-12-31 01432594 frs-bus:Director1 2024-01-01 2024-12-31 01432594 frs-bus:Director2 2024-01-01 2024-12-31 01432594 frs-countries:EnglandWales 2024-01-01 2024-12-31 01432594 2022-12-31 01432594 2023-12-31 01432594 2023-01-01 2023-12-31 01432594 frs-core:CurrentFinancialInstruments 2023-12-31 01432594 frs-core:Non-currentFinancialInstruments 2023-12-31 01432594 frs-core:BetweenOneFiveYears 2023-12-31 01432594 frs-core:WithinOneYear 2023-12-31 01432594 frs-core:ShareCapital 2023-12-31 01432594 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01432594
Rudolf Chemicals Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01432594
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 216,934 227,702
216,934 227,702
CURRENT ASSETS
Stocks 5 416,330 571,273
Debtors 6 480,041 435,775
Cash at bank and in hand 902,816 402,655
1,799,187 1,409,703
Creditors: Amounts Falling Due Within One Year 7 (668,288 ) (164,878 )
NET CURRENT ASSETS (LIABILITIES) 1,130,899 1,244,825
TOTAL ASSETS LESS CURRENT LIABILITIES 1,347,833 1,472,527
Creditors: Amounts Falling Due After More Than One Year 8 (7,580 ) (11,370 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,011 ) (15,519 )
NET ASSETS 1,325,242 1,445,638
CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Profit and Loss Account 1,225,242 1,345,638
SHAREHOLDERS' FUNDS 1,325,242 1,445,638
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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 R J White
Director
Mr W Schumann
Director
24 April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rudolf Chemicals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01432594 . The registered office is Keys Road, Alfreton Trading Estate, Alfreton, Derbyshire, DE55 7FQ.
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:
Freehold 2% straight line
Plant & Machinery 20% straight line
Fixtures & Fittings 10% - 33.3% straight line
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 406,122 54,251 61,825 522,198
Additions - 1,990 999 2,989
As at 31 December 2024 406,122 56,241 62,824 525,187
Depreciation
As at 1 January 2024 199,910 33,305 61,281 294,496
Provided during the period 8,123 5,436 198 13,757
As at 31 December 2024 208,033 38,741 61,479 308,253
Net Book Value
As at 31 December 2024 198,089 17,500 1,345 216,934
As at 1 January 2024 206,212 20,946 544 227,702
5. Stocks
2024 2023
£ £
Stock 416,330 571,273
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 437,784 409,980
Prepayments and accrued income 41,350 25,795
Corporation tax recoverable assets 907 -
480,041 435,775
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,790 3,790
Trade creditors 54,480 58,758
Corporation tax - 9,721
Other taxes and social security 6,057 5,012
VAT 30,693 24,012
Accruals and deferred income 326,538 47,723
Amounts owed to group undertakings 246,730 15,862
668,288 164,878
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,580 11,370
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,790 3,790
Later than one year and not later than five years 7,580 11,370
11,370 15,160
11,370 15,160
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
11. Capital Commitments
2024 2023
£ £
At the end of the period 24,938 32,697
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
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12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is I B Industriechemie – Beteiligungs GmbH . I B Industriechemie – Beteiligungs GmbH was incorporated in Germany. Copies of the group accounts may be obtained from the secretary, Altvaterstrase 58-64, 82538 Geretsrued, Germany . The controlling party is Dr W Schumann who controls 95% of the shares of Rudolf Chemicals Limited .
14. Audit Information
The auditor's report on the accounts of Rudolf Chemicals Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Mr Daniel Johnson FCCA (Senior Statutory Auditor) for and on behalf of Nuvo Audit Limited , Statutory Auditor.
Nuvo Audit Limited
7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX
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