Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10854474 Mr Richard Mulholland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10854474 2023-07-31 10854474 2024-07-31 10854474 2023-08-01 2024-07-31 10854474 frs-core:CurrentFinancialInstruments 2024-07-31 10854474 frs-core:Non-currentFinancialInstruments 2024-07-31 10854474 frs-core:FurnitureFittings 2024-07-31 10854474 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10854474 frs-core:FurnitureFittings 2023-07-31 10854474 frs-core:MotorVehicles 2024-07-31 10854474 frs-core:MotorVehicles 2023-08-01 2024-07-31 10854474 frs-core:MotorVehicles 2023-07-31 10854474 frs-core:PlantMachinery 2024-07-31 10854474 frs-core:PlantMachinery 2023-08-01 2024-07-31 10854474 frs-core:PlantMachinery 2023-07-31 10854474 frs-core:ShareCapital 2024-07-31 10854474 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10854474 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10854474 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10854474 frs-bus:SmallEntities 2023-08-01 2024-07-31 10854474 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10854474 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10854474 frs-bus:Director1 2023-08-01 2024-07-31 10854474 frs-core:CurrentFinancialInstruments 1 2024-07-31 10854474 frs-core:CurrentFinancialInstruments 2 2024-07-31 10854474 frs-countries:EnglandWales 2023-08-01 2024-07-31 10854474 2022-07-31 10854474 2023-07-31 10854474 2022-08-01 2023-07-31 10854474 frs-core:CurrentFinancialInstruments 2023-07-31 10854474 frs-core:Non-currentFinancialInstruments 2023-07-31 10854474 frs-core:ShareCapital 2023-07-31 10854474 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10854474 frs-core:CurrentFinancialInstruments 1 2023-07-31 10854474 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: 10854474
RYK (KENT) LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
Hobbs Thomas & Company LLP
AAT Licensed Accountant 1007942
Orchard House
118 Sweechgate
Broad Oak
Kent
CT2 0QP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10854474
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,163 22,319
33,163 22,319
CURRENT ASSETS
Debtors 5 97,151 48,223
Cash at bank and in hand 212,598 275,221
309,749 323,444
Creditors: Amounts Falling Due Within One Year 6 (73,026 ) (76,833 )
NET CURRENT ASSETS (LIABILITIES) 236,723 246,611
TOTAL ASSETS LESS CURRENT LIABILITIES 269,886 268,930
Creditors: Amounts Falling Due After More Than One Year 7 (20,352 ) (31,009 )
NET ASSETS 249,534 237,921
CAPITAL AND RESERVES
Called up share capital 8 (1 ) (1 )
Profit and Loss Account 249,535 237,922
SHAREHOLDERS' FUNDS 249,534 237,921
For the year ending 31 July 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 Richard Mulholland
Director
28th May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
RYK (KENT) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10854474 . The registered office is Orchard House, 118 Sweechgate, Canterbury, Kent, CT2 0QP.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. 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
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 40,388 29,360 920 70,668
Additions 583 29,795 758 31,136
Disposals - (12,000 ) - (12,000 )
As at 31 July 2024 40,971 47,155 1,678 89,804
Depreciation
As at 1 August 2023 30,684 17,334 331 48,349
Provided during the period 2,058 5,964 270 8,292
As at 31 July 2024 32,742 23,298 601 56,641
Net Book Value
As at 31 July 2024 8,229 23,857 1,077 33,163
As at 1 August 2023 9,704 12,026 589 22,319
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,282 20,085
CIS Suffered 17,097 16,002
Retentions 13,772 12,136
97,151 48,223
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,868 16,643
Corporation tax 61,257 39,963
VAT 4,719 18,932
Accruals and deferred income 4,182 1,295
73,026 76,833
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,352 31,009
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid (1 ) (1 )
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