Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12141799 Miss Emily Darlington Mr Gavin Hales iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12141799 2023-08-31 12141799 2024-08-31 12141799 2023-09-01 2024-08-31 12141799 frs-core:Non-currentFinancialInstruments 2024-08-31 12141799 frs-core:ComputerEquipment 2024-08-31 12141799 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12141799 frs-core:ComputerEquipment 2023-08-31 12141799 frs-core:FurnitureFittings 2024-08-31 12141799 frs-core:FurnitureFittings 2023-09-01 2024-08-31 12141799 frs-core:FurnitureFittings 2023-08-31 12141799 frs-core:MotorVehicles 2024-08-31 12141799 frs-core:MotorVehicles 2023-09-01 2024-08-31 12141799 frs-core:MotorVehicles 2023-08-31 12141799 frs-core:PlantMachinery 2024-08-31 12141799 frs-core:PlantMachinery 2023-09-01 2024-08-31 12141799 frs-core:PlantMachinery 2023-08-31 12141799 frs-core:ShareCapital 2024-08-31 12141799 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12141799 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12141799 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12141799 frs-bus:SmallEntities 2023-09-01 2024-08-31 12141799 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12141799 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12141799 frs-bus:Director1 2023-09-01 2024-08-31 12141799 frs-bus:Director1 2023-08-31 12141799 frs-bus:Director1 2024-08-31 12141799 frs-bus:Director2 2023-09-01 2024-08-31 12141799 frs-bus:Director2 2023-08-31 12141799 frs-bus:Director2 2024-08-31 12141799 frs-countries:EnglandWales 2023-09-01 2024-08-31 12141799 2022-08-31 12141799 2023-08-31 12141799 2022-09-01 2023-08-31 12141799 frs-core:Non-currentFinancialInstruments 2023-08-31 12141799 frs-core:ShareCapital 2023-08-31 12141799 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12141799
Ratioproduction Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12141799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,239 14,219
7,239 14,219
CURRENT ASSETS
Debtors 26,508 55,328
Cash at bank and in hand 4,631 231
31,139 55,559
Creditors: Amounts Falling Due Within One Year (31,310 ) (40,106 )
NET CURRENT ASSETS (LIABILITIES) (171 ) 15,453
TOTAL ASSETS LESS CURRENT LIABILITIES 7,068 29,672
Creditors: Amounts Falling Due After More Than One Year (6,903 ) (10,732 )
NET ASSETS 165 18,940
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 163 18,938
SHAREHOLDERS' FUNDS 165 18,940
For the year ending 31 August 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
Mr Gavin Hales
Director
20/05/2025
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
Ratioproduction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12141799 . The registered office is Unit H, Bowen Industrial Estate, Aberbargoed, Bargoed, CF81 9EP.
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 33% Straight line
Motor Vehicles 20% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 33% Straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
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Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 51,112 11,700 543 15,083 78,438
Additions 22,382 - - 3,361 25,743
As at 31 August 2024 73,494 11,700 543 18,444 104,181
Depreciation
As at 1 September 2023 46,753 7,520 362 9,584 64,219
Provided during the period 24,253 2,340 136 5,994 32,723
As at 31 August 2024 71,006 9,860 498 15,578 96,942
Net Book Value
As at 31 August 2024 2,488 1,840 45 2,866 7,239
As at 1 September 2023 4,359 4,180 181 5,499 14,219
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Miss Emily Darlington 14,599 5,896 8,872 - 11,623
Mr Gavin Hales 6,520 3,504 8,872 - 1,152
The above loans are repayable and bear interest at 3.75%.
Page 3