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Registered number: 12823688
Rjl Trading Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Bowes Brooks Accountants
The Design Studio
Woodmead Road
Axminster
Devon
EX13 5PQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12823688
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 306 624
Tangible Assets 5 546 926
852 1,550
CURRENT ASSETS
Stocks 6 150 500
Debtors 7 8,214 9,312
Cash at bank and in hand 324 781
8,688 10,593
Creditors: Amounts Falling Due Within One Year 8 (9,278 ) (11,845 )
NET CURRENT ASSETS (LIABILITIES) (590 ) (1,252 )
TOTAL ASSETS LESS CURRENT LIABILITIES 262 298
NET ASSETS 262 298
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 162 198
SHAREHOLDERS' FUNDS 262 298
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 her 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
Mrs Rebecca Lippett
Director
02/06/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rjl Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12823688 . The registered office is Unit 5 Uplyme Business Park, Uplyme Road, Lyme Regis, Dorset , DT7 3LS.
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 include the business website. It is amortised by 20% on a straight-line basis.
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%SL
Computer Equipment 20%SL
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. 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 1,559
As at 31 October 2024 1,559
Amortisation
As at 1 November 2023 935
Provided during the period 318
As at 31 October 2024 1,253
Net Book Value
As at 31 October 2024 306
As at 1 November 2023 624
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 169 1,728 1,897
As at 31 October 2024 169 1,728 1,897
...CONTINUED
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Depreciation
As at 1 November 2023 101 870 971
Provided during the period 34 346 380
As at 31 October 2024 135 1,216 1,351
Net Book Value
As at 31 October 2024 34 512 546
As at 1 November 2023 68 858 926
6. Stocks
2024 2023
£ £
Finished goods 150 500
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 8,214 8,932
Due after more than one year
Amounts owed by group undertakings - 380
8,214 9,312
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 147 116
Amounts owed to group undertakings 813 600
Other creditors 7,506 10,111
Taxation and social security 812 1,018
9,278 11,845
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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