Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08231565 Mr David Patterson Mr D Patterson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08231565 2023-09-30 08231565 2024-09-30 08231565 2023-10-01 2024-09-30 08231565 frs-core:CurrentFinancialInstruments 2024-09-30 08231565 frs-core:Non-currentFinancialInstruments 2024-09-30 08231565 frs-core:ComputerEquipment 2024-09-30 08231565 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08231565 frs-core:ComputerEquipment 2023-09-30 08231565 frs-core:FurnitureFittings 2024-09-30 08231565 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08231565 frs-core:FurnitureFittings 2023-09-30 08231565 frs-core:MotorVehicles 2024-09-30 08231565 frs-core:MotorVehicles 2023-10-01 2024-09-30 08231565 frs-core:MotorVehicles 2023-09-30 08231565 frs-core:PlantMachinery 2024-09-30 08231565 frs-core:PlantMachinery 2023-10-01 2024-09-30 08231565 frs-core:PlantMachinery 2023-09-30 08231565 frs-core:ShareCapital 2024-09-30 08231565 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08231565 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08231565 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08231565 frs-bus:SmallEntities 2023-10-01 2024-09-30 08231565 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08231565 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08231565 1 2023-10-01 2024-09-30 08231565 frs-bus:Director1 2023-10-01 2024-09-30 08231565 frs-bus:Director1 2023-09-30 08231565 frs-bus:Director1 2024-09-30 08231565 frs-countries:EnglandWales 2023-10-01 2024-09-30 08231565 2022-09-30 08231565 2023-09-30 08231565 2022-10-01 2023-09-30 08231565 frs-core:CurrentFinancialInstruments 2023-09-30 08231565 frs-core:Non-currentFinancialInstruments 2023-09-30 08231565 frs-core:ShareCapital 2023-09-30 08231565 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08231565
Retail Comm Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Revis & Co Accountancy Services Ltd
AAT
1st Floor 50 High Street
Cosham
Portsmouth
Hampshire
PO6 3AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08231565
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,066 4,443
4,066 4,443
CURRENT ASSETS
Debtors 5 76,360 30,564
Cash at bank and in hand 29,855 14,115
106,215 44,679
Creditors: Amounts Falling Due Within One Year 6 (68,426 ) (37,017 )
NET CURRENT ASSETS (LIABILITIES) 37,789 7,662
TOTAL ASSETS LESS CURRENT LIABILITIES 41,855 12,105
Creditors: Amounts Falling Due After More Than One Year 7 (8,050 ) (9,900 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (772 ) (802 )
NET ASSETS 33,033 1,403
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 33,031 1,401
SHAREHOLDERS' FUNDS 33,033 1,403
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For the year ending 30 September 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 David Patterson
Director
29/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Retail Comm Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08231565 . The registered office is 1st Floor , 50 High Street, Cosham, Hampshire, PO6 3AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 471 7,295 261 1,521 9,548
Additions 396 - - 415 811
As at 30 September 2024 867 7,295 261 1,936 10,359
Depreciation
As at 1 October 2023 201 4,432 201 271 5,105
Provided during the period 67 716 9 396 1,188
As at 30 September 2024 268 5,148 210 667 6,293
Net Book Value
As at 30 September 2024 599 2,147 51 1,269 4,066
As at 1 October 2023 270 2,863 60 1,250 4,443
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,937 -
Prepayments and accrued income 377 467
Director's loan account 27,490 30,097
74,804 30,564
Due after more than one year
Corporation tax recoverable assets 1,556 -
76,360 30,564
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,248 3,332
Bank loans and overdrafts 3,600 3,600
Corporation tax 13,386 2,251
Other taxes and social security 291 254
VAT 45,901 25,984
Accruals and deferred income - 1,596
68,426 37,017
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,050 9,900
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr David Patterson 30,097 - 2,607 - 27,490
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Patterson by virtue of his ownership of 100% of the issued share capital in the company.
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