Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12271020 Mr Antony Rodd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12271020 2023-10-31 12271020 2024-10-31 12271020 2023-11-01 2024-10-31 12271020 frs-core:CurrentFinancialInstruments 2024-10-31 12271020 frs-core:Non-currentFinancialInstruments 2024-10-31 12271020 frs-core:BetweenOneFiveYears 2024-10-31 12271020 frs-core:FurnitureFittings 2024-10-31 12271020 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12271020 frs-core:FurnitureFittings 2023-10-31 12271020 frs-core:MotorVehicles 2024-10-31 12271020 frs-core:MotorVehicles 2023-11-01 2024-10-31 12271020 frs-core:MotorVehicles 2023-10-31 12271020 frs-core:PlantMachinery 2024-10-31 12271020 frs-core:PlantMachinery 2023-11-01 2024-10-31 12271020 frs-core:PlantMachinery 2023-10-31 12271020 frs-core:ShareCapital 2024-10-31 12271020 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12271020 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12271020 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12271020 frs-bus:SmallEntities 2023-11-01 2024-10-31 12271020 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12271020 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12271020 frs-bus:Director1 2023-11-01 2024-10-31 12271020 frs-countries:EnglandWales 2023-11-01 2024-10-31 12271020 2022-10-31 12271020 2023-10-31 12271020 2022-11-01 2023-10-31 12271020 frs-core:CurrentFinancialInstruments 2023-10-31 12271020 frs-core:Non-currentFinancialInstruments 2023-10-31 12271020 frs-core:BetweenOneFiveYears 2023-10-31 12271020 frs-core:ShareCapital 2023-10-31 12271020 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12271020
Redwood Salvage Ltd
Financial Statements
For The Year Ended 31 October 2024
Trek Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12271020
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,566 48,470
40,566 48,470
CURRENT ASSETS
Cash at bank and in hand 1 1
1 1
Creditors: Amounts Falling Due Within One Year 5 (21,903 ) (23,322 )
NET CURRENT ASSETS (LIABILITIES) (21,902 ) (23,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,664 25,149
Creditors: Amounts Falling Due After More Than One Year 6 (72,515 ) (72,514 )
NET LIABILITIES (53,851 ) (47,365 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (53,951 ) (47,465 )
SHAREHOLDERS' FUNDS (53,851) (47,365)
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 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 Antony Rodd
Director
25th July 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
Redwood Salvage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12271020 . The registered office is 14 & 15 Southernhay West, Exeter , EX1 1PL.
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 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures & Fittings 18% Reducing Balance
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 the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 - 15,000 85,129 100,129
Additions 1,000 - - 1,000
As at 31 October 2024 1,000 15,000 85,129 101,129
Depreciation
As at 1 November 2023 - 9,327 42,332 51,659
Provided during the period 180 1,021 7,703 8,904
As at 31 October 2024 180 10,348 50,035 60,563
Net Book Value
As at 31 October 2024 820 4,652 35,094 40,566
As at 1 November 2023 - 5,673 42,797 48,470
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,440 720
Director's loan account 20,463 22,602
21,903 23,322
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,900 25,900
Bank loans 46,615 46,614
72,515 72,514
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 25,900 25,900
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3