Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 08372294 Mr Jim Tagg Mr Steve Edmonds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08372294 2024-01-31 08372294 2025-01-31 08372294 2024-02-01 2025-01-31 08372294 frs-core:CurrentFinancialInstruments 2025-01-31 08372294 frs-core:Non-currentFinancialInstruments 2025-01-31 08372294 frs-core:BetweenOneFiveYears 2025-01-31 08372294 frs-core:ComputerEquipment 2025-01-31 08372294 frs-core:ComputerEquipment 2024-02-01 2025-01-31 08372294 frs-core:ComputerEquipment 2024-01-31 08372294 frs-core:FurnitureFittings 2025-01-31 08372294 frs-core:FurnitureFittings 2024-02-01 2025-01-31 08372294 frs-core:FurnitureFittings 2024-01-31 08372294 frs-core:MotorVehicles 2025-01-31 08372294 frs-core:MotorVehicles 2024-02-01 2025-01-31 08372294 frs-core:MotorVehicles 2024-01-31 08372294 frs-core:PlantMachinery 2025-01-31 08372294 frs-core:PlantMachinery 2024-02-01 2025-01-31 08372294 frs-core:PlantMachinery 2024-01-31 08372294 frs-core:WithinOneYear 2025-01-31 08372294 frs-core:ShareCapital 2025-01-31 08372294 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 08372294 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08372294 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 08372294 frs-bus:SmallEntities 2024-02-01 2025-01-31 08372294 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 08372294 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 08372294 frs-bus:Director1 2024-02-01 2025-01-31 08372294 frs-bus:Director2 2024-02-01 2025-01-31 08372294 frs-core:CurrentFinancialInstruments 1 2025-01-31 08372294 frs-countries:EnglandWales 2024-02-01 2025-01-31 08372294 2023-01-31 08372294 2024-01-31 08372294 2023-02-01 2024-01-31 08372294 frs-core:CurrentFinancialInstruments 2024-01-31 08372294 frs-core:Non-currentFinancialInstruments 2024-01-31 08372294 frs-core:BetweenOneFiveYears 2024-01-31 08372294 frs-core:WithinOneYear 2024-01-31 08372294 frs-core:ShareCapital 2024-01-31 08372294 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08372294 frs-core:CurrentFinancialInstruments 1 2024-01-31 08372294 frs-core:CurrentFinancialInstruments 2 2024-01-31
Registered number: 08372294
Redhammer Demolition Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
RED 76 Tax
ICAEW - Chartered Accountants
20-22 Venture West
Greenham Business Park
Newbury
Berkshire
RG19 6HX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08372294
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 371,024 484,106
371,024 484,106
CURRENT ASSETS
Debtors 5 708,526 993,092
Cash at bank and in hand 276,869 3,008
985,395 996,100
Creditors: Amounts Falling Due Within One Year 6 (386,536 ) (375,666 )
NET CURRENT ASSETS (LIABILITIES) 598,859 620,434
TOTAL ASSETS LESS CURRENT LIABILITIES 969,883 1,104,540
Creditors: Amounts Falling Due After More Than One Year 7 (211,013 ) (437,343 )
NET ASSETS 758,870 667,197
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 758,770 667,097
SHAREHOLDERS' FUNDS 758,870 667,197
Page 1
Page 2
For the year ending 31 January 2025 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 Jim Tagg
Director
23/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redhammer Demolition Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08372294 . The registered office is Albany House, Shute End, Wokingham, Berkshire, RG40 1BJ.
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 33% Straight line
Fixtures & Fittings 33% Straight line
Computer Equipment 33% Straight line
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.
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 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.
...CONTINUED
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2.5. Taxation - continued
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: 12 (2024: 12)
12 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 1,402,836 295,367 37,876 11,694 1,747,773
Additions 805 12,000 - - 12,805
As at 31 January 2025 1,403,641 307,367 37,876 11,694 1,760,578
Depreciation
As at 1 February 2024 1,041,090 182,529 28,354 11,694 1,263,667
Provided during the period 90,638 32,846 2,403 - 125,887
As at 31 January 2025 1,131,728 215,375 30,757 11,694 1,389,554
Net Book Value
As at 31 January 2025 271,913 91,992 7,119 - 371,024
As at 1 February 2024 361,746 112,838 9,522 - 484,106
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 550,667 852,774
Other debtors 1,542 7,933
Other debtors (1) 5,807 -
Corporation tax recoverable assets 29,912 29,912
VAT 18,125 -
Directors' loan accounts 102,473 102,473
708,526 993,092
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 114,570 124,695
Trade creditors 171,337 90,297
Bank loans and overdrafts 99,029 60,876
Other taxes and social security - 70,677
VAT - 10,401
CIS Liability - 18,720
Accruals and deferred income 1,600 -
386,536 375,666
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 93,690 209,936
Bank loans 117,323 227,407
211,013 437,343
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 114,570 124,695
Later than one year and not later than five years 93,690 209,936
208,260 334,631
Less: Finance charges allocated to future periods - -
208,260 334,631
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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