Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05372668 Mr Rex Goldsmith Mrs Emma Goldsmith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05372668 2023-12-31 05372668 2024-12-31 05372668 2024-01-01 2024-12-31 05372668 frs-core:CurrentFinancialInstruments 2024-12-31 05372668 frs-core:Non-currentFinancialInstruments 2024-12-31 05372668 frs-core:ComputerEquipment 2024-12-31 05372668 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05372668 frs-core:ComputerEquipment 2023-12-31 05372668 frs-core:FurnitureFittings 2024-12-31 05372668 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05372668 frs-core:FurnitureFittings 2023-12-31 05372668 frs-core:NetGoodwill 2024-12-31 05372668 frs-core:NetGoodwill 2024-01-01 2024-12-31 05372668 frs-core:NetGoodwill 2023-12-31 05372668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 05372668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05372668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 05372668 frs-core:MotorVehicles 2024-12-31 05372668 frs-core:MotorVehicles 2024-01-01 2024-12-31 05372668 frs-core:MotorVehicles 2023-12-31 05372668 frs-core:PlantMachinery 2024-12-31 05372668 frs-core:PlantMachinery 2024-01-01 2024-12-31 05372668 frs-core:PlantMachinery 2023-12-31 05372668 frs-core:ShareCapital 2024-12-31 05372668 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05372668 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05372668 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05372668 frs-bus:SmallEntities 2024-01-01 2024-12-31 05372668 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05372668 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05372668 frs-core:UnlistedNon-exchangeTraded 2024-12-31 05372668 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05372668 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05372668 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05372668 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 05372668 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05372668 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05372668 frs-bus:Director1 2024-01-01 2024-12-31 05372668 frs-bus:Director2 2024-01-01 2024-12-31 05372668 frs-countries:EnglandWales 2024-01-01 2024-12-31 05372668 2022-12-31 05372668 2023-12-31 05372668 2023-01-01 2023-12-31 05372668 frs-core:CurrentFinancialInstruments 2023-12-31 05372668 frs-core:Non-currentFinancialInstruments 2023-12-31 05372668 frs-core:ShareCapital 2023-12-31 05372668 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05372668
Rex Goldsmith Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Landsborough Accounting Services Ltd
Abbots Cottage
Abbots Way
Guildford
GU1 2XP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 05372668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 25,000
Tangible Assets 5 216,038 228,327
Investments 6 30,000 -
246,038 253,327
CURRENT ASSETS
Debtors 7 10,381 61,643
Cash at bank and in hand 1,519,351 1,262,167
1,529,732 1,323,810
Creditors: Amounts Falling Due Within One Year 8 (273,553 ) (73,399 )
NET CURRENT ASSETS (LIABILITIES) 1,256,179 1,250,411
TOTAL ASSETS LESS CURRENT LIABILITIES 1,502,217 1,503,738
Creditors: Amounts Falling Due After More Than One Year 9 - (25,000 )
NET ASSETS 1,502,217 1,478,738
CAPITAL AND RESERVES
Called up share capital 10 150 150
Profit and Loss Account 1,502,067 1,478,588
SHAREHOLDERS' FUNDS 1,502,217 1,478,738
For the year ending 31 December 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 Rex Goldsmith
Director
Mrs Emma Goldsmith
Director
06/08/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rex Goldsmith Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05372668 . The registered office is 12 Cale Street, Chelsea, London, SW3 3QU.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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:
Leasehold 10% Reducing balance
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
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.
Page 2
Page 3
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 5 5
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 25,000
Revaluations (25,000 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 25,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 259,369 15,627 42,148 75,343
Additions - - - 4,044
As at 31 December 2024 259,369 15,627 42,148 79,387
Depreciation
As at 1 January 2024 53,762 13,524 40,477 58,402
Provided during the period 10,280 526 418 4,235
As at 31 December 2024 64,042 14,050 40,895 62,637
Net Book Value
As at 31 December 2024 195,327 1,577 1,253 16,750
As at 1 January 2024 205,607 2,103 1,671 16,941
Page 3
Page 4
Computer Equipment Total
£ £
Cost
As at 1 January 2024 7,383 399,870
Additions 851 4,895
As at 31 December 2024 8,234 404,765
Depreciation
As at 1 January 2024 5,378 171,543
Provided during the period 1,725 17,184
As at 31 December 2024 7,103 188,727
Net Book Value
As at 31 December 2024 1,131 216,038
As at 1 January 2024 2,005 228,327
6. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 -
Additions 30,000
As at 31 December 2024 30,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 30,000
As at 1 January 2024 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,082 -
VAT 5,299 6,643
10,381 6,643
Due after more than one year
Amounts owed by other participating interests - 55,000
10,381 61,643
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 1
Corporation tax 31,261 62,538
Unpaid PAYE Tax 5,817 5,776
Net wages 1,600 -
Other creditors 7,000 -
Accruals and deferred income 2,875 2,590
Directors' loan accounts 223,121 2,494
Unpaid Credit Card 1,880 -
273,553 73,399
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Government grants after one year - 25,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
Page 5