Acorah Software Products - Accounts Production 16.4.675 false true true false 1 December 2023 30 November 2024 30 November 2024 10456854 Mr Ricky Senior iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10456854 2023-11-30 10456854 2024-11-30 10456854 2023-12-01 2024-11-30 10456854 frs-core:CurrentFinancialInstruments 2024-11-30 10456854 frs-core:ComputerEquipment 2024-11-30 10456854 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10456854 frs-core:ComputerEquipment 2023-11-30 10456854 frs-core:MotorVehicles 2024-11-30 10456854 frs-core:MotorVehicles 2023-12-01 2024-11-30 10456854 frs-core:MotorVehicles 2023-11-30 10456854 frs-core:PlantMachinery 2024-11-30 10456854 frs-core:PlantMachinery 2023-12-01 2024-11-30 10456854 frs-core:PlantMachinery 2023-11-30 10456854 frs-core:WithinOneYear 2024-11-30 10456854 frs-core:ShareCapital 2024-11-30 10456854 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10456854 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10456854 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10456854 frs-bus:SmallEntities 2023-12-01 2024-11-30 10456854 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10456854 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10456854 frs-core:InterestRateRisk 2023-12-01 2024-11-30 10456854 frs-bus:Director1 2023-12-01 2024-11-30 10456854 frs-countries:EnglandWales 2023-12-01 2024-11-30
Registered number: 10456854
Rs Spraytech Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Rachel Bestall Accounts
AAT Licensed Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10456854
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 38,166
38,166
CURRENT ASSETS
Stocks 5 1,000
Debtors 6 12,276
Cash at bank and in hand (3,059 )
10,217
Creditors: Amounts Falling Due Within One Year 7 (42,904 )
NET CURRENT ASSETS (LIABILITIES) (32,687 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,479
NET ASSETS 5,479
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 5,379
SHAREHOLDERS' FUNDS 5,479
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For the year ending 30 November 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 Ricky Senior
Director
28/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rs Spraytech Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10456854 . The registered office is 9 Wharncliffe Court, Carlton, Barnsley, S71 3BY.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 6 Years straight line
Computer Equipment 25% Reducing balance
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2.5. 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.
2.6. 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.
2.7. 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
1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 2,100 42,986 1,990 47,076
Additions 25,385 4,150 - 29,535
As at 30 November 2024 27,485 47,136 1,990 76,611
Depreciation
As at 1 December 2023 1,543 21,307 1,046 23,896
Provided during the period 7,856 6,457 236 14,549
As at 30 November 2024 9,399 27,764 1,282 38,445
Net Book Value
As at 30 November 2024 18,086 19,372 708 38,166
As at 1 December 2023 557 21,679 944 23,180
5. Stocks
2024
£
Stock 1,000
6. Debtors
2024
£
Due within one year
Trade debtors 12,276
7. Creditors: Amounts Falling Due Within One Year
2024
£
Net obligations under finance lease and hire purchase contracts 2,388
Trade creditors 1
Bank loans and overdrafts 16,831
Other creditors 15,517
Taxation and social security 8,167
42,904
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8. Obligations Under Finance Leases and Hire Purchase
2024
£
The future minimum finance lease payments are as follows:
Not later than one year 2,388
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
10. Financial Instruments
The company’s financial instruments primarily comprise cash and cash equivalents, trade receivables, trade payables, a Bounce Back Loan, and a finance lease.
11. Credit Risk
The company’s exposure to credit risk is limited, as the majority of revenue is received in cash or on short credit terms. Credit risk relating to the Bounce Back Loan and lease obligations is minimal, as these are financing activities rather than trade exposures.
12. Liquidity Risk
The company maintains sufficient cash and working capital to meet its short-term obligations. Liquidity risk is managed through regular cash flow forecasting. The repayment schedules for both the Bounce Back Loan and finance lease are fixed and factored into the company’s budgeting.
13. Cash-flow Interest Rate Risk
The company is exposed to minimal interest rate risk. The Bounce Back Loan has a fixed interest rate, and the finance lease is on fixed terms. The company does not use interest rate derivatives or other hedging instruments.
14. Other Income:
Other income being the savings by the fixed rate VAT scheme
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