Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 09582660 Mr Edward James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09582660 2024-05-31 09582660 2025-05-31 09582660 2024-06-01 2025-05-31 09582660 frs-core:CurrentFinancialInstruments 2025-05-31 09582660 frs-core:ComputerEquipment 2025-05-31 09582660 frs-core:ComputerEquipment 2024-06-01 2025-05-31 09582660 frs-core:ComputerEquipment 2024-05-31 09582660 frs-core:FurnitureFittings 2025-05-31 09582660 frs-core:FurnitureFittings 2024-06-01 2025-05-31 09582660 frs-core:FurnitureFittings 2024-05-31 09582660 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 09582660 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09582660 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 09582660 frs-bus:SmallEntities 2024-06-01 2025-05-31 09582660 frs-bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 09582660 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 09582660 frs-bus:Director1 2024-06-01 2025-05-31 09582660 frs-core:CurrentFinancialInstruments 2 2025-05-31 09582660 frs-countries:EnglandWales 2024-06-01 2025-05-31 09582660 2023-05-31 09582660 2024-05-31 09582660 2023-06-01 2024-05-31 09582660 frs-core:CurrentFinancialInstruments 2024-05-31 09582660 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09582660 frs-core:CurrentFinancialInstruments 2 2024-05-31
Registered number: 09582660
RCQ Associates Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of RCQ Associates Limited for the year ended 31 May 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RCQ Associates Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of RCQ Associates Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of RCQ Associates Limited and state those matters that we have agreed to state to the director of RCQ Associates Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RCQ Associates Limited and its director as a body for our work or for this report.
It is your duty to ensure that RCQ Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of RCQ Associates Limited . You consider that RCQ Associates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RCQ Associates Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
25 June 2025
Affinity Associates (Richmond) Limited
Accountants and Statutory Auditors
151 Sheen Lane
East Sheen
London
SW14 8LR
Page 1
Page 2
Balance Sheet
Registered number: 09582660
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,087 15,177
10,087 15,177
CURRENT ASSETS
Debtors 5 276,597 191,782
Cash at bank and in hand 761,462 204,517
1,038,059 396,299
Creditors: Amounts Falling Due Within One Year 6 (233,817 ) (43,412 )
NET CURRENT ASSETS (LIABILITIES) 804,242 352,887
TOTAL ASSETS LESS CURRENT LIABILITIES 814,329 368,064
NET ASSETS 814,329 368,064
Profit and Loss Account 814,329 368,064
SHAREHOLDERS' FUNDS 814,329 368,064
For the year ending 31 May 2025 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 Edward James
Director
25 June 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
RCQ Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09582660 . The registered office is 12 Kingsway, London, SW14 7HS.
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. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
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.
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:
Fixtures & Fittings 25% SLM
Computer Equipment 25% SLM
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
Page 3
Page 4
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,
other short-term highly liquid investments that mature in no more than three months from the date of acquisition and
are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 9)
8 9
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2024 13,728 17,880 31,608
Additions - 1,832 1,832
As at 31 May 2025 13,728 19,712 33,440
Depreciation
As at 1 June 2024 6,834 9,597 16,431
Provided during the period 3,054 3,868 6,922
As at 31 May 2025 9,888 13,465 23,353
Net Book Value
As at 31 May 2025 3,840 6,247 10,087
As at 1 June 2024 6,894 8,283 15,177
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 276,597 191,782
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,806 1,866
Corporation tax 188,452 22,632
Paye control account 252 -
VAT control account 31,324 11,686
Pension control account 1,064 2,094
Director's loan account 6,919 5,134
233,817 43,412
7. Share Capital
2025 2024
£ £
Page 5