Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07832792 Mr J A Parris Mr B Parris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07832792 2023-11-30 07832792 2024-11-30 07832792 2023-12-01 2024-11-30 07832792 frs-core:CurrentFinancialInstruments 2024-11-30 07832792 frs-core:Non-currentFinancialInstruments 2024-11-30 07832792 frs-core:FurnitureFittings 2024-11-30 07832792 frs-core:FurnitureFittings 2023-12-01 2024-11-30 07832792 frs-core:FurnitureFittings 2023-11-30 07832792 frs-core:MotorVehicles 2024-11-30 07832792 frs-core:MotorVehicles 2023-12-01 2024-11-30 07832792 frs-core:MotorVehicles 2023-11-30 07832792 frs-core:PlantMachinery 2024-11-30 07832792 frs-core:PlantMachinery 2023-12-01 2024-11-30 07832792 frs-core:PlantMachinery 2023-11-30 07832792 frs-core:WithinOneYear 2024-11-30 07832792 frs-core:ShareCapital 2024-11-30 07832792 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07832792 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07832792 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07832792 frs-bus:SmallEntities 2023-12-01 2024-11-30 07832792 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07832792 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07832792 frs-bus:Director1 2023-12-01 2024-11-30 07832792 frs-bus:Director1 2023-11-30 07832792 frs-bus:Director1 2024-11-30 07832792 frs-bus:Director2 2023-12-01 2024-11-30 07832792 frs-bus:Director2 2023-11-30 07832792 frs-bus:Director2 2024-11-30 07832792 frs-countries:EnglandWales 2023-12-01 2024-11-30 07832792 2022-11-30 07832792 2023-11-30 07832792 2022-12-01 2023-11-30 07832792 frs-core:CurrentFinancialInstruments 2023-11-30 07832792 frs-core:Non-currentFinancialInstruments 2023-11-30 07832792 frs-core:BetweenOneFiveYears 2023-11-30 07832792 frs-core:WithinOneYear 2023-11-30 07832792 frs-core:ShareCapital 2023-11-30 07832792 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 07832792
Remas HDG Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07832792
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 177,293 163,763
177,293 163,763
CURRENT ASSETS
Stocks 5 25,000 20,000
Debtors 6 272,097 135,152
Cash at bank and in hand 9,091 65,937
306,188 221,089
Creditors: Amounts Falling Due Within One Year 7 (288,594 ) (216,757 )
NET CURRENT ASSETS (LIABILITIES) 17,594 4,332
TOTAL ASSETS LESS CURRENT LIABILITIES 194,887 168,095
Creditors: Amounts Falling Due After More Than One Year 8 - (8,798 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,323 ) (40,941 )
NET ASSETS 150,564 118,356
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 150,464 118,256
SHAREHOLDERS' FUNDS 150,564 118,356
Page 1
Page 2
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 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 J A Parris
Director
26th August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Remas HDG Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07832792 . The registered office is Unit 3.5 Kirpal Road, Portsmouth, Hampshire, PO3 6FH.
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 20% reducing balance
Motor Vehicles 25% redicing balance
Fixtures & Fittings 25% 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.
Page 3
Page 4
2.5. 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.
2.6. 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.
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 as follows: 9 (2023: 9)
9 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 241,339 37,995 38,473 317,807
Additions 42,942 - 18,459 61,401
As at 30 November 2024 284,281 37,995 56,932 379,208
Depreciation
As at 1 December 2023 115,903 16,082 22,059 154,044
Provided during the period 33,675 5,478 8,718 47,871
As at 30 November 2024 149,578 21,560 30,777 201,915
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 November 2024 134,703 16,435 26,155 177,293
As at 1 December 2023 125,436 21,913 16,414 163,763
5. Stocks
2024 2023
£ £
Stock 25,000 20,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 110,962 66,897
Other debtors 121,741 68,255
232,703 135,152
Due after more than one year
Other debtors 39,394 -
272,097 135,152
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 962 4,799
Other creditors 130,995 122,480
Taxation and social security 156,637 89,478
288,594 216,757
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 8,798
Page 5
Page 6
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 962 4,799
Later than one year and not later than five years - 8,798
962 13,597
962 13,597
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Julian Parris 7,000 - 7,000 - -
Mr Brett Parris 57,714 147,354 88,344 - 116,724
The Company charges interest on an overdrawn director's loan account at a rate of 2.25% p.a. Interest charged for the year was £2,568. The loans are unsecured and repayable on demand.
12. Related Party Transactions
Included within creditors is an amount of £128,000 (2023 : £119,000) owed to Antel Ltd which is a 50% subsidiary of Remas HDG Ltd.  This loan is interest free and repayable on demand.  During the period, dividends of £58,000 were waived by Antel Ltd. The director Mr J Parris is the controlling party of Antel Ltd.
Page 6