Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07818329 Mr Stephen Rabbitt Mrs Charlotte Rabbitt Mr David Helm Mrs Louise Helm iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07818329 2024-03-31 07818329 2025-03-31 07818329 2024-04-01 2025-03-31 07818329 frs-core:CurrentFinancialInstruments 2025-03-31 07818329 frs-core:BetweenOneFiveYears 2025-03-31 07818329 frs-core:FurnitureFittings 2025-03-31 07818329 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07818329 frs-core:FurnitureFittings 2024-03-31 07818329 frs-core:PlantMachinery 2025-03-31 07818329 frs-core:PlantMachinery 2024-04-01 2025-03-31 07818329 frs-core:PlantMachinery 2024-03-31 07818329 frs-core:WithinOneYear 2025-03-31 07818329 frs-core:SharePremium 2025-03-31 07818329 frs-core:ShareCapital 2025-03-31 07818329 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07818329 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07818329 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07818329 frs-bus:SmallEntities 2024-04-01 2025-03-31 07818329 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07818329 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07818329 frs-bus:Director1 2024-04-01 2025-03-31 07818329 frs-bus:Director2 2024-04-01 2025-03-31 07818329 frs-bus:Director3 2024-04-01 2025-03-31 07818329 frs-bus:Director4 2024-04-01 2025-03-31 07818329 frs-countries:EnglandWales 2024-04-01 2025-03-31 07818329 2023-03-31 07818329 2024-03-31 07818329 2023-04-01 2024-03-31 07818329 frs-core:CurrentFinancialInstruments 2024-03-31 07818329 frs-core:BetweenOneFiveYears 2024-03-31 07818329 frs-core:WithinOneYear 2024-03-31 07818329 frs-core:SharePremium 2024-03-31 07818329 frs-core:ShareCapital 2024-03-31 07818329 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07818329
Rabb-IT (IT) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07818329
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,805 39,630
41,805 39,630
CURRENT ASSETS
Stocks 15,644 2,859
Debtors 5 873,237 438,085
Cash at bank and in hand 766,272 864,096
1,655,153 1,305,040
Creditors: Amounts Falling Due Within One Year 6 (937,675 ) (560,995 )
NET CURRENT ASSETS (LIABILITIES) 717,478 744,045
TOTAL ASSETS LESS CURRENT LIABILITIES 759,283 783,675
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,490 ) (13,946 )
NET ASSETS 744,793 769,729
CAPITAL AND RESERVES
Called up share capital 7 200 200
Share premium account 49,940 49,940
Income Statement 694,653 719,589
SHAREHOLDERS' FUNDS 744,793 769,729
Page 1
Page 2
For the year ending 31 March 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 Income Statement.
On behalf of the board
Mr Stephen Rabbitt
Director
26 August 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
Rabb-IT (IT) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07818329 . The registered office is Ground Floor Unit 4, The Scribbling House, Holly Park Mills, Woodhall Road, Calverley, West Yorkshire, LS28 5QS.
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
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
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:
Plant & Machinery 25% on cost
Fixtures & Fittings 33% on cost
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 year 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 asset reflects 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 23 (2024: 24)
23 24
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 81,515 14,643 96,158
Additions 9,822 7,259 17,081
As at 31 March 2025 91,337 21,902 113,239
Depreciation
As at 1 April 2024 48,765 7,763 56,528
Provided during the period 9,663 5,243 14,906
As at 31 March 2025 58,428 13,006 71,434
Net Book Value
As at 31 March 2025 32,909 8,896 41,805
As at 1 April 2024 32,750 6,880 39,630
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 528,597 352,573
Amounts owed by participating interests 79 79
Other debtors 344,561 85,433
873,237 438,085
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 213,622 187,005
Corporation tax 97,140 180,964
Other taxes and social security 29,081 16,868
VAT 168,121 124,549
Other creditors 4,995 15,267
Accruals and deferred income 424,440 36,165
Directors' loan accounts 276 177
937,675 560,995
Page 4
Page 5
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 54,807 54,807
Later than one year and not later than five years 29,700 84,507
84,507 139,314
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