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 NI621475 Mr Colin McManus Mr Cailam Quinn Mr Fionntain McManus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI621475 2023-12-31 NI621475 2024-12-31 NI621475 2024-01-01 2024-12-31 NI621475 frs-core:CurrentFinancialInstruments 2024-12-31 NI621475 frs-core:Non-currentFinancialInstruments 2024-12-31 NI621475 frs-core:FurnitureFittings 2024-12-31 NI621475 frs-core:FurnitureFittings 2024-01-01 2024-12-31 NI621475 frs-core:FurnitureFittings 2023-12-31 NI621475 frs-core:MotorVehicles 2024-12-31 NI621475 frs-core:MotorVehicles 2024-01-01 2024-12-31 NI621475 frs-core:MotorVehicles 2023-12-31 NI621475 frs-core:PlantMachinery 2024-12-31 NI621475 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI621475 frs-core:PlantMachinery 2023-12-31 NI621475 frs-core:WithinOneYear 2024-12-31 NI621475 frs-core:ShareCapital 2024-12-31 NI621475 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI621475 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI621475 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI621475 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI621475 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI621475 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI621475 frs-bus:Director1 2024-01-01 2024-12-31 NI621475 frs-bus:Director2 2024-01-01 2024-12-31 NI621475 frs-bus:Director3 2024-01-01 2024-12-31 NI621475 frs-core:Non-currentFinancialInstruments 1 2024-12-31 NI621475 frs-core:Non-currentFinancialInstruments 2 2024-12-31 NI621475 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI621475 2022-12-31 NI621475 2023-12-31 NI621475 2023-01-01 2023-12-31 NI621475 frs-core:CurrentFinancialInstruments 2023-12-31 NI621475 frs-core:Non-currentFinancialInstruments 2023-12-31 NI621475 frs-core:WithinOneYear 2023-12-31 NI621475 frs-core:ShareCapital 2023-12-31 NI621475 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI621475 frs-core:Non-currentFinancialInstruments 1 2023-12-31 NI621475 frs-core:Non-currentFinancialInstruments 2 2023-12-31
Registered number: NI621475
Raven Plant Hire Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Raven Plant Hire Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Raven Plant Hire Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: NI621475

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 365,474 |  | 435,843
|  |  | 365,474 |  | 435,843
CURRENT ASSETS
Stocks | 5 | 1,500,000 |  | 1,850,000 |
Debtors | 6 | 646,079 |  | 615,641 |
Cash at bank and in hand |  | 84,083 |  | - |
|  | 2,230,162 |  | 2,465,641 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,392,134 ) |  | (2,161,996 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 838,028 |  | 303,645
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,203,502 |  | 739,488
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (1,114,705 ) |  | (1,529,658 )
NET ASSETS/(LIABILITIES) |  |  | 88,797 |  | (790,170 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 88,697 |  | (790,270 )
SHAREHOLDERS' FUNDS |  |  | 88,797 |  | (790,170)

Page 1
Page 2
Raven Plant Hire Limited
Balance Sheet (continued)
As At 31 December 2024
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 Colin McManus Director | Mr Cailam Quinn Director
10/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Raven Plant Hire Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Raven Plant Hire Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI621475 . The registered office is 14 Jade Business, Jonesborough, Newry, BT35 8JP.
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 | 25% Straight Line
Motor Vehicles | 25% Straight Line
Fixtures & Fittings | 25% Straight Line

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.
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 balance sheet 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 21)
8 21
Page 3
Page 4
Raven Plant Hire Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2024 | 602,116 | 293,793 | 3,591 | 899,500
Additions | 43,011 | - | - | 43,011
As at 31 December 2024 | 645,127 | 293,793 | 3,591 | 942,511
Depreciation
As at 1 January 2024 | 295,585 | 166,380 | 1,692 | 463,657
Provided during the period | 78,112 | 34,882 | 386 | 113,380
As at 31 December 2024 | 373,697 | 201,262 | 2,078 | 577,037
Net Book Value
As at 31 December 2024 | 271,430 | 92,531 | 1,513 | 365,474
As at 1 January 2024 | 306,531 | 127,413 | 1,899 | 435,843

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Work in progress | 1,500,000 |  | 1,850,000

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 614,668 |  | -
Other debtors | 2,737 |  | 310,738
VAT | 28,674 |  | 59,091
Amounts owed by associates | - |  | 245,812
| 646,079 |  | 615,641

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 45,124 |  | 81,143
Trade creditors | 384,184 |  | 380,238
Bank loans and overdrafts | 32,414 |  | 26,780
PAYE Payable | 10,924 |  | 27,995
Other creditors | 204,867 |  | 847,325
Accruals and deferred income | 1,892 |  | 2,200
Directors' loan accounts | 712,729 |  | 796,315
| 1,392,134 |  | 2,161,996

Page 4
Page 5
Raven Plant Hire Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 51,425 |  | 75,417
Other creditors | - |  | 307,554
Other creditors (1) | 495,941 |  | 284,022
Other creditors (2) | 567,339 |  | 862,665
| 1,114,705 |  | 1,529,658

9. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 45,124 |  | 81,143

10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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