Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 December 2022 false 1 January 2024 31 December 2024 31 December 2024 06425117 Mr Roger Estrada Mrs Cristina Lopez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06425117 2023-12-31 06425117 2024-12-31 06425117 2024-01-01 2024-12-31 06425117 frs-core:CurrentFinancialInstruments 2024-12-31 06425117 frs-core:Non-currentFinancialInstruments 2024-12-31 06425117 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06425117 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 06425117 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06425117 frs-core:MotorVehicles 2024-01-01 2024-12-31 06425117 frs-core:PlantMachinery 2024-12-31 06425117 frs-core:PlantMachinery 2024-01-01 2024-12-31 06425117 frs-core:PlantMachinery 2023-12-31 06425117 frs-core:SharePremium 2024-12-31 06425117 frs-core:ShareCapital 2024-12-31 06425117 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06425117 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06425117 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06425117 frs-bus:SmallEntities 2024-01-01 2024-12-31 06425117 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06425117 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06425117 frs-bus:Director1 2024-01-01 2024-12-31 06425117 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06425117 frs-countries:EnglandWales 2024-01-01 2024-12-31 06425117 2022-11-30 06425117 2023-12-31 06425117 2022-12-01 2023-12-31 06425117 frs-core:CurrentFinancialInstruments 2023-12-31 06425117 frs-core:Non-currentFinancialInstruments 2023-12-31 06425117 frs-core:SharePremium 2023-12-31 06425117 frs-core:ShareCapital 2023-12-31 06425117 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06425117
R53 Engineering Limited
Financial Statements
For The Year Ended 31 December 2024
Fruition Accountancy
29 Wood Street
Stratford-upon-Avon
Warwickshire
CV37 6JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06425117
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,346 142,408
199,346 142,408
CURRENT ASSETS
Stocks 5 613,485 461,478
Debtors 6 734,412 542,257
Cash at bank and in hand 523,560 591,990
1,871,457 1,595,725
Creditors: Amounts Falling Due Within One Year 7 (315,482 ) (343,213 )
NET CURRENT ASSETS (LIABILITIES) 1,555,975 1,252,512
TOTAL ASSETS LESS CURRENT LIABILITIES 1,755,321 1,394,920
Creditors: Amounts Falling Due After More Than One Year 8 (8,582 ) (38,371 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,697 ) (30,100 )
NET ASSETS 1,702,042 1,326,449
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium account 341,229 341,229
Profit and Loss Account 1,360,811 985,218
SHAREHOLDERS' FUNDS 1,702,042 1,326,449
Page 1
Page 2
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 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 Roger Estrada
Director
12th September 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
R53 Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06425117 . The registered office is Unit 12 Heathcote Way, Heathcote Industrial Estate, Warwick, Warwickshire, CV34 6TE.
The presentation currency of the financial statements is Pound Sterling, rounded to the nearest £1.
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.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents and licences. It is amortised to the profit and loss account over its estimated economic life of five years.
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 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% reducing balance
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.
Page 3
Page 4
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.
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: 18 (2023: 13)
18 13
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 498,572
Additions 107,088
As at 31 December 2024 605,660
Depreciation
As at 1 January 2024 356,164
Provided during the period 50,150
As at 31 December 2024 406,314
Net Book Value
As at 31 December 2024 199,346
As at 1 January 2024 142,408
Page 4
Page 5
5. Stocks
31 December 2024 31 December 2023
£ £
Materials 613,485 461,478
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 659,062 493,442
Other debtors 75,350 48,815
734,412 542,257
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 65,794 179,672
Bank loans and overdrafts 39,168 26,368
Other creditors 89,168 78,760
Taxation and social security 121,352 58,413
315,482 343,213
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 8,582 38,371
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5