Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07059643 S P Barnes R G Barnes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07059643 2023-12-31 07059643 2024-12-31 07059643 2024-01-01 2024-12-31 07059643 frs-core:CurrentFinancialInstruments 2024-12-31 07059643 frs-core:Non-currentFinancialInstruments 2024-12-31 07059643 frs-core:ComputerEquipment 2024-12-31 07059643 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07059643 frs-core:ComputerEquipment 2023-12-31 07059643 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 07059643 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07059643 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07059643 frs-core:PlantMachinery 2024-12-31 07059643 frs-core:PlantMachinery 2024-01-01 2024-12-31 07059643 frs-core:PlantMachinery 2023-12-31 07059643 frs-core:ShareCapital 2024-12-31 07059643 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07059643 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07059643 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07059643 frs-bus:SmallEntities 2024-01-01 2024-12-31 07059643 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07059643 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07059643 frs-core:UnlistedNon-exchangeTraded 2024-12-31 07059643 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07059643 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07059643 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 07059643 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07059643 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07059643 frs-bus:Director1 2024-01-01 2024-12-31 07059643 frs-bus:Director2 2024-01-01 2024-12-31 07059643 frs-countries:EnglandWales 2024-01-01 2024-12-31 07059643 2022-12-31 07059643 2023-12-31 07059643 2023-01-01 2023-12-31 07059643 frs-core:CurrentFinancialInstruments 2023-12-31 07059643 frs-core:Non-currentFinancialInstruments 2023-12-31 07059643 frs-core:ShareCapital 2023-12-31 07059643 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07059643
Ricco Fabio Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07059643
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,461 72,453
Investments 5 79,732 79,732
116,193 152,185
CURRENT ASSETS
Stocks 6 150,000 1,159,603
Debtors 7 758,868 310,495
Cash at bank and in hand 2,337,837 1,685,929
3,246,705 3,156,027
Creditors: Amounts Falling Due Within One Year 8 (41,226 ) (103,021 )
NET CURRENT ASSETS (LIABILITIES) 3,205,479 3,053,006
TOTAL ASSETS LESS CURRENT LIABILITIES 3,321,672 3,205,191
Creditors: Amounts Falling Due After More Than One Year 9 (1,219,425 ) (1,114,089 )
NET ASSETS 2,102,247 2,091,102
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 2,102,047 2,090,902
SHAREHOLDERS' FUNDS 2,102,247 2,091,102
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 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
S P Barnes
Director
18/09/2025
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
Ricco Fabio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07059643 . The registered office is Synergy House Fakenham Road, Morton On The Hill, Norwich, Norfolk, NR9 5SP.
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:
Leasehold 20% straight line
Plant & Machinery 20% straight line
Computer Equipment 20% straight line
2.4. 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.
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 178,760 259,197 2,552 440,509
As at 31 December 2024 178,760 259,197 2,552 440,509
Depreciation
As at 1 January 2024 107,256 258,717 2,083 368,056
Provided during the period 35,752 120 120 35,992
As at 31 December 2024 143,008 258,837 2,203 404,048
Net Book Value
As at 31 December 2024 35,752 360 349 36,461
As at 1 January 2024 71,504 480 469 72,453
5. Investments
Unlisted
£
Cost
As at 1 January 2024 79,732
As at 31 December 2024 79,732
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 79,732
As at 1 January 2024 79,732
6. Stocks
2024 2023
£ £
Work in progress 150,000 1,159,603
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,543 7,292
Prepayments and accrued income - 123
Other debtors 750,000 300,000
VAT 4,325 3,080
758,868 310,495
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,359 67,875
Corporation tax 11,892 16,171
Accruals and deferred income 975 975
Directors' loan accounts 18,000 18,000
41,226 103,021
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 1,219,425 1,114,089
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5