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 06442644 L M Wilde E J King J B Wise iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06442644 2023-12-31 06442644 2024-12-31 06442644 2024-01-01 2024-12-31 06442644 frs-core:CurrentFinancialInstruments 2024-12-31 06442644 frs-core:Non-currentFinancialInstruments 2024-12-31 06442644 frs-core:FurnitureFittings 2024-12-31 06442644 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06442644 frs-core:FurnitureFittings 2023-12-31 06442644 frs-core:NetGoodwill 2024-12-31 06442644 frs-core:NetGoodwill 2024-01-01 2024-12-31 06442644 frs-core:NetGoodwill 2023-12-31 06442644 frs-core:CapitalRedemptionReserve 2024-12-31 06442644 frs-core:ShareCapital 2024-12-31 06442644 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06442644 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06442644 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06442644 frs-bus:SmallEntities 2024-01-01 2024-12-31 06442644 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06442644 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06442644 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06442644 frs-bus:OrdinaryShareClass1 2024-12-31 06442644 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 06442644 frs-bus:OrdinaryShareClass3 2024-12-31 06442644 frs-bus:OrdinaryShareClass5 2024-01-01 2024-12-31 06442644 frs-bus:OrdinaryShareClass5 2024-12-31 06442644 frs-bus:Director1 2024-01-01 2024-12-31 06442644 frs-bus:Director2 2024-01-01 2024-12-31 06442644 frs-bus:Director3 2024-01-01 2024-12-31 06442644 frs-countries:EnglandWales 2024-01-01 2024-12-31 06442644 2022-12-31 06442644 2023-12-31 06442644 2023-01-01 2023-12-31 06442644 frs-core:CurrentFinancialInstruments 2023-12-31 06442644 frs-core:Non-currentFinancialInstruments 2023-12-31 06442644 frs-core:CapitalRedemptionReserve 2023-12-31 06442644 frs-core:ShareCapital 2023-12-31 06442644 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06442644 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06442644 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 06442644 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31
Registered number: 06442644
Read Cooper Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06442644
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 137 8,141
Tangible Assets 5 36,044 46,733
36,181 54,874
CURRENT ASSETS
Stocks 6 82,617 21,760
Debtors 7 243,901 221,385
Cash at bank and in hand 638,858 201,017
965,376 444,162
Creditors: Amounts Falling Due Within One Year 8 (311,054 ) (128,851 )
NET CURRENT ASSETS (LIABILITIES) 654,322 315,311
TOTAL ASSETS LESS CURRENT LIABILITIES 690,503 370,185
Creditors: Amounts Falling Due After More Than One Year 9 (4,167 ) (14,167 )
NET ASSETS 686,336 356,018
CAPITAL AND RESERVES
Called up share capital 10 75 75
Capital redemption reserve 25 25
Income Statement 686,236 355,918
SHAREHOLDERS' FUNDS 686,336 356,018
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 Income Statement.
On behalf of the board
L M Wilde
Director
16th 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
Read Cooper Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06442644 . The registered office is The Old Star, Church Street, Princes Risborough, Buckinghamshire, HP27 9AA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life.
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:
Fixtures & Fittings 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. 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.
...CONTINUED
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2.6. Taxation - continued
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: 18 (2023: 17)
18 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 40,253
Additions 58
As at 31 December 2024 40,311
Amortisation
As at 1 January 2024 32,112
Provided during the period 8,062
As at 31 December 2024 40,174
Net Book Value
As at 31 December 2024 137
As at 1 January 2024 8,141
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 96,295
Additions 1,016
As at 31 December 2024 97,311
Depreciation
As at 1 January 2024 49,562
Provided during the period 11,705
As at 31 December 2024 61,267
Net Book Value
As at 31 December 2024 36,044
As at 1 January 2024 46,733
6. Stocks
2024 2023
£ £
Work in progress 82,617 21,760
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 234,650 212,164
Other debtors 9,251 9,221
243,901 221,385
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,381 2,223
Bank loans and overdrafts 10,000 10,000
Other creditors 10,048 10,078
Taxation and social security 285,625 106,550
311,054 128,851
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,167 14,167
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
25 Ordinary Shares of £ 1.00 each 25 25
25 Ordinary B shares of £ 1.00 each 25 25
25 Ordinary D shares of £ 1.00 each 25 25
75 75
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