Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06718460 Mr S G Rillstone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06718460 2023-12-31 06718460 2024-12-31 06718460 2024-01-01 2024-12-31 06718460 frs-core:CurrentFinancialInstruments 2024-12-31 06718460 frs-core:Non-currentFinancialInstruments 2024-12-31 06718460 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06718460 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06718460 frs-core:ShareCapital 2024-12-31 06718460 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06718460 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06718460 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06718460 frs-bus:SmallEntities 2024-01-01 2024-12-31 06718460 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06718460 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06718460 frs-bus:Director1 2024-01-01 2024-12-31 06718460 frs-countries:EnglandWales 2024-01-01 2024-12-31 06718460 2022-12-31 06718460 2023-12-31 06718460 2023-01-01 2023-12-31 06718460 frs-core:CurrentFinancialInstruments 2023-12-31 06718460 frs-core:Non-currentFinancialInstruments 2023-12-31 06718460 frs-core:ShareCapital 2023-12-31 06718460 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06718460
RAB Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06718460
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 68,775 20,711
Cash at bank and in hand 101 10,955
68,876 31,666
Creditors: Amounts Falling Due Within One Year 5 (113,968 ) (60,995 )
NET CURRENT ASSETS (LIABILITIES) (45,092 ) (29,329 )
TOTAL ASSETS LESS CURRENT LIABILITIES (45,092 ) (29,329 )
Creditors: Amounts Falling Due After More Than One Year 6 (3,228 ) (11,134 )
NET LIABILITIES (48,320 ) (40,463 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (48,420 ) (40,563 )
SHAREHOLDERS' FUNDS (48,320) (40,463)
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 S G Rillstone
Director
26/09/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
RAB Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06718460 . The registered office is 59 High Street, Stony Stratford, Milton Keynes, Buckinghamshire, MK11 1AY.
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, excluding discounts, rebates, value added tax and other sales taxes.
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:
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,397 5,004
Prepayments and accrued income 3,828 3,853
VAT 692 -
Amounts owed by group undertakings 56,858 11,854
68,775 20,711
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,574 4,941
Bank loans and overdrafts 11,107 8,305
VAT - 4,499
Accruals and deferred income 2,050 1,950
Amounts owed to group undertakings 93,237 41,300
113,968 60,995
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,228 11,134
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
During the year, the company traded with GRMP Ltd, a company in which Mr S G Rillstone is also a director. The company also received financial support from GRMP Ltd. The balance owed by the company by GRMP Ltd as at 31 December 2024 amounted to £56,858 (2023 - £10,353).
The company was previously provided financial support by SGRB Ltd, a company in which Mr S G Rillstone is also a director. The balance owed to the company by SGRB Ltd as at 31 December 2024 amounted to £85,300 (2023 - £41,300).
The company also provided financial support to with Carters Property Management Ltd, a company in which Mr S G Rillstone is also a director. The balance owed to Carters Property Management Ltd to the company as at 31 December 2024 amounted to £7,937 (2023 - £1,501).
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