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 04791076 Mr Phillip Ashley Mr Darren Coleman Mr Darren Coleman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04791076 2023-12-31 04791076 2024-12-31 04791076 2024-01-01 2024-12-31 04791076 frs-core:CurrentFinancialInstruments 2024-12-31 04791076 frs-core:Non-currentFinancialInstruments 2024-12-31 04791076 frs-core:BetweenOneFiveYears 2024-12-31 04791076 frs-core:ComputerEquipment 2024-12-31 04791076 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04791076 frs-core:ComputerEquipment 2023-12-31 04791076 frs-core:NetGoodwill 2024-12-31 04791076 frs-core:NetGoodwill 2024-01-01 2024-12-31 04791076 frs-core:NetGoodwill 2023-12-31 04791076 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04791076 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04791076 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04791076 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 04791076 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04791076 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04791076 frs-core:MotorVehicles 2024-12-31 04791076 frs-core:MotorVehicles 2024-01-01 2024-12-31 04791076 frs-core:MotorVehicles 2023-12-31 04791076 frs-core:PlantMachinery 2024-12-31 04791076 frs-core:PlantMachinery 2024-01-01 2024-12-31 04791076 frs-core:PlantMachinery 2023-12-31 04791076 frs-core:WithinOneYear 2024-12-31 04791076 frs-core:CapitalRedemptionReserve 2024-12-31 04791076 frs-core:ShareCapital 2024-12-31 04791076 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04791076 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04791076 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04791076 frs-bus:SmallEntities 2024-01-01 2024-12-31 04791076 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04791076 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04791076 frs-bus:Director1 2024-01-01 2024-12-31 04791076 frs-bus:Director2 2024-01-01 2024-12-31 04791076 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04791076 frs-countries:EnglandWales 2024-01-01 2024-12-31 04791076 2022-12-31 04791076 2023-12-31 04791076 2023-01-01 2023-12-31 04791076 frs-core:CurrentFinancialInstruments 2023-12-31 04791076 frs-core:Non-currentFinancialInstruments 2023-12-31 04791076 frs-core:BetweenOneFiveYears 2023-12-31 04791076 frs-core:WithinOneYear 2023-12-31 04791076 frs-core:CapitalRedemptionReserve 2023-12-31 04791076 frs-core:ShareCapital 2023-12-31 04791076 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04791076
Refrigeration Maintenance And Sales Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04791076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 970,307 907,092
970,307 907,092
CURRENT ASSETS
Stocks 412,201 475,970
Debtors 6 2,005,123 1,455,345
Cash at bank and in hand 1,391,593 1,443,567
3,808,917 3,374,882
Creditors: Amounts Falling Due Within One Year 7 (2,399,224 ) (2,176,784 )
NET CURRENT ASSETS (LIABILITIES) 1,409,693 1,198,098
TOTAL ASSETS LESS CURRENT LIABILITIES 2,380,000 2,105,190
Creditors: Amounts Falling Due After More Than One Year 8 (17,311 ) (62,191 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (98,375 ) (82,572 )
NET ASSETS 2,264,314 1,960,427
CAPITAL AND RESERVES
Called up share capital 11 22,000 22,000
Capital redemption reserve 18,000 18,000
Profit and Loss Account 2,224,314 1,920,427
SHAREHOLDERS' FUNDS 2,264,314 1,960,427
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
Mr Darren Coleman
Director
30 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Refrigeration Maintenance And Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04791076 . The registered office is Unit 8b, Hopton Industrial Estate, London Road, Devizes, Wiltshire, SN10 2EU.
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 profit and loss account over its estimated economic life of 10 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:
Freehold not depreciated
Tenant's Improvements 10% straight line
Plant & Machinery 33% reducing balance
Motor Vehicles 20% reducing balance
Office Equipment 33% reducing balance
Page 3
Page 4
2.5. 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.
2.6. 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.
2.7. 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: 40 (2023: 40)
40 40
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 182,750
As at 31 December 2024 182,750
Amortisation
As at 1 January 2024 182,750
As at 31 December 2024 182,750
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Freehold Tenant's Improvements Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2024 576,805 8,662 154,037 494,216
Additions - - 1,793 206,661
Disposals - - (75,630 ) (147,296 )
As at 31 December 2024 576,805 8,662 80,200 553,581
Depreciation
As at 1 January 2024 - 8,662 96,567 248,419
Provided during the period - - 16,803 71,675
Disposals - - (68,463 ) (109,200 )
As at 31 December 2024 - 8,662 44,907 210,894
Net Book Value
As at 31 December 2024 576,805 - 35,293 342,687
As at 1 January 2024 576,805 - 57,470 245,797
Page 5
Page 6
Office Equipment Total
£ £
Cost
As at 1 January 2024 131,460 1,365,180
Additions 5,372 213,826
Disposals (102,683 ) (325,609 )
As at 31 December 2024 34,149 1,253,397
Depreciation
As at 1 January 2024 104,440 458,088
Provided during the period 8,962 97,440
Disposals (94,775 ) (272,438 )
As at 31 December 2024 18,627 283,090
Net Book Value
As at 31 December 2024 15,522 970,307
As at 1 January 2024 27,020 907,092
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,574,042 1,310,462
Other debtors 431,081 144,883
2,005,123 1,455,345
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 58,480 59,045
Trade creditors 1,020,359 1,127,456
Bank loans and overdrafts 4,349 10,280
Other creditors 897,182 634,502
Taxation and social security 418,854 345,501
2,399,224 2,176,784
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,311 57,710
Bank loans - 4,481
17,311 62,191
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured:
The bank loans and any overdrafts are secured by a fixed and floating debenture charge over all of the company's property and assets, present and future, and by a fixed legal charge over the freehold property (Unit 8b, Hopton Industrial Estate, London Road, Devizes).
Obligations under hire purchase contracts are secured on the assets to which they relate.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 75,790 116,755
Bank loans and overdrafts 4,348 14,761
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 58,480 59,045
Later than one year and not later than five years 17,311 57,710
75,791 116,755
75,791 116,755
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 22,000 22,000
Page 7