Acorah Software Products - Accounts Production 16.4.675 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 NI025901 Mr Patrick Hughes Mr Eamon Jordan Mrs Sarah Mackle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI025901 2023-09-30 NI025901 2024-09-30 NI025901 2023-10-01 2024-09-30 NI025901 frs-core:CurrentFinancialInstruments 2024-09-30 NI025901 frs-core:Non-currentFinancialInstruments 2024-09-30 NI025901 frs-core:FurnitureFittings 2024-09-30 NI025901 frs-core:FurnitureFittings 2023-10-01 2024-09-30 NI025901 frs-core:FurnitureFittings 2023-09-30 NI025901 frs-core:MotorVehicles 2024-09-30 NI025901 frs-core:MotorVehicles 2023-10-01 2024-09-30 NI025901 frs-core:MotorVehicles 2023-09-30 NI025901 frs-core:PlantMachinery 2024-09-30 NI025901 frs-core:PlantMachinery 2023-10-01 2024-09-30 NI025901 frs-core:PlantMachinery 2023-09-30 NI025901 frs-core:ShareCapital 2024-09-30 NI025901 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI025901 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI025901 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 NI025901 frs-bus:SmallEntities 2023-10-01 2024-09-30 NI025901 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 NI025901 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI025901 frs-bus:Director1 2023-10-01 2024-09-30 NI025901 frs-bus:Director2 2023-10-01 2024-09-30 NI025901 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 NI025901 frs-core:CurrentFinancialInstruments 3 2024-09-30 NI025901 frs-countries:NorthernIreland 2023-10-01 2024-09-30 NI025901 2022-09-30 NI025901 2023-09-30 NI025901 2022-10-01 2023-09-30 NI025901 frs-core:CurrentFinancialInstruments 2023-09-30 NI025901 frs-core:Non-currentFinancialInstruments 2023-09-30 NI025901 frs-core:ShareCapital 2023-09-30 NI025901 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI025901 frs-core:CurrentFinancialInstruments 3 2023-09-30
Registered number: NI025901
Raptic Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Raptic Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Raptic Limited
Balance Sheet
As At 30 September 2024
Balance Sheet
Registered number: NI025901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,915 25,220
18,915 25,220
CURRENT ASSETS
Stocks 5 - 81,156
Debtors 6 1,628,638 1,556,752
Cash at bank and in hand 288,809 285,530
1,917,447 1,923,438
Creditors: Amounts Falling Due Within One Year 7 (978,067 ) (955,566 )
NET CURRENT ASSETS (LIABILITIES) 939,380 967,872
TOTAL ASSETS LESS CURRENT LIABILITIES 958,295 993,092
Creditors: Amounts Falling Due After More Than One Year 8 - (15,561 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,372 ) (3,540 )
NET ASSETS 954,923 973,991
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 954,921 973,989
SHAREHOLDERS' FUNDS 954,923 973,991
Page 1
Page 2
Raptic Limited
Balance Sheet (continued)
As At 30 September 2024
For the year ending 30 September 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 Patrick Hughes
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Raptic Limited
Notes to the Financial Statements
For The Year Ended 30 September 2024
Notes to the Financial Statements
1. General Information
Raptic Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI025901 . The registered office is Unit 10 Granville Industrial Estate, 90, Granville Road, Dungannon, County Tyrone, BT70 1NJ.
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:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
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. 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.
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.
...CONTINUED
Page 3
Page 4
Raptic Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 642,500 121,368 59,308 823,176
Disposals (483,758 ) (121,368 ) (58,107 ) (663,233 )
As at 30 September 2024 158,742 - 1,201 159,943
Depreciation
As at 1 October 2023 618,255 121,368 58,333 797,956
Provided during the period 6,061 - 244 6,305
Disposals (483,758 ) (121,368 ) (58,107 ) (663,233 )
As at 30 September 2024 140,558 - 470 141,028
Net Book Value
As at 30 September 2024 18,184 - 731 18,915
As at 1 October 2023 24,245 - 975 25,220
5. Stocks
2024 2023
£ £
Work in progress - 81,156
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,314 5,465
Prepayments and accrued income 185,070 112,621
Other debtors 73,102 144,657
VAT - 56,199
Amounts owed by group undertakings 462,681 561,508
Amounts owed by associates 895,471 676,302
1,628,638 1,556,752
Page 4
Page 5
Raptic Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,085 79,341
Bank loans and overdrafts 21,439 13,894
Corporation tax (27,238 ) 534
Other taxes and social security 513 6,164
VAT 8,369 -
Amounts owed to group companies 100,000 100,000
Accruals and deferred income 7,386 5,819
Amounts owed to related parties 856,513 749,814
978,067 955,566
Security:
A first fixed charge over all monies deposited. 
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 15,561
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
The company has availed of the exemption under FRS102 in relation to the disclosure of transactions with group companies
TWD Engineering LtdShared directorPurchases of goods and services to the value of £nil (2023:£6,000).The balance due at year end was £6,000 (2023 £6,000).

TWD Engineering Ltd

Shared director

Purchases of goods and services to the value of £nil (2023:£6,000).The balance due at year end was £6,000 (2023 £6,000).

Acrow Rental LtdShared directorsCreditor balance due £743,814 (2022: £743,814). No other transactions occured in the period.

Acrow Rental Ltd

Shared directors

Creditor balance due £743,814 (2022: £743,814). No other transactions occured in the period.

Ardcrete LtdRelative of DirectorSales of goods and services to the value of £198,000 (2023 £nil).The balance due at year end was £364,825 (2023: £264,825). No provision for doubtful debt is required.

Ardcrete Ltd

Relative of Director

Sales of goods and services to the value of £198,000 (2023 £nil).The balance due at year end was £364,825 (2023: £264,825). No provision for doubtful debt is required.

Raptic Contracts LtdRelative of DirectorSales of goods and services to the value of £536,000 (2023: £123,400). The balance due at year end was £530,146 (2023: 411,477). No provision for doubtful debt is required.

Raptic Contracts Ltd

Relative of Director

Sales of goods and services to the value of £536,000 (2023: £123,400). The balance due at year end was £530,146 (2023: 411,477). No provision for doubtful debt is required.

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