Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 01939071 Mr Hasmukh Manibhai Patel Mrs Sangita Hasmukh Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01939071 2024-03-31 01939071 2025-03-31 01939071 2024-04-01 2025-03-31 01939071 frs-core:CurrentFinancialInstruments 2025-03-31 01939071 frs-core:FurnitureFittings 2025-03-31 01939071 frs-core:FurnitureFittings 2024-04-01 2025-03-31 01939071 frs-core:FurnitureFittings 2024-03-31 01939071 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 01939071 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01939071 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01939071 frs-core:RevaluationReserve 2024-04-01 2025-03-31 01939071 frs-core:RevaluationReserve 2024-03-31 01939071 frs-core:RevaluationReserve 2025-03-31 01939071 frs-core:ShareCapital 2025-03-31 01939071 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 01939071 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-03-31 01939071 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01939071 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01939071 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01939071 frs-bus:SmallEntities 2024-04-01 2025-03-31 01939071 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01939071 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01939071 frs-core:CostValuation 2024-03-31 01939071 frs-core:AdditionsToInvestments 2025-03-31 01939071 frs-core:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 01939071 frs-core:CostValuation 2025-03-31 01939071 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 01939071 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 01939071 frs-bus:Director1 2024-04-01 2025-03-31 01939071 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 01939071 frs-countries:EnglandWales 2024-04-01 2025-03-31 01939071 2023-03-31 01939071 2024-03-31 01939071 2023-04-01 2024-03-31 01939071 frs-core:CurrentFinancialInstruments 2024-03-31 01939071 frs-core:RevaluationReserve 2024-03-31 01939071 frs-core:ShareCapital 2024-03-31 01939071 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 01939071
RAYSOL LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01939071
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 482,228 482,452
Investments 5 547,691 -
1,029,919 482,452
CURRENT ASSETS
Debtors 6 2,066,390 2,067,445
Investments 7 100 100
Cash at bank and in hand 916,870 1,387,732
2,983,360 3,455,277
Creditors: Amounts Falling Due Within One Year 8 (49,006 ) (60,697 )
NET CURRENT ASSETS (LIABILITIES) 2,934,354 3,394,580
TOTAL ASSETS LESS CURRENT LIABILITIES 3,964,273 3,877,032
NET ASSETS 3,964,273 3,877,032
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 157,691 -
Profit and Loss Account 3,806,482 3,876,932
SHAREHOLDERS' FUNDS 3,964,273 3,877,032
Page 1
Page 2
For the year ending 31 March 2025 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 Hasmukh Manibhai Patel
Director
05/12/2025
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
RAYSOL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01939071 . The registered office is 10 Malmains Way, Beckenham, Kent, England, BR3 6SA.
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:
Freehold Over 50 Years
Fixtures & Fittings 33.33% Reducing Balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 482,655 1,508 484,163
As at 31 March 2025 482,655 1,508 484,163
Depreciation
As at 1 April 2024 874 837 1,711
Provided during the period - 224 224
As at 31 March 2025 874 1,061 1,935
Net Book Value
As at 31 March 2025 481,781 447 482,228
As at 1 April 2024 481,781 671 482,452
5. Investments
Other
£
Cost or Valuation
As at 1 April 2024 -
Additions 390,000
Revaluations 157,691
As at 31 March 2025 547,691
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 547,691
As at 1 April 2024 -
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 1,223,858 1,224,913
Other debtors 805,000 805,000
2,028,858 2,029,913
Due after more than one year
Other debtors 37,532 37,532
2,066,390 2,067,445
Page 4
Page 5
7. Current Asset Investments
2025 2024
£ £
Other investments, held for sale 100 100
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) (1 )
Other creditors 11,870 38,155
Taxation and social security 37,137 22,543
49,006 60,697
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2024 - 3,876,932
Profit for year - 75,550
Current Year Revaluation 157,691 -
Other comprehensive income for the year 157,691 -
Total comprehensive income for the year 157,691 75,550
Dividends paid - (146,000)
As at 31 March 2025 157,691 3,806,482
Page 5