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Registered number: 06896580
Reane Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06896580
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,833 34,833
Tangible Assets 5 359,961 434,950
372,794 469,783
CURRENT ASSETS
Stocks 542,678 500,378
Debtors 6 297,204 300,638
Cash at bank and in hand 42,203 96,694
882,085 897,710
Creditors: Amounts Falling Due Within One Year 7 (711,404 ) (742,992 )
NET CURRENT ASSETS (LIABILITIES) 170,681 154,718
TOTAL ASSETS LESS CURRENT LIABILITIES 543,475 624,501
Creditors: Amounts Falling Due After More Than One Year 8 (277,043 ) (355,415 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (90,000 ) (80,000 )
NET ASSETS 176,432 189,086
CAPITAL AND RESERVES
Called up share capital 9 134 134
Profit and Loss Account 176,298 188,952
SHAREHOLDERS' FUNDS 176,432 189,086
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 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
A Patel
Director
24/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Reane Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06896580 . The registered office is 22 Station Road, Burnham-On-Crouch, Essex, CM0 8BQ.
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. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
2.4. 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 5 years.
2.5. 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:
Leasehold Over period of lease
Plant & Machinery 10% - 25% reducing balance
Motor Vehicles 25% reducing balance
2.6. 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.
2.7. 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.
Page 3
Page 4
2.8. 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: 44 (2024: 48)
44 48
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 936,751
As at 31 March 2025 936,751
Amortisation
As at 1 April 2024 901,918
Provided during the period 22,000
As at 31 March 2025 923,918
Net Book Value
As at 31 March 2025 12,833
As at 1 April 2024 34,833
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 88,494 646,809 109,547 844,850
Additions - 8,490 1,001 9,491
As at 31 March 2025 88,494 655,299 110,548 854,341
Depreciation
As at 1 April 2024 71,369 301,858 36,673 409,900
Provided during the period 14,930 54,775 14,775 84,480
As at 31 March 2025 86,299 356,633 51,448 494,380
Net Book Value
As at 31 March 2025 2,195 298,666 59,100 359,961
As at 1 April 2024 17,125 344,951 72,874 434,950
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 238,696 258,470
Prepayments and accrued income 7,490 3,096
Other debtors 6,305 9,815
VAT 44,713 29,257
297,204 300,638
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 29,066 29,065
Trade creditors 390,679 484,153
Bank loans and overdrafts 40,931 41,531
Amounts owed to group undertakings 120,000 120,000
Other creditors 75,751 50,029
Taxation and social security 54,977 18,214
711,404 742,992
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 65,021 94,086
Bank loans 107,009 149,989
Other loan 105,013 111,340
277,043 355,415
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 134 134
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