Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10710328 Mr Richard Stapleton Mr Richard Stapleton Mr Richard Stapleton Mr Richard Stapleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10710328 2024-03-31 10710328 2025-03-31 10710328 2024-04-01 2025-03-31 10710328 frs-core:CurrentFinancialInstruments 2025-03-31 10710328 frs-core:ComputerEquipment 2025-03-31 10710328 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10710328 frs-core:ComputerEquipment 2024-03-31 10710328 frs-core:NetGoodwill 2025-03-31 10710328 frs-core:NetGoodwill 2024-04-01 2025-03-31 10710328 frs-core:NetGoodwill 2024-03-31 10710328 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 10710328 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 10710328 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 10710328 frs-core:PlantMachinery 2025-03-31 10710328 frs-core:PlantMachinery 2024-04-01 2025-03-31 10710328 frs-core:PlantMachinery 2024-03-31 10710328 frs-core:ShareCapital 2025-03-31 10710328 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10710328 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10710328 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10710328 frs-bus:SmallEntities 2024-04-01 2025-03-31 10710328 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10710328 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10710328 frs-bus:Director1 2024-04-01 2025-03-31 10710328 frs-bus:Director2 2024-04-01 2025-03-31 10710328 frs-countries:EnglandWales 2024-04-01 2025-03-31 10710328 2023-03-31 10710328 2024-03-31 10710328 2023-04-01 2024-03-31 10710328 frs-core:CurrentFinancialInstruments 2024-03-31 10710328 frs-core:ShareCapital 2024-03-31 10710328 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10710328
Rich Stapleton Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10710328
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,260 6,390
Tangible Assets 5 24,229 17,638
28,489 24,028
CURRENT ASSETS
Debtors 6 - 6,260
Cash at bank and in hand 3,282 90,196
3,282 96,456
Creditors: Amounts Falling Due Within One Year 7 (15,575 ) (52,863 )
NET CURRENT ASSETS (LIABILITIES) (12,293 ) 43,593
TOTAL ASSETS LESS CURRENT LIABILITIES 16,196 67,621
NET ASSETS 16,196 67,621
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 16,195 67,620
SHAREHOLDERS' FUNDS 16,196 67,621
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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
Mr Richard Stapleton
Director
Mr Richard Stapleton
Director
30/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rich Stapleton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10710328 . The registered office is 3a Fountain Buildings, Lansdown Road, Bath, North Somerset, BA1 5DU.
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 the profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 25% straight line
Computer Equipment 20% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
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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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 21,300
As at 31 March 2025 21,300
Amortisation
As at 1 April 2024 14,910
Provided during the period 2,130
As at 31 March 2025 17,040
Net Book Value
As at 31 March 2025 4,260
As at 1 April 2024 6,390
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5. Tangible Assets
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 2,347 59,364 12,422 74,133
Additions - 20,396 - 20,396
As at 31 March 2025 2,347 79,760 12,422 94,529
Depreciation
As at 1 April 2024 2,346 43,869 10,280 56,495
Provided during the period - 13,174 631 13,805
As at 31 March 2025 2,346 57,043 10,911 70,300
Net Book Value
As at 31 March 2025 1 22,717 1,511 24,229
As at 1 April 2024 1 15,495 2,142 17,638
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 6,260
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 78 2,272
Bank loans and overdrafts 804 1,220
Corporation tax - 21,921
Other taxes and social security 479 -
VAT 9,205 27,450
Directors' loan accounts 5,009 -
15,575 52,863
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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