Acorah Software Products - Accounts Production 19.1.200 false true 31 July 2024 1 August 2023 false 1 August 2024 31 December 2025 31 December 2025 09692582 Mr Robert Dedman Mrs Rona Jackson Mr Robert Dedman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09692582 2024-07-31 09692582 2025-12-31 09692582 2024-08-01 2025-12-31 09692582 frs-core:CurrentFinancialInstruments 2025-12-31 09692582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 09692582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-01 2025-12-31 09692582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 09692582 frs-core:MotorVehicles 2025-12-31 09692582 frs-core:MotorVehicles 2024-08-01 2025-12-31 09692582 frs-core:MotorVehicles 2024-07-31 09692582 frs-core:PlantMachinery 2025-12-31 09692582 frs-core:PlantMachinery 2024-08-01 2025-12-31 09692582 frs-core:PlantMachinery 2024-07-31 09692582 frs-core:ShareCapital 2025-12-31 09692582 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09692582 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-12-31 09692582 frs-bus:FilletedAccounts 2024-08-01 2025-12-31 09692582 frs-bus:SmallEntities 2024-08-01 2025-12-31 09692582 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-12-31 09692582 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-12-31 09692582 frs-bus:Director1 2024-08-01 2025-12-31 09692582 frs-bus:Director2 2024-08-01 2025-12-31 09692582 frs-bus:CompanySecretary1 2024-08-01 2025-12-31 09692582 frs-countries:EnglandWales 2024-08-01 2025-12-31 09692582 2023-07-31 09692582 2024-07-31 09692582 2023-08-01 2024-07-31 09692582 frs-core:CurrentFinancialInstruments 2024-07-31 09692582 frs-core:ShareCapital 2024-07-31 09692582 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 09692582
RIB Contracts Limited
Unaudited Financial Statements
For the Period 1 August 2024 to 31 December 2025
Shore Accounting Ltd
Basepoint -Shoreham
Little High Street
Shoreham By Sea
BN43 5EG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09692582
31 December 2025 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 109,509 44,781
109,509 44,781
CURRENT ASSETS
Stocks 5 10,000 -
Debtors 6 1,427,765 352,992
Cash at bank and in hand 190,542 285,888
1,628,307 638,880
Creditors: Amounts Falling Due Within One Year 7 (1,162,585 ) (380,520 )
NET CURRENT ASSETS (LIABILITIES) 465,722 258,360
TOTAL ASSETS LESS CURRENT LIABILITIES 575,231 303,141
NET ASSETS 575,231 303,141
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 575,229 303,139
SHAREHOLDERS' FUNDS 575,231 303,141
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For the period ending 31 December 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 Robert Dedman
Director
20/04/2026
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
RIB Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09692582 . The registered office is Unit 81-82 Mackley Industrial Estate, Henfield Road, Small Dole, West Sussex, BN5 9XR.
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:
Leasehold 10% straight line (relating to improvements)
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
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.
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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 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: 29 (2024: 21)
29 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 August 2024 15,333 72,081 38,335 125,749
Additions - 67,240 30,990 98,230
Disposals - - (13,450 ) (13,450 )
As at 31 December 2025 15,333 139,321 55,875 210,529
Depreciation
As at 1 August 2024 128 55,058 25,782 80,968
Provided during the period 2,172 22,792 7,291 32,255
Disposals - - (12,203 ) (12,203 )
As at 31 December 2025 2,300 77,850 20,870 101,020
Net Book Value
As at 31 December 2025 13,033 61,471 35,005 109,509
As at 1 August 2024 15,205 17,023 12,553 44,781
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5. Stocks
31 December 2025 31 July 2024
£ £
Stock 10,000 -
6. Debtors
31 December 2025 31 July 2024
£ £
Due within one year
Trade debtors 638,917 139,044
Prepayments and accrued income 508,539 1,429
Other debtors 177,312 204,119
Amounts owed by associates 102,997 8,400
1,427,765 352,992
7. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 July 2024
£ £
Trade creditors 509,774 46,406
Corporation tax 139,414 95,964
Other taxes and social security 180,551 8,588
VAT 47,418 37,217
Net wages 7,396 5,620
Other creditors 6,281 6,553
Accruals and deferred income 2,500 9,474
Directors' loan accounts 269,251 170,698
1,162,585 380,520
8. Share Capital
31 December 2025 31 July 2024
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Dedbest Distillery Co. Ltd
A significant shareholder of RIB Contracts Ltd is also a significant shareholder of Dedbest Distillery Co. Ltd.
RIB Contracts Ltd made supplies totalling £57,434 to Dedbest Distillery Co. Ltd, on an at-arms-length basis.
It also loaned funds to the company. The balance of the loan at the year end was £102,997 (2024: £8,400). This loan is unsecured, interest free and repayable on demand.
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