Acorah Software Products - Accounts Production 19.4.351 false true 30 June 2025 1 July 2024 false 1 July 2025 30 June 2026 30 June 2026 02819261 Mr Richard Costello Mr Jack Foster Mrs Susan Costello iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02819261 2025-06-30 02819261 2026-06-30 02819261 2025-07-01 2026-06-30 02819261 frs-core:CurrentFinancialInstruments 2026-06-30 02819261 frs-core:ComputerEquipment 2026-06-30 02819261 frs-core:ComputerEquipment 2025-07-01 2026-06-30 02819261 frs-core:ComputerEquipment 2025-06-30 02819261 frs-core:FurnitureFittings 2026-06-30 02819261 frs-core:FurnitureFittings 2025-07-01 2026-06-30 02819261 frs-core:FurnitureFittings 2025-06-30 02819261 frs-core:MotorVehicles 2026-06-30 02819261 frs-core:MotorVehicles 2025-07-01 2026-06-30 02819261 frs-core:MotorVehicles 2025-06-30 02819261 frs-core:ShareCapital 2026-06-30 02819261 frs-core:RetainedEarningsAccumulatedLosses 2026-06-30 02819261 frs-bus:PrivateLimitedCompanyLtd 2025-07-01 2026-06-30 02819261 frs-bus:FilletedAccounts 2025-07-01 2026-06-30 02819261 frs-bus:SmallEntities 2025-07-01 2026-06-30 02819261 frs-bus:AuditExempt-NoAccountantsReport 2025-07-01 2026-06-30 02819261 frs-bus:SmallCompaniesRegimeForAccounts 2025-07-01 2026-06-30 02819261 frs-bus:Director1 2025-07-01 2026-06-30 02819261 frs-bus:Director1 2025-06-30 02819261 frs-bus:Director1 2026-06-30 02819261 frs-bus:Director2 2025-07-01 2026-06-30 02819261 frs-bus:CompanySecretary1 2025-07-01 2026-06-30 02819261 frs-countries:EnglandWales 2025-07-01 2026-06-30 02819261 2024-06-30 02819261 2025-06-30 02819261 2024-07-01 2025-06-30 02819261 frs-core:CurrentFinancialInstruments 2025-06-30 02819261 frs-core:ShareCapital 2025-06-30 02819261 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30
Registered number: 02819261
Richard Costello Foods Limited
Unaudited Financial Statements
For The Year Ended 30 June 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02819261
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,290 11,879
9,290 11,879
CURRENT ASSETS
Stocks 5 6,520 53,435
Debtors 6 123,564 87,149
Cash at bank and in hand 32,747 26,261
162,831 166,845
Creditors: Amounts Falling Due Within One Year 7 (94,048 ) (105,916 )
NET CURRENT ASSETS (LIABILITIES) 68,783 60,929
TOTAL ASSETS LESS CURRENT LIABILITIES 78,073 72,808
NET ASSETS 78,073 72,808
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 77,973 72,708
SHAREHOLDERS' FUNDS 78,073 72,808
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For the year ending 30 June 2026 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 Costello
Director
6 October 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Richard Costello Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02819261 . The registered office is 5 Ribblesdale Place, Preston, PR1 8BZ.
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:
Motor Vehicles - 25% on written down value
Fixtures & Fittings - 15% on written down value
Computer Equipment - 33 1/3% on cost
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.
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2.5. 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2025 37,542 1,442 4,291 43,275
Additions - 216 309 525
Disposals - (338 ) - (338 )
As at 30 June 2026 37,542 1,320 4,600 43,462
...CONTINUED
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Depreciation
As at 1 July 2025 26,406 839 4,151 31,396
Provided during the period 2,784 102 228 3,114
Disposals - (338 ) - (338 )
As at 30 June 2026 29,190 603 4,379 34,172
Net Book Value
As at 30 June 2026 8,352 717 221 9,290
As at 1 July 2025 11,136 603 140 11,879
5. Stocks
2026 2025
£ £
Materials 6,520 53,435
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 112,009 85,811
Other debtors 11,555 1,338
123,564 87,149
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 67,406 74,903
Other creditors 20,212 16,383
Taxation and social security 6,430 14,630
94,048 105,916
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 July 2025 Amounts advanced Amounts repaid Amounts written off As at 30 June 2026
£ £ £ £ £
Mr Richard Costello 5,704 (4,702 ) 7,230 - 8,232
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