Acorah Software Products - Accounts Production 14.5.501 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 13001896 Mr Mark Balcomb Ms Samantha Bray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13001896 2022-11-30 13001896 2023-11-30 13001896 2022-12-01 2023-11-30 13001896 frs-core:CurrentFinancialInstruments 2023-11-30 13001896 frs-core:Non-currentFinancialInstruments 2023-11-30 13001896 frs-core:BetweenOneFiveYears 2023-11-30 13001896 frs-core:ComputerEquipment 2023-11-30 13001896 frs-core:ComputerEquipment 2022-12-01 2023-11-30 13001896 frs-core:ComputerEquipment 2022-11-30 13001896 frs-core:PlantMachinery 2023-11-30 13001896 frs-core:PlantMachinery 2022-12-01 2023-11-30 13001896 frs-core:PlantMachinery 2022-11-30 13001896 frs-core:ShareCapital 2023-11-30 13001896 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13001896 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13001896 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13001896 frs-bus:SmallEntities 2022-12-01 2023-11-30 13001896 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13001896 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13001896 frs-bus:Director1 2022-12-01 2023-11-30 13001896 frs-bus:Director2 2022-12-01 2023-11-30 13001896 frs-countries:EnglandWales 2022-12-01 2023-11-30 13001896 2021-11-30 13001896 2022-11-30 13001896 2021-12-01 2022-11-30 13001896 frs-core:CurrentFinancialInstruments 2022-11-30 13001896 frs-core:Non-currentFinancialInstruments 2022-11-30 13001896 frs-core:BetweenOneFiveYears 2022-11-30 13001896 frs-core:ShareCapital 2022-11-30 13001896 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 13001896
GB Contract Services Ltd
Financial Statements
For The Year Ended 30 November 2023
Friern Accountancy Ltd
92 Friern Gardens
Wickford
Essex
SS12 0HD
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13001896
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 130,135 87,960
130,135 87,960
CURRENT ASSETS
Debtors 5 105,791 190,674
Cash at bank and in hand 218,343 89,661
324,134 280,335
Creditors: Amounts Falling Due Within One Year 6 (183,417 ) (231,785 )
NET CURRENT ASSETS (LIABILITIES) 140,717 48,550
TOTAL ASSETS LESS CURRENT LIABILITIES 270,852 136,510
Creditors: Amounts Falling Due After More Than One Year 7 (47,099 ) (60,898 )
NET ASSETS 223,753 75,612
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 223,751 75,610
SHAREHOLDERS' FUNDS 223,753 75,612
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Page 2
For the year ending 30 November 2023 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 Mark Balcomb
Director
Ms Samantha Bray
Director
22/03/2024
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
GB Contract Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13001896 . The registered office is Jubilee House, 3 The Drive, Brentwood, Essex, CM13 3FR.
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:
Plant & Machinery 20
Computer Equipment 20
2.4. 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 profit and loss account as incurred.
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 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.
...CONTINUED
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2.5. Taxation - continued
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 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: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 105,101 5,936 111,037
Additions 80,500 - 80,500
As at 30 November 2023 185,601 5,936 191,537
Depreciation
As at 1 December 2022 20,703 2,374 23,077
Provided during the period 37,137 1,188 38,325
As at 30 November 2023 57,840 3,562 61,402
Net Book Value
As at 30 November 2023 127,761 2,374 130,135
As at 1 December 2022 84,398 3,562 87,960
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 105,791 190,674
105,791 190,674
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (2 ) 1
Corporation tax 46,237 25,661
Other taxes and social security 39,272 38,864
VAT 56,134 126,671
Accruals and deferred income 1,200 1,200
Directors' loan accounts 40,576 39,388
183,417 231,785
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 47,099 60,898
47,099 60,898
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 47,099 60,898
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 115,203 75,419
115,203 75,419
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