Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 09695296 Mr Richard Gallacher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09695296 2022-06-30 09695296 2023-06-30 09695296 2022-07-01 2023-06-30 09695296 frs-core:CurrentFinancialInstruments 2023-06-30 09695296 frs-core:Non-currentFinancialInstruments 2023-06-30 09695296 frs-core:ShareCapital 2023-06-30 09695296 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 09695296 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09695296 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 09695296 frs-bus:SmallEntities 2022-07-01 2023-06-30 09695296 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09695296 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09695296 frs-bus:Director1 2022-07-01 2023-06-30 09695296 frs-countries:EnglandWales 2022-07-01 2023-06-30 09695296 2021-06-30 09695296 2022-06-30 09695296 2021-07-01 2022-06-30 09695296 frs-core:CurrentFinancialInstruments 2022-06-30 09695296 frs-core:Non-currentFinancialInstruments 2022-06-30 09695296 frs-core:ShareCapital 2022-06-30 09695296 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 09695296
Gap Capital Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2023
Thomas Christopher & Co
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09695296
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 2,000
Debtors 5 1,133,260 1,168,000
Cash at bank and in hand 899 208
1,134,159 1,170,208
Creditors: Amounts Falling Due Within One Year 6 (413,744 ) (401,544 )
NET CURRENT ASSETS (LIABILITIES) 720,415 768,664
TOTAL ASSETS LESS CURRENT LIABILITIES 720,415 768,664
Creditors: Amounts Falling Due After More Than One Year 7 (712,335 ) (762,335 )
NET ASSETS 8,080 6,329
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 7,980 6,229
SHAREHOLDERS' FUNDS 8,080 6,329
Page 1
Page 2
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Gallacher
Director
28/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gap Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09695296 . The registered office is 44 Orange Row, Brighton, East Sussex, BN1 1UQ.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Stocks
2023 2022
£ £
Stock - 2,000
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,133,260 1,168,000
1,133,260 1,168,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 51,426 21,850
Corporation tax 4,576 4,576
Other taxes and social security 1,284 -
Director's loan account 356,458 375,118
413,744 401,544
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 712,335 762,335
712,335 762,335
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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