Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08605641 Mr. Ian Hatfield G4B (Holdings) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08605641 2022-12-31 08605641 2023-12-31 08605641 2023-01-01 2023-12-31 08605641 frs-core:CurrentFinancialInstruments 2023-12-31 08605641 frs-core:Non-currentFinancialInstruments 2023-12-31 08605641 frs-core:BetweenOneFiveYears 2023-12-31 08605641 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08605641 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08605641 frs-core:PlantMachinery 2023-12-31 08605641 frs-core:PlantMachinery 2023-01-01 2023-12-31 08605641 frs-core:PlantMachinery 2022-12-31 08605641 frs-core:WithinOneYear 2023-12-31 08605641 frs-core:ShareCapital 2023-12-31 08605641 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08605641 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08605641 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08605641 frs-bus:SmallEntities 2023-01-01 2023-12-31 08605641 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08605641 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08605641 1 2023-01-01 2023-12-31 08605641 frs-bus:Director1 2023-01-01 2023-12-31 08605641 frs-countries:EnglandWales 2023-01-01 2023-12-31 08605641 2021-12-31 08605641 2022-12-31 08605641 2022-01-01 2022-12-31 08605641 frs-core:CurrentFinancialInstruments 2022-12-31 08605641 frs-core:Non-currentFinancialInstruments 2022-12-31 08605641 frs-core:BetweenOneFiveYears 2022-12-31 08605641 frs-core:WithinOneYear 2022-12-31 08605641 frs-core:ShareCapital 2022-12-31 08605641 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08605641
G4B CNC Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
PPW Limited Trading As Price Pearson Wheatley
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08605641
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 25,218
- 25,218
CURRENT ASSETS
Stocks 5 1,100 1,950
Debtors 6 2,537 266,525
3,637 268,475
Creditors: Amounts Falling Due Within One Year 7 - (218,265 )
NET CURRENT ASSETS (LIABILITIES) 3,637 50,210
TOTAL ASSETS LESS CURRENT LIABILITIES 3,637 75,428
PROVISIONS FOR LIABILITIES
Deferred Taxation - (6,300 )
NET ASSETS 3,637 69,128
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 3,537 69,028
SHAREHOLDERS' FUNDS 3,637 69,128
Page 1
Page 2
For the year ending 31 December 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. Ian Hatfield
Director
18/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G4B CNC Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08605641 . The registered office is Unit 42 Wassage Way, Hampton Lovett Industrial Estate, Droitwich, Worcestershire, WR9 0NX.
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.
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 10% p.a. reducing balance basis
Fixtures & Fittings 25% p.a. reducing balance basis
Computer Equipment 33% p.a. reducing balance basis
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. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Clasification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

...CONTINUED
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2.5. Financial Instruments - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


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 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.
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.
2.7. 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: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 63,408
Disposals (63,408 )
Depreciation
As at 1 January 2023 38,190
Disposals (38,190 )
As at 31 December 2023 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 25,218
5. Stocks
2023 2022
£ £
Stock 1,100 1,950
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,537 2,538
2,537 2,538
Due after more than one year
Amounts owed by group undertakings - 263,987
- 263,987
2,537 266,525
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Amounts owed to parent undertaking - 218,265
- 218,265
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 11,400 11,400
Later than one year and not later than five years 34,200 45,600
45,600 57,000
10. Related Party Transactions
The company provides and receives financial support to and from fellow subsidiary G4B Limited.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is G4B (Holdings) Limited. G4B (Holdings) Limited was incorporated in England. The ultimate controlling party is G4B (Holdings) Limited who controls 100% of the shares of G4B CNC Limited .
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