Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 11579068 Mr IONUT GHINET Mrs ALEXANDRA GHINET iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11579068 2022-09-30 11579068 2023-09-30 11579068 2022-10-01 2023-09-30 11579068 frs-core:CurrentFinancialInstruments 2023-09-30 11579068 frs-core:Non-currentFinancialInstruments 2023-09-30 11579068 frs-core:ComputerEquipment 2023-09-30 11579068 frs-core:ComputerEquipment 2022-10-01 2023-09-30 11579068 frs-core:ComputerEquipment 2022-09-30 11579068 frs-core:FurnitureFittings 2023-09-30 11579068 frs-core:FurnitureFittings 2022-10-01 2023-09-30 11579068 frs-core:FurnitureFittings 2022-09-30 11579068 frs-core:MotorVehicles 2023-09-30 11579068 frs-core:MotorVehicles 2022-10-01 2023-09-30 11579068 frs-core:MotorVehicles 2022-09-30 11579068 frs-core:ShareCapital 2023-09-30 11579068 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 11579068 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11579068 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 11579068 frs-bus:SmallEntities 2022-10-01 2023-09-30 11579068 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 11579068 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 11579068 frs-bus:Director1 2022-10-01 2023-09-30 11579068 frs-bus:Director1 2022-09-30 11579068 frs-bus:Director1 2023-09-30 11579068 frs-bus:Director2 2022-10-01 2023-09-30 11579068 frs-countries:EnglandWales 2022-10-01 2023-09-30 11579068 2021-09-30 11579068 2022-09-30 11579068 2021-10-01 2022-09-30 11579068 frs-core:CurrentFinancialInstruments 2022-09-30 11579068 frs-core:Non-currentFinancialInstruments 2022-09-30 11579068 frs-core:ShareCapital 2022-09-30 11579068 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 11579068
G ALLEGRO LOGISTICS LTD
Financial Statements
For The Year Ended 30 September 2023
BROMLEY ACCOUNTANTS LIMITED
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11579068
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 526,609 667,909
526,609 667,909
CURRENT ASSETS
Debtors 5 160,963 283,559
Cash at bank and in hand 176,091 74,526
337,054 358,085
Creditors: Amounts Falling Due Within One Year 6 (520,395 ) (550,731 )
NET CURRENT ASSETS (LIABILITIES) (183,341 ) (192,646 )
TOTAL ASSETS LESS CURRENT LIABILITIES 343,268 475,263
Creditors: Amounts Falling Due After More Than One Year 7 (26,299 ) (37,500 )
NET ASSETS 316,969 437,763
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 316,869 437,663
SHAREHOLDERS' FUNDS 316,969 437,763
Page 1
Page 2
For the year ending 30 September 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 IONUT GHINET
Director
18/03/2024
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
G ALLEGRO LOGISTICS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11579068 . The registered office is 17 Downs Hill, Beckenham, BR3 5HA.
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% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2022 829,473 32,102 98,146 959,721
Additions 87,185 14,933 18,200 120,318
Disposals (129,505 ) - - (129,505 )
As at 30 September 2023 787,153 47,035 116,346 950,534
Depreciation
As at 1 October 2022 263,602 4,691 23,519 291,812
Provided during the period 143,673 9,086 20,722 173,481
Impairment losses 11,209 - - 11,209
Disposals (52,577 ) - - (52,577 )
As at 30 September 2023 365,907 13,777 44,241 423,925
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 September 2023 421,246 33,258 72,105 526,609
As at 1 October 2022 565,871 27,411 74,627 667,909
5. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 99,118 128,356
Prepayments and accrued income 61,845 -
Directors' loan accounts - 155,203
160,963 283,559
6. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 349,783 455,681
Other taxes and social security 1,280 -
VAT 69,234 93,850
Accruals and deferred income 97,625 1,200
Directors' loan accounts 2,473 -
520,395 550,731
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans 26,299 37,500
26,299 37,500
8. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr IONUT GHINET 155,203 - 157,676 - (2,473 )
The above loan is unsecured, interest free and repayable on demand.
Page 4