Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 07002009 Mrs Anisa Fazal Mrs Anisa Fazal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07002009 2022-08-31 07002009 2023-08-31 07002009 2022-09-01 2023-08-31 07002009 frs-core:CurrentFinancialInstruments 2023-08-31 07002009 frs-core:FurnitureFittings 2023-08-31 07002009 frs-core:FurnitureFittings 2022-09-01 2023-08-31 07002009 frs-core:FurnitureFittings 2022-08-31 07002009 frs-core:PlantMachinery 2023-08-31 07002009 frs-core:PlantMachinery 2022-09-01 2023-08-31 07002009 frs-core:PlantMachinery 2022-08-31 07002009 frs-core:ShareCapital 2023-08-31 07002009 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07002009 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07002009 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 07002009 frs-bus:SmallEntities 2022-09-01 2023-08-31 07002009 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 07002009 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07002009 frs-bus:Director1 2022-09-01 2023-08-31 07002009 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 07002009 1 2022-09-01 2023-08-31 07002009 frs-countries:EnglandWales 2022-09-01 2023-08-31 07002009 2021-08-31 07002009 2022-08-31 07002009 2021-09-01 2022-08-31 07002009 frs-core:CurrentFinancialInstruments 2022-08-31 07002009 frs-core:ShareCapital 2022-08-31 07002009 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 07002009 1 2021-09-01 2022-08-31
Registered number: 07002009
Gelada Networks Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07002009
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 168,082 288,319
Cash at bank and in hand 12,671 42,611
180,753 330,930
Creditors: Amounts Falling Due Within One Year 6 (139,668 ) (108,592 )
NET CURRENT ASSETS (LIABILITIES) 41,085 222,338
TOTAL ASSETS LESS CURRENT LIABILITIES 41,085 222,338
NET ASSETS 41,085 222,338
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 41,083 222,336
SHAREHOLDERS' FUNDS 41,085 222,338
Page 1
Page 2
For the year ending 31 August 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 her 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
Mrs Anisa Fazal
Director
18 April 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
Gelada Networks Solutions Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 07002009 . The registered office is Profile West Suit 2, First Floor, 950 Great West Road, Brentford, United Kingdom, TW8 9ES.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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 and machinery 25% straight line
Fixtures and fittings 25% straight line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
Deferred tax has not been recognised as it is not material to the financial statements. The director will review this annually.
Page 3
Page 4
2.7. 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.
2.8. 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
2023 2022
Average number of employees, including directors, during the year 6 6
6 6
4. Tangible Assets
Plant and machinery Fixtures and fittings Total
£ £ £
Cost
As at 1 September 2022 1,673 2,972 4,645
As at 31 August 2023 1,673 2,972 4,645
Depreciation
As at 1 September 2022 1,673 2,972 4,645
As at 31 August 2023 1,673 2,972 4,645
Net Book Value
As at 31 August 2023 - - -
As at 1 September 2022 - - -
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 146,470 275,608
Other debtors 21,612 12,711
168,082 288,319
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 26,292 -
Bank loans and overdrafts - 9,068
Other creditors 74,614 62,502
Taxation and social security 38,762 37,022
139,668 108,592
Page 5