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 13079757 Dr Christopher McDonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13079757 2022-12-31 13079757 2023-12-31 13079757 2023-01-01 2023-12-31 13079757 frs-core:CurrentFinancialInstruments 2023-12-31 13079757 frs-core:ComputerEquipment 2023-12-31 13079757 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13079757 frs-core:ComputerEquipment 2022-12-31 13079757 frs-core:MotorVehicles 2023-12-31 13079757 frs-core:MotorVehicles 2023-01-01 2023-12-31 13079757 frs-core:MotorVehicles 2022-12-31 13079757 frs-core:PlantMachinery 2023-12-31 13079757 frs-core:PlantMachinery 2023-01-01 2023-12-31 13079757 frs-core:PlantMachinery 2022-12-31 13079757 frs-core:ShareCapital 2023-12-31 13079757 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13079757 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13079757 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13079757 frs-bus:SmallEntities 2023-01-01 2023-12-31 13079757 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13079757 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13079757 frs-bus:Director1 2023-01-01 2023-12-31 13079757 frs-bus:Director1 2022-12-31 13079757 frs-bus:Director1 2023-12-31 13079757 frs-countries:EnglandWales 2023-01-01 2023-12-31 13079757 2021-12-31 13079757 2022-12-31 13079757 2022-01-01 2022-12-31 13079757 frs-core:CurrentFinancialInstruments 2022-12-31 13079757 frs-core:ShareCapital 2022-12-31 13079757 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13079757
Golden Triangle Consultants Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
PaperRocket Accounting Ltd
Pure Offices Albany Chambers
26 Bridge Road East
Welwyn Garden City
Hertfordshire
AL7 1HL
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13079757
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,960 689
12,960 689
CURRENT ASSETS
Debtors 5 7,434 -
Cash at bank and in hand 106,569 127,794
114,003 127,794
Creditors: Amounts Falling Due Within One Year 6 (18,291 ) (27,496 )
NET CURRENT ASSETS (LIABILITIES) 95,712 100,298
TOTAL ASSETS LESS CURRENT LIABILITIES 108,672 100,987
NET ASSETS 108,672 100,987
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 108,662 100,977
SHAREHOLDERS' FUNDS 108,672 100,987
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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
Dr Christopher McDonald
Director
10/04/2024
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
Golden Triangle Consultants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13079757 . The registered office is 14-18 York Road, Wetherby, West Yorkshire, LS22 6SL.
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 33% on cost
Motor Vehicles 20% on cost
Computer Equipment 33% on cost
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 1,033 - 478 1,511
Additions - 14,799 1,165 15,964
As at 31 December 2023 1,033 14,799 1,643 17,475
Depreciation
As at 1 January 2023 344 - 478 822
Provided during the period - 2,960 733 3,693
As at 31 December 2023 344 2,960 1,211 4,515
Net Book Value
As at 31 December 2023 689 11,839 432 12,960
As at 1 January 2023 689 - - 689
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,536 -
Other taxes and social security 22 -
Director's loan account 2,876 -
7,434 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1,241
Corporation tax 15,126 22,188
VAT 3,165 2,481
Other creditors - 1,274
Director's loan account - 312
18,291 27,496
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Dr Christopher McDonald 2,876 - - - 2,876
The above loan is unsecured, interest free and repayable on demand. This was repaid in full on 28th March 2024.
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