Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05505797 Mr S Grimshaw Mrs M Grimshaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05505797 2022-07-31 05505797 2023-07-31 05505797 2022-08-01 2023-07-31 05505797 frs-core:CurrentFinancialInstruments 2023-07-31 05505797 frs-core:Non-currentFinancialInstruments 2023-07-31 05505797 frs-core:BetweenOneFiveYears 2023-07-31 05505797 frs-core:ComputerEquipment 2023-07-31 05505797 frs-core:ComputerEquipment 2022-08-01 2023-07-31 05505797 frs-core:ComputerEquipment 2022-07-31 05505797 frs-core:MotorVehicles 2023-07-31 05505797 frs-core:MotorVehicles 2022-08-01 2023-07-31 05505797 frs-core:MotorVehicles 2022-07-31 05505797 frs-core:PlantMachinery 2023-07-31 05505797 frs-core:PlantMachinery 2022-08-01 2023-07-31 05505797 frs-core:PlantMachinery 2022-07-31 05505797 frs-core:WithinOneYear 2023-07-31 05505797 frs-core:ShareCapital 2023-07-31 05505797 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05505797 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05505797 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05505797 frs-bus:SmallEntities 2022-08-01 2023-07-31 05505797 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05505797 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05505797 frs-core:DeferredTaxation 2022-08-01 2023-07-31 05505797 frs-core:DeferredTaxation 2022-07-31 05505797 frs-core:DeferredTaxation 2023-07-31 05505797 frs-bus:Director1 2022-08-01 2023-07-31 05505797 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 05505797 frs-countries:EnglandWales 2022-08-01 2023-07-31 05505797 2021-07-31 05505797 2022-07-31 05505797 2021-08-01 2022-07-31 05505797 frs-core:CurrentFinancialInstruments 2022-07-31 05505797 frs-core:Non-currentFinancialInstruments 2022-07-31 05505797 frs-core:BetweenOneFiveYears 2022-07-31 05505797 frs-core:WithinOneYear 2022-07-31 05505797 frs-core:ShareCapital 2022-07-31 05505797 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05505797
Grimshaw Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Garrett Adam Accountants Limited
ACCA
3 Johnsons Barns
Waterworks Road
Petersfield
Hampshire
GU32 2BY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05505797
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,198 17,329
12,198 17,329
CURRENT ASSETS
Debtors 5 33,230 115,963
Cash at bank and in hand 56,873 13,651
90,103 129,614
Creditors: Amounts Falling Due Within One Year 6 (50,590 ) (42,549 )
NET CURRENT ASSETS (LIABILITIES) 39,513 87,065
TOTAL ASSETS LESS CURRENT LIABILITIES 51,711 104,394
Creditors: Amounts Falling Due After More Than One Year 7 (44,843 ) (59,563 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (2,789 ) (3,293 )
NET ASSETS 4,079 41,538
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,979 41,438
SHAREHOLDERS' FUNDS 4,079 41,538
Page 1
Page 2
For the year ending 31 July 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 S Grimshaw
Director
10/04/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grimshaw Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05505797 . The registered office is 3 Johnsons Barns, Waterworks Road, Petersfield, Hampshire, GU32 2BY.
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 20% Reducing Balance
Motor Vehicles 25% Straight Line
Computer Equipment 20% Reducing Balance
During the year to 31 July 2023, Grimshaw Limited changed the method of depreciating its motor vehicles from 20% reducing balance to four years on a straight-line basis. This revised method better reflects the entity's consumption of the motor vehicles over their useful lives and is consistent with the entity's replacement cycle. 
The change in depreciation method is a change in accounting estimate and is accounted for in the period of the change and in subsequent periods.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 9,396 22,270 299 31,965
As at 31 July 2023 9,396 22,270 299 31,965
Depreciation
As at 1 August 2022 8,348 6,270 18 14,636
Provided during the period 210 4,865 56 5,131
As at 31 July 2023 8,558 11,135 74 19,767
Net Book Value
As at 31 July 2023 838 11,135 225 12,198
As at 1 August 2022 1,048 16,000 281 17,329
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 14,700 -
Other debtors - 3,428
Corporation tax recoverable assets 18,530 22,495
Director's loan account - 90,040
33,230 115,963
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,547 3,324
Bank loans and overdrafts 9,697 516
Corporation tax 20,904 30,298
Other taxes and social security - 109
VAT 6,323 8,302
Other creditors 452 -
Director's loan account 10,667 -
50,590 42,549
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,067 15,993
Bank loans 32,776 43,570
44,843 59,563
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,547 3,324
Later than one year and not later than five years 12,067 15,993
14,614 19,317
14,614 19,317
9. Deferred Taxation
The deferred tax has been calculated at the effective rate of 23% (2022:19%)
The deferred tax provision is expected to reverse over a number of years as accelerated capital allowances reduce.
2023 2022
£ £
Other timing differences 2,789 3,293
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2022 3,293 3,293
Additions (504 ) (504)
Balance at 31 July 2023 2,789 2,789
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11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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