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 08000512 Mrs Tina Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08000512 2022-07-31 08000512 2023-07-31 08000512 2022-08-01 2023-07-31 08000512 frs-core:CurrentFinancialInstruments 2023-07-31 08000512 frs-core:Non-currentFinancialInstruments 2023-07-31 08000512 frs-core:ComputerEquipment 2022-08-01 2023-07-31 08000512 frs-core:FurnitureFittings 2022-08-01 2023-07-31 08000512 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 08000512 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 08000512 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 08000512 frs-core:PlantMachinery 2023-07-31 08000512 frs-core:PlantMachinery 2022-08-01 2023-07-31 08000512 frs-core:PlantMachinery 2022-07-31 08000512 frs-core:ShareCapital 2023-07-31 08000512 frs-core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 08000512 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 08000512 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08000512 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 08000512 frs-bus:SmallEntities 2022-08-01 2023-07-31 08000512 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08000512 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08000512 frs-bus:Director1 2022-08-01 2023-07-31 08000512 frs-countries:EnglandWales 2022-08-01 2023-07-31 08000512 2021-07-31 08000512 2022-07-31 08000512 2021-08-01 2022-07-31 08000512 frs-core:CurrentFinancialInstruments 2022-07-31 08000512 frs-core:Non-currentFinancialInstruments 2022-07-31 08000512 frs-core:ShareCapital 2021-07-31 08000512 frs-core:ShareCapital 2022-07-31 08000512 frs-core:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 08000512 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-07-31 08000512 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 08000512
Grade A Recruitment Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Figures UK Accountancy
Eventus Business Centre
Sunderland Road
Market Deeping
Lincolnshire
PE6 8FD
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Statement of Financial Position
Registered number: 08000512
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,188 6,351
2,188 6,351
CURRENT ASSETS
Debtors 5 963,092 877,941
Cash at bank and in hand 847,952 518,001
1,811,044 1,395,942
Creditors: Amounts Falling Due Within One Year 6 (452,407 ) (191,879 )
NET CURRENT ASSETS (LIABILITIES) 1,358,637 1,204,063
TOTAL ASSETS LESS CURRENT LIABILITIES 1,360,825 1,210,414
Creditors: Amounts Falling Due After More Than One Year 7 (19,028 ) (28,333 )
NET ASSETS 1,341,797 1,182,081
CAPITAL AND RESERVES
Called up share capital 10 10
Income Statement 1,341,787 1,182,071
SHAREHOLDERS' FUNDS 1,341,797 1,182,081
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 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 Income Statement.
On behalf of the board
Mrs Tina Watson
Director
20th September 2023
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 1 August 2021 10 867,313 867,323
Profit for the year and total comprehensive income - 414,758 414,758
Dividends paid - (100,000) (100,000)
As at 31 July 2022 and 1 August 2022 10 1,182,071 1,182,081
Profit for the year and total comprehensive income - 540,572 540,572
Dividends paid - (136,000) (136,000)
Transfer from revaluation reserve - (244,856) (244,856)
As at 31 July 2023 10 1,341,787 1,341,797
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Grade A Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08000512 . The registered office is Unit 6, Orton Enterprise Centre, Bakwell Road, Orton Southgate, Peterborough, PE2 6XU.
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:
Leasehold 20% Straight Line
Plant & Machinery .
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
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: 9 (2022: 9)
9 9
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2022 17,906 13,488 31,394
As at 31 July 2023 17,906 13,488 31,394
Depreciation
As at 1 August 2022 12,137 12,906 25,043
Provided during the period 3,581 582 4,163
As at 31 July 2023 15,718 13,488 29,206
Net Book Value
As at 31 July 2023 2,188 - 2,188
As at 1 August 2022 5,769 582 6,351
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 416,749 253,721
Other debtors - 183,973
Amounts owed by group undertakings 546,343 440,247
963,092 877,941
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 311 2,073
Bank loans and overdrafts 10,000 10,000
Corporation tax 145,623 98,271
VAT 253,726 79,042
Other creditors 42,747 2,493
452,407 191,879
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,028 28,333
19,028 28,333
Page 5