Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10348517 Mrs L M Ambler Mr G Ambler true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10348517 2022-10-31 10348517 2023-10-31 10348517 2022-11-01 2023-10-31 10348517 frs-core:CurrentFinancialInstruments 2023-10-31 10348517 frs-core:Non-currentFinancialInstruments 2023-10-31 10348517 frs-core:FurnitureFittings 2023-10-31 10348517 frs-core:FurnitureFittings 2022-11-01 2023-10-31 10348517 frs-core:FurnitureFittings 2022-10-31 10348517 frs-core:NetGoodwill 2023-10-31 10348517 frs-core:NetGoodwill 2022-11-01 2023-10-31 10348517 frs-core:NetGoodwill 2022-10-31 10348517 frs-core:MotorVehicles 2023-10-31 10348517 frs-core:MotorVehicles 2022-11-01 2023-10-31 10348517 frs-core:MotorVehicles 2022-10-31 10348517 frs-core:PlantMachinery 2023-10-31 10348517 frs-core:PlantMachinery 2022-11-01 2023-10-31 10348517 frs-core:PlantMachinery 2022-10-31 10348517 frs-core:ShareCapital 2023-10-31 10348517 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10348517 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10348517 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10348517 frs-bus:SmallEntities 2022-11-01 2023-10-31 10348517 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10348517 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10348517 1 2022-11-01 2023-10-31 10348517 frs-bus:Director1 2022-11-01 2023-10-31 10348517 frs-bus:Director2 2022-11-01 2023-10-31 10348517 frs-countries:EnglandWales 2022-11-01 2023-10-31 10348517 2021-10-31 10348517 2022-10-31 10348517 2021-11-01 2022-10-31 10348517 frs-core:CurrentFinancialInstruments 2022-10-31 10348517 frs-core:Non-currentFinancialInstruments 2022-10-31 10348517 frs-core:ShareCapital 2022-10-31 10348517 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 10348517
G A Engineering (Halifax) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10348517
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 24,000 32,000
Tangible Assets 4 42,681 50,774
66,681 82,774
CURRENT ASSETS
Stocks 5 2,500 2,500
Debtors 6 152,795 202,121
Cash at bank and in hand 116,321 168,745
271,616 373,366
Creditors: Amounts Falling Due Within One Year 7 (104,912 ) (179,130 )
NET CURRENT ASSETS (LIABILITIES) 166,704 194,236
TOTAL ASSETS LESS CURRENT LIABILITIES 233,385 277,010
Creditors: Amounts Falling Due After More Than One Year 8 (17,293 ) (27,293 )
NET ASSETS 216,092 249,717
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 215,992 249,617
SHAREHOLDERS' FUNDS 216,092 249,717
Page 1
Page 2
For the year ending 31 October 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 G Ambler
Director
11th July 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
1.4. 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 10% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. 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
Page 3
Page 4
1.6. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 12 (2022: 9)
12 9
3. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 80,000
As at 31 October 2023 80,000
Amortisation
As at 1 November 2022 48,000
Provided during the period 8,000
As at 31 October 2023 56,000
Net Book Value
As at 31 October 2023 24,000
As at 1 November 2022 32,000
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 45,500 40,378 2,202 88,080
Additions - - 533 533
As at 31 October 2023 45,500 40,378 2,735 88,613
Depreciation
As at 1 November 2022 18,695 17,666 945 37,306
Provided during the period 2,680 5,678 268 8,626
As at 31 October 2023 21,375 23,344 1,213 45,932
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 October 2023 24,125 17,034 1,522 42,681
As at 1 November 2022 26,805 22,712 1,257 50,774
5. Stocks
2023 2022
£ £
Stock 2,500 2,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 125,300 76,668
Other debtors 27,495 125,453
152,795 202,121
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 48,568 65,347
Bank loans and overdrafts 10,000 10,000
Other creditors 17,352 55,563
Taxation and social security 28,992 48,220
104,912 179,130
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,293 27,293
17,293 27,293
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company was controlled throughout the year by the directors who own 100% of the share capital.
Page 5
Page 6
11. General Information
G A Engineering (Halifax) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10348517 . The registered office is Unit 5 Victoria Terminal, Albert Road, Halifax, HX2 0BY.
Page 6