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 NI627419 Mr Peter Nicholl iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI627419 2022-10-31 NI627419 2023-10-31 NI627419 2022-11-01 2023-10-31 NI627419 frs-core:CurrentFinancialInstruments 2023-10-31 NI627419 frs-core:Non-currentFinancialInstruments 2023-10-31 NI627419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 NI627419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 NI627419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 NI627419 frs-core:PlantMachinery 2023-10-31 NI627419 frs-core:PlantMachinery 2022-11-01 2023-10-31 NI627419 frs-core:PlantMachinery 2022-10-31 NI627419 frs-core:OtherReservesSubtotal 2023-10-31 NI627419 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI627419 frs-bus:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 NI627419 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 NI627419 frs-bus:SmallEntities 2022-11-01 2023-10-31 NI627419 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 NI627419 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI627419 frs-bus:Director1 2022-11-01 2023-10-31 NI627419 frs-countries:NorthernIreland 2022-11-01 2023-10-31 NI627419 2021-10-31 NI627419 2022-10-31 NI627419 2021-11-01 2022-10-31 NI627419 frs-core:CurrentFinancialInstruments 2022-10-31 NI627419 frs-core:Non-currentFinancialInstruments 2022-10-31 NI627419 frs-core:OtherReservesSubtotal 2022-10-31 NI627419 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: NI627419
Glor Leim An Mhadaidh Community Development Group
Unaudited Financial Statements
For The Year Ended 31 October 2023
Crossan and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI627419
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 603,540 636,316
603,540 636,316
CURRENT ASSETS
Cash at bank and in hand 35,094 31,867
35,094 31,867
Creditors: Amounts Falling Due Within One Year 5 (1,884 ) (2,617 )
NET CURRENT ASSETS (LIABILITIES) 33,210 29,250
TOTAL ASSETS LESS CURRENT LIABILITIES 636,750 665,566
Creditors: Amounts Falling Due After More Than One Year 6 (433,373 ) (457,730 )
NET ASSETS 203,377 207,836
RESERVES
Other reserves 157,136 157,136
Income and Expenditure Account 46,241 50,700
MEMBERS' FUNDS 203,377 207,836
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 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 Income and Expenditure Account.
On behalf of the board
Mr Peter Nicholl
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Glor Leim An Mhadaidh Community Development Group is a private company, limited by guarantee, incorporated in Northern Ireland, registered number NI627419 . The registered office is 38 Irish Green Street, Limavady, BT49 9AE.
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:
Freehold 5% Straight line
Plant & Machinery 20% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 November 2022 779,312 37,771 817,083
Additions - 17,180 17,180
As at 31 October 2023 779,312 54,951 834,263
Depreciation
As at 1 November 2022 162,713 18,054 180,767
Provided during the period 38,966 10,990 49,956
As at 31 October 2023 201,679 29,044 230,723
Net Book Value
As at 31 October 2023 577,633 25,907 603,540
As at 1 November 2022 616,599 19,717 636,316
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - (1 )
Accruals and deferred income 1,884 2,618
1,884 2,617
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
UCIT Loan 4,658 6,451
Designated funds - Restricted 428,715 451,279
433,373 457,730
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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