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 04124552 Mr J Clarke Mrs A Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04124552 2022-10-31 04124552 2023-10-31 04124552 2022-11-01 2023-10-31 04124552 frs-core:CurrentFinancialInstruments 2023-10-31 04124552 frs-core:Non-currentFinancialInstruments 2023-10-31 04124552 frs-core:BetweenOneFiveYears 2023-10-31 04124552 frs-core:ComputerEquipment 2023-10-31 04124552 frs-core:ComputerEquipment 2022-11-01 2023-10-31 04124552 frs-core:ComputerEquipment 2022-10-31 04124552 frs-core:MotorVehicles 2023-10-31 04124552 frs-core:MotorVehicles 2022-11-01 2023-10-31 04124552 frs-core:MotorVehicles 2022-10-31 04124552 frs-core:PlantMachinery 2023-10-31 04124552 frs-core:PlantMachinery 2022-11-01 2023-10-31 04124552 frs-core:PlantMachinery 2022-10-31 04124552 frs-core:WithinOneYear 2023-10-31 04124552 frs-core:ShareCapital 2023-10-31 04124552 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04124552 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04124552 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04124552 frs-bus:SmallEntities 2022-11-01 2023-10-31 04124552 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04124552 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04124552 frs-bus:Director1 2022-11-01 2023-10-31 04124552 frs-bus:Director2 2022-11-01 2023-10-31 04124552 frs-countries:EnglandWales 2022-11-01 2023-10-31 04124552 2021-10-31 04124552 2022-10-31 04124552 2021-11-01 2022-10-31 04124552 frs-core:CurrentFinancialInstruments 2022-10-31 04124552 frs-core:Non-currentFinancialInstruments 2022-10-31 04124552 frs-core:BetweenOneFiveYears 2022-10-31 04124552 frs-core:WithinOneYear 2022-10-31 04124552 frs-core:ShareCapital 2022-10-31 04124552 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 04124552
G.C.D. Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Cooper Associates Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04124552
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 46,425 54,392
46,425 54,392
CURRENT ASSETS
Debtors 6 192,754 54,314
Cash at bank and in hand 54,105 85,928
246,859 140,242
Creditors: Amounts Falling Due Within One Year 7 (207,095 ) (153,162 )
NET CURRENT ASSETS (LIABILITIES) 39,764 (12,920 )
TOTAL ASSETS LESS CURRENT LIABILITIES 86,189 41,472
Creditors: Amounts Falling Due After More Than One Year 8 (32,459 ) (48,226 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,227 ) -
NET ASSETS/(LIABILITIES) 43,503 (6,754 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 43,501 (6,756 )
SHAREHOLDERS' FUNDS 43,503 (6,754)
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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 J Clarke
Director
31st July 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
G.C.D. Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04124552 . The registered office is 41 Clay Close, Dilton Marsh, Westbury, BA13 4DU.
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 25% on cost
Motor Vehicles 20% on reducing balance
Office equipment 25% on cost
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.
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2.5. Financial Instruments
The company holds the following financial instruments:
  • Short term trade and other debtors and creditors;
  • Bank loans; and
  • Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method.
2.6. 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.
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Prior Period Adjustment
The 31 October 2022 accounts have been restated to reflect updated financial information for the prior year in relation to the trade creditor position of the company at that date as well as an asset that was acquired under a Hire Purchase arrangement. 
As a result of the restatement, trade creditiors have incresaed by £72,506, additional fixed assets of £24,249 have been recognised and a hire purchase liability of £18,526 has been introduced.
The changes above have also impcated the corporation tax liability for the company at 31 October 2022 which has decresaed by £13,797.
The result of the adjustments avove is a reduction in retained reserves of the company at 31 October 2022 by £45,813. 
5. Tangible Assets
Plant & Machinery Motor Vehicles Office equipment Total
£ £ £ £
Cost
As at 1 November 2022 44,871 30,916 18,053 93,840
Additions 9,666 - - 9,666
As at 31 October 2023 54,537 30,916 18,053 103,506
Depreciation
As at 1 November 2022 14,574 8,104 16,770 39,448
Provided during the period 10,906 6,183 544 17,633
As at 31 October 2023 25,480 14,287 17,314 57,081
Net Book Value
As at 31 October 2023 29,057 16,629 739 46,425
As at 1 November 2022 30,297 22,812 1,283 54,392
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 192,754 54,314
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Net obligations under finance lease and hire purchase contracts 3,767 3,300
Trade creditors 158,708 72,506
Bank loans and overdrafts 12,000 12,000
Corporation tax 13,671 2,325
Other taxes and social security - 147
VAT 17,159 9,028
Accruals and deferred income 1,600 1,475
Directors' loan accounts 190 52,381
207,095 153,162
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Net obligations under finance lease and hire purchase contracts 11,459 15,226
Bank loans 21,000 33,000
32,459 48,226
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,767 3,300
Later than one year and not later than five years 11,459 15,226
15,226 18,526
15,226 18,526
10. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 2 2
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