Acorah Software Products - Accounts Production 14.6.300 false true false 1 November 2022 31 October 2023 31 October 2023 10994962 Mr Gavin Chilcott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10994962 2022-10-31 10994962 2023-10-31 10994962 2022-11-01 2023-10-31 10994962 frs-core:CurrentFinancialInstruments 2023-10-31 10994962 frs-core:Non-currentFinancialInstruments 2023-10-31 10994962 frs-core:ComputerEquipment 2023-10-31 10994962 frs-core:ComputerEquipment 2022-11-01 2023-10-31 10994962 frs-core:ComputerEquipment 2022-10-31 10994962 frs-core:MotorVehicles 2023-10-31 10994962 frs-core:MotorVehicles 2022-11-01 2023-10-31 10994962 frs-core:MotorVehicles 2022-10-31 10994962 frs-core:PlantMachinery 2023-10-31 10994962 frs-core:PlantMachinery 2022-11-01 2023-10-31 10994962 frs-core:PlantMachinery 2022-10-31 10994962 frs-core:ShareCapital 2023-10-31 10994962 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10994962 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10994962 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10994962 frs-bus:SmallEntities 2022-11-01 2023-10-31 10994962 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10994962 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10994962 frs-bus:Director1 2022-11-01 2023-10-31 10994962 frs-countries:EnglandWales 2022-11-01 2023-10-31
Registered number: 10994962
GC Construction(SW) Ltd
Financial Statements
For The Year Ended 31 October 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10994962
2023
Notes £ £
FIXED ASSETS
Tangible Assets 3 29,834
29,834
CURRENT ASSETS
Stocks 4 1,824
Debtors 5 3,958
Cash at bank and in hand 639
6,421
Creditors: Amounts Falling Due Within One Year 6 (55,617 )
NET CURRENT ASSETS (LIABILITIES) (49,196 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,362 )
Creditors: Amounts Falling Due After More Than One Year 7 (15,424 )
NET LIABILITIES (34,786 )
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account (34,787 )
SHAREHOLDERS' FUNDS (34,786)
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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 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 Gavin Chilcott
Director
31st July 2024
The notes on pages 3 to 4 form part of these financial statements.
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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, 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.
1.3. 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 9.5% Reducing balance
Motor Vehicles 9.5% Reducing balance
Computer Equipment 9.5% Reducing balance
1.4. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 8,983 38,571 3,371 50,925
Additions - - 229 229
As at 31 October 2023 8,983 38,571 3,600 51,154
Depreciation
As at 1 November 2022 4,553 12,563 1,958 19,074
Provided during the period 310 1,821 115 2,246
As at 31 October 2023 4,863 14,384 2,073 21,320
Net Book Value
As at 31 October 2023 4,120 24,187 1,527 29,834
As at 1 November 2022 4,430 26,008 1,413 31,851
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4. Stocks
2023
£
Work in progress 1,824
5. Debtors
2023
£
Due within one year
Trade debtors 3,958
3,958
6. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 18,962
Other loans 19,060
Other taxes and social security 1,222
VAT 4,104
Other creditors 2,347
Accruals and deferred income 600
Director's loan account 9,322
55,617
7. Creditors: Amounts Falling Due After More Than One Year
2023
£
Bank loans 15,424
15,424
8. Share Capital
2023
£
Allotted, Called up and fully paid 1
9. General Information
GC Construction(SW) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10994962 . The registered office is 220 Withycombe Village Road, Exmouth, EX8 3BD.
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