Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 19 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13753649 Mr William Gallie Mr William Gallie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13753649 2022-11-30 13753649 2023-11-30 13753649 2022-12-01 2023-11-30 13753649 frs-core:CurrentFinancialInstruments 2023-11-30 13753649 frs-core:Non-currentFinancialInstruments 2023-11-30 13753649 frs-core:FurnitureFittings 2023-11-30 13753649 frs-core:FurnitureFittings 2022-12-01 2023-11-30 13753649 frs-core:FurnitureFittings 2022-11-30 13753649 frs-core:PlantMachinery 2023-11-30 13753649 frs-core:PlantMachinery 2022-12-01 2023-11-30 13753649 frs-core:PlantMachinery 2022-11-30 13753649 frs-core:ShareCapital 2023-11-30 13753649 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13753649 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13753649 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13753649 frs-bus:SmallEntities 2022-12-01 2023-11-30 13753649 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13753649 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13753649 frs-bus:Director1 2022-12-01 2023-11-30 13753649 frs-bus:Director1 2022-11-30 13753649 frs-bus:Director1 2023-11-30 13753649 frs-bus:Director2 2022-12-01 2023-11-30 13753649 frs-countries:EnglandWales 2022-12-01 2023-11-30 13753649 2021-11-18 13753649 2022-11-30 13753649 2021-11-19 2022-11-30 13753649 frs-core:CurrentFinancialInstruments 2022-11-30 13753649 frs-core:Non-currentFinancialInstruments 2022-11-30 13753649 frs-core:ShareCapital 2022-11-30 13753649 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 13753649
Gallie Inns Ltd
Financial Statements
For The Year Ended 30 November 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13753649
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,926 114,761
113,926 114,761
CURRENT ASSETS
Stocks 5 25,806 24,867
Debtors 6 45,595 5,000
Cash at bank and in hand 53,477 44,802
124,878 74,669
Creditors: Amounts Falling Due Within One Year 7 (143,606 ) (98,975 )
NET CURRENT ASSETS (LIABILITIES) (18,728 ) (24,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES 95,198 90,455
Creditors: Amounts Falling Due After More Than One Year 8 (50,642 ) (83,886 )
NET ASSETS 44,556 6,569
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account 44,454 6,467
SHAREHOLDERS' FUNDS 44,556 6,569
Page 1
Page 2
For the year ending 30 November 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 William Gallie
Director
16/02/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Gallie Inns Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13753649 . The registered office is 10 Bolton Road West, Ramsbottom, Lancashire, BL0 9ND.
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 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2022: 34)
40 34
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 26,230 97,254 123,484
Additions 3,422 21,068 24,490
As at 30 November 2023 29,652 118,322 147,974
Depreciation
As at 1 December 2022 2,336 6,387 8,723
Provided during the period 5,210 20,115 25,325
As at 30 November 2023 7,546 26,502 34,048
...CONTINUED
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Page 4
Net Book Value
As at 30 November 2023 22,106 91,820 113,926
As at 1 December 2022 23,894 90,867 114,761
5. Stocks
30 November 2023 30 November 2022
£ £
Finished goods 25,806 24,867
6. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Prepayments and accrued income 32,000 -
Other debtors 5,000 5,000
Directors' loan accounts 8,595 -
45,595 5,000
7. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Trade creditors 27,439 12,989
Bank loans and overdrafts 22,000 -
Other loans 18,996 -
Other taxes and social security 1,343 1,689
VAT 35,118 11,809
Other creditors 38,710 57,575
Directors' loan accounts - 14,913
143,606 98,975
Included within other creditors is £31,910 (2022 - £51,401) owed to Roukin Brig Ltd as an intercompany loan. The company is
related via common directorship.
Included within other creditors is £6,800 (2022 - £6,174) owed to Gallie Holding Ltd as an intercompany loan. The company is
related via common directorship.
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
Other loans 50,642 83,886
50,642 83,886
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9. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 102 102
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr William Gallie (14,913 ) 24,153 645 - 8,595
Interest has been charged at the official rate of interest of 2.5%.
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