Acorah Software Products - Accounts Production 15.0.400 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04343192 Mr Saqib Nawaz Mr David Skinner S. Nawaz 11 Hillingdon Avenue, Nuthall, Nottingham, England, NG16 1RA true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04343192 2022-12-31 04343192 2023-12-31 04343192 2023-01-01 2023-12-31 04343192 frs-core:CurrentFinancialInstruments 2023-12-31 04343192 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04343192 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04343192 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 04343192 frs-core:PlantMachinery 2023-12-31 04343192 frs-core:PlantMachinery 2023-01-01 2023-12-31 04343192 frs-core:PlantMachinery 2022-12-31 04343192 frs-core:ShareCapital 2023-12-31 04343192 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04343192 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04343192 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04343192 frs-bus:SmallEntities 2023-01-01 2023-12-31 04343192 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04343192 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04343192 1 2023-01-01 2023-12-31 04343192 frs-bus:Director1 2023-01-01 2023-12-31 04343192 frs-bus:Director2 2023-01-01 2023-12-31 04343192 frs-countries:EnglandWales 2023-01-01 2023-12-31 04343192 2021-12-31 04343192 2022-12-31 04343192 2022-01-01 2022-12-31 04343192 frs-core:CurrentFinancialInstruments 2022-12-31 04343192 frs-core:ShareCapital 2022-12-31 04343192 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04343192
GTA (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04343192
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,409 5,027
3,409 5,027
CURRENT ASSETS
Stocks 5 72,237 68,417
Debtors 6 90,546 67,277
Cash at bank and in hand 84,832 105,524
247,615 241,218
Creditors: Amounts Falling Due Within One Year 7 (124,556 ) (162,032 )
NET CURRENT ASSETS (LIABILITIES) 123,059 79,186
TOTAL ASSETS LESS CURRENT LIABILITIES 126,468 84,213
PROVISIONS FOR LIABILITIES
Deferred Taxation (912 ) (766 )
NET ASSETS 125,556 83,447
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 125,546 83,437
SHAREHOLDERS' FUNDS 125,556 83,447
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For the year ending 31 December 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 David Skinner
Director
19/08/2024
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
GTA (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04343192 . The registered office is 34 Nottingham South Ind Estate, Ruddington Lane Wilford, Nottingham, Nottinghamshire, NG11 7EP.
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. Going Concern Disclosure
As with most businesses we have been impacted by Coronavirus (Covid 19). This has had an impact on our operations, customers, suppliers and staff. We have utlised the grants and benefits available from the Government and are take all the steps we can to protect the future of our business.
Although the total impact is still uncertain the directors believe the company is well placed to manage its business risks successfully.
Accordingly they have a reasonable expectation thet the company has adequate resources to continue in operational existence for the foreseaable future.
The company therefore continues to adopt the going concern basis in preparing its financial statements.
2.3. 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.
2.4. 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:
Leasehold 20% straight line
Plant & Machinery 20% straight line
     Equipment on loan                                         50% straight line
2.5. 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.
2.6. 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.
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2.7. Financial Instruments
The Company only enters into basic financial intstrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
All financial assets and liabilties are initially measured at transaction price and subsequently measured at amortised costs.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
2.10. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2.11. Government Grant
Grant income received in the year is recognised under the accrual model and the revenue received is recognised in income on a systematic basis over the periods in which the entity recognised the related costs for which the grant is compensating.
Grant income received to compensate for expenses or losses already incurred or for the purpose of giving immediate 
financial support to the entity with no future related costs is recognised in income in the period to 
which it becomes receivable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 1,335 23,545 24,880
Additions - 2,854 2,854
As at 31 December 2023 1,335 26,399 27,734
Depreciation
As at 1 January 2023 1,335 18,518 19,853
Provided during the period - 4,472 4,472
As at 31 December 2023 1,335 22,990 24,325
Net Book Value
As at 31 December 2023 - 3,409 3,409
As at 1 January 2023 - 5,027 5,027
5. Stocks
2023 2022
£ £
Stock 72,237 68,417
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 82,366 63,470
Other debtors 8,180 3,807
90,546 67,277
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 85,641 89,875
Other creditors 3,390 45,775
Taxation and social security 35,525 26,382
124,556 162,032
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
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9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is INS-UK HOLDINGS LTD . INS-UK HOLDINGS LTD is incorporated in England. Accounts may be obtained from the secretary, 11 Hillingdon Avenue, Nuthall, Nottingham, England, NG16 1RA . The ultimate controlling party is S. Nawaz who controls 100% of the shares of GTA (UK) Ltd .
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