Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11140952 Mr R Evans Mr D N Griffiths iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11140952 2023-01-31 11140952 2024-01-31 11140952 2023-02-01 2024-01-31 11140952 frs-core:CurrentFinancialInstruments 2024-01-31 11140952 frs-core:FurnitureFittings 2024-01-31 11140952 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11140952 frs-core:FurnitureFittings 2023-01-31 11140952 frs-core:ShareCapital 2024-01-31 11140952 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11140952 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11140952 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11140952 frs-bus:SmallEntities 2023-02-01 2024-01-31 11140952 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11140952 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11140952 frs-bus:Director1 2023-02-01 2024-01-31 11140952 frs-bus:Director2 2023-02-01 2024-01-31 11140952 frs-countries:EnglandWales 2023-02-01 2024-01-31 11140952 2022-01-31 11140952 2023-01-31 11140952 2022-02-01 2023-01-31 11140952 frs-core:CurrentFinancialInstruments 2023-01-31 11140952 frs-core:ShareCapital 2023-01-31 11140952 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11140952
Griffiths Evans Limited
Financial Statements
For The Year Ended 31 January 2024
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11140952
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,139 7,194
3,139 7,194
CURRENT ASSETS
Debtors 5 152,244 420,933
Cash at bank and in hand 394,495 341,314
546,739 762,247
Creditors: Amounts Falling Due Within One Year 6 (177,048 ) (233,844 )
NET CURRENT ASSETS (LIABILITIES) 369,691 528,403
TOTAL ASSETS LESS CURRENT LIABILITIES 372,830 535,597
PROVISIONS FOR LIABILITIES
Deferred Taxation (785 ) (1,367 )
NET ASSETS 372,045 534,230
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 371,845 534,030
SHAREHOLDERS' FUNDS 372,045 534,230
Page 1
Page 2
For the year ending 31 January 2024 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 R Evans
Director
25/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Griffiths Evans Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11140952 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
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:
Fixtures & Fittings 33% straight line
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 39,245
Additions 2,502
As at 31 January 2024 41,747
Depreciation
As at 1 February 2023 32,051
Provided during the period 6,557
As at 31 January 2024 38,608
Net Book Value
As at 31 January 2024 3,139
As at 1 February 2023 7,194
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 130,772 404,479
Other debtors 21,472 16,454
152,244 420,933
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,715 6,014
Corporation tax 91,880 -
Other taxes and social security 71,490 221,018
Other creditors 8,725 6,380
Directors' loan accounts 238 432
177,048 233,844
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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