Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07701834 Mr Paul Igoe Mr James Igoe Mrs Dawn Igoe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07701834 2022-12-31 07701834 2023-12-31 07701834 2023-01-01 2023-12-31 07701834 frs-core:CurrentFinancialInstruments 2023-12-31 07701834 frs-core:ComputerEquipment 2023-12-31 07701834 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07701834 frs-core:ComputerEquipment 2022-12-31 07701834 frs-core:FurnitureFittings 2023-12-31 07701834 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07701834 frs-core:FurnitureFittings 2022-12-31 07701834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 07701834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07701834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 07701834 frs-core:MotorVehicles 2023-01-01 2023-12-31 07701834 frs-core:PlantMachinery 2023-12-31 07701834 frs-core:PlantMachinery 2023-01-01 2023-12-31 07701834 frs-core:PlantMachinery 2022-12-31 07701834 frs-core:ShareCapital 2023-12-31 07701834 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07701834 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07701834 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07701834 frs-bus:SmallEntities 2023-01-01 2023-12-31 07701834 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07701834 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07701834 frs-bus:Director1 2023-01-01 2023-12-31 07701834 frs-bus:Director2 2023-01-01 2023-12-31 07701834 frs-bus:Director3 2023-01-01 2023-12-31 07701834 frs-countries:EnglandWales 2023-01-01 2023-12-31 07701834 2021-12-31 07701834 2022-12-31 07701834 2022-01-01 2022-12-31 07701834 frs-core:CurrentFinancialInstruments 2022-12-31 07701834 frs-core:ShareCapital 2022-12-31 07701834 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07701834
GHW Carlton Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Association of Chartered Certified Accountants (ACCA)
Castle Accounting
228a Aylestone Lane
Wigston
Leicestershire
LE18 1BD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07701834
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 415,710 427,904
415,710 427,904
CURRENT ASSETS
Stocks 5 4,984 6,867
Cash at bank and in hand 88,646 63,712
93,630 70,579
Creditors: Amounts Falling Due Within One Year 6 (209,747 ) (200,817 )
NET CURRENT ASSETS (LIABILITIES) (116,117 ) (130,238 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,593 297,666
NET ASSETS 299,593 297,666
CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Profit and Loss Account (407 ) (2,334 )
SHAREHOLDERS' FUNDS 299,593 297,666
Page 1
Page 2
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 James Igoe
Director
19th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GHW Carlton Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07701834 . The registered office is 39 Main Street, Carlton, Nuneaton, CV13 0BZ.
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:
Freehold 2% Straight Line
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line
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.
2.5. 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 year 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 asset reflects 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 30 (2022: 30)
30 30
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 498,060 59,229 3,598 996 561,883
Additions - - - 285 285
As at 31 December 2023 498,060 59,229 3,598 1,281 562,168
Depreciation
As at 1 January 2023 74,537 56,891 2,302 249 133,979
Provided during the period 9,961 2,066 194 258 12,479
As at 31 December 2023 84,498 58,957 2,496 507 146,458
Net Book Value
As at 31 December 2023 413,562 272 1,102 774 415,710
As at 1 January 2023 423,523 2,338 1,296 747 427,904
5. Stocks
2023 2022
£ £
Stock 4,984 6,867
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 21,279 14,573
Corporation tax 1,602 1,853
Other taxes and social security 1,238 2,449
VAT 23,273 23,194
Accruals and deferred income 12,355 975
Directors' loan accounts 150,000 157,773
209,747 200,817
Page 4