Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10799294 Mr Gareth Preece iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10799294 2023-06-30 10799294 2024-06-30 10799294 2023-07-01 2024-06-30 10799294 frs-core:CurrentFinancialInstruments 2024-06-30 10799294 frs-core:FurnitureFittings 2024-06-30 10799294 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10799294 frs-core:FurnitureFittings 2023-06-30 10799294 frs-core:MotorVehicles 2023-07-01 2024-06-30 10799294 frs-core:PlantMachinery 2024-06-30 10799294 frs-core:PlantMachinery 2023-07-01 2024-06-30 10799294 frs-core:PlantMachinery 2023-06-30 10799294 frs-core:ShareCapital 2024-06-30 10799294 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10799294 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10799294 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10799294 frs-bus:SmallEntities 2023-07-01 2024-06-30 10799294 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10799294 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10799294 frs-bus:Director1 2023-07-01 2024-06-30 10799294 frs-countries:EnglandWales 2023-07-01 2024-06-30 10799294 2022-06-30 10799294 2023-06-30 10799294 2022-07-01 2023-06-30 10799294 frs-core:CurrentFinancialInstruments 2023-06-30 10799294 frs-core:ShareCapital 2023-06-30 10799294 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10799294 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 10799294
GPC Skills Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10799294
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,949 2,603
2,949 2,603
CURRENT ASSETS
Debtors 5 49,786 456,367
Cash at bank and in hand 19,378 254,253
69,164 710,620
Creditors: Amounts Falling Due Within One Year 6 (112,891 ) (577,929 )
NET CURRENT ASSETS (LIABILITIES) (43,727 ) 132,691
TOTAL ASSETS LESS CURRENT LIABILITIES (40,778 ) 135,294
NET (LIABILITIES)/ASSETS (40,778 ) 135,294
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (40,878 ) 135,194
SHAREHOLDERS' FUNDS (40,778) 135,294
Page 1
Page 2
For the year ending 30 June 2024 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 Gareth Preece
Director
29/08/2024
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
GPC Skills Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10799294 . The registered office is The Guildhall, Coney Street, York, YO1 9QL.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
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.
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: 10 (2023: 15)
10 15
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 1,487 5,057 6,544
Additions - 1,329 1,329
As at 30 June 2024 1,487 6,386 7,873
Depreciation
As at 1 July 2023 1,017 2,924 3,941
Provided during the period 118 865 983
As at 30 June 2024 1,135 3,789 4,924
Net Book Value
As at 30 June 2024 352 2,597 2,949
As at 1 July 2023 470 2,133 2,603
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,953 85,251
Prepayments and accrued income - 800
Other debtors 2,575 370,316
VAT 13,258 -
49,786 456,367
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 108,414 256,818
Bank loans and overdrafts 1,226 1,780
Corporation tax - 4,003
Other taxes and social security - 25,723
VAT - 12,549
Other creditors - 743
Other creditors (1) - 26,400
Accruals and deferred income 355 249,853
Director's loan account 2,896 60
112,891 577,929
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4