Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07312855 Mr G A Marshall Mrs T J Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07312855 2023-03-31 07312855 2024-03-31 07312855 2023-04-01 2024-03-31 07312855 frs-core:CurrentFinancialInstruments 2024-03-31 07312855 frs-core:Non-currentFinancialInstruments 2024-03-31 07312855 frs-core:MotorVehicles 2024-03-31 07312855 frs-core:MotorVehicles 2023-04-01 2024-03-31 07312855 frs-core:MotorVehicles 2023-03-31 07312855 frs-core:PlantMachinery 2024-03-31 07312855 frs-core:PlantMachinery 2023-04-01 2024-03-31 07312855 frs-core:PlantMachinery 2023-03-31 07312855 frs-core:ShareCapital 2024-03-31 07312855 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07312855 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07312855 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07312855 frs-bus:SmallEntities 2023-04-01 2024-03-31 07312855 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07312855 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07312855 frs-bus:Director1 2023-04-01 2024-03-31 07312855 frs-bus:Director2 2023-04-01 2024-03-31 07312855 frs-countries:EnglandWales 2023-04-01 2024-03-31 07312855 2022-03-31 07312855 2023-03-31 07312855 2022-04-01 2023-03-31 07312855 frs-core:CurrentFinancialInstruments 2023-03-31 07312855 frs-core:Non-currentFinancialInstruments 2023-03-31 07312855 frs-core:ShareCapital 2023-03-31 07312855 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07312855
GM Data Communications Ltd
Financial Statements
For The Year Ended 31 March 2024
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way
Loughborough
LE11 5XR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07312855
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,497 6,114
4,497 6,114
CURRENT ASSETS
Debtors 5 5,449 4,637
Cash at bank and in hand 5,885 7,615
11,334 12,252
Creditors: Amounts Falling Due Within One Year 6 (10,908 ) (10,289 )
NET CURRENT ASSETS (LIABILITIES) 426 1,963
TOTAL ASSETS LESS CURRENT LIABILITIES 4,923 8,077
Creditors: Amounts Falling Due After More Than One Year 7 (3,974 ) (6,435 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (854 ) (1,161 )
NET ASSETS 95 481
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (5 ) 381
SHAREHOLDERS' FUNDS 95 481
Page 1
Page 2
For the year ending 31 March 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 G A Marshall
Director
30th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GM Data Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07312855 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.
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
2.4. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 3,456 7,000 10,456
Disposals (156 ) - (156 )
As at 31 March 2024 3,300 7,000 10,300
Depreciation
As at 1 April 2023 2,592 1,750 4,342
Provided during the period 187 1,313 1,500
Disposals (39 ) - (39 )
As at 31 March 2024 2,740 3,063 5,803
Net Book Value
As at 31 March 2024 560 3,937 4,497
As at 1 April 2023 864 5,250 6,114
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,071 4,291
Prepayments and accrued income 378 346
5,449 4,637
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 346 279
Bank loans and overdrafts 2,400 2,300
Corporation tax 1,260 3,072
Other taxes and social security 1,476 441
VAT 2,397 1,899
Other creditors 1,819 -
Accruals and deferred income 950 850
Directors' loan accounts 260 1,448
10,908 10,289
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,974 6,435
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The Directors received dividends in the year of £4,450 (2023: £17,170)).
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