Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12357400 Mr J E Boland Mr A T Godfrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12357400 2023-03-31 12357400 2024-03-31 12357400 2023-04-01 2024-03-31 12357400 frs-core:CurrentFinancialInstruments 2024-03-31 12357400 frs-core:Non-currentFinancialInstruments 2024-03-31 12357400 frs-core:BetweenOneFiveYears 2024-03-31 12357400 frs-core:ComputerEquipment 2024-03-31 12357400 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12357400 frs-core:ComputerEquipment 2023-03-31 12357400 frs-core:MotorVehicles 2024-03-31 12357400 frs-core:MotorVehicles 2023-04-01 2024-03-31 12357400 frs-core:MotorVehicles 2023-03-31 12357400 frs-core:PlantMachinery 2024-03-31 12357400 frs-core:PlantMachinery 2023-04-01 2024-03-31 12357400 frs-core:PlantMachinery 2023-03-31 12357400 frs-core:WithinOneYear 2024-03-31 12357400 frs-core:ShareCapital 2024-03-31 12357400 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12357400 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12357400 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12357400 frs-bus:SmallEntities 2023-04-01 2024-03-31 12357400 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12357400 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12357400 frs-bus:Director1 2023-04-01 2024-03-31 12357400 frs-bus:Director2 2023-04-01 2024-03-31 12357400 frs-countries:EnglandWales 2023-04-01 2024-03-31 12357400 2022-03-31 12357400 2023-03-31 12357400 2022-04-01 2023-03-31 12357400 frs-core:CurrentFinancialInstruments 2023-03-31 12357400 frs-core:Non-currentFinancialInstruments 2023-03-31 12357400 frs-core:BetweenOneFiveYears 2023-03-31 12357400 frs-core:WithinOneYear 2023-03-31 12357400 frs-core:ShareCapital 2023-03-31 12357400 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12357400
G.A.B Scaffold Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12357400
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 151,583 146,801
151,583 146,801
CURRENT ASSETS
Stocks 5 40,000 -
Debtors 6 83,097 67,268
Cash at bank and in hand 14,080 10,751
137,177 78,019
Creditors: Amounts Falling Due Within One Year 7 (139,818 ) (145,896 )
NET CURRENT ASSETS (LIABILITIES) (2,641 ) (67,877 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,942 78,924
Creditors: Amounts Falling Due After More Than One Year 8 (52,833 ) (13,972 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,801 ) -
NET ASSETS 67,308 64,952
CAPITAL AND RESERVES
Called up share capital 10 102 102
Profit and Loss Account 67,206 64,850
SHAREHOLDERS' FUNDS 67,308 64,952
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 A T Godfrey
Director
28 August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G.A.B Scaffold Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12357400 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 and machinery 20% Reducing balance
Motor vehicles 25% Reducing balance
Computer equipment 20% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant and machinery Motor vehicles Computer equipment Total
£ £ £ £
Cost
As at 1 April 2023 159,384 44,547 - 203,931
Additions 39,553 - 5,500 45,053
As at 31 March 2024 198,937 44,547 5,500 248,984
Depreciation
As at 1 April 2023 45,091 12,039 - 57,130
Provided during the period 30,769 8,127 1,375 40,271
As at 31 March 2024 75,860 20,166 1,375 97,401
Net Book Value
As at 31 March 2024 123,077 24,381 4,125 151,583
As at 1 April 2023 114,293 32,508 - 146,801
5. Stocks
2024 2023
£ £
Work in progress 40,000 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,624 38,812
Other debtors 43,473 28,456
83,097 67,268
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,791 -
Trade creditors 39,901 95,545
Bank loans and overdrafts 3,000 3,000
Other creditors 67,192 41,983
Taxation and social security 12,934 5,368
139,818 145,896
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,333 8,069
Bank loans 3,500 5,903
52,833 13,972
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,791 -
Later than one year and not later than five years 49,333 8,069
66,124 8,069
66,124 8,069
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,233 -
Later than one year and not later than five years 19,344 -
31,577 -
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12. Related Party Transactions
The following related party transactions were undertaken during the year:
The directors withdrew amounts totalling £86,469, introduced amounts totalling £41,122 and were issued dividends totalling £40,000. At the balance sheet date the amount owed to the directors from the company was £36,638 (2023: £41,984).
Dividends were paid to the directors in respect of their ordinary shareholdings totalling £40,000.
The aggregate remuneration paid to key management personnel for the year was £22,898.
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be
disclosed in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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