Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 October 2022 false 1 August 2023 31 July 2024 31 July 2024 00969144 Mr Gerard McVeigh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00969144 2023-07-31 00969144 2024-07-31 00969144 2023-08-01 2024-07-31 00969144 frs-core:CurrentFinancialInstruments 2024-07-31 00969144 frs-core:ComputerEquipment 2024-07-31 00969144 frs-core:ComputerEquipment 2023-08-01 2024-07-31 00969144 frs-core:ComputerEquipment 2023-07-31 00969144 frs-core:FurnitureFittings 2024-07-31 00969144 frs-core:FurnitureFittings 2023-08-01 2024-07-31 00969144 frs-core:FurnitureFittings 2023-07-31 00969144 frs-core:MotorVehicles 2024-07-31 00969144 frs-core:MotorVehicles 2023-08-01 2024-07-31 00969144 frs-core:MotorVehicles 2023-07-31 00969144 frs-core:PlantMachinery 2024-07-31 00969144 frs-core:PlantMachinery 2023-08-01 2024-07-31 00969144 frs-core:PlantMachinery 2023-07-31 00969144 frs-core:WithinOneYear 2024-07-31 00969144 frs-core:ShareCapital 2024-07-31 00969144 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 00969144 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 00969144 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 00969144 frs-bus:SmallEntities 2023-08-01 2024-07-31 00969144 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 00969144 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 00969144 frs-bus:Director1 2023-08-01 2024-07-31 00969144 frs-countries:EnglandWales 2023-08-01 2024-07-31 00969144 2022-09-30 00969144 2023-07-31 00969144 2022-10-01 2023-07-31 00969144 frs-core:CurrentFinancialInstruments 2023-07-31 00969144 frs-core:WithinOneYear 2023-07-31 00969144 frs-core:ShareCapital 2023-07-31 00969144 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 00969144
G. McVeigh & Co. Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 00969144
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68,048 87,772
68,048 87,772
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 153,326 105,010
Cash at bank and in hand 249,091 83,605
404,417 190,615
Creditors: Amounts Falling Due Within One Year 7 (356,110 ) (254,934 )
NET CURRENT ASSETS (LIABILITIES) 48,307 (64,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES 116,355 23,453
NET ASSETS 116,355 23,453
CAPITAL AND RESERVES
Called up share capital 9 300 300
Income Statement 116,055 23,153
SHAREHOLDERS' FUNDS 116,355 23,453
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Page 2
For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr Gerard McVeigh
Director
5 September 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
G. McVeigh & Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00969144 . The registered office is Timothys Bridge Road,, Stratford-Upon-Avon,, Warwicks, CV37 9NQ.
The presentation currency of the financial statements is the Pound STirling (£).
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.
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 20% Straight Line
Motor Vehicles 25%/33.3% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 33.3% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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 income statement 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 income statement as incurred.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 9)
6 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 800,706 428,539 8,288 2,018 1,239,551
As at 31 July 2024 800,706 428,539 8,288 2,018 1,239,551
Depreciation
As at 1 August 2023 786,817 356,253 7,476 1,233 1,151,779
Provided during the period 3,472 15,853 203 196 19,724
As at 31 July 2024 790,289 372,106 7,679 1,429 1,171,503
Net Book Value
As at 31 July 2024 10,417 56,433 609 589 68,048
As at 1 August 2023 13,889 72,286 812 785 87,772
5. Stocks
31 July 2024 31 July 2023
£ £
Materials 2,000 2,000
6. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Trade debtors 119,316 76,544
Other debtors 34,010 28,466
153,326 105,010
7. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Net obligations under finance lease and hire purchase contracts 382 19,941
Trade creditors 144,100 70,161
Bank loans and overdrafts 23,421 33,229
Other loans - 50,000
Other creditors 57,963 3,218
Taxation and social security 130,244 78,385
356,110 254,934
8. Obligations Under Finance Leases and Hire Purchase
31 July 2024 31 July 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 382 19,941
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9. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 300 300
Page 5