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 08647739 Mr J J Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08647739 2022-12-31 08647739 2023-12-31 08647739 2023-01-01 2023-12-31 08647739 frs-core:CurrentFinancialInstruments 2023-12-31 08647739 frs-core:ComputerEquipment 2023-12-31 08647739 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08647739 frs-core:ComputerEquipment 2022-12-31 08647739 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 08647739 frs-core:MotorVehicles 2023-12-31 08647739 frs-core:MotorVehicles 2023-01-01 2023-12-31 08647739 frs-core:MotorVehicles 2022-12-31 08647739 frs-core:OtherResidualIntangibleAssets 2023-12-31 08647739 frs-core:OtherResidualIntangibleAssets 2022-12-31 08647739 frs-core:ShareCapital 2023-12-31 08647739 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08647739 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08647739 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08647739 frs-bus:SmallEntities 2023-01-01 2023-12-31 08647739 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08647739 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08647739 frs-core:CostValuation 2022-12-31 08647739 frs-core:AdditionsToInvestments 2023-12-31 08647739 frs-core:DisposalsRepaymentsInvestments 2023-12-31 08647739 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 08647739 frs-core:CostValuation 2023-12-31 08647739 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 08647739 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08647739 frs-bus:Director1 2023-01-01 2023-12-31 08647739 frs-countries:EnglandWales 2023-01-01 2023-12-31 08647739 2021-12-31 08647739 2022-12-31 08647739 2022-01-01 2022-12-31 08647739 frs-core:CurrentFinancialInstruments 2022-12-31 08647739 frs-core:ShareCapital 2022-12-31 08647739 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Gleem Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08647739
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,126 8,203
Investments 6 99,989 177,000
105,115 185,203
CURRENT ASSETS
Debtors 7 1,231 1,409
Cash at bank and in hand 1,331 1,151
2,562 2,560
Creditors: Amounts Falling Due Within One Year 8 (95,648 ) (79,386 )
NET CURRENT ASSETS (LIABILITIES) (93,086 ) (76,826 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,029 108,377
NET ASSETS 12,029 108,377
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 12,028 108,376
SHAREHOLDERS' FUNDS 12,029 108,377
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 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 J J Edwards
Director
30 June 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
Gleem Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08647739 . The registered office is 57 Stoke Lane, Westbury-On-Trym, Bristol, BS9 3DW.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Motor Vehicles 25% on cost
Computer Equipment 33.3% on cost
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 22)
3 22
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 5,328
As at 31 December 2023 5,328
Amortisation
As at 1 January 2023 5,328
As at 31 December 2023 5,328
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 13,100 18,580 31,680
As at 31 December 2023 13,100 18,580 31,680
Depreciation
As at 1 January 2023 4,897 18,580 23,477
Provided during the period 3,077 - 3,077
As at 31 December 2023 7,974 18,580 26,554
Net Book Value
As at 31 December 2023 5,126 - 5,126
As at 1 January 2023 8,203 - 8,203
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6. Investments
Other
£
Cost
As at 1 January 2023 177,000
Additions 1,060
Disposals (77,001 )
Revaluations (1,070 )
As at 31 December 2023 99,989
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 99,989
As at 1 January 2023 177,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 466 1,081
Prepayments and accrued income - 120
Other debtors 497 208
VAT 268 -
1,231 1,409
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 2,159 2,159
Corporation tax - 18,849
Other taxes and social security 665 -
VAT - 2,841
Other creditors 55,769 54,237
Director's loan account 37,055 1,300
95,648 79,386
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 6