Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07286936 Mr Louis Thesailankaimannan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07286936 2022-12-31 07286936 2023-12-31 07286936 2023-01-01 2023-12-31 07286936 frs-core:CurrentFinancialInstruments 2023-12-31 07286936 frs-core:Non-currentFinancialInstruments 2023-12-31 07286936 frs-core:ComputerEquipment 2023-12-31 07286936 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07286936 frs-core:ComputerEquipment 2022-12-31 07286936 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07286936 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 07286936 frs-core:PlantMachinery 2023-01-01 2023-12-31 07286936 frs-core:ShareCapital 2023-12-31 07286936 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07286936 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07286936 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07286936 frs-bus:SmallEntities 2023-01-01 2023-12-31 07286936 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07286936 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07286936 frs-bus:Director1 2023-01-01 2023-12-31 07286936 frs-bus:Director1 2022-12-31 07286936 frs-bus:Director1 2023-12-31 07286936 frs-countries:EnglandWales 2023-01-01 2023-12-31 07286936 2021-12-31 07286936 2022-12-31 07286936 2022-01-01 2022-12-31 07286936 frs-core:CurrentFinancialInstruments 2022-12-31 07286936 frs-core:Non-currentFinancialInstruments 2022-12-31 07286936 frs-core:ShareCapital 2022-12-31 07286936 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07286936
GFM Designer Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Chrissie Accountancy Services
16 Morley Road
Sutton
Surrey
SM3 9LN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07286936
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 407 813
407 813
CURRENT ASSETS
Stocks 6 - 250
Debtors 7 15,662 21,736
Cash at bank and in hand 2 222
15,664 22,208
Creditors: Amounts Falling Due Within One Year 8 (5,800 ) (5,800 )
NET CURRENT ASSETS (LIABILITIES) 9,864 16,408
TOTAL ASSETS LESS CURRENT LIABILITIES 10,271 17,221
Creditors: Amounts Falling Due After More Than One Year 9 (31,633 ) (33,800 )
NET LIABILITIES (21,362 ) (16,579 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (21,462 ) (16,679 )
SHAREHOLDERS' FUNDS (21,362) (16,579)
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 Louis Thesailankaimannan
Director
3 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
GFM Designer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07286936 . The registered office is Flat 1 Maultway Court, 67-69 Ruxley Lane, Epsom, KT19 0JG.
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. Going Concern Disclosure
At the balance sheet date, liabilities exceed assets by £21,362 (2022: £16,579). However the financial statements have been prepared on a going concern basis as the company has the continuing support from it's directors and shareholders. The director is therefore satisfied that the financial statements have been prepared on the going concern basis.
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
Computer Equipment 25% Stright line
2.4. 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: 1 (2022: 1)
1 1
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 8,522
As at 31 December 2023 8,522
Amortisation
As at 1 January 2023 8,522
As at 31 December 2023 8,522
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 1,625
As at 31 December 2023 1,625
Depreciation
As at 1 January 2023 812
Provided during the period 406
As at 31 December 2023 1,218
Net Book Value
As at 31 December 2023 407
As at 1 January 2023 813
6. Stocks
2023 2022
£ £
Stock - 250
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 15,662 21,736
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 5,200 5,200
Other creditors 600 600
5,800 5,800
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 31,633 33,800
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Louis Thesailankaimannan 19,696 9,387 15,339 - 13,744
The above loan is unsecured, interest free and repayable on demand. The above further advance £9,387 was repaid to company on 3 September 2024.
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