Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 11 September 2024 1 May 2023 30 April 2024 30 April 2024 13363951 Charles Leach Luke Richardson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13363951 2023-04-30 13363951 2024-04-30 13363951 2023-05-01 2024-04-30 13363951 frs-core:CurrentFinancialInstruments 2024-04-30 13363951 frs-core:ComputerEquipment 2024-04-30 13363951 frs-core:ComputerEquipment 2023-05-01 2024-04-30 13363951 frs-core:ComputerEquipment 2023-04-30 13363951 frs-core:ShareCapital 2024-04-30 13363951 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13363951 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13363951 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13363951 frs-bus:SmallEntities 2023-05-01 2024-04-30 13363951 frs-bus:Audited 2023-05-01 2024-04-30 13363951 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13363951 frs-bus:Director1 2023-05-01 2024-04-30 13363951 frs-bus:Director2 2023-05-01 2024-04-30 13363951 frs-countries:EnglandWales 2023-05-01 2024-04-30 13363951 2022-04-30 13363951 2023-04-30 13363951 2022-05-01 2023-04-30 13363951 frs-core:CurrentFinancialInstruments 2023-04-30 13363951 frs-core:Non-currentFinancialInstruments 2023-04-30 13363951 frs-core:ShareCapital 2023-04-30 13363951 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13363951
Gains Clark Ltd
Financial Statements
For The Year Ended 30 April 2024
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13363951
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,046 -
1,046 -
CURRENT ASSETS
Debtors 5 2,875 30,267
Cash at bank and in hand 116,856 39,822
119,731 70,089
Creditors: Amounts Falling Due Within One Year 6 (65,679 ) (155,344 )
NET CURRENT ASSETS (LIABILITIES) 54,052 (85,255 )
TOTAL ASSETS LESS CURRENT LIABILITIES 55,098 (85,255 )
NET ASSETS/(LIABILITIES) 55,098 (85,255 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 55,096 (85,257 )
SHAREHOLDERS' FUNDS 55,098 (85,255)
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
Charles Leach
Director
11 September 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gains Clark Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13363951 . The registered office is Create Business Hub, 101-135 Kings Road, Brentwood, Essex, CM14 4DR. The presentation currency of the financial statements is the Pound Sterling (£). The financial statements present information about the company as a single entity.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its rendering of services. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. Services are recognised as rendered when the company has received formal notification of the approval of its application for a claim to the Financial Services Compensation scheme on behalf of a client of the company.
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:
Computer Equipment 25% SLM
2.4. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as debtors and creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments.
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.
2.6. Debtors and Creditors
Basic financial assets and liabilities, including debtors and creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.7. Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 -
Additions 1,195
As at 30 April 2024 1,195
Depreciation
As at 1 May 2023 -
Provided during the period 149
As at 30 April 2024 149
Net Book Value
As at 30 April 2024 1,046
As at 1 May 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,875 2,758
2,875 2,758
Due after more than one year
Deferred tax current asset - 27,509
- 27,509
2,875 30,267
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 660 -
Subordinated loans - 117,440
Corporation tax 23,463 -
Other taxes and social security 7,827 -
VAT 17,422 1,696
Accruals 12,032 11,294
Directors' loan accounts 4,275 24,914
65,679 155,344
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3
Page 4
8. Related Party Disclosures
Included in creditors due within one year is an amount of £4,275 (2023: £24,914 ) owed to its directors. The amount is interest free and repayable on demand.

Included within creditors are subordinated loans from the directors amounting to Nil (2023: £117,440). The loans were interest free and repayable no earlier than 20 December 2023.
During the year the company incurred expenses on behalf of entities where the directors have significant influence amounting to £2,368 (2023: £2,728).
During the year, total dividends amounting to £20,000 (2023: £Nil) were paid to the directors.
9. Audit Information
The auditors report on the account of Gains Clark Ltd for the year ended 30 April 2024 was unqualified
The auditor's report was signed by Witold Sawin (Senior Statutory Auditor) for and on behalf of Sawin & Edwards LLP , Statutory Auditor
Sawin & Edwards LLP
Studio 16
Cloisters House
8 Battersea Park Road, London
SW8 4BG
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