Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13110637 Goncalo Lopes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13110637 2023-01-31 13110637 2024-01-31 13110637 2023-02-01 2024-01-31 13110637 frs-core:CurrentFinancialInstruments 2024-01-31 13110637 frs-core:PlantMachinery 2024-01-31 13110637 frs-core:PlantMachinery 2023-02-01 2024-01-31 13110637 frs-core:PlantMachinery 2023-01-31 13110637 frs-core:ShareCapital 2024-01-31 13110637 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13110637 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13110637 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13110637 frs-bus:SmallEntities 2023-02-01 2024-01-31 13110637 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13110637 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13110637 frs-bus:Director1 2023-02-01 2024-01-31 13110637 frs-bus:Director1 2023-01-31 13110637 frs-bus:Director1 2024-01-31 13110637 frs-countries:EnglandWales 2023-02-01 2024-01-31 13110637 2022-01-31 13110637 2023-01-31 13110637 2022-02-01 2023-01-31 13110637 frs-core:CurrentFinancialInstruments 2023-01-31 13110637 frs-core:ShareCapital 2023-01-31 13110637 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13110637
GDL Software Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13110637
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,873 3,327
2,873 3,327
CURRENT ASSETS
Debtors 6 70,902 -
Cash at bank and in hand 67,176 53,752
138,078 53,752
Creditors: Amounts Falling Due Within One Year 7 (26,762 ) (22,797 )
NET CURRENT ASSETS (LIABILITIES) 111,316 30,955
TOTAL ASSETS LESS CURRENT LIABILITIES 114,189 34,282
NET ASSETS 114,189 34,282
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 114,188 34,281
SHAREHOLDERS' FUNDS 114,189 34,282
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For the year ending 31 January 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 Profit and Loss Account.
On behalf of the board
Goncalo Lopes
Director
8 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GDL Software Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13110637 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.
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. Turnover includes revenue earned from the rendering of services to businesses outside the EU. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.3. 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
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Current 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 4,979
Additions 478
As at 31 January 2024 5,457
Depreciation
As at 1 February 2023 1,652
Provided during the period 932
As at 31 January 2024 2,584
Net Book Value
As at 31 January 2024 2,873
As at 1 February 2023 3,327
5. Investments
Cryptocurrency purchases are recognised initially at cost less attributable transaction costs. Subsequent
to initial recognition, any changes in fair value are recognised in profit and loss.
6. Debtors
2024 2023
£ £
Due within one year
Director's loan account 70,902 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 25,172 10,153
Accruals and deferred income 1,590 1,560
Director's loan account - 11,084
26,762 22,797
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Goncalo Lopes (11,084 ) 91,538 9,552 - 70,902
The above loan is unsecured, interest free and repayable on demand.
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