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 10621744 Mr Devrim Gunduz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10621744 2022-12-31 10621744 2023-12-31 10621744 2023-01-01 2023-12-31 10621744 frs-core:CurrentFinancialInstruments 2023-12-31 10621744 frs-core:Non-currentFinancialInstruments 2023-12-31 10621744 frs-core:ComputerEquipment 2023-12-31 10621744 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10621744 frs-core:ComputerEquipment 2022-12-31 10621744 frs-core:ShareCapital 2023-12-31 10621744 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10621744 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10621744 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10621744 frs-bus:SmallEntities 2023-01-01 2023-12-31 10621744 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10621744 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10621744 frs-bus:Director1 2023-01-01 2023-12-31 10621744 frs-bus:Director1 2022-12-31 10621744 frs-bus:Director1 2023-12-31 10621744 frs-core:CurrentFinancialInstruments 2 2023-12-31 10621744 frs-countries:EnglandWales 2023-01-01 2023-12-31 10621744 2021-12-31 10621744 2022-12-31 10621744 2022-01-01 2022-12-31 10621744 frs-core:CurrentFinancialInstruments 2022-12-31 10621744 frs-core:Non-currentFinancialInstruments 2022-12-31 10621744 frs-core:ShareCapital 2022-12-31 10621744 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10621744 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 10621744
GITC Pro Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10621744
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,993 1,285
1,993 1,285
CURRENT ASSETS
Debtors 5 145,195 151,489
Cash at bank and in hand 896 14,735
146,091 166,224
Creditors: Amounts Falling Due Within One Year 6 (124,529 ) (93,641 )
NET CURRENT ASSETS (LIABILITIES) 21,562 72,583
TOTAL ASSETS LESS CURRENT LIABILITIES 23,555 73,868
Creditors: Amounts Falling Due After More Than One Year 7 (21,060 ) (27,580 )
NET ASSETS 2,495 46,288
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 1,495 45,288
SHAREHOLDERS' FUNDS 2,495 46,288
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 Devrim Gunduz
Director
23/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GITC Pro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10621744 . The registered office is Chancery Station House, 31-33 High Holborn, London, England, WC1V 6AX.
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.
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:
Computer Equipment Reducing balance basis @25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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 tax is 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: 2 (2022: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 3,687
Additions 1,371
As at 31 December 2023 5,058
Depreciation
As at 1 January 2023 2,402
Provided during the period 663
As at 31 December 2023 3,065
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 1,993
As at 1 January 2023 1,285
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,033 21,777
Other debtors 37,920 37,109
VAT 469 -
Other taxes and social security - 234
Director's loan account 94,773 92,369
145,195 151,489
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,578 315
Corporation tax 119,142 90,354
VAT - 1,084
BARCLAY CARD COMMERCIAL 738 -
Accruals and deferred income 2,071 1,888
124,529 93,641
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loan 21,060 27,580
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Devrim Gunduz 92,369 25,237 22,833 - 94,773
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