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 09605957 Mr Jonathan Brownlee Mr Andrew Mashiter Mr Alistair Brownlee Mr Richard Downey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09605957 2022-12-31 09605957 2023-12-31 09605957 2023-01-01 2023-12-31 09605957 frs-core:CurrentFinancialInstruments 2023-12-31 09605957 frs-core:ComputerEquipment 2023-12-31 09605957 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09605957 frs-core:ComputerEquipment 2022-12-31 09605957 frs-core:ShareCapital 2023-12-31 09605957 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09605957 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09605957 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09605957 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09605957 frs-bus:SmallEntities 2023-01-01 2023-12-31 09605957 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09605957 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09605957 frs-bus:Director1 2023-01-01 2023-12-31 09605957 frs-bus:Director2 2023-01-01 2023-12-31 09605957 frs-bus:Director3 2023-01-01 2023-12-31 09605957 frs-bus:Director4 2023-01-01 2023-12-31 09605957 frs-core:CurrentFinancialInstruments 1 2023-12-31 09605957 frs-countries:EnglandWales 2023-01-01 2023-12-31 09605957 2021-12-31 09605957 2022-12-31 09605957 2022-01-01 2022-12-31 09605957 frs-core:CurrentFinancialInstruments 2022-12-31 09605957 frs-core:ShareCapital 2021-12-31 09605957 frs-core:ShareCapital 2022-12-31 09605957 frs-core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09605957 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-12-31 09605957 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09605957 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 09605957
Blue Carpet Management Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 09605957
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 746 1,039
746 1,039
CURRENT ASSETS
Debtors 5 187,759 74,264
Cash at bank and in hand 348,989 328,553
536,748 402,817
Creditors: Amounts Falling Due Within One Year 6 (178,853 ) (79,362 )
NET CURRENT ASSETS (LIABILITIES) 357,895 323,455
TOTAL ASSETS LESS CURRENT LIABILITIES 358,641 324,494
PROVISIONS FOR LIABILITIES
Deferred Taxation (197 ) (197 )
NET ASSETS 358,444 324,297
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 358,440 324,293
SHAREHOLDERS' FUNDS 358,444 324,297
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Richard Downey
Director
23rd September 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2022 4 287,480 287,484
Profit for the year and total comprehensive income - 92,781 92,781
Dividends paid - (55,968) (55,968)
As at 31 December 2022 and 1 January 2023 4 324,293 324,297
Profit for the year and total comprehensive income - 90,051 90,051
Dividends paid - (55,904) (55,904)
As at 31 December 2023 4 358,440 358,444
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Blue Carpet Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09605957 . The registered office is 1 London Road, Ipswich, IP1 2HA.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 33% on cost
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 year 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 asset reflects 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.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 2,769
Additions 591
As at 31 December 2023 3,360
Depreciation
As at 1 January 2023 1,730
Provided during the period 884
As at 31 December 2023 2,614
Net Book Value
As at 31 December 2023 746
As at 1 January 2023 1,039
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 186,759 123,264
Prepayments and accrued income - (50,000 )
Other debtors 1,000 1,000
187,759 74,264
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 29,685 23,475
Other taxes and social security 3,169 2,472
VAT 41,208 50,613
Pension Control Account 787 653
Accruals and deferred income 103,675 1,675
Directors' loan accounts 329 474
178,853 79,362
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
Page 5