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 11717507 D M Gilfoyle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11717507 2022-12-31 11717507 2023-12-31 11717507 2023-01-01 2023-12-31 11717507 frs-core:CurrentFinancialInstruments 2023-12-31 11717507 frs-core:Non-currentFinancialInstruments 2023-12-31 11717507 frs-core:BetweenOneFiveYears 2023-12-31 11717507 frs-core:ComputerEquipment 2023-12-31 11717507 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11717507 frs-core:ComputerEquipment 2022-12-31 11717507 frs-core:NetGoodwill 2023-12-31 11717507 frs-core:NetGoodwill 2023-01-01 2023-12-31 11717507 frs-core:NetGoodwill 2022-12-31 11717507 frs-core:MotorVehicles 2023-12-31 11717507 frs-core:MotorVehicles 2023-01-01 2023-12-31 11717507 frs-core:MotorVehicles 2022-12-31 11717507 frs-core:PlantMachinery 2023-12-31 11717507 frs-core:PlantMachinery 2023-01-01 2023-12-31 11717507 frs-core:PlantMachinery 2022-12-31 11717507 frs-core:WithinOneYear 2023-12-31 11717507 frs-core:ShareCapital 2023-12-31 11717507 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11717507 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11717507 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11717507 frs-bus:SmallEntities 2023-01-01 2023-12-31 11717507 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11717507 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11717507 frs-bus:Director1 2023-01-01 2023-12-31 11717507 frs-countries:EnglandWales 2023-01-01 2023-12-31 11717507 2021-12-31 11717507 2022-12-31 11717507 2022-01-01 2022-12-31 11717507 frs-core:CurrentFinancialInstruments 2022-12-31 11717507 frs-core:Non-currentFinancialInstruments 2022-12-31 11717507 frs-core:BetweenOneFiveYears 2022-12-31 11717507 frs-core:WithinOneYear 2022-12-31 11717507 frs-core:ShareCapital 2022-12-31 11717507 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11717507
Gilfoyle Company Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11717507
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,000 7,200
Tangible Assets 5 44,904 61,363
50,904 68,563
CURRENT ASSETS
Debtors 6 9,889 19,864
Cash at bank and in hand 3,152 4,220
13,041 24,084
Creditors: Amounts Falling Due Within One Year 7 (16,686 ) (12,877 )
NET CURRENT ASSETS (LIABILITIES) (3,645 ) 11,207
TOTAL ASSETS LESS CURRENT LIABILITIES 47,259 79,770
Creditors: Amounts Falling Due After More Than One Year 8 (95,834 ) (113,178 )
NET LIABILITIES (48,575 ) (33,408 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (48,576 ) (33,409 )
SHAREHOLDERS' FUNDS (48,575) (33,408)
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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
D M Gilfoyle
Director
23 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
Gilfoyle Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11717507 . The registered office is 4 Pickering Street, Chester, CH2 3BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. As the director will continue to make funds
available to the company in future, he believes that the going concern basis is appropriate for these financial statements.
2.3. 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 rendering of gardening 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 20% on cost
Motor Vehicles 25% net book value
Computer Equipment 33% on cost
2.6. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Pensions
The company makes contributions into the employees' own defined pension contribution schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 12,000
As at 31 December 2023 12,000
Amortisation
As at 1 January 2023 4,800
Provided during the period 1,200
As at 31 December 2023 6,000
Net Book Value
As at 31 December 2023 6,000
As at 1 January 2023 7,200
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 84,191 28,980 1,771 114,942
Additions 3,432 - 673 4,105
Disposals (4,600 ) - - (4,600 )
As at 31 December 2023 83,023 28,980 2,444 114,447
Depreciation
As at 1 January 2023 33,714 18,228 1,637 53,579
Provided during the period 16,605 2,688 351 19,644
Disposals (3,680 ) - - (3,680 )
As at 31 December 2023 46,639 20,916 1,988 69,543
Net Book Value
As at 31 December 2023 36,384 8,064 456 44,904
As at 1 January 2023 50,477 10,752 134 61,363
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,415 18,986
Other debtors 474 878
9,889 19,864
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,757 4,498
Trade creditors - 2,978
Bank loans and overdrafts 3,000 3,400
Other creditors 2,296 1,238
Taxation and social security 6,633 763
16,686 12,877
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 15,000 19,757
Bank loans 16,250 18,217
Other creditors 64,584 75,204
95,834 113,178
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,757 4,498
Later than one year and not later than five years 15,000 19,757
19,757 24,255
19,757 24,255
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
The director has made an interest free loan available to the company of £64,584 (2022 - £75,204) which is repayable on demand.
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