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 12358088 Mr R D Howey Mr S W Robinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12358088 2022-12-31 12358088 2023-12-31 12358088 2023-01-01 2023-12-31 12358088 frs-core:CurrentFinancialInstruments 2023-12-31 12358088 frs-core:Non-currentFinancialInstruments 2023-12-31 12358088 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12358088 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12358088 frs-core:MotorVehicles 2023-01-01 2023-12-31 12358088 frs-core:PlantMachinery 2023-12-31 12358088 frs-core:PlantMachinery 2023-01-01 2023-12-31 12358088 frs-core:PlantMachinery 2022-12-31 12358088 frs-core:ShareCapital 2023-12-31 12358088 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12358088 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12358088 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12358088 frs-bus:SmallEntities 2023-01-01 2023-12-31 12358088 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12358088 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12358088 frs-bus:Director1 2023-01-01 2023-12-31 12358088 frs-bus:Director1 2022-12-31 12358088 frs-bus:Director1 2023-12-31 12358088 frs-bus:Director2 2023-01-01 2023-12-31 12358088 frs-bus:Director2 2022-12-31 12358088 frs-bus:Director2 2023-12-31 12358088 frs-countries:EnglandWales 2023-01-01 2023-12-31 12358088 2021-12-31 12358088 2022-12-31 12358088 2022-01-01 2022-12-31 12358088 frs-core:CurrentFinancialInstruments 2022-12-31 12358088 frs-core:Non-currentFinancialInstruments 2022-12-31 12358088 frs-core:ShareCapital 2022-12-31 12358088 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12358088
Granite Solutions Group Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
HB Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12358088
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,164 13,134
7,164 13,134
CURRENT ASSETS
Debtors 5 93,754 41,582
Cash at bank and in hand 4,660 2,817
98,414 44,399
Creditors: Amounts Falling Due Within One Year 6 (98,241 ) (40,295 )
NET CURRENT ASSETS (LIABILITIES) 173 4,104
TOTAL ASSETS LESS CURRENT LIABILITIES 7,337 17,238
Creditors: Amounts Falling Due After More Than One Year 7 (7,106 ) (17,083 )
NET ASSETS 231 155
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 131 55
SHAREHOLDERS' FUNDS 231 155
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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 R D Howey
Director
Mr S W Robinson
Director
25/09/2024
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
Granite Solutions Group Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 12358088 . The registered office is 17 Lobelia Drive, Worthing, West Sussex, BN13 3GN.
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.
The financial statements are presented in sterling (£), which is also the functional currency of the company.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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 Over 5 years
Motor Vehicles Over 5 years
Fixtures & Fittings Over 5 years
Computer Equipment Over 5 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 29,850
As at 31 December 2023 29,850
Depreciation
As at 1 January 2023 16,716
Provided during the period 5,970
As at 31 December 2023 22,686
Net Book Value
As at 31 December 2023 7,164
As at 1 January 2023 13,134
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,244 15,559
Other debtors 64,510 26,023
93,754 41,582
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,471 -
Bank loans and overdrafts 5,265 -
Other creditors 20,559 1,000
Taxation and social security 62,946 39,295
98,241 40,295
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 7,106 17,083
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Russell Howey 13,012 10,897 715 - 23,194
Mr Steven Robinson 13,011 11,043 73 - 23,981
The above loan is unsecured, interest free and repayable on demand.
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