Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10940170 Mr Robert Goluch Mr Pawel Goluch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10940170 2023-08-31 10940170 2024-08-31 10940170 2023-09-01 2024-08-31 10940170 frs-core:CurrentFinancialInstruments 2024-08-31 10940170 frs-core:Non-currentFinancialInstruments 2024-08-31 10940170 frs-core:ComputerEquipment 2024-08-31 10940170 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10940170 frs-core:ComputerEquipment 2023-08-31 10940170 frs-core:FurnitureFittings 2024-08-31 10940170 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10940170 frs-core:FurnitureFittings 2023-08-31 10940170 frs-core:MotorVehicles 2024-08-31 10940170 frs-core:MotorVehicles 2023-09-01 2024-08-31 10940170 frs-core:MotorVehicles 2023-08-31 10940170 frs-core:PlantMachinery 2024-08-31 10940170 frs-core:PlantMachinery 2023-09-01 2024-08-31 10940170 frs-core:PlantMachinery 2023-08-31 10940170 frs-core:ShareCapital 2024-08-31 10940170 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10940170 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10940170 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10940170 frs-bus:SmallEntities 2023-09-01 2024-08-31 10940170 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10940170 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10940170 frs-bus:Director1 2023-09-01 2024-08-31 10940170 frs-bus:Director2 2023-09-01 2024-08-31 10940170 frs-countries:EnglandWales 2023-09-01 2024-08-31 10940170 2022-08-31 10940170 2023-08-31 10940170 2022-09-01 2023-08-31 10940170 frs-core:CurrentFinancialInstruments 2023-08-31 10940170 frs-core:Non-currentFinancialInstruments 2023-08-31 10940170 frs-core:ShareCapital 2023-08-31 10940170 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10940170
G Reliance Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
FMA Accountants
Chartered Certified Accountants
C/O FMA Online Ltd
Building 3 Chiswick Business Park
566 Chiswick High Road
Chiswick
W4 5YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10940170
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,278 2,797
3,278 2,797
CURRENT ASSETS
Debtors 5 289 623
Cash at bank and in hand 117,197 308,145
117,486 308,768
Creditors: Amounts Falling Due Within One Year 6 (103,536 ) (214,803 )
NET CURRENT ASSETS (LIABILITIES) 13,950 93,965
TOTAL ASSETS LESS CURRENT LIABILITIES 17,228 96,762
Creditors: Amounts Falling Due After More Than One Year 7 (24,167 ) (33,140 )
NET (LIABILITIES)/ASSETS (6,939 ) 63,622
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (6,941 ) 63,620
SHAREHOLDERS' FUNDS (6,939) 63,622
Page 1
Page 2
For the year ending 31 August 2024 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 Pawel Goluch
Director
02/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G Reliance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10940170 . The registered office is C/O FMA Online Ltd, Building 3 Chiswick Business Park, 566 Chiswick High Road, Chiswick, W4 5YA.
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:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 4,036 86,431 11,632 3,266 105,365
Additions - - - 4,082 4,082
Disposals (4,036 ) (86,431 ) (11,262 ) (3,266 ) (104,995 )
As at 31 August 2024 - - 370 4,082 4,452
Depreciation
As at 1 September 2023 4,036 86,431 9,090 3,011 102,568
Provided during the period (4,036 ) (86,431 ) 2,326 1,275 (86,866 )
Disposals - - (11,262 ) (3,266 ) (14,528 )
As at 31 August 2024 - - 154 1,020 1,174
Net Book Value
As at 31 August 2024 - - 216 3,062 3,278
As at 1 September 2023 - - 2,542 255 2,797
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2 2
VAT 287 621
289 623
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 103,536 214,803
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,167 33,140
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5