Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11171614 Mr Lionel Keightley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11171614 2023-01-31 11171614 2024-01-31 11171614 2023-02-01 2024-01-31 11171614 frs-core:CurrentFinancialInstruments 2024-01-31 11171614 frs-core:Non-currentFinancialInstruments 2024-01-31 11171614 frs-core:PlantMachinery 2024-01-31 11171614 frs-core:PlantMachinery 2023-02-01 2024-01-31 11171614 frs-core:PlantMachinery 2023-01-31 11171614 frs-core:ShareCapital 2024-01-31 11171614 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11171614 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11171614 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11171614 frs-bus:SmallEntities 2023-02-01 2024-01-31 11171614 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11171614 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11171614 frs-bus:Director1 2023-02-01 2024-01-31 11171614 frs-bus:Director1 2023-01-31 11171614 frs-bus:Director1 2024-01-31 11171614 frs-countries:EnglandWales 2023-02-01 2024-01-31 11171614 2022-01-31 11171614 2023-01-31 11171614 2022-02-01 2023-01-31 11171614 frs-core:CurrentFinancialInstruments 2023-01-31 11171614 frs-core:Non-currentFinancialInstruments 2023-01-31 11171614 frs-core:ShareCapital 2023-01-31 11171614 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11171614
GK Grounds Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Golding Accountancy
ACCA
Armoury House Armoury Road
West Bergholt
Colchester
Essex
CO6 3JP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11171614
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 713 950
713 950
CURRENT ASSETS
Debtors 5 17,417 15,701
Cash at bank and in hand 86 5
17,503 15,706
Creditors: Amounts Falling Due Within One Year 6 (1,552 ) (1,122 )
NET CURRENT ASSETS (LIABILITIES) 15,951 14,584
TOTAL ASSETS LESS CURRENT LIABILITIES 16,664 15,534
Creditors: Amounts Falling Due After More Than One Year 7 (17,952 ) (17,449 )
NET LIABILITIES (1,288 ) (1,915 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,289 ) (1,916 )
SHAREHOLDERS' FUNDS (1,288) (1,915)
Page 1
Page 2
For the year ending 31 January 2024 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 Lionel Keightley
Director
4 October 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
GK Grounds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11171614 . The registered office is Armoury House, Armoury Road, West Bergholt, Colchester, CO6 3JP.
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% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 4,000
As at 31 January 2024 4,000
Depreciation
As at 1 February 2023 3,050
Provided during the period 237
As at 31 January 2024 3,287
Net Book Value
As at 31 January 2024 713
As at 1 February 2023 950
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 500 500
Director's loan account 16,917 15,201
17,417 15,701
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Corporation tax 641 641
Other creditors 910 480
1,552 1,122
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,952 17,449
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Lionel Keightley 15,201 16,917 15,201 - 16,917
The above loan is unsecured, interest free and repayable on demand.
Page 4