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 07491629 Mr Andrew Gallon Mrs Danielle Gallon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07491629 2023-01-31 07491629 2024-01-31 07491629 2023-02-01 2024-01-31 07491629 frs-core:CurrentFinancialInstruments 2024-01-31 07491629 frs-core:Non-currentFinancialInstruments 2024-01-31 07491629 frs-core:BetweenOneFiveYears 2024-01-31 07491629 frs-core:MotorVehicles 2023-02-01 2024-01-31 07491629 frs-core:PlantMachinery 2024-01-31 07491629 frs-core:PlantMachinery 2023-02-01 2024-01-31 07491629 frs-core:PlantMachinery 2023-01-31 07491629 frs-core:WithinOneYear 2024-01-31 07491629 frs-core:ShareCapital 2024-01-31 07491629 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07491629 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07491629 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07491629 frs-bus:SmallEntities 2023-02-01 2024-01-31 07491629 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07491629 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07491629 frs-bus:Director1 2023-02-01 2024-01-31 07491629 frs-bus:Director2 2023-02-01 2024-01-31 07491629 frs-countries:EnglandWales 2023-02-01 2024-01-31 07491629 2022-01-31 07491629 2023-01-31 07491629 2022-02-01 2023-01-31 07491629 frs-core:CurrentFinancialInstruments 2023-01-31 07491629 frs-core:Non-currentFinancialInstruments 2023-01-31 07491629 frs-core:BetweenOneFiveYears 2023-01-31 07491629 frs-core:MoreThanFiveYears 2023-01-31 07491629 frs-core:WithinOneYear 2023-01-31 07491629 frs-core:ShareCapital 2023-01-31 07491629 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07491629
Gallons 2011 Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
WILD, DONNELLY & CO
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07491629
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,301 83,918
65,301 83,918
CURRENT ASSETS
Stocks 5 67,843 75,870
Debtors 6 8,078 14,721
Cash at bank and in hand 7,148 16,764
83,069 107,355
Creditors: Amounts Falling Due Within One Year 7 (76,916 ) (82,813 )
NET CURRENT ASSETS (LIABILITIES) 6,153 24,542
TOTAL ASSETS LESS CURRENT LIABILITIES 71,454 108,460
Creditors: Amounts Falling Due After More Than One Year 8 (52,789 ) (80,864 )
NET ASSETS 18,665 27,596
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 18,664 27,595
SHAREHOLDERS' FUNDS 18,665 27,596
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 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 Andrew Gallon
Director
31/07/2024
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
Gallons 2011 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07491629 . The registered office is 1 Belton Close, Hockley Heath, Solihull, West Mids, B94 6QU.
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 comprises the earned value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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%
Motor Vehicles 20%
2.4. 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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 144,183
Additions 3,850
As at 31 January 2024 148,033
Depreciation
As at 1 February 2023 60,265
Provided during the period 22,467
As at 31 January 2024 82,732
Net Book Value
As at 31 January 2024 65,301
As at 1 February 2023 83,918
5. Stocks
2024 2023
£ £
Stock 67,843 75,870
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,066 10,894
VAT - 3,827
Other taxes and social security 5,012 -
8,078 14,721
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,833 19,833
Trade creditors 29,067 27,185
Other loans 6,000 -
Corporation tax - 3
Other taxes and social security - 18,583
VAT 1,671 -
Accruals and deferred income 5,000 13,952
Directors' loan accounts 15,345 3,257
76,916 82,813
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,456 49,289
Bank loans 23,333 31,575
52,789 80,864
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,833 19,833
Later than one year and not later than five years 29,456 49,289
Later than five years - -
49,289 69,122
49,289 69,122
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid - 20,000
Final dividend paid - 4,000
- 24,000
Page 5