Acorah Software Products - Accounts Production 15.0.600 false true false 12 October 2022 31 March 2024 31 March 2024 14415429 Mr Jack Gilpin Mr Nigel Gilpin Mr Thomas Gilpin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14415429 2022-10-11 14415429 2024-03-31 14415429 2022-10-12 2024-03-31 14415429 frs-core:CurrentFinancialInstruments 2024-03-31 14415429 frs-core:Non-currentFinancialInstruments 2024-03-31 14415429 frs-core:ComputerEquipment 2024-03-31 14415429 frs-core:ComputerEquipment 2022-10-12 2024-03-31 14415429 frs-core:ComputerEquipment 2022-10-11 14415429 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-12 2024-03-31 14415429 frs-core:FurnitureFittings 2024-03-31 14415429 frs-core:FurnitureFittings 2022-10-12 2024-03-31 14415429 frs-core:FurnitureFittings 2022-10-11 14415429 frs-core:OtherResidualIntangibleAssets 2024-03-31 14415429 frs-core:OtherResidualIntangibleAssets 2022-10-11 14415429 frs-core:ShareCapital 2024-03-31 14415429 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14415429 frs-bus:PrivateLimitedCompanyLtd 2022-10-12 2024-03-31 14415429 frs-bus:FilletedAccounts 2022-10-12 2024-03-31 14415429 frs-bus:SmallEntities 2022-10-12 2024-03-31 14415429 frs-bus:AuditExempt-NoAccountantsReport 2022-10-12 2024-03-31 14415429 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-12 2024-03-31 14415429 frs-bus:Director1 2022-10-12 2024-03-31 14415429 frs-bus:Director2 2022-10-12 2024-03-31 14415429 frs-bus:Director3 2022-10-12 2024-03-31 14415429 frs-countries:EnglandWales 2022-10-12 2024-03-31
Registered number: 14415429
Gilpin Associates 2 Ltd
Financial Statements
For the Period 12 October 2022 to 31 March 2024
Longmire Consultants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14415429
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 1
Tangible Assets 5 6,975
6,976
CURRENT ASSETS
Stocks 6 15,000
Debtors 7 34,338
Cash at bank and in hand 11,243
60,581
Creditors: Amounts Falling Due Within One Year 8 (59,121 )
NET CURRENT ASSETS (LIABILITIES) 1,460
TOTAL ASSETS LESS CURRENT LIABILITIES 8,436
Creditors: Amounts Falling Due After More Than One Year 9 (44,002 )
NET LIABILITIES (35,566 )
CAPITAL AND RESERVES
Called up share capital 10 1
Profit and Loss Account (35,567 )
SHAREHOLDERS' FUNDS (35,566)
Page 1
Page 2
For the period ending 31 March 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 Nigel Gilpin
Director
11/10/2024
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
Gilpin Associates 2 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14415429 . The registered office is 125 Lodge Road, Knowle, Solihull, B93 0HG.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Fixtures & Fittings 3 Years Straight Line
Computer Equipment 3 Years Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Intangible Assets
Other
£
Cost
As at 12 October 2022 1
As at 31 March 2024 1
Net Book Value
As at 31 March 2024 1
As at 12 October 2022 1
Page 3
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 12 October 2022 - - -
Additions 12,500 1,350 13,850
As at 31 March 2024 12,500 1,350 13,850
Depreciation
As at 12 October 2022 6,650 225 6,875
As at 31 March 2024 6,650 225 6,875
Net Book Value
As at 31 March 2024 5,850 1,125 6,975
As at 12 October 2022 (6,650 ) (225 ) (6,875 )
6. Stocks
31 March 2024
£
Materials 15,000
7. Debtors
31 March 2024
£
Due within one year
Trade debtors 8,153
Other debtors 26,185
34,338
8. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 21,845
Bank loans and overdrafts 11,592
Other creditors 16,767
Taxation and social security 8,917
59,121
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Bank loans 28,042
Other creditors 15,960
44,002
Page 4
Page 5
10. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 1
Page 5