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 07483292 Mr Barry Eagle Mr Barry Eagle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07483292 2023-01-31 07483292 2024-01-31 07483292 2023-02-01 2024-01-31 07483292 frs-core:CurrentFinancialInstruments 2024-01-31 07483292 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07483292 frs-core:PlantMachinery 2024-01-31 07483292 frs-core:PlantMachinery 2023-02-01 2024-01-31 07483292 frs-core:PlantMachinery 2023-01-31 07483292 frs-core:ShareCapital 2024-01-31 07483292 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07483292 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07483292 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07483292 frs-bus:SmallEntities 2023-02-01 2024-01-31 07483292 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07483292 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07483292 frs-bus:Director1 2023-02-01 2024-01-31 07483292 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07483292 frs-countries:EnglandWales 2023-02-01 2024-01-31 07483292 2022-01-31 07483292 2023-01-31 07483292 2022-02-01 2023-01-31 07483292 frs-core:CurrentFinancialInstruments 2023-01-31 07483292 frs-core:ShareCapital 2023-01-31 07483292 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07483292
Gripclad Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
MATCH Accounting Limited
Portsmouth Technopole Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Director Mr Barry Eagle
Secretary Mr Barry Eagle
Company Number 07483292
Registered Office Portsmouth Technopole
Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
Accountants MATCH Accounting Limited
Portsmouth Technopole Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
Page 1
Page 2
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Gripclad Limited for the year ended 31 January 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gripclad Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Gripclad Limited , as a body, in accordance with the terms of our engagement letter dated 01 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Gripclad Limited and state those matters that we have agreed to state to the director of Gripclad Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gripclad Limited and its director as a body for our work or for this report.
It is your duty to ensure that Gripclad Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Gripclad Limited . You consider that Gripclad Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gripclad Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
09/10/2024
MATCH Accounting Limited
Portsmouth Technopole Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
Page 2
Page 3
Statement of Financial Position
Registered number: 07483292
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,052 744
1,052 744
CURRENT ASSETS
Debtors 5 25,577 44,004
Cash at bank and in hand 353,020 250,013
378,597 294,017
Creditors: Amounts Falling Due Within One Year 6 (69,269 ) (92,552 )
NET CURRENT ASSETS (LIABILITIES) 309,328 201,465
TOTAL ASSETS LESS CURRENT LIABILITIES 310,380 202,209
PROVISIONS FOR LIABILITIES
Deferred Taxation (263 ) (141 )
NET ASSETS 310,117 202,068
CAPITAL AND RESERVES
Called up share capital 7 20 20
Income Statement 310,097 202,048
SHAREHOLDERS' FUNDS 310,117 202,068
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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 Income Statement.
On behalf of the board
Mr Barry Eagle
Director
09/10/2024
The notes on pages 5 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gripclad Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07483292 . The registered office is Portsmouth Technopole, Kingston Crescent, Portsmouth, Hampshire, PO2 8FA.
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 20% Straight line
Computer Equipment 33.33% Straight line
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2023 3,960
Additions 820
As at 31 January 2024 4,780
Depreciation
As at 1 February 2023 3,216
Provided during the period 512
As at 31 January 2024 3,728
Net Book Value
As at 31 January 2024 1,052
As at 1 February 2023 744
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,647 42,623
Other debtors 4,930 1,381
25,577 44,004
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,909 76,966
Other creditors 1,982 1,569
Taxation and social security 44,378 14,017
69,269 92,552
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
Page 7