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 10428223 Ms Alexandra Rogerson Ms Caszandra Rogerson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10428223 2023-01-31 10428223 2024-01-31 10428223 2023-02-01 2024-01-31 10428223 frs-core:CurrentFinancialInstruments 2024-01-31 10428223 frs-core:Non-currentFinancialInstruments 2024-01-31 10428223 frs-core:ComputerEquipment 2024-01-31 10428223 frs-core:ComputerEquipment 2023-02-01 2024-01-31 10428223 frs-core:ComputerEquipment 2023-01-31 10428223 frs-core:FurnitureFittings 2024-01-31 10428223 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10428223 frs-core:FurnitureFittings 2023-01-31 10428223 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 10428223 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 10428223 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 10428223 frs-core:ShareCapital 2024-01-31 10428223 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10428223 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10428223 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10428223 frs-bus:SmallEntities 2023-02-01 2024-01-31 10428223 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10428223 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10428223 frs-bus:Director1 2023-02-01 2024-01-31 10428223 frs-bus:Director1 2023-01-31 10428223 frs-bus:Director1 2024-01-31 10428223 frs-bus:Director2 2023-02-01 2024-01-31 10428223 frs-bus:Director2 2023-01-31 10428223 frs-bus:Director2 2024-01-31 10428223 frs-countries:EnglandWales 2023-02-01 2024-01-31 10428223 2022-01-31 10428223 2023-01-31 10428223 2022-02-01 2023-01-31 10428223 frs-core:CurrentFinancialInstruments 2023-01-31 10428223 frs-core:Non-currentFinancialInstruments 2023-01-31 10428223 frs-core:ShareCapital 2023-01-31 10428223 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10428223
Grumpy's Leeds Ltd
Financial Statements
For The Year Ended 31 January 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10428223
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,900 61,727
54,900 61,727
CURRENT ASSETS
Stocks 5 7,692 5,555
Debtors 6 220,839 7,449
Cash at bank and in hand 64,744 160,203
293,275 173,207
Creditors: Amounts Falling Due Within One Year 7 (222,917 ) (105,648 )
NET CURRENT ASSETS (LIABILITIES) 70,358 67,559
TOTAL ASSETS LESS CURRENT LIABILITIES 125,258 129,286
Creditors: Amounts Falling Due After More Than One Year 8 (2,323 ) (23,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,030 ) (7,899 )
NET ASSETS 115,905 98,054
CAPITAL AND RESERVES
Called up share capital 9 110 110
Profit and Loss Account 115,795 97,944
SHAREHOLDERS' FUNDS 115,905 98,054
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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 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
Ms Caszandra Rogerson
Director
22nd October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grumpy's Leeds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10428223 . The registered office is Unit 2 Old Combing Sunny Bank Mills, 83-85 Town Street, Farsley, Leeds, LS28 5UJ.
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:
Leasehold 10% Straight Line
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. 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.
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2.5. 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 year 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.
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 asset reflects 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: 24 (2023: 21)
24 21
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 72,283 41,129 6,116 119,528
Additions - 1,841 1,000 2,841
As at 31 January 2024 72,283 42,970 7,116 122,369
Depreciation
As at 1 February 2023 31,830 22,455 3,516 57,801
Provided during the period 4,046 4,784 838 9,668
As at 31 January 2024 35,876 27,239 4,354 67,469
Net Book Value
As at 31 January 2024 36,407 15,731 2,762 54,900
As at 1 February 2023 40,453 18,674 2,600 61,727
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5. Stocks
2024 2023
£ £
Finished goods 7,692 5,555
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,301 650
Other debtors 26,477 6,716
28,778 7,366
Due after more than one year
Amounts owed by participating interests 192,061 83
192,061 83
220,839 7,449
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,231 16,567
Bank loans and overdrafts 10,000 10,000
Other creditors 129,895 29,887
Taxation and social security 56,791 49,194
222,917 105,648
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,323 23,333
2,323 23,333
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
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10. 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
£ £ £ £ £
Ms Alexandra Rogerson 159 48,191 38,250 - (9,783 )
Ms Caszandra Rogerson 159 57,191 47,250 - (9,783 )
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
At the balance sheet date, the company owed £127,316 to Saint Jude Ltd (2023: £27,384) and was owed £192,061 from Sibs Property Ltd, companies under common control.
During the period, dividends of £1,0000 (2023: £9000) and £1,000 (2023: £2,000) were paid to Mr Daley Smith and Mr Matthew Chadwick, the spouses of Miss Caszandra Rogerson and Miss Alex Rogerson respectively.
No additional transactions were undertaken with directors, such as are required to be disclosed under FRS 102 section 1A small entities.
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