Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07035638 G Adkin C Antunes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07035638 2023-09-30 07035638 2024-09-30 07035638 2023-10-01 2024-09-30 07035638 frs-core:CurrentFinancialInstruments 2024-09-30 07035638 frs-core:Non-currentFinancialInstruments 2024-09-30 07035638 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07035638 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07035638 frs-core:MotorVehicles 2023-10-01 2024-09-30 07035638 frs-core:PlantMachinery 2024-09-30 07035638 frs-core:PlantMachinery 2023-10-01 2024-09-30 07035638 frs-core:PlantMachinery 2023-09-30 07035638 frs-core:ShareCapital 2024-09-30 07035638 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07035638 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07035638 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07035638 frs-bus:SmallEntities 2023-10-01 2024-09-30 07035638 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07035638 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07035638 frs-bus:Director1 2023-10-01 2024-09-30 07035638 frs-bus:Director1 2023-09-30 07035638 frs-bus:Director1 2024-09-30 07035638 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 07035638 frs-countries:EnglandWales 2023-10-01 2024-09-30 07035638 2022-09-30 07035638 2023-09-30 07035638 2022-10-01 2023-09-30 07035638 frs-core:CurrentFinancialInstruments 2023-09-30 07035638 frs-core:Non-currentFinancialInstruments 2023-09-30 07035638 frs-core:ShareCapital 2023-09-30 07035638 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07035638
Fresh Graphic Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
LK & Associates Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Fresh Graphic Solutions Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Fresh Graphic Solutions Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Fresh Graphic Solutions Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Fresh Graphic Solutions Limited and state those matters that we have agreed to state to the director of Fresh Graphic Solutions Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fresh Graphic Solutions Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Fresh Graphic Solutions 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 Fresh Graphic Solutions Limited . You consider that Fresh Graphic Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Fresh Graphic Solutions 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
LK & ASSOCIATES LTD
23/10/2024
LK & Associates Limited
ICAEW Chartered Accountants
2a High Street
Thames Ditton
KT7 0RY
Page 1
Page 2
Balance Sheet
Registered number: 07035638
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,025 24,912
18,025 24,912
CURRENT ASSETS
Stocks 5 11,745 10,400
Debtors 6 128,203 71,093
Cash at bank and in hand 158,174 141,009
298,122 222,502
Creditors: Amounts Falling Due Within One Year 7 (103,290 ) (100,348 )
NET CURRENT ASSETS (LIABILITIES) 194,832 122,154
TOTAL ASSETS LESS CURRENT LIABILITIES 212,857 147,066
Creditors: Amounts Falling Due After More Than One Year 8 - (33,337 )
NET ASSETS 212,857 113,729
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 212,757 113,629
SHAREHOLDERS' FUNDS 212,857 113,729
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For the year ending 30 September 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
G Adkin
Director
23/10/2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Fresh Graphic Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07035638 . The registered office is The Workshop, Tolworth Close, Surbiton, KT6 7EW.
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. 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.
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 Straight Line 20% depreciation
Motor Vehicles Straight Line 20% depreciation
Fixtures & Fittings Straight Line 20% depreciation
Computer Equipment Straight Line 20% depreciation
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.
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 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 October 2023 472,635
Additions 16,495
Disposals (32,326 )
As at 30 September 2024 456,804
Depreciation
As at 1 October 2023 447,724
Provided during the period 23,381
Disposals (32,326 )
As at 30 September 2024 438,779
Net Book Value
As at 30 September 2024 18,025
As at 1 October 2023 24,911
5. Stocks
2024 2023
£ £
Stock 11,745 10,400
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 114,458 60,543
Other debtors 13,745 10,550
128,203 71,093
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,248 5,569
Bank loans and overdrafts - 5,556
Other creditors 1,182 31,927
Taxation and social security 98,860 57,296
103,290 100,348
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 33,337
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Giles Adkin - 841 - - 841
The above loan is unsecured, interest free and repayable within 9 months after the financial year ending.
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