Acorah Software Products - Accounts Production 16.0.110 false true true 24 February 2023 25 February 2022 false 25 February 2023 31 January 2024 31 January 2024 09238982 Mr Andrew Grey Miss Zerin Safa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09238982 2023-02-24 09238982 2024-01-31 09238982 2023-02-25 2024-01-31 09238982 frs-core:CurrentFinancialInstruments 2024-01-31 09238982 frs-core:ComputerEquipment 2024-01-31 09238982 frs-core:ComputerEquipment 2023-02-25 2024-01-31 09238982 frs-core:ComputerEquipment 2023-02-24 09238982 frs-core:PlantMachinery 2024-01-31 09238982 frs-core:PlantMachinery 2023-02-25 2024-01-31 09238982 frs-core:PlantMachinery 2023-02-24 09238982 frs-core:ShareCapital 2024-01-31 09238982 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09238982 frs-bus:PrivateLimitedCompanyLtd 2023-02-25 2024-01-31 09238982 frs-bus:FilletedAccounts 2023-02-25 2024-01-31 09238982 frs-bus:SmallEntities 2023-02-25 2024-01-31 09238982 frs-bus:AuditExempt-NoAccountantsReport 2023-02-25 2024-01-31 09238982 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-25 2024-01-31 09238982 frs-bus:Director1 2023-02-25 2024-01-31 09238982 frs-bus:CompanySecretary1 2023-02-25 2024-01-31 09238982 frs-countries:EnglandWales 2023-02-25 2024-01-31 09238982 2022-02-24 09238982 2023-02-24 09238982 2022-02-25 2023-02-24 09238982 frs-core:CurrentFinancialInstruments 2023-02-24 09238982 frs-core:ShareCapital 2023-02-24 09238982 frs-core:RetainedEarningsAccumulatedLosses 2023-02-24
Registered number: 09238982
Grey Consultants Ltd
Unaudited Financial Statements
For the Period 25 February 2023 to 31 January 2024
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09238982
31 January 2024 24 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,050 26,190
22,050 26,190
CURRENT ASSETS
Debtors 5 330,748 419,340
Cash at bank and in hand 281,858 124,380
612,606 543,720
Creditors: Amounts Falling Due Within One Year 6 (197,608 ) (164,247 )
NET CURRENT ASSETS (LIABILITIES) 414,998 379,473
TOTAL ASSETS LESS CURRENT LIABILITIES 437,048 405,663
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,046 ) (4,976 )
NET ASSETS 433,002 400,687
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 433,001 400,686
SHAREHOLDERS' FUNDS 433,002 400,687
Page 1
Page 2
For the period 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 Profit and Loss Account.
On behalf of the board
Mr Andrew Grey
Director
21/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grey Consultants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09238982 . The registered office is 2nd Floor British Interplanetary Society, 27/29 South Lambeth Road, London, England, SW8 1SZ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Plant & Machinery 25% Straight Line
Computer Equipment 25% Straight Line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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 period was: 12 (2023: 8)
12 8
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 25 February 2023 5,000 37,407 42,407
Additions - 8,094 8,094
As at 31 January 2024 5,000 45,501 50,501
Depreciation
As at 25 February 2023 2,604 13,613 16,217
Provided during the period 1,250 10,984 12,234
As at 31 January 2024 3,854 24,597 28,451
Net Book Value
As at 31 January 2024 1,146 20,904 22,050
As at 25 February 2023 2,396 23,794 26,190
5. Debtors
31 January 2024 24 February 2023
£ £
Due within one year
Trade debtors 201,419 271,851
Other debtors 129,329 147,489
330,748 419,340
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 24 February 2023
£ £
Trade creditors 58,182 35,196
Other creditors 10,371 2,631
Taxation and social security 129,055 126,420
197,608 164,247
7. Share Capital
31 January 2024 24 February 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Related Party Transactions
Included in other debtors is a balance of £51,989 (2023- £147,489l) owed by Altarange Limited. A company under the common control of the director. 
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