Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08375668 Mr Keith Pearson Mr Derek Quayle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08375668 2023-01-31 08375668 2024-01-31 08375668 2023-02-01 2024-01-31 08375668 frs-core:CurrentFinancialInstruments 2024-01-31 08375668 frs-core:Non-currentFinancialInstruments 2024-01-31 08375668 frs-core:BetweenOneFiveYears 2024-01-31 08375668 frs-core:ComputerEquipment 2024-01-31 08375668 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08375668 frs-core:ComputerEquipment 2023-01-31 08375668 frs-core:FurnitureFittings 2024-01-31 08375668 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08375668 frs-core:FurnitureFittings 2023-01-31 08375668 frs-core:NetGoodwill 2024-01-31 08375668 frs-core:NetGoodwill 2023-02-01 2024-01-31 08375668 frs-core:NetGoodwill 2023-01-31 08375668 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 08375668 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08375668 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 08375668 frs-core:MotorVehicles 2024-01-31 08375668 frs-core:MotorVehicles 2023-02-01 2024-01-31 08375668 frs-core:MotorVehicles 2023-01-31 08375668 frs-core:PlantMachinery 2024-01-31 08375668 frs-core:PlantMachinery 2023-02-01 2024-01-31 08375668 frs-core:PlantMachinery 2023-01-31 08375668 frs-core:WithinOneYear 2024-01-31 08375668 frs-core:RevaluationReserve 2023-01-31 08375668 frs-core:RevaluationReserve 2024-01-31 08375668 frs-core:ShareCapital 2024-01-31 08375668 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08375668 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08375668 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08375668 frs-bus:SmallEntities 2023-02-01 2024-01-31 08375668 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08375668 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08375668 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 08375668 frs-bus:OrdinaryShareClass1 2024-01-31 08375668 frs-bus:OrdinaryShareClass2 2023-02-01 2024-01-31 08375668 frs-bus:OrdinaryShareClass2 2024-01-31 08375668 frs-bus:Director1 2023-02-01 2024-01-31 08375668 frs-bus:Director2 2023-02-01 2024-01-31 08375668 frs-core:Non-currentFinancialInstruments 1 2024-01-31 08375668 frs-countries:EnglandWales 2023-02-01 2024-01-31 08375668 2022-01-31 08375668 2023-01-31 08375668 2022-02-01 2023-01-31 08375668 frs-core:CurrentFinancialInstruments 2023-01-31 08375668 frs-core:Non-currentFinancialInstruments 2023-01-31 08375668 frs-core:BetweenOneFiveYears 2023-01-31 08375668 frs-core:WithinOneYear 2023-01-31 08375668 frs-core:RevaluationReserve 2023-01-31 08375668 frs-core:ShareCapital 2023-01-31 08375668 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08375668 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31 08375668 frs-bus:OrdinaryShareClass2 2022-02-01 2023-01-31 08375668 frs-core:Non-currentFinancialInstruments 1 2023-01-31
Registered number: 08375668
Gem Engineering And Maintenance Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Meacher-Jones
Chartered Accountants
6 St John's Court
Vicars Lane
Chester
Cheshire
CH1 1QE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08375668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 403,200 453,600
Tangible Assets 5 456,737 526,440
859,937 980,040
CURRENT ASSETS
Stocks 6 (234,897 ) 33,250
Debtors 7 238,803 538,973
Cash at bank and in hand 101,948 112,127
105,854 684,350
Creditors: Amounts Falling Due Within One Year 8 (685,324 ) (525,443 )
NET CURRENT ASSETS (LIABILITIES) (579,470 ) 158,907
TOTAL ASSETS LESS CURRENT LIABILITIES 280,467 1,138,947
Creditors: Amounts Falling Due After More Than One Year 9 (20,305 ) (781,016 )
NET ASSETS 260,162 357,931
CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 13 98,500 98,500
Profit and Loss Account 161,660 259,429
SHAREHOLDERS' FUNDS 260,162 357,931
Page 1
Page 2
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
Mr Derek Quayle
Director
29 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gem Engineering And Maintenance Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08375668 . The registered office is Engineers Park, Factory Road, Sandycroft, Flintshire, CH5 2QJ.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 2% On Cost
Plant & Machinery 33% Straight line
Motor Vehicles 33% Straight line
Fixtures & Fittings 15% Straight line
Computer Equipment 33% Straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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 year was:
2024 2023
Office and administration 6 8
Manufacturing 22 31
28 39
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 524,000
As at 31 January 2024 524,000
Amortisation
As at 1 February 2023 70,400
Provided during the period 50,400
As at 31 January 2024 120,800
Net Book Value
As at 31 January 2024 403,200
As at 1 February 2023 453,600
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 451,620 186,952 52,924 10,752
Additions - - - -
As at 31 January 2024 451,620 186,952 52,924 10,752
Depreciation
As at 1 February 2023 63,212 81,750 21,529 9,318
Provided during the period 9,033 48,545 11,736 586
As at 31 January 2024 72,245 130,295 33,265 9,904
Net Book Value
As at 31 January 2024 379,375 56,657 19,659 848
As at 1 February 2023 388,408 105,202 31,395 1,434
Computer Equipment Total
£ £
Cost
As at 1 February 2023 6,947 709,195
Additions 215 215
As at 31 January 2024 7,162 709,410
Depreciation
As at 1 February 2023 6,946 182,755
Provided during the period 18 69,918
As at 31 January 2024 6,964 252,673
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 January 2024 198 456,737
As at 1 February 2023 1 526,440
6. Stocks
2024 2023
£ £
Stock 5,000 5,000
Work in progress - 28,250
Payments on account (239,897 ) -
(234,897 ) 33,250
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 171,842 490,221
Prepayments and accrued income 26,794 24,052
Other debtors 35,168 24,700
233,804 538,973
Due after more than one year
Amounts owed by group undertakings 4,999 -
4,999 -
238,803 538,973
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,579 3,579
Trade creditors 111,300 193,269
Bank loans and overdrafts 1,574 1,574
Corporation tax 4,365 1,895
Other taxes and social security 19,019 24,385
VAT 43,338 183,978
Other creditors 79,109 114,419
Accruals and deferred income 2,431 2,344
Directors' loan accounts 420,609 -
685,324 525,443
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,182 23,761
Bank loans 123 1,822
Intercompany - JNE - 755,433
20,305 781,016
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,579 3,579
Later than one year and not later than five years 20,182 23,761
23,761 27,340
23,761 27,340
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
1 Ordinary A shares of £ 1 each 1 1
2 2
12. Pension Commitments
The company operates a defined contribution pension scheme for its employees The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £515 (PY £13,623) were due to the fund. They are included in Other Creditors.
13. Reserves
Revaluation Reserve
£
As at 1 February 2023 98,500
As at 31 January 2024 98,500
Page 6