Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13588895 Mrs Hannah Jackson Mr Robert Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13588895 2023-08-31 13588895 2024-08-31 13588895 2023-09-01 2024-08-31 13588895 frs-core:CurrentFinancialInstruments 2024-08-31 13588895 frs-core:BetweenOneFiveYears 2024-08-31 13588895 frs-core:ComputerEquipment 2024-08-31 13588895 frs-core:ComputerEquipment 2023-09-01 2024-08-31 13588895 frs-core:ComputerEquipment 2023-08-31 13588895 frs-core:WithinOneYear 2024-08-31 13588895 frs-core:ShareCapital 2024-08-31 13588895 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13588895 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13588895 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 13588895 frs-bus:SmallEntities 2023-09-01 2024-08-31 13588895 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13588895 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13588895 frs-bus:Director1 2023-09-01 2024-08-31 13588895 frs-bus:Director1 2023-08-31 13588895 frs-bus:Director1 2024-08-31 13588895 frs-bus:Director2 2023-09-01 2024-08-31 13588895 frs-countries:EnglandWales 2023-09-01 2024-08-31 13588895 2022-08-31 13588895 2023-08-31 13588895 2022-09-01 2023-08-31 13588895 frs-core:CurrentFinancialInstruments 2023-08-31 13588895 frs-core:BetweenOneFiveYears 2023-08-31 13588895 frs-core:WithinOneYear 2023-08-31 13588895 frs-core:ShareCapital 2023-08-31 13588895 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 13588895
Grove Cost Management Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13588895
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 860 1,900
860 1,900
CURRENT ASSETS
Debtors 5 10,036 2,831
Cash at bank and in hand 12,423 16,359
22,459 19,190
Creditors: Amounts Falling Due Within One Year 6 (22,967 ) (20,707 )
NET CURRENT ASSETS (LIABILITIES) (508 ) (1,517 )
TOTAL ASSETS LESS CURRENT LIABILITIES 352 383
PROVISIONS FOR LIABILITIES
Deferred Taxation (163 ) (361 )
NET ASSETS 189 22
CAPITAL AND RESERVES
Called up share capital 7 110 10
Profit and Loss Account 79 12
SHAREHOLDERS' FUNDS 189 22
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For the year ending 31 August 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 Robert Jackson
Director
30 October 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
Grove Cost Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13588895 . The registered office is 64 Clough Grove Oughtibridge, Sheffield, S35 0JX.
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:
Computer Equipment 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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 3 (2023: 2)
3 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 3,142
As at 31 August 2024 3,142
Depreciation
As at 1 September 2023 1,242
Provided during the period 1,040
As at 31 August 2024 2,282
Net Book Value
As at 31 August 2024 860
As at 1 September 2023 1,900
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,089 648
Directors' loan accounts 5,947 2,183
10,036 2,831
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 216
Taxation and social security 22,967 20,491
22,967 20,707
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 10
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,086 12,086
Later than one year and not later than five years 6,043 18,129
18,129 30,215
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Robert Jackson 2,183 5,947 2,183 - 5,947
The above loan is unsecured, interest free and repayable on demand.
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