Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11439972 Mr Joseph Ewens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11439972 2023-06-30 11439972 2024-06-30 11439972 2023-07-01 2024-06-30 11439972 frs-core:CurrentFinancialInstruments 2024-06-30 11439972 frs-core:ComputerEquipment 2024-06-30 11439972 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11439972 frs-core:ComputerEquipment 2023-06-30 11439972 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 11439972 frs-core:OtherResidualIntangibleAssets 2024-06-30 11439972 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 11439972 frs-core:OtherResidualIntangibleAssets 2023-06-30 11439972 frs-core:ShareCapital 2024-06-30 11439972 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11439972 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11439972 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11439972 frs-bus:SmallEntities 2023-07-01 2024-06-30 11439972 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11439972 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11439972 frs-bus:Director1 2023-07-01 2024-06-30 11439972 frs-bus:Director1 2023-06-30 11439972 frs-bus:Director1 2024-06-30 11439972 frs-countries:EnglandWales 2023-07-01 2024-06-30 11439972 2022-06-30 11439972 2023-06-30 11439972 2022-07-01 2023-06-30 11439972 frs-core:CurrentFinancialInstruments 2023-06-30 11439972 frs-core:ShareCapital 2023-06-30 11439972 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11439972
Gloucestershire Surveyors Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11439972
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 165 274
Tangible Assets 5 2,728 3,348
2,893 3,622
CURRENT ASSETS
Debtors 6 18,435 42,264
Cash at bank and in hand 44,899 12,268
63,334 54,532
Creditors: Amounts Falling Due Within One Year 7 (28,328 ) (27,992 )
NET CURRENT ASSETS (LIABILITIES) 35,006 26,540
TOTAL ASSETS LESS CURRENT LIABILITIES 37,899 30,162
NET ASSETS 37,899 30,162
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 37,799 30,062
SHAREHOLDERS' FUNDS 37,899 30,162
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For the year ending 30 June 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 Joseph Ewens
Director
15 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Gloucestershire Surveyors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11439972 . The registered office is 1st Floor Office , 105 Church Street , Tewkesbury , Gloucestershire , GL20 5AB.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the development of a website. It is amortised to profit and loss account over its estimated economic life of 4 years.
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:
Computer Equipment 25% Straight Line
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 549
As at 30 June 2024 549
Amortisation
As at 1 July 2023 275
Provided during the period 109
As at 30 June 2024 384
Net Book Value
As at 30 June 2024 165
As at 1 July 2023 274
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 4,753
Additions 569
As at 30 June 2024 5,322
Depreciation
As at 1 July 2023 1,405
Provided during the period 1,189
As at 30 June 2024 2,594
Net Book Value
As at 30 June 2024 2,728
As at 1 July 2023 3,348
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,290 18,144
Other debtors 8,145 2,046
Director's loan account - 22,074
18,435 42,264
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 133 2,331
Bank loans and overdrafts 3,140 4,545
Corporation tax 15,725 14,556
Other taxes and social security 479 -
VAT 7,504 5,840
Accruals and deferred income 720 720
Director's loan account 627 -
28,328 27,992
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Joseph Ewens 22,074 72,272 94,373 - (27 )
The above loan is unsecured, interest free and repayable on demand.
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