Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06901180 Mr Alistair Brownlee Mr Richard Downey Mr Richard Downey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06901180 2022-12-31 06901180 2023-12-31 06901180 2023-01-01 2023-12-31 06901180 frs-core:CurrentFinancialInstruments 2023-12-31 06901180 frs-core:ComputerEquipment 2023-12-31 06901180 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06901180 frs-core:ComputerEquipment 2022-12-31 06901180 frs-core:FurnitureFittings 2023-12-31 06901180 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06901180 frs-core:FurnitureFittings 2022-12-31 06901180 frs-core:MotorVehicles 2023-12-31 06901180 frs-core:MotorVehicles 2023-01-01 2023-12-31 06901180 frs-core:MotorVehicles 2022-12-31 06901180 frs-core:PlantMachinery 2023-12-31 06901180 frs-core:PlantMachinery 2023-01-01 2023-12-31 06901180 frs-core:PlantMachinery 2022-12-31 06901180 frs-core:RevaluationReserve 2023-01-01 2023-12-31 06901180 frs-core:RevaluationReserve 2022-12-31 06901180 frs-core:RevaluationReserve 2023-12-31 06901180 frs-core:ShareCapital 2023-12-31 06901180 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06901180 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06901180 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06901180 frs-bus:SmallEntities 2023-01-01 2023-12-31 06901180 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06901180 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06901180 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06901180 frs-core:UnlistedNon-exchangeTraded 2022-12-31 06901180 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 06901180 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06901180 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06901180 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 06901180 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06901180 frs-bus:Director1 2023-01-01 2023-12-31 06901180 frs-bus:Director2 2023-01-01 2023-12-31 06901180 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06901180 frs-countries:EnglandWales 2023-01-01 2023-12-31 06901180 2021-12-31 06901180 2022-12-31 06901180 2022-01-01 2022-12-31 06901180 frs-core:CurrentFinancialInstruments 2022-12-31 06901180 frs-core:RevaluationReserve 2022-12-31 06901180 frs-core:ShareCapital 2022-12-31 06901180 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06901180
Alistair Brownlee Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06901180
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,712 10,752
Investment Properties 5 853,684 871,106
Investments 6 19,408 12,689
931,804 894,547
CURRENT ASSETS
Debtors 7 1,232,313 1,159,621
Investments 8 972,845 975,469
Cash at bank and in hand 436,072 331,330
2,641,230 2,466,420
Creditors: Amounts Falling Due Within One Year 9 (51,220 ) (53,856 )
NET CURRENT ASSETS (LIABILITIES) 2,590,010 2,412,564
TOTAL ASSETS LESS CURRENT LIABILITIES 3,521,814 3,307,111
PROVISIONS FOR LIABILITIES
Deferred Taxation (121,860 ) (92,099 )
NET ASSETS 3,399,954 3,215,012
CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 (48,998 ) (157,672 )
Profit and Loss Account 3,448,951 3,372,683
SHAREHOLDERS' FUNDS 3,399,954 3,215,012
Page 1
Page 2
For the year ending 31 December 2023 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 Alistair Brownlee
Director
21st November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Alistair Brownlee Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06901180 . The registered office is 1 London Road, Ipswich, IP1 2HA.
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:
Plant & Machinery 25% SL
Motor Vehicles 20% SL
Fixtures & Fittings 25% SL
Computer Equipment 33% SL
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2023 17,274 - 15,215 4,482 36,971
Additions - 44,309 16,741 490 61,540
As at 31 December 2023 17,274 44,309 31,956 4,972 98,511
Depreciation
As at 1 January 2023 14,423 - 7,315 4,481 26,219
Provided during the period 1,915 5,169 6,455 41 13,580
As at 31 December 2023 16,338 5,169 13,770 4,522 39,799
Net Book Value
As at 31 December 2023 936 39,140 18,186 450 58,712
As at 1 January 2023 2,851 - 7,900 1 10,752
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 871,106
Revaluations (17,422)
As at 31 December 2023 853,684
6. Investments
Unlisted
£
Cost
As at 1 January 2023 12,689
Additions 6,719
As at 31 December 2023 19,408
Provision
As at 1 January 2023 -
As at 31 December 2023 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 December 2023 19,408
As at 1 January 2023 12,689
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 25,968
Other debtors 11,218 11,218
VAT - 5,580
Amounts owed by group undertakings 1,221,095 1,116,855
1,232,313 1,159,621
8. Current Asset Investments
2023 2022
£ £
Listed investments 972,845 975,469
972,845 975,469
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 11,206
Corporation tax 39,499 32,153
VAT 8,098 -
Accruals and deferred income 2,345 2,345
Directors' loan accounts 1,278 8,152
51,220 53,856
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Revaluation Reserve
£
As at 1 January 2023 (157,672 )
Transfer to profit and loss 108,674
As at 31 December 2023 (48,998 )
Page 5