Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 05035040 Mr David Antrobus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05035040 2023-02-28 05035040 2024-02-28 05035040 2023-03-01 2024-02-28 05035040 frs-core:CurrentFinancialInstruments 2024-02-28 05035040 frs-core:Non-currentFinancialInstruments 2024-02-28 05035040 frs-core:BetweenOneFiveYears 2024-02-28 05035040 frs-core:ComputerEquipment 2024-02-28 05035040 frs-core:ComputerEquipment 2023-03-01 2024-02-28 05035040 frs-core:ComputerEquipment 2023-02-28 05035040 frs-core:FurnitureFittings 2024-02-28 05035040 frs-core:FurnitureFittings 2023-03-01 2024-02-28 05035040 frs-core:FurnitureFittings 2023-02-28 05035040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 05035040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 05035040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 05035040 frs-core:MotorVehicles 2024-02-28 05035040 frs-core:MotorVehicles 2023-03-01 2024-02-28 05035040 frs-core:MotorVehicles 2023-02-28 05035040 frs-core:PlantMachinery 2024-02-28 05035040 frs-core:PlantMachinery 2023-03-01 2024-02-28 05035040 frs-core:PlantMachinery 2023-02-28 05035040 frs-core:WithinOneYear 2024-02-28 05035040 frs-core:ShareCapital 2024-02-28 05035040 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 05035040 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 05035040 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 05035040 frs-bus:SmallEntities 2023-03-01 2024-02-28 05035040 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 05035040 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 05035040 frs-bus:Director1 2023-03-01 2024-02-28 05035040 frs-countries:EnglandWales 2023-03-01 2024-02-28 05035040 2022-02-28 05035040 2023-02-28 05035040 2022-03-01 2023-02-28 05035040 frs-core:CurrentFinancialInstruments 2023-02-28 05035040 frs-core:Non-currentFinancialInstruments 2023-02-28 05035040 frs-core:BetweenOneFiveYears 2023-02-28 05035040 frs-core:WithinOneYear 2023-02-28 05035040 frs-core:ShareCapital 2023-02-28 05035040 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05035040
G.T.M. Heavy Rentals Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
M C Accountants
Chartered Certified Accountants
19 Market Square
Sandbach
Cheshire
CW11 1AT
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05035040
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,038,310 4,490,923
5,038,310 4,490,923
CURRENT ASSETS
Stocks 5 15,381 17,476
Debtors 6 702,601 801,253
Cash at bank and in hand 374,341 75,389
1,092,323 894,118
Creditors: Amounts Falling Due Within One Year 7 (1,748,503 ) (1,925,395 )
NET CURRENT ASSETS (LIABILITIES) (656,180 ) (1,031,277 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,382,130 3,459,646
Creditors: Amounts Falling Due After More Than One Year 8 (1,808,310 ) (1,150,119 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (770,298 ) (650,510 )
NET ASSETS 1,803,522 1,659,017
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,803,422 1,658,917
SHAREHOLDERS' FUNDS 1,803,522 1,659,017
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For the year ending 28 February 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 David Antrobus
Director
29th November 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
G.T.M. Heavy Rentals Limited Registered number 05035040 is a limited by shares company incorporated in England & Wales. The Registered Office is Hall Cottage , Higher Lane, Dutton, Warrington , WA4 4JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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. 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 No Depreciation
Plant & Machinery 7 & 10 year straight line
Motor Vehicles 8 years straight line
Fixtures & Fittings 8 years straight line
Computer Equipment 3 years straight line
2.4. 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.
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 20 20
Sales, marketing and distribution 1 1
21 21
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2023 198,378 5,871,405 810,275 3,069
Additions 31,558 988,303 361,765 46
Disposals - (137,275 ) (48,000 ) -
As at 28 February 2024 229,936 6,722,433 1,124,040 3,115
Depreciation
As at 1 March 2023 - 2,190,572 198,458 3,241
Provided during the period - 627,524 122,720 -
Disposals - (72,036 ) (28,563 ) (312 )
As at 28 February 2024 - 2,746,060 292,615 2,929
Net Book Value
As at 28 February 2024 229,936 3,976,373 831,425 186
As at 1 March 2023 198,378 3,680,833 611,817 (172 )
Computer Equipment Total
£ £
Cost
As at 1 March 2023 8,014 6,891,141
Additions 585 1,382,257
Disposals - (185,275 )
As at 28 February 2024 8,599 8,088,123
...CONTINUED
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Depreciation
As at 1 March 2023 7,947 2,400,218
Provided during the period 262 750,506
Disposals - (100,911 )
As at 28 February 2024 8,209 3,049,813
Net Book Value
As at 28 February 2024 390 5,038,310
As at 1 March 2023 67 4,490,923
5. Stocks
2024 2023
£ £
Materials 15,381 17,476
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 702,151 751,906
Prepayments and accrued income - 3,608
Other debtors 450 450
VAT - 45,289
702,601 801,253
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 863,714 581,946
Trade creditors 626,495 1,098,821
Corporation tax - 52
Other taxes and social security 18,311 17,036
VAT 44,590 -
Other creditors 9,323 5,512
Accruals and deferred income 3,750 7,500
Director's loan account 182,320 214,528
1,748,503 1,925,395
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,724,977 1,004,286
Bank loans 83,333 145,833
1,808,310 1,150,119
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 863,714 581,946
Later than one year and not later than five years 1,724,977 1,004,286
2,588,691 1,586,232
2,588,691 1,586,232
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 770,298 650,510
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 100,000 100,000
100,000 100,000
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