Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07301811 Mr N J Gorringe Mr N J Gorringe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07301811 2023-03-31 07301811 2024-03-31 07301811 2023-04-01 2024-03-31 07301811 frs-core:CurrentFinancialInstruments 2024-03-31 07301811 frs-core:ComputerEquipment 2024-03-31 07301811 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07301811 frs-core:ComputerEquipment 2023-03-31 07301811 frs-core:MotorVehicles 2024-03-31 07301811 frs-core:MotorVehicles 2023-04-01 2024-03-31 07301811 frs-core:MotorVehicles 2023-03-31 07301811 frs-core:ShareCapital 2024-03-31 07301811 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07301811 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07301811 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07301811 frs-bus:SmallEntities 2023-04-01 2024-03-31 07301811 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07301811 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07301811 frs-bus:Director1 2023-04-01 2024-03-31 07301811 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 07301811 frs-countries:EnglandWales 2023-04-01 2024-03-31 07301811 2022-03-31 07301811 2023-03-31 07301811 2022-04-01 2023-03-31 07301811 frs-core:CurrentFinancialInstruments 2023-03-31 07301811 frs-core:ShareCapital 2023-03-31 07301811 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07301811
Gorringo Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07301811
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,108 43,360
31,108 43,360
CURRENT ASSETS
Debtors 6 32,418 20,514
Cash at bank and in hand 93,259 51,596
125,677 72,110
Creditors: Amounts Falling Due Within One Year 7 (68,540 ) (37,899 )
NET CURRENT ASSETS (LIABILITIES) 57,137 34,211
TOTAL ASSETS LESS CURRENT LIABILITIES 88,245 77,571
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,238 ) (8,238 )
NET ASSETS 80,007 69,333
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 80,006 69,332
SHAREHOLDERS' FUNDS 80,007 69,333
Page 1
Page 2
For the year ending 31 March 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 N J Gorringe
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gorringo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07301811 . The registered office is 8 Martinfield Business Centre, Welwyn Garden City, Hertfordshire, AL7 1HG.
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, excluding discounts, rebates, value added tax and other sales taxes.
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:
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except tothe extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted orsubstantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 49,800 3,723 53,523
Additions - 944 944
As at 31 March 2024 49,800 4,667 54,467
Depreciation
As at 1 April 2023 7,069 3,094 10,163
Provided during the period 12,497 699 13,196
As at 31 March 2024 19,566 3,793 23,359
...CONTINUED
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Net Book Value
As at 31 March 2024 30,234 874 31,108
As at 1 April 2023 42,731 629 43,360
5. Stocks
2024 2023
£ £
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,441 41
Prepayments and accrued income 652 -
Other debtors 7,449 1,834
Corporation tax recoverable assets - 4
VAT 1,876 17,681
Other taxes and social security - 954
32,418 20,514
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,191 28,445
Corporation tax 26,831 5,533
Net wages - 1,600
Accruals and deferred income 2,500 1,650
Director's loan account 18 671
68,540 37,899
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4