Acorah Software Products - Accounts Production 16.1.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11073821 Mr Sunil Gopal Miss Ankita Gopal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11073821 2023-12-31 11073821 2024-12-31 11073821 2024-01-01 2024-12-31 11073821 frs-core:CurrentFinancialInstruments 2024-12-31 11073821 frs-core:Non-currentFinancialInstruments 2024-12-31 11073821 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 11073821 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11073821 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 11073821 frs-core:MotorVehicles 2024-12-31 11073821 frs-core:MotorVehicles 2024-01-01 2024-12-31 11073821 frs-core:MotorVehicles 2023-12-31 11073821 frs-core:PlantMachinery 2024-12-31 11073821 frs-core:PlantMachinery 2024-01-01 2024-12-31 11073821 frs-core:PlantMachinery 2023-12-31 11073821 frs-core:RevaluationReserve 2023-12-31 11073821 frs-core:RevaluationReserve 2024-12-31 11073821 frs-core:ShareCapital 2024-12-31 11073821 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11073821 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11073821 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11073821 frs-bus:SmallEntities 2024-01-01 2024-12-31 11073821 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11073821 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11073821 frs-bus:Director1 2024-01-01 2024-12-31 11073821 frs-bus:Director2 2024-01-01 2024-12-31 11073821 frs-countries:EnglandWales 2024-01-01 2024-12-31 11073821 2022-12-31 11073821 2023-12-31 11073821 2023-01-01 2023-12-31 11073821 frs-core:CurrentFinancialInstruments 2023-12-31 11073821 frs-core:Non-currentFinancialInstruments 2023-12-31 11073821 frs-core:RevaluationReserve 2023-12-31 11073821 frs-core:ShareCapital 2023-12-31 11073821 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11073821
Grafton Hill Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Rodwell James Accountancy Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
19/01/2025
Rodwell James Accountancy Limited
Suite A, 82 James Carter Road
Mildenhall
Bury St. Edmunds
Suffolk
IP28 7DE
Page 1
Page 2
Balance Sheet
Registered number: 11073821
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 255,268 263,020
255,268 263,020
CURRENT ASSETS
Debtors 5 44,216 24,995
Cash at bank and in hand 1,148 2,595
45,364 27,590
Creditors: Amounts Falling Due Within One Year 6 (13,205 ) (14,481 )
NET CURRENT ASSETS (LIABILITIES) 32,159 13,109
TOTAL ASSETS LESS CURRENT LIABILITIES 287,427 276,129
Creditors: Amounts Falling Due After More Than One Year 7 (31,429 ) (52,367 )
NET ASSETS 255,998 223,762
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 182,176 182,176
Profit and Loss Account 73,722 41,486
SHAREHOLDERS' FUNDS 255,998 223,762
Page 2
Page 3
For the year ending 31 December 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
Miss Ankita Gopal
Director
19/01/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Grafton Hill Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11073821 . The registered office is 129 Turf Lane, Chadderton, Oldham, Lancashire, OL9 8HR.
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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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:
Freehold NIL
Plant & Machinery 15% Reducing Balance
Motor Vehicles 20% Reducing Balance
2.3. 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: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2024 215,000 100,653 14,861 330,514
As at 31 December 2024 215,000 100,653 14,861 330,514
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 - 63,630 3,864 67,494
Provided during the period - 5,553 2,199 7,752
As at 31 December 2024 - 69,183 6,063 75,246
Net Book Value
As at 31 December 2024 215,000 31,470 8,798 255,268
As at 1 January 2024 215,000 37,023 10,997 263,020
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,200 24,000
Prepayments and accrued income 1,016 995
44,216 24,995
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 149 48
Corporation tax 5,374 10,007
Other taxes and social security 3,206 -
VAT 4,076 4,076
Accruals and deferred income 400 350
13,205 14,481
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,429 52,367
Directors loan account 12,000 -
31,429 52,367
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 January 2024 182,176
As at 31 December 2024 182,176
Page 5