Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 NI068623 Mr Gary Graffin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI068623 2023-04-30 NI068623 2024-04-30 NI068623 2023-05-01 2024-04-30 NI068623 frs-core:Non-currentFinancialInstruments 2024-04-30 NI068623 frs-core:BetweenOneFiveYears 2024-04-30 NI068623 frs-core:FurnitureFittings 2023-05-01 2024-04-30 NI068623 frs-core:NetGoodwill 2023-05-01 2024-04-30 NI068623 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 NI068623 frs-core:MotorVehicles 2023-05-01 2024-04-30 NI068623 frs-core:PlantMachinery 2023-05-01 2024-04-30 NI068623 frs-core:WithinOneYear 2024-04-30 NI068623 frs-core:ShareCapital 2024-04-30 NI068623 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI068623 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI068623 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 NI068623 frs-bus:SmallEntities 2023-05-01 2024-04-30 NI068623 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI068623 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI068623 frs-bus:Director1 2023-05-01 2024-04-30 NI068623 frs-countries:NorthernIreland 2023-05-01 2024-04-30 NI068623 2022-04-30 NI068623 2023-04-30 NI068623 2022-05-01 2023-04-30 NI068623 frs-core:Non-currentFinancialInstruments 2023-04-30 NI068623 frs-core:BetweenOneFiveYears 2023-04-30 NI068623 frs-core:WithinOneYear 2023-04-30 NI068623 frs-core:ShareCapital 2023-04-30 NI068623 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: NI068623
GT Services (NI) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: NI068623
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 656,180 606,029
656,180 606,029
CURRENT ASSETS
Debtors 235,899 236,072
Cash at bank and in hand 142,739 168,215
378,638 404,287
Creditors: Amounts Falling Due Within One Year (124,058 ) (119,628 )
NET CURRENT ASSETS (LIABILITIES) 254,580 284,659
TOTAL ASSETS LESS CURRENT LIABILITIES 910,760 890,688
Creditors: Amounts Falling Due After More Than One Year (230,893 ) (206,119 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (141,545 ) (128,205 )
NET ASSETS 538,322 556,364
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 538,320 556,362
SHAREHOLDERS' FUNDS 538,322 556,364
Page 1
Page 2
For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gary Graffin
Director
16 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
GT Services (NI) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI068623 . The registered office is Unit 10 Steeple Industrial Estate, Steeple Road, Antrim, Co. Antrim, BT41 1AB.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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:
Leasehold no depreciation
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
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2.6. 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.
2.7. 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 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: 17 (2023: 16)
17 16
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4. Intangible Assets
Total
£
Cost
As at 1 May 2023 17,000
As at 30 April 2024 17,000
Amortisation
As at 1 May 2023 17,000
As at 30 April 2024 17,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 May 2023 1,713,517
Additions 213,695
As at 30 April 2024 1,927,212
Depreciation
As at 1 May 2023 1,107,488
Provided during the period 163,544
As at 30 April 2024 1,271,032
Net Book Value
As at 30 April 2024 656,180
As at 1 May 2023 606,029
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 114,757 87,062
Later than one year and not later than five years 230,893 206,119
345,650 293,181
345,650 293,181
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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