Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11689748 Mr Paul Smith Mr Richard James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11689748 2023-11-30 11689748 2024-11-30 11689748 2023-12-01 2024-11-30 11689748 frs-core:CurrentFinancialInstruments 2024-11-30 11689748 frs-core:Non-currentFinancialInstruments 2024-11-30 11689748 frs-core:ComputerEquipment 2024-11-30 11689748 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11689748 frs-core:ComputerEquipment 2023-11-30 11689748 frs-core:MotorVehicles 2024-11-30 11689748 frs-core:MotorVehicles 2023-12-01 2024-11-30 11689748 frs-core:MotorVehicles 2023-11-30 11689748 frs-core:PlantMachinery 2024-11-30 11689748 frs-core:PlantMachinery 2023-12-01 2024-11-30 11689748 frs-core:PlantMachinery 2023-11-30 11689748 frs-core:ShareCapital 2024-11-30 11689748 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11689748 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11689748 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11689748 frs-bus:SmallEntities 2023-12-01 2024-11-30 11689748 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11689748 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11689748 frs-bus:Director1 2023-12-01 2024-11-30 11689748 frs-bus:Director2 2023-12-01 2024-11-30 11689748 frs-countries:EnglandWales 2023-12-01 2024-11-30 11689748 2022-11-30 11689748 2023-11-30 11689748 2022-12-01 2023-11-30 11689748 frs-core:CurrentFinancialInstruments 2023-11-30 11689748 frs-core:Non-currentFinancialInstruments 2023-11-30 11689748 frs-core:ShareCapital 2023-11-30 11689748 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11689748
The Graphics Factory Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Greg's Tax Advisory Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11689748
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,625 151,812
102,625 151,812
CURRENT ASSETS
Debtors 5 265,759 256,382
265,759 256,382
Creditors: Amounts Falling Due Within One Year 6 (237,518 ) (240,461 )
NET CURRENT ASSETS (LIABILITIES) 28,241 15,921
TOTAL ASSETS LESS CURRENT LIABILITIES 130,866 167,733
Creditors: Amounts Falling Due After More Than One Year 7 (90,356 ) (130,559 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,495 ) (37,097 )
NET ASSETS 15 77
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 13 75
SHAREHOLDERS' FUNDS 15 77
Page 1
Page 2
For the year ending 30 November 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
Mr Richard James
Director
21/12/2024
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
The Graphics Factory Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11689748 . The registered office is Unit 1 Whitegate Industrial Estate, Whitegate Road, Wrexham, LL13 8UG.
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 20% straight line
Motor Vehicles 25% straight line
Computer Equipment 33% straight line
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 226,341 15,200 3,085 244,626
Additions - - 266 266
As at 30 November 2024 226,341 15,200 3,351 244,892
Depreciation
As at 1 December 2023 83,635 7,600 1,579 92,814
Provided during the period 44,812 3,800 841 49,453
As at 30 November 2024 128,447 11,400 2,420 142,267
Net Book Value
As at 30 November 2024 97,894 3,800 931 102,625
As at 1 December 2023 142,706 7,600 1,506 151,812
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 118,284 97,445
Prepayments and accrued income 48,222 60,000
Net wages 316 -
Amounts owed by other participating interests 92,459 92,459
259,281 249,904
Due after more than one year
Other debtors 6,478 6,478
6,478 6,478
265,759 256,382
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 18,743 28,677
Other creditors 199,106 199,635
Taxation and social security 19,669 12,149
237,518 240,461
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 88,030 123,668
Government grants after one year 2,326 6,891
90,356 130,559
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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