Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06483497 Mr John Bisseru Ms Gillian Reynolds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06483497 2023-01-31 06483497 2024-01-31 06483497 2023-02-01 2024-01-31 06483497 frs-core:CurrentFinancialInstruments 2024-01-31 06483497 frs-core:ComputerEquipment 2024-01-31 06483497 frs-core:ComputerEquipment 2023-02-01 2024-01-31 06483497 frs-core:ComputerEquipment 2023-01-31 06483497 frs-core:FurnitureFittings 2024-01-31 06483497 frs-core:FurnitureFittings 2023-02-01 2024-01-31 06483497 frs-core:FurnitureFittings 2023-01-31 06483497 frs-core:PlantMachinery 2024-01-31 06483497 frs-core:PlantMachinery 2023-02-01 2024-01-31 06483497 frs-core:PlantMachinery 2023-01-31 06483497 frs-core:ShareCapital 2024-01-31 06483497 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06483497 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06483497 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06483497 frs-bus:SmallEntities 2023-02-01 2024-01-31 06483497 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06483497 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06483497 frs-bus:Director1 2023-02-01 2024-01-31 06483497 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 06483497 frs-countries:EnglandWales 2023-02-01 2024-01-31 06483497 2022-01-31 06483497 2023-01-31 06483497 2022-02-01 2023-01-31 06483497 frs-core:CurrentFinancialInstruments 2023-01-31 06483497 frs-core:ShareCapital 2023-01-31 06483497 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06483497
Giosec UK Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Nine Ashes Bookkeeping
AAT
1 Nine Ashes Farm Cottages
Rookery Road
Ingatestone
Essex
CM4 0LD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06483497
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,227 47,994
41,227 47,994
CURRENT ASSETS
Stocks 5 20,000 20,000
Debtors 6 331 2,439
Cash at bank and in hand 36 212
20,367 22,651
Creditors: Amounts Falling Due Within One Year 7 (272,675 ) (169,669 )
NET CURRENT ASSETS (LIABILITIES) (252,308 ) (147,018 )
TOTAL ASSETS LESS CURRENT LIABILITIES (211,081 ) (99,024 )
NET LIABILITIES (211,081 ) (99,024 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (211,082 ) (99,025 )
SHAREHOLDERS' FUNDS (211,081) (99,024)
Page 1
Page 2
For the year ending 31 January 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 John Bisseru
Director
20/01/2025
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
Giosec UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06483497 . The registered office is Beckwith Barn, Warren Estate, Lordship Road , Writtle, Essex, CM1 3WT.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 20,385 64,576 29,735 114,696
Additions 310 1,434 10,197 11,941
As at 31 January 2024 20,695 66,010 39,932 126,637
Depreciation
As at 1 February 2023 5,096 51,794 9,812 66,702
Provided during the period 3,829 3,369 11,510 18,708
As at 31 January 2024 8,925 55,163 21,322 85,410
...CONTINUED
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Net Book Value
As at 31 January 2024 11,770 10,847 18,610 41,227
As at 1 February 2023 15,289 12,782 19,923 47,994
5. Stocks
2024 2023
£ £
Work in progress 20,000 20,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 331 2,439
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 272,073 169,067
Taxation and social security 602 602
272,675 169,669
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4