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 06659081 Kobina Mensah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06659081 2023-01-31 06659081 2024-01-31 06659081 2023-02-01 2024-01-31 06659081 frs-core:CurrentFinancialInstruments 2024-01-31 06659081 frs-core:Non-currentFinancialInstruments 2024-01-31 06659081 frs-core:FurnitureFittings 2024-01-31 06659081 frs-core:FurnitureFittings 2023-02-01 2024-01-31 06659081 frs-core:FurnitureFittings 2023-01-31 06659081 frs-core:ShareCapital 2024-01-31 06659081 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06659081 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06659081 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06659081 frs-bus:SmallEntities 2023-02-01 2024-01-31 06659081 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06659081 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06659081 frs-core:UnlistedNon-exchangeTraded 2024-01-31 06659081 frs-core:UnlistedNon-exchangeTraded 2023-01-31 06659081 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 06659081 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 06659081 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 06659081 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 06659081 frs-bus:Director1 2023-02-01 2024-01-31 06659081 frs-countries:EnglandWales 2023-02-01 2024-01-31 06659081 2022-01-31 06659081 2023-01-31 06659081 2022-02-01 2023-01-31 06659081 frs-core:CurrentFinancialInstruments 2023-01-31 06659081 frs-core:Non-currentFinancialInstruments 2023-01-31 06659081 frs-core:ShareCapital 2023-01-31 06659081 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06659081
Gio Legal Services Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Mazuma
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06659081
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,246 35,067
Investments 5 10,220 10,220
19,466 45,287
CURRENT ASSETS
Debtors 6 33,502 19,696
Cash at bank and in hand 17,575 34,067
51,077 53,763
Creditors: Amounts Falling Due Within One Year 7 (128,751 ) (127,958 )
NET CURRENT ASSETS (LIABILITIES) (77,674 ) (74,195 )
TOTAL ASSETS LESS CURRENT LIABILITIES (58,208 ) (28,908 )
Creditors: Amounts Falling Due After More Than One Year 8 (98,908 ) (102,687 )
NET LIABILITIES (157,116 ) (131,595 )
CAPITAL AND RESERVES
Called up share capital 9 500 50
Profit and Loss Account (157,616 ) (131,645 )
SHAREHOLDERS' FUNDS (157,116) (131,595)
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
Kobina Mensah
Director
06/01/2025
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
Gio Legal Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06659081 . The registered office is 40 Level 18, Bank Street (Hq3), London, E14 5NR.
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:
Fixtures & Fittings Over 4 years
2.4. 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: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 189,989
As at 31 January 2024 189,989
Depreciation
As at 1 February 2023 154,922
Provided during the period 25,821
As at 31 January 2024 180,743
Net Book Value
As at 31 January 2024 9,246
As at 1 February 2023 35,067
5. Investments
Unlisted
£
Cost
As at 1 February 2023 10,220
As at 31 January 2024 10,220
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 10,220
As at 1 February 2023 10,220
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,741 7,004
Other debtors 18,761 12,692
33,502 19,696
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 119,684 122,488
Taxation and social security 9,067 5,470
128,751 127,958
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 60,521 60,621
Other creditors 38,387 42,066
98,908 102,687
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 50
Page 5