Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC064706 Fraser Gray Moira Gray Stuart Gray Richard Taylor Moira Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC064706 2023-04-30 SC064706 2024-04-30 SC064706 2023-05-01 2024-04-30 SC064706 frs-core:CurrentFinancialInstruments 2024-04-30 SC064706 frs-core:Non-currentFinancialInstruments 2024-04-30 SC064706 frs-core:ComputerEquipment 2024-04-30 SC064706 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC064706 frs-core:ComputerEquipment 2023-04-30 SC064706 frs-core:FurnitureFittings 2024-04-30 SC064706 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC064706 frs-core:FurnitureFittings 2023-04-30 SC064706 frs-core:MotorVehicles 2024-04-30 SC064706 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC064706 frs-core:MotorVehicles 2023-04-30 SC064706 frs-core:PlantMachinery 2024-04-30 SC064706 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC064706 frs-core:PlantMachinery 2023-04-30 SC064706 frs-core:WithinOneYear 2024-04-30 SC064706 frs-core:CapitalRedemptionReserve 2024-04-30 SC064706 frs-core:OtherReservesSubtotal 2024-04-30 SC064706 frs-core:ShareCapital 2024-04-30 SC064706 frs-core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 SC064706 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC064706 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC064706 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC064706 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC064706 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC064706 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC064706 frs-bus:Director1 2023-05-01 2024-04-30 SC064706 frs-bus:Director2 2023-05-01 2024-04-30 SC064706 frs-bus:Director3 2023-05-01 2024-04-30 SC064706 frs-bus:Director4 2023-05-01 2024-04-30 SC064706 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 SC064706 1 2023-05-01 2024-04-30 SC064706 frs-countries:Scotland 2023-05-01 2024-04-30 SC064706 2022-04-30 SC064706 2023-04-30 SC064706 2022-05-01 2023-04-30 SC064706 frs-core:CurrentFinancialInstruments 2023-04-30 SC064706 frs-core:Non-currentFinancialInstruments 2023-04-30 SC064706 frs-core:BetweenOneFiveYears 2023-04-30 SC064706 frs-core:WithinOneYear 2023-04-30 SC064706 frs-core:CapitalRedemptionReserve 2022-04-30 SC064706 frs-core:CapitalRedemptionReserve 2023-04-30 SC064706 frs-core:OtherReservesSubtotal 2022-04-30 SC064706 frs-core:OtherReservesSubtotal 2023-04-30 SC064706 frs-core:ShareCapital 2022-04-30 SC064706 frs-core:ShareCapital 2023-04-30 SC064706 frs-core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 SC064706 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-04-30 SC064706 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC064706 1 2022-05-01 2023-04-30
Registered number: SC064706
Gray & Dick Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Statement of Financial Position
Registered number: SC064706
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,239 31,887
98,239 31,887
CURRENT ASSETS
Stocks 5 89,964 122,120
Debtors 6 1,395,741 1,766,631
Investments 7 42,617 40,287
Cash at bank and in hand 1,343,513 638,445
2,871,835 2,567,483
Creditors: Amounts Falling Due Within One Year 8 (873,259 ) (1,281,683 )
NET CURRENT ASSETS (LIABILITIES) 1,998,576 1,285,800
TOTAL ASSETS LESS CURRENT LIABILITIES 2,096,815 1,317,687
Creditors: Amounts Falling Due After More Than One Year 9 - (74,708 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,967 ) -
NET ASSETS 2,087,848 1,242,979
CAPITAL AND RESERVES
Called up share capital 11 27 27
Capital redemption reserve 23 23
Other reserves 50 50
Income Statement 2,087,748 1,242,879
SHAREHOLDERS' FUNDS 2,087,848 1,242,979
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 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 Income Statement.
On behalf of the board
Moira Gray
Director
24/01/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Capital Redemption Other reserves Income Statement Total
£ £ £ £ £
As at 1 May 2022 27 23 50 875,235 875,335
Profit for the year and total comprehensive income - - - 445,749 445,749
Dividends paid - - - (78,105) (78,105)
As at 30 April 2023 and 1 May 2023 27 23 50 1,242,879 1,242,979
Profit for the year and total comprehensive income - - - 928,369 928,369
Dividends paid - - - (83,500) (83,500)
As at 30 April 2024 27 23 50 2,087,748 2,087,848
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Gray & Dick Limited is a private company, limited by shares, incorporated in Scotland, registered number SC064706 . The registered office is Block 8 Unit 2, New Albion, Halley Street, Yoker Glasgow, G13 4DJ.
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 from the rendering of services.
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.
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% on Cost
Motor Vehicles 25% on Cost
Fixtures & Fittings 25% on Cost
Computer Equipment 33.33% on Cost
2.4. 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 income statement 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 income statement as incurred.
2.5. 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.
2.6. 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 year 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.
...CONTINUED
Page 4
Page 5
2.6. Taxation - continued
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 asset reflects 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 as follows:
2024 2023
Directors and staff 24 26
24 26
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 94,444 198,909 9,362 32,856 335,571
Additions 11,795 93,024 - 2,440 107,259
Disposals (9,396 ) (58,965 ) - (8,472 ) (76,833 )
As at 30 April 2024 96,843 232,968 9,362 26,824 365,997
Depreciation
As at 1 May 2023 84,657 180,226 9,362 29,439 303,684
Provided during the period 5,181 32,598 - 3,128 40,907
Disposals (9,396 ) (58,965 ) - (8,472 ) (76,833 )
As at 30 April 2024 80,442 153,859 9,362 24,095 267,758
Net Book Value
As at 30 April 2024 16,401 79,109 - 2,729 98,239
As at 1 May 2023 9,787 18,683 - 3,417 31,887
5. Stocks
2024 2023
£ £
Work In Progress 89,964 122,120
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,297,307 1,656,055
Prepayments and accrued income 32,000 24,020
Other debtors 15,536 600
Deferred tax current asset - 7,787
VAT 50,898 78,169
1,395,741 1,766,631
7. Current Asset Investments
2024 2023
£ £
Listed investments 42,617 40,287

The market value of listed investments was £ 131,366 (2023 - £ 111,371 )

8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,072 11,316
Trade creditors 196,836 556,347
Bank loans and overdrafts 17,091 54,546
Corporation tax 284,867 98,834
Other taxes and social security 47,373 50,445
Other creditors 1,721 7,302
Accruals and deferred income 316,571 161,165
Directors' loan accounts 1,728 341,728
873,259 1,281,683
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 7,072
Bank loans - 67,636
- 74,708
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,072 11,316
Later than one year and not later than five years - 7,072
7,072 18,388
7,072 18,388
Page 6
Page 7
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 27 27
Page 7