Acorah Software Products - Accounts Production 15.0.600 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08016574 Mr Glenn Brooks Mrs Lucie Brooks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08016574 2023-04-30 08016574 2024-04-30 08016574 2023-05-01 2024-04-30 08016574 frs-core:CurrentFinancialInstruments 2024-04-30 08016574 frs-core:FurnitureFittings 2024-04-30 08016574 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08016574 frs-core:FurnitureFittings 2023-04-30 08016574 frs-core:MotorVehicles 2024-04-30 08016574 frs-core:MotorVehicles 2023-05-01 2024-04-30 08016574 frs-core:MotorVehicles 2023-04-30 08016574 frs-core:PlantMachinery 2024-04-30 08016574 frs-core:PlantMachinery 2023-05-01 2024-04-30 08016574 frs-core:PlantMachinery 2023-04-30 08016574 frs-core:ShareCapital 2024-04-30 08016574 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08016574 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08016574 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08016574 frs-bus:SmallEntities 2023-05-01 2024-04-30 08016574 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08016574 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08016574 frs-bus:Director1 2023-05-01 2024-04-30 08016574 frs-bus:Director1 2023-04-30 08016574 frs-bus:Director1 2024-04-30 08016574 frs-bus:Director2 2023-05-01 2024-04-30 08016574 frs-countries:EnglandWales 2023-05-01 2024-04-30 08016574 2022-04-30 08016574 2023-04-30 08016574 2022-05-01 2023-04-30 08016574 frs-core:CurrentFinancialInstruments 2023-04-30 08016574 frs-core:ShareCapital 2023-04-30 08016574 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08016574
GB Cooker Spares (2012) Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Square One
Chartered Certified Accountants
28 Glynn Road
Peacehaven
East Sussex
BN10 8AT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08016574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 925 1,503
925 1,503
CURRENT ASSETS
Stocks 5 447,705 412,000
Debtors 6 608,933 755,448
Cash at bank and in hand 250,367 77,289
1,307,005 1,244,737
Creditors: Amounts Falling Due Within One Year 7 (149,604 ) (175,032 )
NET CURRENT ASSETS (LIABILITIES) 1,157,401 1,069,705
TOTAL ASSETS LESS CURRENT LIABILITIES 1,158,326 1,071,208
PROVISIONS FOR LIABILITIES
Deferred Taxation (231 ) (157 )
NET ASSETS 1,158,095 1,071,051
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,158,094 1,071,050
SHAREHOLDERS' FUNDS 1,158,095 1,071,051
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 Profit and Loss Account.
On behalf of the board
Mr Glenn Brooks
Director
28th January 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GB Cooker Spares (2012) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08016574 . The registered office is Unit 2-3 Chelworth Industrial Estate, Cricklade, Swindon, Wiltshire, SN6 6HQ.
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.
The presentation currency is £ sterling.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Accordingly the accounts are presented on the going concern basis.
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 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 (usually on despatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.4. 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% straight line basis
Motor Vehicles 25% straight line basis
Fixtures & Fittings 25% straight line basis
Page 3
Page 4
2.5. Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. 
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.7. Financial Instruments
Financial instruments are recognised in the company’s statement of financial position when the company become party to the contractual provisions of the instrument.
Basic financial assets 
Basic financial assets which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs. 
Financial assets classified as receivable within one year are not amortised.
Where financial assets are classified as receivable in more than one year, they are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured as the present value of the future receipts discounted at a market rate of interest.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings within current liabilities.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 4
Page 5
2.7. Financial Instruments - continued
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest method.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 5
Page 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 25,565 1 39,952 65,518
As at 30 April 2024 25,565 1 39,952 65,518
Depreciation
As at 1 May 2023 25,565 1 38,449 64,015
Provided during the period - - 578 578
As at 30 April 2024 25,565 1 39,027 64,593
Net Book Value
As at 30 April 2024 - - 925 925
As at 1 May 2023 - - 1,503 1,503
5. Stocks
2024 2023
£ £
Stock 447,705 412,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,460 12,719
Other debtors 581,029 742,729
600,489 755,448
Due after more than one year
Other debtors 8,444 -
608,933 755,448
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 63,452 138,536
Other creditors 27,139 14,983
Taxation and social security 59,013 21,513
149,604 175,032
Page 6
Page 7
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Glenn Brooks 85,000 25,018 (85,000 ) - 25,018
The above loan is unsecured, interest free and repayable on demand.
The loan was repaid in full by 27 January 2025.
Page 7