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 04135730 Mr CHRIS GARVEY Mr STEVE GARVEY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04135730 2023-01-31 04135730 2024-01-31 04135730 2023-02-01 2024-01-31 04135730 frs-core:CurrentFinancialInstruments 2024-01-31 04135730 frs-core:Non-currentFinancialInstruments 2024-01-31 04135730 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04135730 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04135730 frs-core:NetGoodwill 2024-01-31 04135730 frs-core:NetGoodwill 2023-02-01 2024-01-31 04135730 frs-core:NetGoodwill 2023-01-31 04135730 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 04135730 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04135730 frs-core:MotorVehicles 2023-02-01 2024-01-31 04135730 frs-core:PlantMachinery 2024-01-31 04135730 frs-core:PlantMachinery 2023-02-01 2024-01-31 04135730 frs-core:PlantMachinery 2023-01-31 04135730 frs-core:ShareCapital 2024-01-31 04135730 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04135730 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04135730 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04135730 frs-bus:SmallEntities 2023-02-01 2024-01-31 04135730 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04135730 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04135730 frs-bus:Director1 2023-02-01 2024-01-31 04135730 frs-bus:Director2 2023-02-01 2024-01-31 04135730 frs-countries:EnglandWales 2023-02-01 2024-01-31 04135730 2022-01-31 04135730 2023-01-31 04135730 2022-02-01 2023-01-31 04135730 frs-core:CurrentFinancialInstruments 2023-01-31 04135730 frs-core:Non-currentFinancialInstruments 2023-01-31 04135730 frs-core:ShareCapital 2023-01-31 04135730 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 04135730
GARVEYS LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2024
Garveys Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04135730
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,000 25,000
Tangible Assets 5 5,920 5,392
30,920 30,392
CURRENT ASSETS
Stocks 6 3,000 2,900
Debtors 7 86,504 87,187
Cash at bank and in hand 88,478 105,954
177,982 196,041
Creditors: Amounts Falling Due Within One Year 8 (81,385 ) (56,923 )
NET CURRENT ASSETS (LIABILITIES) 96,597 139,118
TOTAL ASSETS LESS CURRENT LIABILITIES 127,517 169,510
Creditors: Amounts Falling Due After More Than One Year 9 (13,333 ) (23,333 )
NET ASSETS 114,184 146,177
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 114,084 146,077
SHAREHOLDERS' FUNDS 114,184 146,177
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 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 CHRIS GARVEY
Director
29/01/2025
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
GARVEYS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04135730 . The registered office is 84 HIGH STREET, HARLESDEN, LONDON, NW10 4SJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 0%
Leasehold 0%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 6 6
6 6
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 25,000
As at 31 January 2024 25,000
Net Book Value
As at 31 January 2024 25,000
As at 1 February 2023 25,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 35,946
Additions 2,502
As at 31 January 2024 38,448
Depreciation
As at 1 February 2023 30,554
Provided during the period 1,974
As at 31 January 2024 32,528
Net Book Value
As at 31 January 2024 5,920
As at 1 February 2023 5,392
6. Stocks
2024 2023
£ £
Materials 3,000 2,900
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 86,504 87,187
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 31,090 26,629
Other creditors 46,019 28,334
Directors' loan accounts 4,276 1,960
81,385 56,923
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5