Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 4878273 Mr Gary Small iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4878273 2023-08-31 4878273 2024-08-31 4878273 2023-09-01 2024-08-31 4878273 frs-core:CurrentFinancialInstruments 2024-08-31 4878273 frs-core:Non-currentFinancialInstruments 2024-08-31 4878273 frs-core:BetweenOneFiveYears 2024-08-31 4878273 frs-core:MotorVehicles 2024-08-31 4878273 frs-core:MotorVehicles 2023-09-01 2024-08-31 4878273 frs-core:MotorVehicles 2023-08-31 4878273 frs-core:PlantMachinery 2024-08-31 4878273 frs-core:PlantMachinery 2023-09-01 2024-08-31 4878273 frs-core:PlantMachinery 2023-08-31 4878273 frs-core:WithinOneYear 2024-08-31 4878273 frs-core:ShareCapital 2024-08-31 4878273 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 4878273 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 4878273 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 4878273 frs-bus:SmallEntities 2023-09-01 2024-08-31 4878273 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 4878273 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 4878273 frs-bus:Director1 2023-09-01 2024-08-31 4878273 frs-countries:EnglandWales 2023-09-01 2024-08-31 4878273 2022-08-31 4878273 2023-08-31 4878273 2022-09-01 2023-08-31 4878273 frs-core:CurrentFinancialInstruments 2023-08-31 4878273 frs-core:Non-currentFinancialInstruments 2023-08-31 4878273 frs-core:BetweenOneFiveYears 2023-08-31 4878273 frs-core:WithinOneYear 2023-08-31 4878273 frs-core:ShareCapital 2023-08-31 4878273 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 4878273
GS ENGINEERING (WIRRAL) LTD
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4878273
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,861 126,479
97,861 126,479
CURRENT ASSETS
Stocks 5 8,764 15,250
Debtors 6 275,029 266,633
Cash at bank and in hand 22,136 64,645
305,929 346,528
Creditors: Amounts Falling Due Within One Year 7 (74,875 ) (75,556 )
NET CURRENT ASSETS (LIABILITIES) 231,054 270,972
TOTAL ASSETS LESS CURRENT LIABILITIES 328,915 397,451
Creditors: Amounts Falling Due After More Than One Year 8 (35,452 ) (53,518 )
NET ASSETS 293,463 343,933
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 293,363 343,833
SHAREHOLDERS' FUNDS 293,463 343,933
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For the year ending 31 August 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 Gary Small
Director
13/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GS ENGINEERING (WIRRAL) LTD Registered number 4878273 is a limited by shares company incorporated in England & Wales. The Registered Office is CHAMPIONS BUSINESS PARK, ARROWE BROOK ROAD, UPTON, WIRRAL, CH49 0AB.
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 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:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 20% 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 profit and loss account 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 profit and loss account 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 267,186 60,985 328,171
Additions 1,291 - 1,291
As at 31 August 2024 268,477 60,985 329,462
Depreciation
As at 1 September 2023 171,164 30,528 201,692
Provided during the period 10,476 19,433 29,909
As at 31 August 2024 181,640 49,961 231,601
Net Book Value
As at 31 August 2024 86,837 11,024 97,861
As at 1 September 2023 96,022 30,457 126,479
5. Stocks
2024 2023
£ £
Work in progress 8,764 15,250
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,279 47,140
Directors' Current Account 179,408 168,010
Other Debtors and Prepayments 5,284 7,246
Corporation tax recoverable assets 50,058 44,237
275,029 266,633
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,697 6,788
Trade creditors 15,837 13,210
Corporation tax 14,418 14,150
P A Y E 2,386 3,320
V A T 7,291 22,014
Other Creditors and Accruals 17,198 6,386
Bounce Back Loan - Current 10,048 9,688
74,875 75,556
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,393 35,090
Bounce Back Loan Payable after more than One Year 8,059 18,428
35,452 53,518
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,697 6,788
Later than one year and not later than five years 27,393 35,090
35,090 41,878
35,090 41,878
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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