Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC462148 Mrs Gillian Peden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC462148 2023-10-31 SC462148 2024-10-31 SC462148 2023-11-01 2024-10-31 SC462148 frs-core:CurrentFinancialInstruments 2024-10-31 SC462148 frs-core:ComputerEquipment 2024-10-31 SC462148 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC462148 frs-core:ComputerEquipment 2023-10-31 SC462148 frs-core:FurnitureFittings 2024-10-31 SC462148 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC462148 frs-core:FurnitureFittings 2023-10-31 SC462148 frs-core:MotorVehicles 2024-10-31 SC462148 frs-core:MotorVehicles 2023-11-01 2024-10-31 SC462148 frs-core:MotorVehicles 2023-10-31 SC462148 frs-core:PlantMachinery 2024-10-31 SC462148 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC462148 frs-core:PlantMachinery 2023-10-31 SC462148 frs-core:ShareCapital 2024-10-31 SC462148 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC462148 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC462148 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC462148 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC462148 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC462148 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC462148 frs-bus:Director1 2023-11-01 2024-10-31 SC462148 frs-countries:Scotland 2023-11-01 2024-10-31 SC462148 2022-10-31 SC462148 2023-10-31 SC462148 2022-11-01 2023-10-31 SC462148 frs-core:CurrentFinancialInstruments 2023-10-31 SC462148 frs-core:ShareCapital 2023-10-31 SC462148 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC462148
G-Fab (Architectural Metalwork) Ltd
Financial Statements
For The Year Ended 31 October 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC462148
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 782 978
782 978
CURRENT ASSETS
Stocks 5 2,700 7,000
Debtors 6 104,557 59,996
Cash at bank and in hand 1,066 698
108,323 67,694
Creditors: Amounts Falling Due Within One Year 7 (109,012 ) (67,642 )
NET CURRENT ASSETS (LIABILITIES) (689 ) 52
TOTAL ASSETS LESS CURRENT LIABILITIES 93 1,030
NET ASSETS 93 1,030
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (7 ) 930
SHAREHOLDERS' FUNDS 93 1,030
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For the year ending 31 October 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 her 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
Mrs Gillian Peden
Director
13th January 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
G-Fab (Architectural Metalwork) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC462148 . The registered office is 28 Greenhall Place, High Blantyre, Glasgow, G72 9TA.
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 April 2008).
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. 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 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. 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.
2.5. 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.
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: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 5,800 1,500 500 667 8,467
As at 31 October 2024 5,800 1,500 500 667 8,467
Depreciation
As at 1 November 2023 5,177 1,352 433 527 7,489
Provided during the period 125 30 13 28 196
As at 31 October 2024 5,302 1,382 446 555 7,685
Net Book Value
As at 31 October 2024 498 118 54 112 782
As at 1 November 2023 623 148 67 140 978
5. Stocks
2024 2023
£ £
Work in progress 2,700 7,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,392 53,281
Other debtors 28,147 2,463
Other taxes and social security 5,018 4,252
104,557 59,996
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,928 22,453
Bank loans and overdrafts 9,063 15,063
Corporation tax 23,502 11,910
VAT 20,612 17,120
Other creditors 7,410 -
Director's loan account 497 1,096
109,012 67,642
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 57,000 26,000
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