Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03896660 Mr M Gentry Mr S Gentry Mr S Gentry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03896660 2023-12-31 03896660 2024-12-31 03896660 2024-01-01 2024-12-31 03896660 frs-core:CurrentFinancialInstruments 2024-12-31 03896660 frs-core:Non-currentFinancialInstruments 2024-12-31 03896660 frs-core:ComputerEquipment 2024-12-31 03896660 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03896660 frs-core:ComputerEquipment 2023-12-31 03896660 frs-core:FurnitureFittings 2024-12-31 03896660 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03896660 frs-core:FurnitureFittings 2023-12-31 03896660 frs-core:MotorVehicles 2024-12-31 03896660 frs-core:MotorVehicles 2024-01-01 2024-12-31 03896660 frs-core:MotorVehicles 2023-12-31 03896660 frs-core:PlantMachinery 2024-12-31 03896660 frs-core:PlantMachinery 2024-01-01 2024-12-31 03896660 frs-core:PlantMachinery 2023-12-31 03896660 frs-core:ShareCapital 2024-12-31 03896660 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03896660 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03896660 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03896660 frs-bus:SmallEntities 2024-01-01 2024-12-31 03896660 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03896660 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03896660 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 03896660 frs-bus:OrdinaryShareClass2 2024-12-31 03896660 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 03896660 frs-bus:OrdinaryShareClass3 2024-12-31 03896660 frs-bus:Director1 2024-01-01 2024-12-31 03896660 frs-bus:Director2 2024-01-01 2024-12-31 03896660 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03896660 frs-countries:EnglandWales 2024-01-01 2024-12-31 03896660 2022-12-31 03896660 2023-12-31 03896660 2023-01-01 2023-12-31 03896660 frs-core:CurrentFinancialInstruments 2023-12-31 03896660 frs-core:Non-currentFinancialInstruments 2023-12-31 03896660 frs-core:ShareCapital 2023-12-31 03896660 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03896660 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03896660 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31
Registered number: 03896660
Gentry Restorations Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03896660
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 94,559 45,292
94,559 45,292
CURRENT ASSETS
Stocks 5 697,938 576,009
Debtors 6 102,232 76,690
Cash at bank and in hand 34,069 60,401
834,239 713,100
Creditors: Amounts Falling Due Within One Year 7 (171,002 ) (95,157 )
NET CURRENT ASSETS (LIABILITIES) 663,237 617,943
TOTAL ASSETS LESS CURRENT LIABILITIES 757,796 663,235
Creditors: Amounts Falling Due After More Than One Year 8 (62,277 ) (32,094 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,605 ) (8,605 )
NET ASSETS 686,914 622,536
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 686,912 622,534
SHAREHOLDERS' FUNDS 686,914 622,536
Page 1
Page 2
For the year ending 31 December 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 S Gentry
Director
24 January 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
Gentry Restorations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03896660 . The registered office is 12 Wornal Park, Menmarsh Road, Worminghall, Aylesbury, Buckinghamshire, HP18 9JX.
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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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 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
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
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.
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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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 13 (2023: 13)
13 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 182,226 96,532 20,140 9,710 308,608
Additions 48,000 27,000 - - 75,000
Disposals - (9,777 ) - - (9,777 )
As at 31 December 2024 230,226 113,755 20,140 9,710 373,831
Depreciation
As at 1 January 2024 181,850 52,670 20,040 8,756 263,316
Provided during the period 2,125 23,076 55 477 25,733
Disposals - (9,777 ) - - (9,777 )
As at 31 December 2024 183,975 65,969 20,095 9,233 279,272
Net Book Value
As at 31 December 2024 46,251 47,786 45 477 94,559
As at 1 January 2024 376 43,862 100 954 45,292
5. Stocks
2024 2023
£ £
Finished goods 697,938 576,009
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,768 3,727
Prepayments and accrued income 51,060 64,944
Other debtors - 25
Corporation tax recoverable assets - 6,413
VAT 3,404 1,581
102,232 76,690
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,978 4,306
Trade creditors 76,392 46,959
Corporation tax 27,640 4,481
Other taxes and social security 7,678 7,040
Net wages 1,493 528
Other creditors 27,021 28,043
Accruals and deferred income 3,800 3,800
171,002 95,157
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 62,277 32,094
62,277 32,094
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.00 each 1 1
1 Ordinary B shares of £ 1.00 each 1 1
2 2
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