Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2022 29 October 2021 false 1 November 2022 31 March 2024 31 March 2024 NI683476 Mr Stephen Buckley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI683476 2022-10-31 NI683476 2024-03-31 NI683476 2022-11-01 2024-03-31 NI683476 frs-core:CurrentFinancialInstruments 2024-03-31 NI683476 frs-core:ComputerEquipment 2024-03-31 NI683476 frs-core:ComputerEquipment 2022-11-01 2024-03-31 NI683476 frs-core:ComputerEquipment 2022-10-31 NI683476 frs-core:ShareCapital 2024-03-31 NI683476 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI683476 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-03-31 NI683476 frs-bus:FilletedAccounts 2022-11-01 2024-03-31 NI683476 frs-bus:SmallEntities 2022-11-01 2024-03-31 NI683476 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 NI683476 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 NI683476 frs-bus:Director1 2022-11-01 2024-03-31 NI683476 frs-countries:NorthernIreland 2022-11-01 2024-03-31 NI683476 2021-10-28 NI683476 2022-10-31 NI683476 2021-10-29 2022-10-31 NI683476 frs-core:CurrentFinancialInstruments 2022-10-31 NI683476 frs-core:ShareCapital 2022-10-31 NI683476 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: NI683476
Gap PM Ltd
Unaudited Financial Statements
For the Period 1 November 2022 to 31 March 2024
Wallace & Co Chartered Accountants
146 High Street
Holywood
Co Down
BT18 9HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI683476
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,597 -
2,597 -
CURRENT ASSETS
Debtors 5 - 392
Cash at bank and in hand 2,148 100
2,148 492
Creditors: Amounts Falling Due Within One Year 6 (11,955 ) (4,000 )
NET CURRENT ASSETS (LIABILITIES) (9,807 ) (3,508 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,210 ) (3,508 )
NET LIABILITIES (7,210 ) (3,508 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (7,310 ) (3,608 )
SHAREHOLDERS' FUNDS (7,210) (3,508)
Page 1
Page 2
For the period ending 31 March 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 Stephen Buckley
Director
6th December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gap PM Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI683476 . The registered office is 46 Wandsworth Road, Belfast, BT4 3LT.
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 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:
Computer Equipment 20%
3. Average Number of Employees
1Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 -
Additions 3,134
As at 31 March 2024 3,134
...CONTINUED
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Depreciation
As at 1 November 2022 -
Provided during the period 537
As at 31 March 2024 537
Net Book Value
As at 31 March 2024 2,597
As at 1 November 2022 -
5. Debtors
31 March 2024 31 October 2022
£ £
Due within one year
VAT - 392
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
VAT 605 -
Director's loan account 11,350 4,000
11,955 4,000
7. Share Capital
31 March 2024 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
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