Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false true No description of principal activity 1 May 2023 30 April 2024 30 April 2024 11301994 Mr Mark Roberts Mr James Kilpatrick Mrs Denise Markham Wroe AFP Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11301994 2023-04-30 11301994 2024-04-30 11301994 2023-05-01 2024-04-30 11301994 frs-core:CurrentFinancialInstruments 2024-04-30 11301994 frs-core:Non-currentFinancialInstruments 2024-04-30 11301994 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11301994 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11301994 frs-bus:Micro-entities 2023-05-01 2024-04-30 11301994 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11301994 frs-bus:Director1 2023-05-01 2024-04-30 11301994 frs-bus:Director3 2023-05-01 2024-04-30 11301994 frs-bus:Director4 2023-05-01 2024-04-30 11301994 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 11301994 2022-04-30 11301994 2023-04-30 11301994 2022-05-01 2023-04-30 11301994 frs-core:CurrentFinancialInstruments 2023-04-30 11301994 frs-core:Non-currentFinancialInstruments 2023-04-30
Registered number: 11301994
Gravitilab Aerospace Services Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Balance Sheet
Registered number: 11301994
2024 2023
£ £
Fixed assets 141,720 190,646
Current assets 32,822 509,569
Prepayments and accrued income 54,181 29,441
Creditors: Amounts Falling Due Within One Year (878,447 ) (466,595 )
NET CURRENT ASSETS (LIABILITIES) (791,444 ) 72,415
TOTAL ASSETS LESS CURRENT LIABILITIES (649,724 ) 263,061
Creditors: Amounts Falling After More Than One Year (11,658 ) (16,788 )
Accruals and deferred income (33,229 ) (36,548 )
NET (LIABILITIES)/ASSETS (694,611 ) 209,725
CAPITAL AND RESERVES (694,611 ) 209,725

Notes

1. General Information
Gravitilab Aerospace Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11301994 . The registered office is Timsons Business Centre, Bath Road, Kettering, Northamptonshire, NN16 8NQ.
2. Average Number of Employees
Average number of employees, including directors, during the year was  14 (2023: 19)
14 19
3. Secured Creditors
Finstock Capital Limited had a fixed and floating charge over the assets of the company.  This was satisfied on 07 July 2023. Of the creditors last year, the following amounts were secured:
2024 2023
£ £
Bank loans and overdrafts - 332,234
4. Contingent Assets
On 21st July 2023 the company entered into a legally binding contract with an investment company whereby the investor would subscribe £25,000,000 for 33,175 Ordinary Shares of £0.01. An initial payment of £20,000 was received under this Subscription Agreement on 22nd September 2023. All payments under the contract were due by 9th April 2024 but £24,980,000 remains outstanding and the company is continuing to pursue the investor for the overdue balance.
5. Contingent Liabilities
In April 2023 the company set up a Enterprise Management Incentive scheme. On 6 April 2023 options were  granted under the scheme as follows:-
2,100  0.01p Ordinary shares at an exercise price of £85 per share 
The options were granted to a total of ten employees.
In December 2023, seven of these options lapsed, representing 900 shares.
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For the year ending 30 April 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr James Kilpatrick
Director
31/01/2025