Acorah Software Products - Accounts Production 16.1.200 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09282333 Mrs Helen Hives Mr Brian Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09282333 2023-01-31 09282333 2024-01-31 09282333 2023-02-01 2024-01-31 09282333 frs-core:ShareCapital 2024-01-31 09282333 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09282333 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09282333 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09282333 frs-bus:SmallEntities 2023-02-01 2024-01-31 09282333 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09282333 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09282333 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-01 2024-01-31 09282333 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 09282333 frs-core:UnlistedNon-exchangeTraded 2024-01-31 09282333 frs-core:UnlistedNon-exchangeTraded 2023-01-31 09282333 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 09282333 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 09282333 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 09282333 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 09282333 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 09282333 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 09282333 frs-bus:Director1 2023-02-01 2024-01-31 09282333 frs-bus:Director2 2023-02-01 2024-01-31 09282333 frs-countries:EnglandWales 2023-02-01 2024-01-31 09282333 2022-01-31 09282333 2023-01-31 09282333 2022-02-01 2023-01-31 09282333 frs-core:ShareCapital 2023-01-31 09282333 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09282333 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: 09282333
John Galt Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09282333
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 374,808 10,159
374,808 10,159
CURRENT ASSETS
Debtors 5 718,587 1,096,635
718,587 1,096,635
Creditors: Amounts Falling Due Within One Year 6 (382,340 ) (315,776 )
NET CURRENT ASSETS (LIABILITIES) 336,247 780,859
TOTAL ASSETS LESS CURRENT LIABILITIES 711,055 791,018
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,759 ) -
NET ASSETS 708,296 791,018
CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve 8 8,278 -
Profit and Loss Account 700,017 791,017
SHAREHOLDERS' FUNDS 708,296 791,018
Page 1
Page 2
For the year ending 31 January 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 Brian Thompson
Director
31 January 2025
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
John Galt Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09282333 . The registered office is Unit 3, Vista Place, Coy Pond Business Park, Ingworth Road, Poole, Dorset, BH12 1JY.
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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.3. 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.
2.4. Group Accounts
The company is exempt from the requirement to prepare group accounts on the grounds that it qualifies as a small group.
2.5. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value can not be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Investments
Unlisted
£
Cost
As at 1 February 2023 10,159
Additions 353,612
Revaluations 11,037
As at 31 January 2024 374,808
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 374,808
As at 1 February 2023 10,159
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 718,587 1,096,635
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 382,340 315,776
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Fair Value Reserve
£
Transfer to profit and loss 8,278
As at 31 January 2024 8,278
Page 4