Acorah Software Products - Accounts Production 16.1.300 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08194854 Mr Michael Gamlen Dr Donald Gibb Mr Clive Hallam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08194854 2023-08-31 08194854 2024-08-31 08194854 2023-09-01 2024-08-31 08194854 frs-core:Non-currentFinancialInstruments 2024-08-31 08194854 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08194854 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 08194854 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08194854 frs-core:PlantMachinery 2023-09-01 2024-08-31 08194854 frs-core:SharePremium 2024-08-31 08194854 frs-core:ShareCapital 2024-08-31 08194854 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08194854 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08194854 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 08194854 frs-bus:SmallEntities 2023-09-01 2024-08-31 08194854 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08194854 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08194854 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 08194854 frs-bus:OrdinaryShareClass1 2024-08-31 08194854 frs-bus:Director1 2023-09-01 2024-08-31 08194854 frs-bus:Director2 2023-09-01 2024-08-31 08194854 frs-bus:Director3 2023-09-01 2024-08-31 08194854 frs-countries:EnglandWales 2023-09-01 2024-08-31 08194854 2022-08-31 08194854 2023-08-31 08194854 2022-09-01 2023-08-31 08194854 frs-core:Non-currentFinancialInstruments 2023-08-31 08194854 frs-core:SharePremium 2023-08-31 08194854 frs-core:ShareCapital 2023-08-31 08194854 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08194854 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 08194854
Gamlen Tableting Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08194854
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 278,653 285,366
Tangible Assets 5 16,542 42,062
295,195 327,428
CURRENT ASSETS
Stocks 103,306 102,891
Debtors 26,515 157,853
Cash at bank and in hand 23 7,095
129,844 267,839
Creditors: Amounts Falling Due Within One Year (477,309 ) (504,128 )
NET CURRENT ASSETS (LIABILITIES) (347,465 ) (236,289 )
TOTAL ASSETS LESS CURRENT LIABILITIES (52,270 ) 91,139
Creditors: Amounts Falling Due After More Than One Year (97,416 ) (90,385 )
NET (LIABILITIES)/ASSETS (149,686 ) 754
CAPITAL AND RESERVES
Called up share capital 6 1,043 1,043
Share premium account 462,312 462,312
Profit and Loss Account (613,041 ) (462,601 )
SHAREHOLDERS' FUNDS (149,686) 754
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For the year ending 31 August 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael Gamlen
Director
31/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Gamlen Tableting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08194854 . The registered office is Shanakiel, Ilkeston Road, Heanor, DE75 7DR.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents, trademarks and website development costs. They are amortised to profit and loss account over their estimated economic life of between 10 and 20 years.
2.5. 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% per annum straight line
Fixtures & Fittings 25% per annum straight line
Computer Equipment 33% per annum straight line
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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: 9 (2023: 8)
9 8
4. Intangible Assets
Total
£
Cost
As at 1 September 2023 407,892
Additions 18,166
As at 31 August 2024 426,058
Amortisation
As at 1 September 2023 122,526
Provided during the period 24,879
As at 31 August 2024 147,405
Net Book Value
As at 31 August 2024 278,653
As at 1 September 2023 285,366
5. Tangible Assets
Total
£
Cost
As at 1 September 2023 222,056
Additions 626
As at 31 August 2024 222,682
...CONTINUED
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Depreciation
As at 1 September 2023 179,994
Provided during the period 26,146
As at 31 August 2024 206,140
Net Book Value
As at 31 August 2024 16,542
As at 1 September 2023 42,062
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,043 Ordinary Shares of £ 1.000 each 1,043 1,043
7. Related Party Transactions
The company remunerates the directors with a combination of salary and pension contributions, all of which are deemed to be within the normal course of business.


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