Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2024 1 June 2023 false 1 June 2024 31 December 2024 31 December 2024 04927794 Mr Timothy Holder Mr Saud Al Khafrah Mr Sean Wade Mr Daniel Harris Mr Douglas Brodie Good Dr Andrew Grimley D & A Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04927794 2024-05-31 04927794 2024-12-31 04927794 2024-06-01 2024-12-31 04927794 frs-core:CurrentFinancialInstruments 2024-12-31 04927794 frs-core:Non-currentFinancialInstruments 2024-12-31 04927794 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-01 2024-12-31 04927794 frs-core:FurnitureFittings 2024-12-31 04927794 frs-core:FurnitureFittings 2024-06-01 2024-12-31 04927794 frs-core:FurnitureFittings 2024-05-31 04927794 frs-core:OtherResidualIntangibleAssets 2024-12-31 04927794 frs-core:OtherResidualIntangibleAssets 2024-06-01 2024-12-31 04927794 frs-core:OtherResidualIntangibleAssets 2024-05-31 04927794 frs-core:PlantMachinery 2024-12-31 04927794 frs-core:PlantMachinery 2024-06-01 2024-12-31 04927794 frs-core:PlantMachinery 2024-05-31 04927794 frs-core:SharePremium 2024-12-31 04927794 frs-core:ShareCapital 2024-12-31 04927794 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04927794 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2024-12-31 04927794 frs-bus:FilletedAccounts 2024-06-01 2024-12-31 04927794 frs-bus:SmallEntities 2024-06-01 2024-12-31 04927794 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2024-12-31 04927794 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2024-12-31 04927794 frs-bus:Director1 2024-06-01 2024-12-31 04927794 frs-bus:Director2 2024-06-01 2024-12-31 04927794 frs-bus:Director3 2024-06-01 2024-12-31 04927794 frs-bus:Director4 2024-06-01 2024-12-31 04927794 frs-bus:Director5 2024-06-01 2024-12-31 04927794 frs-bus:Director6 2024-06-01 2024-12-31 04927794 frs-bus:CompanySecretary1 2024-06-01 2024-12-31 04927794 frs-countries:EnglandWales 2024-06-01 2024-12-31 04927794 2023-05-31 04927794 2024-05-31 04927794 2023-06-01 2024-05-31 04927794 frs-core:CurrentFinancialInstruments 2024-05-31 04927794 frs-core:Non-currentFinancialInstruments 2024-05-31 04927794 frs-core:SharePremium 2024-05-31 04927794 frs-core:ShareCapital 2024-05-31 04927794 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 04927794
G S A (Environmental) Limited
Unaudited Financial Statements
For the Period 1 June 2024 to 31 December 2024
Steve Pye & Co.
Chartered Certified Accountants
3 North Lynn Bus. Village
Bergen Way, North Lynn Industrial Estate
King's Lynn
Norfolk
PE30 2JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04927794
31 December 2024 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,095 12,559
Tangible Assets 5 189,294 21,701
200,389 34,260
CURRENT ASSETS
Stocks 6 21,752 15,600
Debtors 7 43,660 177,579
Cash at bank and in hand 328,534 992
393,946 194,171
Creditors: Amounts Falling Due Within One Year 8 (794,185 ) (313,077 )
NET CURRENT ASSETS (LIABILITIES) (400,239 ) (118,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES (199,850 ) (84,646 )
Creditors: Amounts Falling Due After More Than One Year 9 (45,000 ) (75,000 )
NET LIABILITIES (244,850 ) (159,646 )
CAPITAL AND RESERVES
Called up share capital 10 16,807 16,807
Share premium account 1,171,777 1,171,777
Profit and Loss Account (1,433,434 ) (1,348,230 )
SHAREHOLDERS' FUNDS (244,850) (159,646)
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For the period 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 Douglas Brodie Good
Director
5 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G S A (Environmental) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04927794 . The registered office is Salisbury House, London Wall, London, EC2M 5PS.  The presentation currency of the financial statements is the Pound Sterling (£).
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 financial statements have been prepared on a going concern basis which is dependant upon the continued support of the company's shareholders and directors. The directors are of the opinion that the support will continue over the next 12 months and therefore believe that it is appropriate for the financial statements to be prepared on the going concern basis. 
2.3. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.  The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant.  Actual results may differ from these estimates.  The estimates and underlying assumptions are reviewed on an ongoing basis.  Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects both current and future periods.  The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents. They are amortised to profit and loss account at 20% reducing balance
2.6. 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% on reducing balance
Fixtures & Fittings - 25% on reducing balance
2.7. 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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2.8. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.9. 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.
2.10. 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 period, 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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 6 (2024: 5)
6 5
4. Intangible Assets
Other
£
Cost
As at 1 June 2024 35,097
As at 31 December 2024 35,097
Amortisation
As at 1 June 2024 22,538
Provided during the period 1,464
As at 31 December 2024 24,002
Net Book Value
As at 31 December 2024 11,095
As at 1 June 2024 12,559
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2024 132,906 - 132,906
Additions 167,250 3,600 170,850
As at 31 December 2024 300,156 3,600 303,756
Depreciation
As at 1 June 2024 111,205 - 111,205
Provided during the period 3,182 75 3,257
As at 31 December 2024 114,387 75 114,462
Net Book Value
As at 31 December 2024 185,769 3,525 189,294
As at 1 June 2024 21,701 - 21,701
6. Stocks
31 December 2024 31 May 2024
£ £
Work in progress 21,752 15,600
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7. Debtors
31 December 2024 31 May 2024
£ £
Due within one year
Trade debtors 18,000 64,326
Other debtors 25,660 113,253
43,660 177,579
8. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 May 2024
£ £
Trade creditors 125,134 83,073
Other loans 500,000 -
Other creditors 161,684 163,857
Taxation and social security 7,367 66,147
794,185 313,077
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 May 2024
£ £
Amounts owed to participating interests 45,000 75,000
10. Share Capital
31 December 2024 31 May 2024
£ £
Allotted, Called up and fully paid 16,807 16,807
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