Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09583218 Mr Geraint Foster Mrs Rhianydd Jones-Foster Mr Ioan Jones Foster Mr Rhodri Davey Mr & Mrs G Foster true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09583218 2023-05-31 09583218 2024-05-31 09583218 2023-06-01 2024-05-31 09583218 frs-core:CurrentFinancialInstruments 2024-05-31 09583218 frs-core:Non-currentFinancialInstruments 2024-05-31 09583218 frs-core:BetweenOneFiveYears 2024-05-31 09583218 frs-core:ComputerEquipment 2024-05-31 09583218 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09583218 frs-core:ComputerEquipment 2023-05-31 09583218 frs-core:MotorVehicles 2024-05-31 09583218 frs-core:MotorVehicles 2023-06-01 2024-05-31 09583218 frs-core:MotorVehicles 2023-05-31 09583218 frs-core:PlantMachinery 2024-05-31 09583218 frs-core:PlantMachinery 2023-06-01 2024-05-31 09583218 frs-core:PlantMachinery 2023-05-31 09583218 frs-core:WithinOneYear 2024-05-31 09583218 frs-core:ShareCapital 2024-05-31 09583218 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09583218 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09583218 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 09583218 frs-bus:SmallEntities 2023-06-01 2024-05-31 09583218 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09583218 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09583218 1 2023-06-01 2024-05-31 09583218 frs-bus:Director1 2023-06-01 2024-05-31 09583218 frs-bus:Director2 2023-06-01 2024-05-31 09583218 frs-bus:Director3 2023-06-01 2024-05-31 09583218 frs-bus:Director4 2023-06-01 2024-05-31 09583218 frs-countries:EnglandWales 2023-06-01 2024-05-31 09583218 2022-05-31 09583218 2023-05-31 09583218 2022-06-01 2023-05-31 09583218 frs-core:CurrentFinancialInstruments 2023-05-31 09583218 frs-core:Non-currentFinancialInstruments 2023-05-31 09583218 frs-core:BetweenOneFiveYears 2023-05-31 09583218 frs-core:MotorVehicles 2022-06-01 2023-05-31 09583218 frs-core:PlantMachinery 2022-06-01 2023-05-31 09583218 frs-core:WithinOneYear 2023-05-31 09583218 frs-core:ShareCapital 2023-05-31 09583218 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09583218
G Force Telecomms Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
South Wales Accountancy & Taxation Limited
25 Rectory Close
Sarn
Bridgend
CF32 9QB
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09583218
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,010,621 1,121,858
1,010,621 1,121,858
CURRENT ASSETS
Stocks 5 462,308 367,940
Debtors 6 299,098 303,906
Cash at bank and in hand 2,498,325 2,394,134
3,259,731 3,065,980
Creditors: Amounts Falling Due Within One Year 7 (1,380,862 ) (1,209,204 )
NET CURRENT ASSETS (LIABILITIES) 1,878,869 1,856,776
TOTAL ASSETS LESS CURRENT LIABILITIES 2,889,490 2,978,634
Creditors: Amounts Falling Due After More Than One Year 8 (489,509 ) (689,348 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (236,660 ) (206,198 )
NET ASSETS 2,163,321 2,083,088
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 2,163,221 2,082,988
SHAREHOLDERS' FUNDS 2,163,321 2,083,088
Page 1
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For the year ending 31 May 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 Profit and Loss Account for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Geraint Foster
Director
29/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
G Force Telecomms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09583218 . The registered office is Unit 4 Merthyr Industrial Park, Pentrebach, Merthyr Tydfil, CF48 4DR.
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:
Plant & Machinery 33% & 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 20 (2023: 18)
20 18
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 214,516 1,483,670 145,186 1,843,372
Additions 21,415 214,918 626 236,959
Disposals - (18,255 ) - (18,255 )
As at 31 May 2024 235,931 1,680,333 145,812 2,062,076
Depreciation
As at 1 June 2023 86,781 505,493 129,240 721,514
Provided during the period 32,866 295,288 6,046 334,200
Disposals - (4,259 ) - (4,259 )
As at 31 May 2024 119,647 796,522 135,286 1,051,455
Net Book Value
As at 31 May 2024 116,284 883,811 10,526 1,010,621
As at 1 June 2023 127,735 978,177 15,946 1,121,858
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 34,737 44,917
Motor Vehicles 761,372 940,581
796,109 985,498
5. Stocks
2024 2023
£ £
Work in progress 462,308 367,940
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,813 31,621
Other debtors 272,285 272,285
299,098 303,906
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 293,105 276,714
Trade creditors 208,477 532,938
Bank loans and overdrafts 1,902 3,291
Other creditors 464,283 113,206
Taxation and social security 413,095 283,055
1,380,862 1,209,204
The directors loan account is interest free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 489,509 687,428
Other creditors - 1,920
489,509 689,348
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 782,614 964,142
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 293,105 276,714
Later than one year and not later than five years 489,509 687,428
782,614 964,142
782,614 964,142
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 236,660 206,198
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12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 39,326 52,166
39,326 52,166
14. Related Party Transactions
Jones Foster Properties Limited is a company with common directors and shareholders.  As at 31 May 2024, there was a balance owed from Jones Foster Properties Limited to G Force Telecomms Limited of £163,877 (2023 - £163,877)
15. Ultimate Controlling Party
The company's ultimate controlling party is Mr & Mrs G Foster by virtue of their ownership of the majority of the issued share capital in the company.
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