Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 true No description of principal activity 1 July 2023 30 June 2024 30 June 2024 10285503 L R Dicks L Hobbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10285503 2023-06-30 10285503 2024-06-30 10285503 2023-07-01 2024-06-30 10285503 frs-core:CurrentFinancialInstruments 2024-06-30 10285503 frs-core:Non-currentFinancialInstruments 2024-06-30 10285503 frs-core:BetweenOneFiveYears 2024-06-30 10285503 frs-core:FurnitureFittings 2024-06-30 10285503 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10285503 frs-core:FurnitureFittings 2023-06-30 10285503 frs-core:MotorVehicles 2024-06-30 10285503 frs-core:MotorVehicles 2023-07-01 2024-06-30 10285503 frs-core:MotorVehicles 2023-06-30 10285503 frs-core:PlantMachinery 2024-06-30 10285503 frs-core:PlantMachinery 2023-07-01 2024-06-30 10285503 frs-core:PlantMachinery 2023-06-30 10285503 frs-core:WithinOneYear 2024-06-30 10285503 frs-core:ShareCapital 2024-06-30 10285503 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-06-30 10285503 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10285503 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10285503 frs-bus:FullAccounts 2023-07-01 2024-06-30 10285503 frs-bus:SmallEntities 2023-07-01 2024-06-30 10285503 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10285503 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10285503 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-07-01 2024-06-30 10285503 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 10285503 frs-bus:OrdinaryShareClass2 2024-06-30 10285503 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 10285503 frs-bus:OrdinaryShareClass3 2024-06-30 10285503 frs-core:CostValuation 2023-06-30 10285503 frs-core:CostValuation 2024-06-30 10285503 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 10285503 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 10285503 frs-bus:Director1 2023-07-01 2024-06-30 10285503 frs-bus:Director2 2023-07-01 2024-06-30 10285503 frs-countries:EnglandWales 2023-07-01 2024-06-30 10285503 2022-06-30 10285503 2023-06-30 10285503 2022-07-01 2023-06-30 10285503 frs-core:CurrentFinancialInstruments 2023-06-30 10285503 frs-core:Non-currentFinancialInstruments 2023-06-30 10285503 frs-core:BetweenOneFiveYears 2023-06-30 10285503 frs-core:MotorVehicles 2022-07-01 2023-06-30 10285503 frs-core:PlantMachinery 2022-07-01 2023-06-30 10285503 frs-core:WithinOneYear 2023-06-30 10285503 frs-core:ShareCapital 2023-06-30 10285503 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-06-30 10285503 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10285503 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 10285503 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30
Registered number: 10285503
Gladstone Plant Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 June 2024
Elsby and Company Ltd
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—10
Page 1
Company Information
Directors L R Dicks
L Hobbs
Company Number 10285503
Registered Office 23 Lamport Close
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XY
Accountants Elsby and Company Ltd
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
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Directors' Report
The directors present their report and the financial statements for the year ended 30 June 2024.
Directors
The directors who held office during the year were as follows:
L R Dicks
L Hobbs
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
L Hobbs
Director
4th February 2025
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Gladstone Plant Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Gladstone Plant Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Gladstone Plant Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Gladstone Plant Limited and state those matters that we have agreed to state to the directors of Gladstone Plant Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gladstone Plant Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Gladstone Plant Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Gladstone Plant Limited . You consider that Gladstone Plant Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Gladstone Plant Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
4th February 2025
Elsby and Company Ltd
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
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Statement of Income and Retained Earnings
2024 2023
Notes £ £
TURNOVER 202,303 221,744
Cost of sales (40,271 ) (20,486 )
GROSS PROFIT 162,032 201,258
Administrative expenses (121,391 ) (98,922 )
OPERATING PROFIT 40,641 102,336
Income from Shares in group undertakings 86,000 97,846
(Loss)/profit on disposal of fixed assets (1,670 ) 26,224
Other interest receivable and similar income 90 -
Interest payable and similar charges (12,759 ) (12,172 )
PROFIT BEFORE TAXATION 112,302 214,234
Tax on Profit (24,074 ) (7,908 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 88,228 206,326
RETAINED EARNINGS
As at 1 July 2023 345,571 237,091
Dividends paid (131,000) (97,846)
As at 30 June 2024 302,799 345,571
The notes on pages 7 to 10 form part of these financial statements.
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Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 401,746 419,286
Investments 5 2 2
401,748 419,288
CURRENT ASSETS
Debtors 6 50,005 162,673
Cash at bank and in hand 171,634 74,059
221,639 236,732
Creditors: Amounts Falling Due Within One Year 7 (99,066 ) (87,725 )
NET CURRENT ASSETS (LIABILITIES) 122,573 149,007
TOTAL ASSETS LESS CURRENT LIABILITIES 524,321 568,295
Creditors: Amounts Falling Due After More Than One Year 8 (140,407 ) (161,152 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (81,013 ) (61,470 )
NET ASSETS 302,901 345,673
CAPITAL AND RESERVES
Called up share capital 11 102 102
Profit and Loss Account 302,799 345,571
SHAREHOLDERS' FUNDS 302,901 345,673
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For the year ending 30 June 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 provisions applicable to companies subject to the small companies regime.
On behalf of the board
L Hobbs
Director
4th February 2025
The notes on pages 7 to 10 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gladstone Plant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10285503 . The registered office is 23 Lamport Close, Kettering Venture Park, Kettering, Northamptonshire, NN15 6XY.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
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.
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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 480,100 317,353 670 798,123
Additions 78,462 25,001 - 103,463
Disposals - (8,500 ) - (8,500 )
As at 30 June 2024 558,562 333,854 670 893,086
Depreciation
As at 1 July 2023 250,086 128,458 293 378,837
Provided during the period 59,632 58,857 94 118,583
Disposals - (6,080 ) - (6,080 )
As at 30 June 2024 309,718 181,235 387 491,340
Net Book Value
As at 30 June 2024 248,844 152,619 283 401,746
As at 1 July 2023 230,014 188,895 377 419,286
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 173,688 138,318
Motor Vehicles 103,232 145,281
276,920 283,599
5. Investments
Associates
£
Cost
As at 1 July 2023 2
As at 30 June 2024 2
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 2
As at 1 July 2023 2
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 41,839 64,467
Due after more than one year
Amounts owed by participating interests 8,166 98,206
50,005 162,673
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 80,671 76,298
Trade creditors 4,066 2,674
Bank loans and overdrafts 7,026 6,853
Other creditors 2,772 1,900
Taxation and social security 4,531 -
99,066 87,725
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 131,374 145,093
Bank loans 9,033 16,059
140,407 161,152
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 212,045 221,391
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 80,671 76,298
Later than one year and not later than five years 131,374 145,093
212,045 221,391
212,045 221,391
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
51 Ordinary A shares of £ 1.00 each 51 51
51 Ordinary B shares of £ 1.00 each 51 51
102 102
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