Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 13089099 Mr D B Gardner Mr P Roscoe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13089099 2023-05-31 13089099 2024-05-31 13089099 2023-06-01 2024-05-31 13089099 frs-core:CurrentFinancialInstruments 2024-05-31 13089099 frs-core:Non-currentFinancialInstruments 2024-05-31 13089099 frs-core:ShareCapital 2024-05-31 13089099 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13089099 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13089099 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13089099 frs-bus:SmallEntities 2023-06-01 2024-05-31 13089099 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13089099 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13089099 frs-core:CostValuation 2023-05-31 13089099 frs-core:AdditionsToInvestments 2024-05-31 13089099 frs-core:CostValuation 2024-05-31 13089099 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 13089099 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 13089099 frs-bus:Director1 2023-06-01 2024-05-31 13089099 frs-bus:Director1 2023-05-31 13089099 frs-bus:Director1 2024-05-31 13089099 frs-bus:Director2 2023-06-01 2024-05-31 13089099 frs-countries:EnglandWales 2023-06-01 2024-05-31 13089099 2022-05-31 13089099 2023-05-31 13089099 2022-06-01 2023-05-31 13089099 frs-core:CurrentFinancialInstruments 2023-05-31 13089099 frs-core:Non-currentFinancialInstruments 2023-05-31 13089099 frs-core:ShareCapital 2023-05-31 13089099 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13089099
Garros Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13089099
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,600,826 3,351,454
3,600,826 3,351,454
CURRENT ASSETS
Debtors 5 289,507 40
Cash at bank and in hand 64,072 -
353,579 40
Creditors: Amounts Falling Due Within One Year 6 (2,465,836 ) (2,054,617 )
NET CURRENT ASSETS (LIABILITIES) (2,112,257 ) (2,054,577 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,488,569 1,296,877
Creditors: Amounts Falling Due After More Than One Year 7 (723,587 ) (1,295,198 )
NET ASSETS 764,982 1,679
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 764,882 1,579
SHAREHOLDERS' FUNDS 764,982 1,679
Page 1
Page 2
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.
On behalf of the board
Mr P Roscoe
Director
25 February 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
Garros Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
Preparation of consolidated financial statements
The financial statements contain information about Garros Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. 
2.2. Investments
Investments in subsidiary undertakings are recognised at cost.
2.3. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.4. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 June 2023 3,351,454
Additions 249,372
As at 31 May 2024 3,600,826
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 3,600,826
As at 1 June 2023 3,351,454
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts - 40
Amounts owed by subsidiaries 289,507 -
289,507 40
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 210,926 300,000
Corporation tax 370 370
Other creditors 117,156 117,156
Accruals and deferred income 2,380 1,600
Directors' loan accounts 84,880 110,880
Amounts owed to group undertakings 2,050,124 1,524,611
2,465,836 2,054,617
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 528,389 1,100,000
Cumulative preference share dividends unpaid 195,198 195,198
723,587 1,295,198
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 739,315 1,400,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
The following advances and credits to a director subsisted during the year ended 31 May 2024 and 2023
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Paul Roscoe 40 - 40 - -
The directors' loans have been provided interest free and are repayable on demand.
Page 4