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 05128356 Mr Robert Smith Mr Jonathan Grant Miss Jane Grice Mr Philip Sloan Ms Kirsty Thomas Mr Graham Wainwright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05128356 2023-05-31 05128356 2024-05-31 05128356 2023-06-01 2024-05-31 05128356 frs-core:CurrentFinancialInstruments 2024-05-31 05128356 frs-core:Non-currentFinancialInstruments 2024-05-31 05128356 frs-core:BetweenOneFiveYears 2024-05-31 05128356 frs-core:ComputerEquipment 2024-05-31 05128356 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05128356 frs-core:ComputerEquipment 2023-05-31 05128356 frs-core:MotorVehicles 2024-05-31 05128356 frs-core:MotorVehicles 2023-06-01 2024-05-31 05128356 frs-core:MotorVehicles 2023-05-31 05128356 frs-core:WithinOneYear 2024-05-31 05128356 frs-core:ShareCapital 2024-05-31 05128356 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05128356 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05128356 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05128356 frs-bus:SmallEntities 2023-06-01 2024-05-31 05128356 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05128356 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05128356 frs-bus:Director1 2023-06-01 2024-05-31 05128356 frs-bus:Director2 2023-06-01 2024-05-31 05128356 frs-bus:Director3 2023-06-01 2024-05-31 05128356 frs-bus:Director4 2023-06-01 2024-05-31 05128356 frs-bus:Director5 2023-06-01 2024-05-31 05128356 frs-bus:Director6 2023-06-01 2024-05-31 05128356 1 2023-06-01 2024-05-31 05128356 frs-countries:EnglandWales 2023-06-01 2024-05-31 05128356 2022-05-31 05128356 2023-05-31 05128356 2022-06-01 2023-05-31 05128356 frs-core:CurrentFinancialInstruments 2023-05-31 05128356 frs-core:Non-currentFinancialInstruments 2023-05-31 05128356 frs-core:BetweenOneFiveYears 2023-05-31 05128356 frs-core:WithinOneYear 2023-05-31 05128356 frs-core:ShareCapital 2023-05-31 05128356 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 05128356 1 2022-06-01 2023-05-31
Registered number: 05128356
Gully Howard Technical Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05128356
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 176,105 144,029
176,105 144,029
CURRENT ASSETS
Debtors 4 556,945 747,317
Cash at bank and in hand 183,925 119,960
740,870 867,277
Creditors: Amounts Falling Due Within One Year 5 (411,442 ) (482,774 )
NET CURRENT ASSETS (LIABILITIES) 329,428 384,503
TOTAL ASSETS LESS CURRENT LIABILITIES 505,533 528,532
Creditors: Amounts Falling Due After More Than One Year 6 (98,890 ) (114,367 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,955 ) (19,955 )
NET ASSETS 372,688 394,210
CAPITAL AND RESERVES
Called up share capital 102 102
Profit and Loss Account 372,586 394,108
SHAREHOLDERS' FUNDS 372,688 394,210
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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.
On behalf of the board
Mr Jonathan Grant
Director
26 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. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
1.3. 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:
Motor vehicles 25% straight line
Equipment, furniture, computer equipment 15% reducing balance and 20% straight line
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and 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.
1.5. Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. 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.
Current 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
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.
1.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 39 36
39 36
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3. Tangible Assets
Motor vehicles Equipment, furniture, computer equipment Total
£ £ £
Cost
As at 1 June 2023 465,279 613,561 1,078,840
Additions 68,541 25,766 94,307
Disposals (44,863 ) - (44,863 )
As at 31 May 2024 488,957 639,327 1,128,284
Depreciation
As at 1 June 2023 435,502 499,309 934,811
Provided during the period 26,466 35,765 62,231
Disposals (44,863 ) - (44,863 )
As at 31 May 2024 417,105 535,074 952,179
Net Book Value
As at 31 May 2024 71,852 104,253 176,105
As at 1 June 2023 29,777 114,252 144,029
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 272,294 467,495
Amounts recoverable on contracts 154,286 194,044
Amounts owed by group undertakings 60,270 60,270
Other debtors 70,095 25,508
556,945 747,317
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,091 7,244
Trade creditors 63,448 29,013
Bank loans and overdrafts 46,000 46,000
Amounts owed to group undertakings 1,558 1,558
Other creditors 102,822 207,850
Taxation and social security 174,523 191,109
411,442 482,774
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6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,390 10,867
Bank loans 57,500 103,500
98,890 114,367
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 23,091 7,244
Between one and five years 41,390 10,867
64,481 18,111
64,481 18,111
8. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to a director. The balance at the year end was £24,568 (2022 : £379 Cr).
The interest was charged on the loan at a rate of 2.25% and loan is repayable on demand.
9. Related Party Transactions
The total amount owed from the associated company at the year end is £60,270 (2023 : £60,270)
The total amount owed to the associated company at the year end is £1,558 (2023 : £1,558)
10. General Information
Gully Howard Technical Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 05128356 . The registered office is 5 St George's Business Centre , St George's Square, Portsmouth, Hampshire, PO1 3EY.
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