Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03650779 Mr Steven Matthews Mrs Julie Matthews Mrs Julie Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03650779 2023-06-30 03650779 2024-06-30 03650779 2023-07-01 2024-06-30 03650779 frs-core:CurrentFinancialInstruments 2024-06-30 03650779 frs-core:ComputerEquipment 2024-06-30 03650779 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03650779 frs-core:ComputerEquipment 2023-06-30 03650779 frs-core:FurnitureFittings 2024-06-30 03650779 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03650779 frs-core:FurnitureFittings 2023-06-30 03650779 frs-core:MotorVehicles 2024-06-30 03650779 frs-core:MotorVehicles 2023-07-01 2024-06-30 03650779 frs-core:MotorVehicles 2023-06-30 03650779 frs-core:PlantMachinery 2024-06-30 03650779 frs-core:PlantMachinery 2023-07-01 2024-06-30 03650779 frs-core:PlantMachinery 2023-06-30 03650779 frs-core:CapitalRedemptionReserve 2024-06-30 03650779 frs-core:ShareCapital 2024-06-30 03650779 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03650779 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03650779 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03650779 frs-bus:SmallEntities 2023-07-01 2024-06-30 03650779 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03650779 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03650779 frs-bus:Director1 2023-07-01 2024-06-30 03650779 frs-bus:Director2 2023-07-01 2024-06-30 03650779 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03650779 frs-countries:EnglandWales 2023-07-01 2024-06-30 03650779 2022-06-30 03650779 2023-06-30 03650779 2022-07-01 2023-06-30 03650779 frs-core:CurrentFinancialInstruments 2023-06-30 03650779 frs-core:CapitalRedemptionReserve 2023-06-30 03650779 frs-core:ShareCapital 2023-06-30 03650779 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03650779
Guardian Glazing Films Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03650779
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,444 22,139
Investment Properties 5 159,564 -
202,008 22,139
CURRENT ASSETS
Stocks 6 9,000 21,000
Debtors 7 58,802 104,122
Cash at bank and in hand 56,357 103,177
124,159 228,299
Creditors: Amounts Falling Due Within One Year 8 (93,979 ) (109,299 )
NET CURRENT ASSETS (LIABILITIES) 30,180 119,000
TOTAL ASSETS LESS CURRENT LIABILITIES 232,188 141,139
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (2,656 ) (2,121 )
NET ASSETS 229,532 139,018
CAPITAL AND RESERVES
Called up share capital 10 6 7
Capital redemption reserve 6 5
Profit and Loss Account 229,520 139,006
SHAREHOLDERS' FUNDS 229,532 139,018
Page 1
Page 2
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 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 Steven Matthews
Director
04/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Guardian Glazing Films Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03650779 . The registered office is The Stable Yard, Church Farm, Main Street, Overseal, DE12 6LG.
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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
Page 3
Page 4
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.
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.
2.7. 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 16,586 31,025 3,765 14,661 66,037
Additions - 29,594 - - 29,594
Disposals - (11,025 ) - (5,398 ) (16,423 )
As at 30 June 2024 16,586 49,594 3,765 9,263 79,208
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 July 2023 13,533 15,939 3,764 10,662 43,898
Provided during the period 458 4,754 - 1,745 6,957
Disposals - (8,693 ) - (5,398 ) (14,091 )
As at 30 June 2024 13,991 12,000 3,764 7,009 36,764
Net Book Value
As at 30 June 2024 2,595 37,594 1 2,254 42,444
As at 1 July 2023 3,053 15,086 1 3,999 22,139
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 -
Additions 159,564
As at 30 June 2024 159,564
6. Stocks
2024 2023
£ £
Materials 9,000 21,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,556 100,519
Other debtors 4,246 3,603
58,802 104,122
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,514 19,377
Other taxes and social security 74,732 71,012
Other creditors 5,733 18,910
93,979 109,299
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,656 2,121
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 7
Page 6