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 12703843 Mr G J Plowman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12703843 2023-06-30 12703843 2024-06-30 12703843 2023-07-01 2024-06-30 12703843 frs-core:CurrentFinancialInstruments 2024-06-30 12703843 frs-core:Non-currentFinancialInstruments 2024-06-30 12703843 frs-core:BetweenOneFiveYears 2024-06-30 12703843 frs-core:MotorVehicles 2024-06-30 12703843 frs-core:MotorVehicles 2023-07-01 2024-06-30 12703843 frs-core:MotorVehicles 2023-06-30 12703843 frs-core:PlantMachinery 2024-06-30 12703843 frs-core:PlantMachinery 2023-07-01 2024-06-30 12703843 frs-core:PlantMachinery 2023-06-30 12703843 frs-core:WithinOneYear 2024-06-30 12703843 frs-core:ShareCapital 2024-06-30 12703843 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12703843 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12703843 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12703843 frs-bus:SmallEntities 2023-07-01 2024-06-30 12703843 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12703843 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12703843 frs-bus:Director1 2023-07-01 2024-06-30 12703843 frs-countries:EnglandWales 2023-07-01 2024-06-30 12703843 2022-06-30 12703843 2023-06-30 12703843 2022-07-01 2023-06-30 12703843 frs-core:CurrentFinancialInstruments 2023-06-30 12703843 frs-core:Non-currentFinancialInstruments 2023-06-30 12703843 frs-core:BetweenOneFiveYears 2023-06-30 12703843 frs-core:WithinOneYear 2023-06-30 12703843 frs-core:ShareCapital 2023-06-30 12703843 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12703843
GCL Construction Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12703843
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,847 12,263
6,847 12,263
CURRENT ASSETS
Stocks 5 4,840 4,750
Debtors 6 22,672 15,598
Cash at bank and in hand 3,427 6,778
30,939 27,126
Creditors: Amounts Falling Due Within One Year 7 (24,655 ) (28,819 )
NET CURRENT ASSETS (LIABILITIES) 6,284 (1,693 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,131 10,570
Creditors: Amounts Falling Due After More Than One Year 8 (4,876 ) (8,151 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,330 ) (2,330 )
NET ASSETS 5,925 89
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 5,924 88
SHAREHOLDERS' FUNDS 5,925 89
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 G J Plowman
Director
20th January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GCL Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12703843 . The registered office is 139-141 Watling Street, Gillingham, Kent, ME7 2YY.
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, excluding discounts, rebates and value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% 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.
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2.7. 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.
...CONTINUED
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Page 4
2.7. 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 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 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.
2.8. Debtors
Short term debtors are measured at transcation price, less any impairments. 
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
2.10. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 1,550 19,500 21,050
As at 30 June 2024 1,550 19,500 21,050
Depreciation
As at 1 July 2023 636 8,151 8,787
Provided during the period 228 5,188 5,416
As at 30 June 2024 864 13,339 14,203
Net Book Value
As at 30 June 2024 686 6,161 6,847
As at 1 July 2023 914 11,349 12,263
5. Stocks
2024 2023
£ £
Work in progress 4,840 4,750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,979 -
Other debtors 16,693 15,598
22,672 15,598
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,330 3,385
Trade creditors 7,266 7,388
Other creditors 2,053 1,599
Taxation and social security 12,006 16,447
24,655 28,819
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,876 8,151
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,330 3,385
Later than one year and not later than five years 4,876 8,151
8,206 11,536
8,206 11,536
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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