Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04770503 Mr R W Dawrant Mrs J L Dawrant Mrs J L Dawrant true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04770503 2023-09-30 04770503 2024-09-30 04770503 2023-10-01 2024-09-30 04770503 frs-core:CurrentFinancialInstruments 2024-09-30 04770503 frs-core:ComputerEquipment 2024-09-30 04770503 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04770503 frs-core:ComputerEquipment 2023-09-30 04770503 frs-core:FurnitureFittings 2024-09-30 04770503 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04770503 frs-core:FurnitureFittings 2023-09-30 04770503 frs-core:MotorVehicles 2024-09-30 04770503 frs-core:MotorVehicles 2023-10-01 2024-09-30 04770503 frs-core:MotorVehicles 2023-09-30 04770503 frs-core:PlantMachinery 2024-09-30 04770503 frs-core:PlantMachinery 2023-10-01 2024-09-30 04770503 frs-core:PlantMachinery 2023-09-30 04770503 frs-core:CapitalRedemptionReserve 2024-09-30 04770503 frs-core:ShareCapital 2024-09-30 04770503 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04770503 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04770503 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04770503 frs-bus:SmallEntities 2023-10-01 2024-09-30 04770503 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04770503 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04770503 1 2023-10-01 2024-09-30 04770503 frs-bus:Director1 2023-10-01 2024-09-30 04770503 frs-bus:Director2 2023-10-01 2024-09-30 04770503 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04770503 frs-countries:EnglandWales 2023-10-01 2024-09-30 04770503 2022-09-30 04770503 2023-09-30 04770503 2022-10-01 2023-09-30 04770503 frs-core:CurrentFinancialInstruments 2023-09-30 04770503 frs-core:CapitalRedemptionReserve 2023-09-30 04770503 frs-core:ShareCapital 2023-09-30 04770503 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04770503
Grd Precision Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04770503
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,902 51,716
59,902 51,716
CURRENT ASSETS
Stocks 5 30,000 40,000
Debtors 6 206,361 261,431
Cash at bank and in hand 1,012,882 1,019,772
1,249,243 1,321,203
Creditors: Amounts Falling Due Within One Year 7 (205,446 ) (244,718 )
NET CURRENT ASSETS (LIABILITIES) 1,043,797 1,076,485
TOTAL ASSETS LESS CURRENT LIABILITIES 1,103,699 1,128,201
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,125 ) (9,622 )
NET ASSETS 1,095,574 1,118,579
CAPITAL AND RESERVES
Called up share capital 8 500 500
Capital redemption reserve 500 500
Profit and Loss Account 1,094,574 1,117,579
SHAREHOLDERS' FUNDS 1,095,574 1,118,579
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For the year ending 30 September 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 R W Dawrant
Director
12th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Grd Precision Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04770503 . The registered office is Jubilee House, Cliffe Road, Brighouse, West Yorkshire, HD6 1HE.
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 for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured 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 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
2.4. Stocks and Work in Progress
Stock is measured at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to their present location and condition.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. 
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 13)
12 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 430,117 78,176 20,089 21,159 549,541
Additions - 22,438 2,083 1,046 25,567
As at 30 September 2024 430,117 100,614 22,172 22,205 575,108
Depreciation
As at 1 October 2023 395,313 63,815 17,767 20,930 497,825
Provided during the period 6,961 9,200 881 339 17,381
As at 30 September 2024 402,274 73,015 18,648 21,269 515,206
Net Book Value
As at 30 September 2024 27,843 27,599 3,524 936 59,902
As at 1 October 2023 34,804 14,361 2,322 229 51,716
5. Stocks
2024 2023
£ £
Work in progress 30,000 40,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 200,357 254,993
Prepayments and accrued income 6,004 6,438
206,361 261,431
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,338 37,604
Other creditors 93,341 89,450
Taxation and social security 69,767 117,664
205,446 244,718
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
9. Ultimate Controlling Party
The company was controlled throughout the year by the directors who own 100% of the issued share capital.
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