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 04012668 Mr Richard Jones Mr Robert Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04012668 2023-06-30 04012668 2024-06-30 04012668 2023-07-01 2024-06-30 04012668 frs-core:CurrentFinancialInstruments 2024-06-30 04012668 frs-core:Non-currentFinancialInstruments 2024-06-30 04012668 frs-core:FurnitureFittings 2024-06-30 04012668 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04012668 frs-core:FurnitureFittings 2023-06-30 04012668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 04012668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04012668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 04012668 frs-core:ShareCapital 2024-06-30 04012668 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04012668 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04012668 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04012668 frs-bus:SmallEntities 2023-07-01 2024-06-30 04012668 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04012668 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04012668 frs-bus:Director1 2023-07-01 2024-06-30 04012668 frs-bus:Director2 2023-07-01 2024-06-30 04012668 frs-countries:EnglandWales 2023-07-01 2024-06-30 04012668 2022-06-30 04012668 2023-06-30 04012668 2022-07-01 2023-06-30 04012668 frs-core:CurrentFinancialInstruments 2023-06-30 04012668 frs-core:Non-currentFinancialInstruments 2023-06-30 04012668 frs-core:ShareCapital 2023-06-30 04012668 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04012668
Grange Distributors limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Ellis Hicks & Co
24 Princes Road
Burnham On Crouch
Essex
CM0 8BX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04012668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,900 49,645
42,900 49,645
CURRENT ASSETS
Stocks 5 38,248 25,256
Debtors 6 47,997 46,585
Cash at bank and in hand 5,736 2,842
91,981 74,683
Creditors: Amounts Falling Due Within One Year 7 (64,983 ) (58,701 )
NET CURRENT ASSETS (LIABILITIES) 26,998 15,982
TOTAL ASSETS LESS CURRENT LIABILITIES 69,898 65,627
Creditors: Amounts Falling Due After More Than One Year 8 (57,173 ) (58,181 )
NET ASSETS 12,725 7,446
CAPITAL AND RESERVES
Called up share capital 9 110 110
Profit and Loss Account 12,615 7,336
SHAREHOLDERS' FUNDS 12,725 7,446
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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 Robert Jones
Director
17/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grange Distributors limited is a private company, limited by shares, incorporated in England & Wales, registered number 04012668 . The registered office is 91 High Street, Barkingside, Ilford, IG6 2AH.
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:
Leasehold Straight line over 10 years
Fixtures & Fittings 15% Reducing balance
2.4. 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.
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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 2
2 3
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 65,089 38,718 103,807
As at 30 June 2024 65,089 38,718 103,807
...CONTINUED
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Depreciation
As at 1 July 2023 17,018 37,144 54,162
Provided during the period 6,509 236 6,745
As at 30 June 2024 23,527 37,380 60,907
Net Book Value
As at 30 June 2024 41,562 1,338 42,900
As at 1 July 2023 48,071 1,574 49,645
5. Stocks
2024 2023
£ £
Finished goods 38,248 25,256
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,970 21,141
Prepayments and accrued income 7,045 7,727
Corporation tax recoverable assets 2,717 2,717
Other taxes and social security 265 -
32,997 31,585
Due after more than one year
Other debtors 15,000 15,000
15,000 15,000
47,997 46,585
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 726
Bank loans and overdrafts 15,996 27,629
Corporation tax 9,204 1,875
Other taxes and social security - 169
VAT 7,610 6,029
Net wages 92 400
Accruals and deferred income 2,741 1,743
Directors' loan accounts 29,340 20,130
64,983 58,701
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,173 28,181
Directors loan account 30,000 30,000
57,173 58,181
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Richard Jones 9,000 12,000
Mr Robert Jones 9,000 12,000
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