Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07737419 Richard John Plant Paul Simon Robinson Mark James Gudgin Richard Benjamin Plant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07737419 2023-08-31 07737419 2024-08-31 07737419 2023-09-01 2024-08-31 07737419 frs-core:CurrentFinancialInstruments 2024-08-31 07737419 frs-core:Non-currentFinancialInstruments 2024-08-31 07737419 frs-core:ComputerEquipment 2024-08-31 07737419 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07737419 frs-core:ComputerEquipment 2023-08-31 07737419 frs-core:NetGoodwill 2024-08-31 07737419 frs-core:NetGoodwill 2023-09-01 2024-08-31 07737419 frs-core:NetGoodwill 2023-08-31 07737419 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 07737419 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 07737419 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 07737419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 07737419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07737419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 07737419 frs-core:MotorVehicles 2024-08-31 07737419 frs-core:MotorVehicles 2023-09-01 2024-08-31 07737419 frs-core:MotorVehicles 2023-08-31 07737419 frs-core:PlantMachinery 2024-08-31 07737419 frs-core:PlantMachinery 2023-09-01 2024-08-31 07737419 frs-core:PlantMachinery 2023-08-31 07737419 frs-core:SharePremium 2024-08-31 07737419 frs-core:ShareCapital 2024-08-31 07737419 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07737419 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07737419 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07737419 frs-bus:SmallEntities 2023-09-01 2024-08-31 07737419 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07737419 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07737419 frs-bus:Director1 2023-09-01 2024-08-31 07737419 frs-bus:Director2 2023-09-01 2024-08-31 07737419 frs-bus:Director3 2023-09-01 2024-08-31 07737419 frs-bus:Director4 2023-09-01 2024-08-31 07737419 frs-countries:EnglandWales 2023-09-01 2024-08-31 07737419 2022-08-31 07737419 2023-08-31 07737419 2022-09-01 2023-08-31 07737419 frs-core:CurrentFinancialInstruments 2023-08-31 07737419 frs-core:Non-currentFinancialInstruments 2023-08-31 07737419 frs-core:SharePremium 2023-08-31 07737419 frs-core:ShareCapital 2023-08-31 07737419 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07737419
GREENFUTURE ENERGY LTD
Financial Statements
For The Year Ended 31 August 2024
CRASL
Carlton House
Carlton Park Industrial Estate
Saxmundham
Suffolk
IP17 2NL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07737419
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,764 24,235
Tangible Assets 5 268,646 262,529
287,410 286,764
CURRENT ASSETS
Stocks 6 56,279 64,517
Debtors 7 181,285 220,995
Cash at bank and in hand 17,000 30,758
254,564 316,270
Creditors: Amounts Falling Due Within One Year 8 (292,713 ) (371,211 )
NET CURRENT ASSETS (LIABILITIES) (38,149 ) (54,941 )
TOTAL ASSETS LESS CURRENT LIABILITIES 249,261 231,823
Creditors: Amounts Falling Due After More Than One Year 9 (248,087 ) (165,177 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,505 ) -
NET (LIABILITIES)/ASSETS (15,331 ) 66,646
CAPITAL AND RESERVES
Called up share capital 10 400 400
Share premium account 44,900 44,900
Profit and Loss Account (60,631 ) 21,346
SHAREHOLDERS' FUNDS (15,331) 66,646
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For the year ending 31 August 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
Richard John Plant
Director
03/03/2025
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
GREENFUTURE ENERGY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07737419 . The registered office is Unit 12 Charlton Park Industrial Estate, Saxmundham , Suffolk, IP17 2NL.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Freehold 0% Depreciation
Leasehold Improvements 20% Reducing Balance
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 33% Straight Line
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 19 (2023: 19)
19 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 54,705
As at 31 August 2024 54,705
Amortisation
As at 1 September 2023 30,470
Provided during the period 5,471
As at 31 August 2024 35,941
Net Book Value
As at 31 August 2024 18,764
As at 1 September 2023 24,235
5. Tangible Assets
Land & Property
Freehold Leasehold Improvements Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 September 2023 167,122 20,823 17,092 164,092
Additions - - - 25,250
Disposals - - - (19,662 )
As at 31 August 2024 167,122 20,823 17,092 169,680
...CONTINUED
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Depreciation
As at 1 September 2023 - 7,824 11,779 89,205
Provided during the period - 2,082 1,198 20,335
Disposals - (4,100 ) - (21,198 )
As at 31 August 2024 - 5,806 12,977 88,342
Net Book Value
As at 31 August 2024 167,122 15,017 4,115 81,338
As at 1 September 2023 167,122 12,999 5,313 74,887
Computer Equipment Total
£ £
Cost
As at 1 September 2023 10,003 379,132
Additions 516 25,766
Disposals (785 ) (20,447 )
As at 31 August 2024 9,734 384,451
Depreciation
As at 1 September 2023 7,795 116,603
Provided during the period 1,478 25,093
Disposals (593 ) (25,891 )
As at 31 August 2024 8,680 115,805
Net Book Value
As at 31 August 2024 1,054 268,646
As at 1 September 2023 2,208 262,529
6. Stocks
2024 2023
£ £
Stock 56,279 64,517
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 95,404 153,306
Other debtors 71,214 67,689
166,618 220,995
Due after more than one year
Other debtors 14,667 -
181,285 220,995
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 172,475 139,648
Bank loans and overdrafts 43,784 45,906
Other creditors 1,303 76,328
Taxation and social security 75,151 109,329
292,713 371,211
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 134,214 121,923
Other loans 48,870 -
Inter Company Loan 34,284 -
Other creditors 30,719 43,254
248,087 165,177
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
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