Acorah Software Products - Accounts Production 16.2.800 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10291319 Mr Sean Holdway Mrs Jennifer Holdway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10291319 2023-09-30 10291319 2024-09-30 10291319 2023-10-01 2024-09-30 10291319 frs-core:CurrentFinancialInstruments 2024-09-30 10291319 frs-core:Non-currentFinancialInstruments 2024-09-30 10291319 frs-core:ComputerEquipment 2024-09-30 10291319 frs-core:ComputerEquipment 2023-10-01 2024-09-30 10291319 frs-core:ComputerEquipment 2023-09-30 10291319 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 10291319 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10291319 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 10291319 frs-core:MotorVehicles 2024-09-30 10291319 frs-core:MotorVehicles 2023-10-01 2024-09-30 10291319 frs-core:MotorVehicles 2023-09-30 10291319 frs-core:PlantMachinery 2024-09-30 10291319 frs-core:PlantMachinery 2023-10-01 2024-09-30 10291319 frs-core:PlantMachinery 2023-09-30 10291319 frs-core:ShareCapital 2024-09-30 10291319 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10291319 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10291319 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10291319 frs-bus:SmallEntities 2023-10-01 2024-09-30 10291319 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10291319 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10291319 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 10291319 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 10291319 frs-bus:Director1 2023-10-01 2024-09-30 10291319 frs-bus:Director2 2023-10-01 2024-09-30 10291319 frs-countries:EnglandWales 2023-10-01 2024-09-30 10291319 2022-09-30 10291319 2023-09-30 10291319 2022-10-01 2023-09-30 10291319 frs-core:CurrentFinancialInstruments 2023-09-30 10291319 frs-core:Non-currentFinancialInstruments 2023-09-30 10291319 frs-core:ShareCapital 2023-09-30 10291319 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10291319 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30
Registered number: 10291319
Gregory Bros Ltd
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: 10291319
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,342 51,093
Investment Properties 5 325,000 325,000
375,342 376,093
CURRENT ASSETS
Stocks 6 75,737 10,000
Debtors 7 144,631 147,660
Cash at bank and in hand 7,084 20,250
227,452 177,910
Creditors: Amounts Falling Due Within One Year 8 (256,099 ) (159,082 )
NET CURRENT ASSETS (LIABILITIES) (28,647 ) 18,828
TOTAL ASSETS LESS CURRENT LIABILITIES 346,695 394,921
Creditors: Amounts Falling Due After More Than One Year 9 (207,122 ) (222,128 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (24,277 ) (20,000 )
Deferred Taxation (40,046 ) (30,546 )
NET ASSETS 75,250 122,247
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 82,695 89,311
Profit and Loss Account (7,446 ) 32,935
SHAREHOLDERS' FUNDS 75,250 122,247
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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 Sean Holdway
Director
19 December 2024
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
Gregory Bros Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10291319 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period.  These estimates and assumptions are based on management's best knowledge of the amount, events or actions.  Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.
2.3. 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.
2.4. 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 10% SL
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Computer Equipment 33% SL
2.5. 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.
2.6. 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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2.7. 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 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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 1,667 43,266 59,448 5,714 110,095
Additions - - 21,150 708 21,858
Disposals - - (29,189 ) (316 ) (29,505 )
As at 30 September 2024 1,667 43,266 51,409 6,106 102,448
Depreciation
As at 1 October 2023 1,083 14,667 38,005 5,247 59,002
Provided during the period 167 3,762 3,845 540 8,314
Disposals - - (14,894 ) (316 ) (15,210 )
As at 30 September 2024 1,250 18,429 26,956 5,471 52,106
Net Book Value
As at 30 September 2024 417 24,837 24,453 635 50,342
As at 1 October 2023 584 28,599 21,443 467 51,093
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 325,000
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Page 5
6. Stocks
2024 2023
£ £
Materials 10,000 10,000
Work in progress 65,737 -
75,737 10,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 114,965 118,604
Amounts owed by group undertakings 29,666 29,056
144,631 147,660
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 188,952 128,573
Bank loans and overdrafts 13,048 12,060
Other creditors 14,693 1,942
Taxation and social security 39,406 16,507
256,099 159,082
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 93,656 106,902
Amounts owed to group undertakings 113,466 115,226
207,122 222,128
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Fair Value Reserve
£
As at 1 October 2023 89,311
Movements in fair value reserve (6,616)
As at 30 September 2024 82,695
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