Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI636879 Mrs Ruth Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI636879 2023-03-31 NI636879 2024-03-31 NI636879 2023-04-01 2024-03-31 NI636879 frs-core:CurrentFinancialInstruments 2024-03-31 NI636879 frs-core:Non-currentFinancialInstruments 2024-03-31 NI636879 frs-core:BetweenOneFiveYears 2024-03-31 NI636879 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 NI636879 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI636879 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 NI636879 frs-core:MotorVehicles 2024-03-31 NI636879 frs-core:MotorVehicles 2023-04-01 2024-03-31 NI636879 frs-core:MotorVehicles 2023-03-31 NI636879 frs-core:PlantMachinery 2024-03-31 NI636879 frs-core:PlantMachinery 2023-04-01 2024-03-31 NI636879 frs-core:PlantMachinery 2023-03-31 NI636879 frs-core:RevaluationReserve 2023-04-01 2024-03-31 NI636879 frs-core:RevaluationReserve 2023-03-31 NI636879 frs-core:RevaluationReserve 2024-03-31 NI636879 frs-core:ShareCapital 2024-03-31 NI636879 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI636879 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI636879 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI636879 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI636879 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI636879 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI636879 frs-bus:Director1 2023-04-01 2024-03-31 NI636879 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI636879 2022-03-31 NI636879 2023-03-31 NI636879 2022-04-01 2023-03-31 NI636879 frs-core:CurrentFinancialInstruments 2023-03-31 NI636879 frs-core:Non-currentFinancialInstruments 2023-03-31 NI636879 frs-core:BetweenOneFiveYears 2023-03-31 NI636879 frs-core:RevaluationReserve 2023-03-31 NI636879 frs-core:ShareCapital 2023-03-31 NI636879 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI636879
Goodland Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI636879
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,070 466,260
17,070 466,260
CURRENT ASSETS
Stocks 5 1,675,480 981,000
Debtors 6 (1,529,009 ) (654,802 )
Cash at bank and in hand 193,009 16,920
339,480 343,118
Creditors: Amounts Falling Due Within One Year 7 (102,425 ) (53,815 )
NET CURRENT ASSETS (LIABILITIES) 237,055 289,303
TOTAL ASSETS LESS CURRENT LIABILITIES 254,125 755,563
Creditors: Amounts Falling Due After More Than One Year 8 (328,663 ) (495,560 )
NET (LIABILITIES)/ASSETS (74,538 ) 260,003
CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 - 342,356
Profit and Loss Account (74,539 ) (82,354 )
SHAREHOLDERS' FUNDS (74,538) 260,003
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Page 2
For the year ending 31 March 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 her 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
Mrs Ruth Smith
Director
2nd 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
Goodland Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI636879 . The registered office is 42 Tullyglush Road, Banbridge, Co Down, BT32 3TN.
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:
Freehold 0%
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% 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
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 April 2023 447,500 10,250 13,200 470,950
Additions 3,000 - - 3,000
Disposals (105,144 ) - - (105,144 )
Revaluation (342,356 ) - - (342,356 )
As at 31 March 2024 3,000 10,250 13,200 26,450
Depreciation
As at 1 April 2023 - 2,050 2,640 4,690
Provided during the period - 2,050 2,640 4,690
As at 31 March 2024 - 4,100 5,280 9,380
Net Book Value
As at 31 March 2024 3,000 6,150 7,920 17,070
As at 1 April 2023 447,500 8,200 10,560 466,260
5. Stocks
2024 2023
£ £
Stock 1,675,480 981,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income (1,558,533 ) (656,727 )
VAT 10,274 1,924
Called up share capital not paid 1 1
Amounts owed by associates 19,249 -
(1,529,009 ) (654,802 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 88,227 53,815
Bank loans and overdrafts 14,198 -
102,425 53,815
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 10,560
Bank loans 15,741 200,000
Directors loan account 312,922 285,000
328,663 495,560
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 10,560
10. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
11. Reserves
Revaluation Reserve
£
As at 1 April 2023 342,356
Net investment property revaluation reserve (342,356 )
As at 31 March 2024 -
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