Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 30 June 2024 30 June 2024 02693759 Neil Muir Tracy Muir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02693759 2023-03-31 02693759 2024-06-30 02693759 2023-04-01 2024-06-30 02693759 frs-core:CurrentFinancialInstruments 2024-06-30 02693759 frs-core:Non-currentFinancialInstruments 2024-06-30 02693759 frs-core:BetweenOneFiveYears 2024-06-30 02693759 frs-core:MotorVehicles 2024-06-30 02693759 frs-core:MotorVehicles 2023-04-01 2024-06-30 02693759 frs-core:MotorVehicles 2023-03-31 02693759 frs-core:PlantMachinery 2024-06-30 02693759 frs-core:PlantMachinery 2023-04-01 2024-06-30 02693759 frs-core:PlantMachinery 2023-03-31 02693759 frs-core:WithinOneYear 2024-06-30 02693759 frs-core:ShareCapital 2024-06-30 02693759 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02693759 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 02693759 frs-bus:FilletedAccounts 2023-04-01 2024-06-30 02693759 frs-bus:SmallEntities 2023-04-01 2024-06-30 02693759 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 02693759 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 02693759 frs-bus:Director1 2023-04-01 2024-06-30 02693759 frs-bus:Director1 2023-03-31 02693759 frs-bus:Director1 2024-06-30 02693759 frs-bus:CompanySecretary1 2023-04-01 2024-06-30 02693759 frs-countries:EnglandWales 2023-04-01 2024-06-30 02693759 2022-03-31 02693759 2023-03-31 02693759 2022-04-01 2023-03-31 02693759 frs-core:CurrentFinancialInstruments 2023-03-31 02693759 frs-core:Non-currentFinancialInstruments 2023-03-31 02693759 frs-core:BetweenOneFiveYears 2023-03-31 02693759 frs-core:WithinOneYear 2023-03-31 02693759 frs-core:ShareCapital 2023-03-31 02693759 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02693759
GraphicFunction Limited
Financial Statements
For the Period 1 April 2023 to 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 02693759
30 June 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,265 27,681
18,265 27,681
CURRENT ASSETS
Debtors 5 10,613 11,823
10,613 11,823
Creditors: Amounts Falling Due Within One Year 6 (15,957 ) (21,142 )
NET CURRENT ASSETS (LIABILITIES) (5,344 ) (9,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,921 18,362
Creditors: Amounts Falling Due After More Than One Year 7 (8,690 ) (12,669 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,622 ) (5,259 )
NET ASSETS 609 434
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 509 334
SHAREHOLDERS' FUNDS 609 434
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For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Neil Muir
Director
28/03/2025
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
GraphicFunction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02693759 . The registered office is 1 Dove Gardens Ashbourne Road, Rocester, Uttoxeter, England, ST14 5LF.
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.
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 25% reducing balance
Motor Vehicles 25% 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 income statement 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 income statement as incurred.
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.

3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 43,647 52,405 96,052
Additions 833 - 833
Disposals (33,224 ) (25,067 ) (58,291 )
As at 30 June 2024 11,256 27,338 38,594
Depreciation
As at 1 April 2023 37,486 30,885 68,371
Provided during the period 2,012 6,362 8,374
Disposals (32,509 ) (23,907 ) (56,416 )
As at 30 June 2024 6,989 13,340 20,329
Net Book Value
As at 30 June 2024 4,267 13,998 18,265
As at 1 April 2023 6,161 21,520 27,681
5. Debtors
30 June 2024 31 March 2023
£ £
Due within one year
Other debtors 10,613 11,823
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,761 3,761
Bank loans and overdrafts 2,718 2,074
Other creditors 165 -
Taxation and social security 9,313 15,307
15,957 21,142
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,690 12,669
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8. Obligations Under Finance Leases and Hire Purchase
30 June 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,761 3,761
Later than one year and not later than five years 8,690 12,669
12,451 16,430
12,451 16,430
9. Share Capital
30 June 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within other debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Neil Muir 9,874 70,205 (71,416 ) - 8,663
The above loan is unsecured, interest free and repayable on demand.
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