Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10917177 Mr Neil Baker Mr Neil Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10917177 2023-12-31 10917177 2024-12-31 10917177 2024-01-01 2024-12-31 10917177 frs-core:CurrentFinancialInstruments 2024-12-31 10917177 frs-core:Non-currentFinancialInstruments 2024-12-31 10917177 frs-core:FurnitureFittings 2024-12-31 10917177 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10917177 frs-core:FurnitureFittings 2023-12-31 10917177 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 10917177 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10917177 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 10917177 frs-core:PlantMachinery 2024-12-31 10917177 frs-core:PlantMachinery 2024-01-01 2024-12-31 10917177 frs-core:PlantMachinery 2023-12-31 10917177 frs-core:OtherReservesSubtotal 2024-12-31 10917177 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10917177 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 10917177 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10917177 frs-bus:SmallEntities 2024-01-01 2024-12-31 10917177 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10917177 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10917177 frs-bus:Director1 2024-01-01 2024-12-31 10917177 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 10917177 frs-countries:EnglandWales 2024-01-01 2024-12-31 10917177 2022-12-31 10917177 2023-12-31 10917177 2023-01-01 2023-12-31 10917177 frs-core:CurrentFinancialInstruments 2023-12-31 10917177 frs-core:Non-currentFinancialInstruments 2023-12-31 10917177 frs-core:OtherReservesSubtotal 2023-12-31 10917177 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10917177
Guildford Jubilee Social Club
Unaudited Financial Statements
For The Year Ended 31 December 2024
Landsborough Accounting Services Ltd
Abbots Cottage
Abbots Way
Guildford
GU1 2XP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10917177
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,338 37,417
32,338 37,417
CURRENT ASSETS
Stocks 5 7,592 6,906
Cash at bank and in hand 137,241 39,854
144,833 46,760
Creditors: Amounts Falling Due Within One Year 6 (8,803 ) (6,321 )
NET CURRENT ASSETS (LIABILITIES) 136,030 40,439
TOTAL ASSETS LESS CURRENT LIABILITIES 168,368 77,856
Creditors: Amounts Falling Due After More Than One Year 7 (31,536 ) (28,793 )
NET ASSETS 136,832 49,063
RESERVES
Other reserves 101,000 -
Income and Expenditure Account 35,832 49,063
MEMBERS' FUNDS 136,832 49,063
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For the year ending 31 December 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 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 and Expenditure Account.
On behalf of the board
Mr Neil Baker
Director
28/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Guildford Jubilee Social Club is a private company, limited by guarantee, incorporated in England & Wales, registered number 10917177 . The registered office is Abbots Cottage, Abbots Way, Guildford, Surrey, GU1 2XP.
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 5% Reducing balance
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% 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.
2.5. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 January 2024 43,072 6,650 140,340 190,062
Additions - 503 21,676 22,179
Revaluation - - (16,509 ) (16,509 )
As at 31 December 2024 43,072 7,153 145,507 195,732
Depreciation
As at 1 January 2024 43,072 2,909 106,664 152,645
Provided during the period - 1,039 9,710 10,749
As at 31 December 2024 43,072 3,948 116,374 163,394
Net Book Value
As at 31 December 2024 - 3,205 29,133 32,338
As at 1 January 2024 - 3,741 33,676 37,417
5. Stocks
2024 2023
£ £
Stock 7,592 6,906
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (2 )
Corporation tax 7 7
Other taxes and social security 2,532 1,207
VAT 4,295 3,419
Accruals and deferred income 1,970 1,690
8,803 6,321
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Government grants after one year 31,536 28,793
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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