Acorah Software Products - Accounts Production 16.2.850 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 05426221 Mr Hakeem Adeleye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05426221 2023-04-30 05426221 2024-04-30 05426221 2023-05-01 2024-04-30 05426221 frs-core:ComputerEquipment 2023-05-01 2024-04-30 05426221 frs-core:FurnitureFittings 2023-05-01 2024-04-30 05426221 frs-core:NetGoodwill 2023-05-01 2024-04-30 05426221 frs-core:PlantMachinery 2023-05-01 2024-04-30 05426221 frs-core:ShareCapital 2024-04-30 05426221 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05426221 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05426221 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 05426221 frs-bus:SmallEntities 2023-05-01 2024-04-30 05426221 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05426221 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05426221 frs-bus:Director1 2023-05-01 2024-04-30 05426221 frs-countries:EnglandWales 2023-05-01 2024-04-30 05426221 2022-04-30 05426221 2023-04-30 05426221 2022-05-01 2023-04-30 05426221 frs-core:ShareCapital 2023-04-30 05426221 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05426221
Grugeon Reynolds Limited
ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05426221
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,500 52,500
Tangible Assets 5 561 2,484
18,061 54,984
CURRENT ASSETS
Debtors 227,162 107,355
Cash at bank and in hand 13,807 10,078
240,969 117,433
Creditors: Amounts Falling Due Within One Year (184,543 ) (12,420 )
NET CURRENT ASSETS (LIABILITIES) 56,426 105,013
TOTAL ASSETS LESS CURRENT LIABILITIES 74,487 159,997
NET ASSETS 74,487 159,997
CAPITAL AND RESERVES
Called up share capital 6 1,100 1,100
Profit and Loss Account 73,387 158,897
SHAREHOLDERS' FUNDS 74,487 159,997
Page 1
Page 2
For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Hakeem Adeleye
Director
31/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Grugeon Reynolds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05426221 . The registered office is Adams & Moore House, Instone Road, Dartford, Kent, DA1 2AG.
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 rendering of services. Turnover is recognised when a right to consideration has been obtained with reasonable certainty under each engagement.

Unbilled revenue is included in trade debtors as 'amounts recoverable on engagements'.

Amounts billed on account in excess of the value of work performed are included as trade creditors.
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 twenty 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:
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 12.50% on cost
Computer Equipment 20% on cost
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: NIL (2023: NIL)
- -
4. Intangible Assets
Total
£
Cost
As at 1 May 2023 350,000
As at 30 April 2024 350,000
Amortisation
As at 1 May 2023 297,500
Provided during the period 35,000
As at 30 April 2024 332,500
Net Book Value
As at 30 April 2024 17,500
As at 1 May 2023 52,500
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Page 4
5. Tangible Assets
Total
£
Cost
As at 1 May 2023 23,550
As at 30 April 2024 23,550
Depreciation
As at 1 May 2023 21,066
Provided during the period 1,923
As at 30 April 2024 22,989
Net Book Value
As at 30 April 2024 561
As at 1 May 2023 2,484
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
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