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 01876307 Mr Edward Kersey Mrs Joanne Young Ms Kelly O'Neill Mr Keith Thomas Mr Andrew Barber Mr Thomas Clark Mr Owen Sargant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01876307 2023-12-31 01876307 2024-12-31 01876307 2024-01-01 2024-12-31 01876307 frs-core:CurrentFinancialInstruments 2024-12-31 01876307 frs-core:Non-currentFinancialInstruments 2024-12-31 01876307 frs-core:ComputerEquipment 2024-12-31 01876307 frs-core:ComputerEquipment 2024-01-01 2024-12-31 01876307 frs-core:ComputerEquipment 2023-12-31 01876307 frs-core:FurnitureFittings 2024-12-31 01876307 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01876307 frs-core:FurnitureFittings 2023-12-31 01876307 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 01876307 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 01876307 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01876307 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01876307 frs-core:MotorVehicles 2024-12-31 01876307 frs-core:MotorVehicles 2024-01-01 2024-12-31 01876307 frs-core:MotorVehicles 2023-12-31 01876307 frs-core:PlantMachinery 2024-12-31 01876307 frs-core:PlantMachinery 2024-01-01 2024-12-31 01876307 frs-core:PlantMachinery 2023-12-31 01876307 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01876307 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 01876307 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01876307 frs-bus:SmallEntities 2024-01-01 2024-12-31 01876307 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01876307 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01876307 frs-bus:Director1 2024-01-01 2024-12-31 01876307 frs-bus:Director2 2024-01-01 2024-12-31 01876307 frs-bus:Director3 2024-01-01 2024-12-31 01876307 frs-bus:Director4 2024-01-01 2024-12-31 01876307 frs-bus:Director5 2024-01-01 2024-12-31 01876307 frs-bus:Director6 2024-01-01 2024-12-31 01876307 frs-bus:Director7 2024-01-01 2024-12-31 01876307 frs-core:CurrentFinancialInstruments 1 2024-12-31 01876307 frs-core:Non-currentFinancialInstruments 1 2024-12-31 01876307 frs-core:Non-currentFinancialInstruments 2 2024-12-31 01876307 frs-countries:EnglandWales 2024-01-01 2024-12-31 01876307 2022-12-31 01876307 2023-12-31 01876307 2023-01-01 2023-12-31 01876307 frs-core:CurrentFinancialInstruments 2023-12-31 01876307 frs-core:Non-currentFinancialInstruments 2023-12-31 01876307 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01876307 frs-core:CurrentFinancialInstruments 1 2023-12-31 01876307 frs-core:Non-currentFinancialInstruments 1 2023-12-31 01876307 frs-core:Non-currentFinancialInstruments 2 2023-12-31
Registered number: 01876307
GAFIRS
Unaudited Financial Statements
For The Year Ended 31 December 2024
ALP Accountancy Ltd
19 Beaufort Close
Lee-On-The-Solent
PO13 8FN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 01876307
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 309,310 324,247
309,310 324,247
CURRENT ASSETS
Stocks 5 16,238 16,129
Debtors 6 520,023 389,595
Cash at bank and in hand 168,962 246,710
705,223 652,434
Creditors: Amounts Falling Due Within One Year 7 (6,706 ) (2,973 )
NET CURRENT ASSETS (LIABILITIES) 698,517 649,461
TOTAL ASSETS LESS CURRENT LIABILITIES 1,007,827 973,708
NET ASSETS 1,007,827 973,708
Income and Expenditure Account 1,007,827 973,708
MEMBERS' FUNDS 1,007,827 973,708
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 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 Income and Expenditure Account.
On behalf of the board
Mr Owen Sargant
Director
12th March 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
GAFIRS is a private company, limited by guarantee, incorporated in England & Wales, registered number 01876307 . The registered office is Boat House Lifeboat Lane, Alverstoke, Gosport, Hampshire, PO12 2TR.
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 10% Reducing Balance
Leasehold 10% Reducing Balance
Plant & Machinery 10% Reducing Balance
Motor Vehicles 10% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
Computer Equipment 10% 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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Page 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 27,727 457,753 59,185 332,599
Additions - 17,193 - -
As at 31 December 2024 27,727 474,946 59,185 332,599
Depreciation
As at 1 January 2024 25,440 273,589 5,919 269,559
Provided during the period 229 18,580 5,327 6,304
As at 31 December 2024 25,669 292,169 11,246 275,863
Net Book Value
As at 31 December 2024 2,058 182,777 47,939 56,736
As at 1 January 2024 2,287 184,164 53,266 63,040
Computer Equipment Total
£ £
Cost
As at 1 January 2024 46,779 924,043
Additions 490 17,683
As at 31 December 2024 47,269 941,726
Depreciation
As at 1 January 2024 25,289 599,796
Provided during the period 2,180 32,620
As at 31 December 2024 27,469 632,416
Net Book Value
As at 31 December 2024 19,800 309,310
As at 1 January 2024 21,490 324,247
5. Stocks
2024 2023
as restated
£ £
Stock 16,238 16,129
Page 3
Page 4
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 903 -
Other debtors (1) 110,000 -
VAT 9,510 8,558
120,413 8,558
Due after more than one year
Gift aid recoverable 1,532 966
Fuel duty recoverable 1,746 1,121
Short term investments 396,332 378,950
399,610 381,037
520,023 389,595
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 6,678 2,973
Other creditors 28 -
6,706 2,973
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.
Page 4