Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12114847 Mr Sam Osei Miss Jessica Osei iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12114847 2023-07-31 12114847 2024-07-31 12114847 2023-08-01 2024-07-31 12114847 frs-core:CurrentFinancialInstruments 2024-07-31 12114847 frs-core:Non-currentFinancialInstruments 2024-07-31 12114847 frs-core:PlantMachinery 2024-07-31 12114847 frs-core:PlantMachinery 2023-08-01 2024-07-31 12114847 frs-core:PlantMachinery 2023-07-31 12114847 frs-core:ShareCapital 2024-07-31 12114847 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12114847 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12114847 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12114847 frs-bus:SmallEntities 2023-08-01 2024-07-31 12114847 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12114847 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12114847 frs-bus:Director1 2023-08-01 2024-07-31 12114847 frs-bus:Director2 2023-08-01 2024-07-31 12114847 frs-countries:EnglandWales 2023-08-01 2024-07-31 12114847 2022-07-31 12114847 2023-07-31 12114847 2022-08-01 2023-07-31 12114847 frs-core:CurrentFinancialInstruments 2023-07-31 12114847 frs-core:Non-currentFinancialInstruments 2023-07-31 12114847 frs-core:ShareCapital 2023-07-31 12114847 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12114847
GPS CARGO HANDLING LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
Ads Accountants
Certified Practising Accountants
117 Dartford Road
Dartford
Kent
DA1 3EN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12114847
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,069 31,188
28,069 31,188
CURRENT ASSETS
Debtors 5 9,535 10,196
Cash at bank and in hand 33,478 89,666
43,013 99,862
Creditors: Amounts Falling Due Within One Year 6 (1,497 ) (1,149 )
NET CURRENT ASSETS (LIABILITIES) 41,516 98,713
TOTAL ASSETS LESS CURRENT LIABILITIES 69,585 129,901
Creditors: Amounts Falling Due After More Than One Year 7 (18,338 ) (28,337 )
NET ASSETS 51,247 101,564
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 51,147 101,464
SHAREHOLDERS' FUNDS 51,247 101,564
Page 1
Page 2
For the year ending 31 July 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.
On behalf of the board
Miss Jessica Osei
Director
09/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GPS CARGO HANDLING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12114847 . The registered office is Sams Yard Denver Industrial Estate, Ferry Lane, Rainham, Essex, RM13 9DD.
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:
Plant & Machinery 10% Reducing Balance Basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 47,536
As at 31 July 2024 47,536
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2023 16,348
Provided during the period 3,119
As at 31 July 2024 19,467
Net Book Value
As at 31 July 2024 28,069
As at 1 August 2023 31,188
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,052 6,052
VAT 5,483 4,144
9,535 10,196
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other taxes and social security 349 -
Other creditors 1,149 1,149
1,497 1,149
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,338 28,337
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4