Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12962144 Mr Bhavish Thakrar Douglas Yabsley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12962144 2023-10-31 12962144 2024-10-31 12962144 2023-11-01 2024-10-31 12962144 frs-core:CurrentFinancialInstruments 2024-10-31 12962144 frs-core:ComputerEquipment 2024-10-31 12962144 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12962144 frs-core:ComputerEquipment 2023-10-31 12962144 frs-core:OtherReservesSubtotal 2024-10-31 12962144 frs-core:ShareCapital 2024-10-31 12962144 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12962144 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12962144 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12962144 frs-bus:SmallEntities 2023-11-01 2024-10-31 12962144 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12962144 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12962144 frs-bus:Director1 2023-11-01 2024-10-31 12962144 frs-bus:Director2 2023-11-01 2024-10-31 12962144 frs-countries:EnglandWales 2023-11-01 2024-10-31 12962144 2022-10-31 12962144 2023-10-31 12962144 2022-11-01 2023-10-31 12962144 frs-core:CurrentFinancialInstruments 2023-10-31 12962144 frs-core:OtherReservesSubtotal 2023-10-31 12962144 frs-core:ShareCapital 2023-10-31 12962144 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12962144
Gol (Mk) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12962144
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,424 1,716
Investment Properties 5 865,033 865,033
866,457 866,749
CURRENT ASSETS
Debtors 6 193 308
Cash at bank and in hand 17,772 26,073
17,965 26,381
Creditors: Amounts Falling Due Within One Year 7 (617,289 ) (689,142 )
NET CURRENT ASSETS (LIABILITIES) (599,324 ) (662,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES 267,133 203,988
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,313 ) (19,353 )
NET ASSETS 244,820 184,635
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 81,000 81,000
Profit and Loss Account 163,720 103,535
SHAREHOLDERS' FUNDS 244,820 184,635
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Page 2
For the year ending 31 October 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
Mr Bhavish Thakrar
Director
Douglas Yabsley
Director
18 April 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gol (Mk) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12962144 . The registered office is 22 Warmington Gardens Downhead Park, Milton Keynes, MK15 9BP.
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 reduced for rebates and other similar allowances.
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:
Computer Equipment Straight line over 3 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 years 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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 2,798
Additions 961
As at 31 October 2024 3,759
Depreciation
As at 1 November 2023 1,082
Provided during the period 1,253
As at 31 October 2024 2,335
Net Book Value
As at 31 October 2024 1,424
As at 1 November 2023 1,716
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 865,033
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 193 308
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 598,066 671,902
Taxation and social security 19,223 17,240
617,289 689,142
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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