Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09888099 Mr Phillip Watts Mr Robert Dighero Mr Paul Roiter Mr John Philpott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09888099 2023-11-30 09888099 2024-11-30 09888099 2023-12-01 2024-11-30 09888099 frs-core:CurrentFinancialInstruments 2024-11-30 09888099 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-01 2024-11-30 09888099 frs-core:FurnitureFittings 2024-11-30 09888099 frs-core:FurnitureFittings 2023-12-01 2024-11-30 09888099 frs-core:FurnitureFittings 2023-11-30 09888099 frs-core:OtherResidualIntangibleAssets 2024-11-30 09888099 frs-core:OtherResidualIntangibleAssets 2023-12-01 2024-11-30 09888099 frs-core:OtherResidualIntangibleAssets 2023-11-30 09888099 frs-core:SharePremium 2024-11-30 09888099 frs-core:ShareCapital 2024-11-30 09888099 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09888099 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09888099 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09888099 frs-bus:SmallEntities 2023-12-01 2024-11-30 09888099 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09888099 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09888099 frs-core:CostValuation 2023-11-30 09888099 frs-core:AdditionsToInvestments 2024-11-30 09888099 frs-core:CostValuation 2024-11-30 09888099 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 09888099 frs-core:ProvisionsForImpairmentInvestments 2024-11-30 09888099 frs-bus:Director1 2023-12-01 2024-11-30 09888099 frs-bus:Director2 2023-12-01 2024-11-30 09888099 frs-bus:Director3 2023-12-01 2024-11-30 09888099 frs-bus:Director4 2023-12-01 2024-11-30 09888099 frs-countries:EnglandWales 2023-12-01 2024-11-30 09888099 2022-11-30 09888099 2023-11-30 09888099 2022-12-01 2023-11-30 09888099 frs-core:CurrentFinancialInstruments 2023-11-30 09888099 frs-core:SharePremium 2023-11-30 09888099 frs-core:ShareCapital 2023-11-30 09888099 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 09888099
GSPV Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09888099
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 69,417 68,675
Tangible Assets 5 52,661 25,055
Investments 6 8 -
122,086 93,730
CURRENT ASSETS
Debtors 7 4,206,412 1,535,593
Cash at bank and in hand 989,897 1,877,692
5,196,309 3,413,285
Creditors: Amounts Falling Due Within One Year 8 (4,268,629 ) (2,310,877 )
NET CURRENT ASSETS (LIABILITIES) 927,680 1,102,408
TOTAL ASSETS LESS CURRENT LIABILITIES 1,049,766 1,196,138
NET ASSETS 1,049,766 1,196,138
CAPITAL AND RESERVES
Called up share capital 9 5 5
Share premium account 4,555,597 4,555,597
Profit and Loss Account (3,505,836 ) (3,359,464 )
SHAREHOLDERS' FUNDS 1,049,766 1,196,138
Page 1
Page 2
For the year ending 30 November 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 Phillip Watts
Director
08/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GSPV Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09888099 . The registered office is Senna Building, Gorsuch Place, London, E2 8JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets including purchased goodwill and patents are amortised to profit and loss account over their estimated economic life of 2 to 5 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:
Fixtures & Fittings 1 to 3 years
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 profit.
2.6. 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 another year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 59 (2023: 40)
59 40
4. Intangible Assets
Other
£
Cost
As at 1 December 2023 134,415
Additions 30,369
As at 30 November 2024 164,784
Amortisation
As at 1 December 2023 65,740
Provided during the period 29,627
As at 30 November 2024 95,367
Net Book Value
As at 30 November 2024 69,417
As at 1 December 2023 68,675
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2023 68,714
Additions 63,905
As at 30 November 2024 132,619
Depreciation
As at 1 December 2023 43,659
Provided during the period 36,299
As at 30 November 2024 79,958
Net Book Value
As at 30 November 2024 52,661
As at 1 December 2023 25,055
6. Investments
Subsidiaries
£
Cost
As at 1 December 2023 -
Additions 8
As at 30 November 2024 8
Provision
As at 1 December 2023 -
As at 30 November 2024 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 November 2024 8
As at 1 December 2023 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,902,742 1,457,310
Amounts owed by group undertakings 100,137 -
Other debtors 203,533 78,283
4,206,412 1,535,593
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,300 61,740
Other creditors 3,896,294 2,144,283
Taxation and social security 348,035 104,854
4,268,629 2,310,877
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
Page 5