Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11578207 Mr Samuel Gray Mrs Hannah Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11578207 2023-09-30 11578207 2024-09-30 11578207 2023-10-01 2024-09-30 11578207 frs-core:CurrentFinancialInstruments 2024-09-30 11578207 frs-core:ComputerEquipment 2024-09-30 11578207 frs-core:ComputerEquipment 2023-10-01 2024-09-30 11578207 frs-core:ComputerEquipment 2023-09-30 11578207 frs-core:FurnitureFittings 2024-09-30 11578207 frs-core:FurnitureFittings 2023-10-01 2024-09-30 11578207 frs-core:FurnitureFittings 2023-09-30 11578207 frs-core:MotorVehicles 2024-09-30 11578207 frs-core:MotorVehicles 2023-10-01 2024-09-30 11578207 frs-core:MotorVehicles 2023-09-30 11578207 frs-core:PlantMachinery 2024-09-30 11578207 frs-core:PlantMachinery 2023-10-01 2024-09-30 11578207 frs-core:PlantMachinery 2023-09-30 11578207 frs-core:ShareCapital 2024-09-30 11578207 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11578207 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11578207 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11578207 frs-bus:SmallEntities 2023-10-01 2024-09-30 11578207 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11578207 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11578207 frs-bus:Director1 2023-10-01 2024-09-30 11578207 frs-bus:Director2 2023-10-01 2024-09-30 11578207 frs-countries:EnglandWales 2023-10-01 2024-09-30 11578207 2022-09-30 11578207 2023-09-30 11578207 2022-10-01 2023-09-30 11578207 frs-core:CurrentFinancialInstruments 2023-09-30 11578207 frs-core:ShareCapital 2023-09-30 11578207 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11578207
S J Gray Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Chandler Tuck Limited
Chartered Accountants
1st Floor
30 North Street
Ashford
Kent
TN24 8JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11578207
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 131,882 115,974
131,882 115,974
CURRENT ASSETS
Debtors 5 4,782 44,940
Cash at bank and in hand 56,714 52,218
61,496 97,158
Creditors: Amounts Falling Due Within One Year 6 (70,865 ) (71,293 )
NET CURRENT ASSETS (LIABILITIES) (9,369 ) 25,865
TOTAL ASSETS LESS CURRENT LIABILITIES 122,513 141,839
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,859 ) (28,994 )
NET ASSETS 96,654 112,845
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 96,554 112,745
SHAREHOLDERS' FUNDS 96,654 112,845
Page 1
Page 2
For the year ending 30 September 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 Samuel Gray
Director
4 April 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
S J Gray Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11578207 . The registered office is 2 Forgemeads, Wittersham, Tenterden, Kent, TN30 7PE.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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 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:
2024 2023
Office and administration 1 1
Manufacturing 1 1
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 153,949 86,590 720 1,102 242,361
Additions 53,510 5,501 - 858 59,869
As at 30 September 2024 207,459 92,091 720 1,960 302,230
Depreciation
As at 1 October 2023 87,211 38,721 180 275 126,387
Provided during the period 30,062 13,342 135 422 43,961
As at 30 September 2024 117,273 52,063 315 697 170,348
Net Book Value
As at 30 September 2024 90,186 40,028 405 1,263 131,882
As at 1 October 2023 66,738 47,869 540 827 115,974
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,782 44,940
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 561
Other creditors 65,614 63,461
Taxation and social security 5,249 7,271
70,865 71,293
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4