Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03822495 Mr Gurmeet Suharan Mrs Billay Suharan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03822495 2023-08-31 03822495 2024-08-31 03822495 2023-09-01 2024-08-31 03822495 frs-core:CurrentFinancialInstruments 2024-08-31 03822495 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03822495 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03822495 frs-core:PlantMachinery 2024-08-31 03822495 frs-core:PlantMachinery 2023-08-31 03822495 frs-core:ShareCapital 2024-08-31 03822495 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03822495 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03822495 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03822495 frs-bus:SmallEntities 2023-09-01 2024-08-31 03822495 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03822495 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03822495 frs-bus:Director1 2023-09-01 2024-08-31 03822495 frs-bus:Director2 2023-09-01 2024-08-31 03822495 frs-countries:EnglandWales 2023-09-01 2024-08-31 03822495 2022-08-31 03822495 2023-08-31 03822495 2022-09-01 2023-08-31 03822495 frs-core:CurrentFinancialInstruments 2023-08-31 03822495 frs-core:ShareCapital 2023-08-31 03822495 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03822495
Gainsborough Sales Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
DA Coffey and Associates LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03822495
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 174,650 152,500
Cash at bank and in hand 1,057 1,228
175,707 153,728
Creditors: Amounts Falling Due Within One Year 5 (239,063 ) (236,775 )
NET CURRENT ASSETS (LIABILITIES) (63,356 ) (83,047 )
TOTAL ASSETS LESS CURRENT LIABILITIES (63,356 ) (83,047 )
NET LIABILITIES (63,356 ) (83,047 )
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account (63,358 ) (83,049 )
SHAREHOLDERS' FUNDS (63,356) (83,047)
For the year ending 31 August 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 Gurmeet Suharan
Director
13 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gainsborough Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03822495 . The registered office is 32 Coldharbour Lane, Batford, Harpenden, AL5 4UN.
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 Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% on cost
Computer Equipment 33% on cost
2.5. 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.
2.6. 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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
Page 2
Page 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2023 28,265
As at 31 August 2024 28,265
Depreciation
As at 1 September 2023 28,265
As at 31 August 2024 28,265
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 80,437 39,483
Bank loans and overdrafts 36,838 59,008
Other creditors 117,680 133,090
Taxation and social security 4,108 5,194
239,063 236,775
Page 3