Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06686209 Mr G B Pinder Mrs J Pinder iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06686209 2023-08-31 06686209 2024-08-31 06686209 2023-09-01 2024-08-31 06686209 frs-core:CurrentFinancialInstruments 2024-08-31 06686209 frs-core:MotorVehicles 2024-08-31 06686209 frs-core:MotorVehicles 2023-09-01 2024-08-31 06686209 frs-core:MotorVehicles 2023-08-31 06686209 frs-core:PlantMachinery 2024-08-31 06686209 frs-core:PlantMachinery 2023-09-01 2024-08-31 06686209 frs-core:PlantMachinery 2023-08-31 06686209 frs-core:ShareCapital 2024-08-31 06686209 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06686209 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06686209 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06686209 frs-bus:SmallEntities 2023-09-01 2024-08-31 06686209 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06686209 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06686209 frs-bus:Director1 2023-09-01 2024-08-31 06686209 frs-bus:Director2 2023-09-01 2024-08-31 06686209 frs-core:CurrentFinancialInstruments 1 2024-08-31 06686209 frs-countries:EnglandWales 2023-09-01 2024-08-31 06686209 2022-08-31 06686209 2023-08-31 06686209 2022-09-01 2023-08-31 06686209 frs-core:CurrentFinancialInstruments 2023-08-31 06686209 frs-core:ShareCapital 2023-08-31 06686209 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 06686209 frs-core:CurrentFinancialInstruments 1 2023-08-31
G B Pinder Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06686209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,121 1,953
3,121 1,953
CURRENT ASSETS
Stock 5 5,200 5,100
Debtors 6 14,419 2,695
Cash at bank and in hand 5,332 5,497
24,951 13,292
Creditors: Amounts falling due within one year 7 (26,592 ) (14,364 )
NET CURRENT ASSETS (LIABILITIES) (1,641 ) (1,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,480 881
PROVISIONS FOR LIABILITIES
Deferred tax 8 (780 ) (488 )
NET ASSETS 700 393
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 600 293
SHAREHOLDERS' FUNDS 700 393
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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 G B Pinder
Director
28 April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G B Pinder Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06686209 . The registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
2.2. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided at the following rate:
Tools & Equipment 20% reducing balance
Motor Vehicles 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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2.4. Stocks and Work in Progress
Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.5. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.6. Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
  • The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
  • Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
 Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.7. Pensions
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.8. Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.10. Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.11. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible assets
Tools & Equipment Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 11,570 12,329 23,899
Additions 1,817 - 1,817
As at 31 August 2024 13,387 12,329 25,716
Depreciation
As at 1 September 2023 9,781 12,165 21,946
Provided during the period 608 41 649
As at 31 August 2024 10,389 12,206 22,595
Net Book Value
As at 31 August 2024 2,998 123 3,121
As at 1 September 2023 1,789 164 1,953
5. Stock
2024 2023
£ £
Stock 5,200 5,100
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,266 340
Prepayments and accrued income 210 156
CIS Tax Control (899 ) 268
Directors' loan accounts 9,842 1,931
14,419 2,695
Included within debtors due within one year is a loan to G Pinder, a director, amounting to £9,842 (2023 - £1,931). No interest has been charged on this loan.
7. Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 4,327 2,506
Other creditors 13,138 3,715
Taxation and social security 9,127 8,143
26,592 14,364
8. Deferred tax
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 780 488
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the company to the fund and amounted to £5,860 (2023 - £4,320).
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