Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02137097 Mr J A Nichols Mr S J Gadsby Mr S J Gadsby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02137097 2023-12-31 02137097 2024-12-31 02137097 2024-01-01 2024-12-31 02137097 frs-core:CurrentFinancialInstruments 2024-12-31 02137097 frs-core:BetweenOneFiveYears 2024-12-31 02137097 frs-core:FurnitureFittings 2024-12-31 02137097 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02137097 frs-core:FurnitureFittings 2023-12-31 02137097 frs-core:NetGoodwill 2024-12-31 02137097 frs-core:NetGoodwill 2024-01-01 2024-12-31 02137097 frs-core:NetGoodwill 2023-12-31 02137097 frs-core:SharePremium 2024-12-31 02137097 frs-core:ShareCapital 2024-12-31 02137097 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02137097 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02137097 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02137097 frs-bus:SmallEntities 2024-01-01 2024-12-31 02137097 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02137097 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02137097 frs-core:CostValuation 2023-12-31 02137097 frs-core:CostValuation 2024-12-31 02137097 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 02137097 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 02137097 frs-bus:Director1 2024-01-01 2024-12-31 02137097 frs-bus:Director2 2024-01-01 2024-12-31 02137097 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02137097 frs-countries:EnglandWales 2024-01-01 2024-12-31 02137097 2022-12-31 02137097 2023-12-31 02137097 2023-01-01 2023-12-31 02137097 frs-core:CurrentFinancialInstruments 2023-12-31 02137097 frs-core:BetweenOneFiveYears 2023-12-31 02137097 frs-core:SharePremium 2023-12-31 02137097 frs-core:ShareCapital 2023-12-31 02137097 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02137097
Gadsby Orridge Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02137097
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,016 3,660
Investments 6 2 2
2,018 3,662
CURRENT ASSETS
Stocks 56,105 76,885
Debtors 7 59,262 35,606
Cash at bank and in hand 103,242 96,472
218,609 208,963
Creditors: Amounts Falling Due Within One Year 8 (63,368 ) (66,990 )
NET CURRENT ASSETS (LIABILITIES) 155,241 141,973
TOTAL ASSETS LESS CURRENT LIABILITIES 157,259 145,635
PROVISIONS FOR LIABILITIES
Deferred Taxation (383 ) (695 )
NET ASSETS 156,876 144,940
CAPITAL AND RESERVES
Called up share capital 1,333 1,333
Share premium account 19,667 19,667
Profit and Loss Account 135,876 123,940
SHAREHOLDERS' FUNDS 156,876 144,940
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For the year ending 31 December 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 S J Gadsby
Director
20 May 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
Gadsby Orridge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02137097 . The registered office is 21 Iron Gate, Derby, DE1 3GP.
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 estimated customer returns, 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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 20% - 33.3% straight line
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2.7. Pensions
Payments to defined contribution retirement schemes are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 44,000
As at 31 December 2024 44,000
Amortisation
As at 1 January 2024 44,000
As at 31 December 2024 44,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 18,452
Disposals (625 )
As at 31 December 2024 17,827
Depreciation
As at 1 January 2024 14,792
Provided during the period 1,642
Disposals (623 )
As at 31 December 2024 15,811
Net Book Value
As at 31 December 2024 2,016
As at 1 January 2024 3,660
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6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 2
As at 31 December 2024 2
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 2
As at 1 January 2024 2
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,898 21,958
Other debtors 14,364 13,648
59,262 35,606
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,568 4,703
Amounts owed to group undertakings 2 2
Other creditors 10,695 8,784
Taxation and social security 45,103 53,501
63,368 66,990
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Later than one year and not later than five years 525 6,452
525 6,452
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