Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09559029 Dr A Smith Mrs S Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09559029 2024-03-31 09559029 2025-03-31 09559029 2024-04-01 2025-03-31 09559029 frs-core:CurrentFinancialInstruments 2025-03-31 09559029 frs-core:PlantMachinery 2025-03-31 09559029 frs-core:PlantMachinery 2024-04-01 2025-03-31 09559029 frs-core:PlantMachinery 2024-03-31 09559029 frs-core:ShareCapital 2025-03-31 09559029 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09559029 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09559029 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09559029 frs-bus:SmallEntities 2024-04-01 2025-03-31 09559029 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09559029 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09559029 frs-bus:Director1 2024-04-01 2025-03-31 09559029 frs-bus:Director2 2024-04-01 2025-03-31 09559029 frs-countries:EnglandWales 2024-04-01 2025-03-31 09559029 2023-03-31 09559029 2024-03-31 09559029 2023-04-01 2024-03-31 09559029 frs-core:CurrentFinancialInstruments 2024-03-31 09559029 frs-core:ShareCapital 2024-03-31 09559029 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09559029
Glenton Smith Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09559029
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,559 3,345
2,559 3,345
CURRENT ASSETS
Debtors 5 48,277 41,002
Cash at bank and in hand 216,196 216,457
264,473 257,459
Creditors: Amounts Falling Due Within One Year 6 (44,909 ) (38,660 )
NET CURRENT ASSETS (LIABILITIES) 219,564 218,799
TOTAL ASSETS LESS CURRENT LIABILITIES 222,123 222,144
PROVISIONS FOR LIABILITIES
Deferred Taxation (487 ) (636 )
NET ASSETS 221,636 221,508
CAPITAL AND RESERVES
Called up share capital 7 20 20
Profit and Loss Account 221,616 221,488
SHAREHOLDERS' FUNDS 221,636 221,508
For the year ending 31 March 2025 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
Mrs S Smith
Director
21/05/2025
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
Glenton Smith Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09559029 . The registered office is CROFT HOUSE, SOTWELL STREET, BRIGHTWELL CUM SOTWELL, OX10 0RJ.
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 3 years straight line
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. 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.
2.6. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 7,070
Additions 964
As at 31 March 2025 8,034
Depreciation
As at 1 April 2024 3,725
Provided during the period 1,750
As at 31 March 2025 5,475
Net Book Value
As at 31 March 2025 2,559
As at 1 April 2024 3,345
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,956 13,017
Prepayments and accrued income 38,962 27,907
Other debtors 359 78
48,277 41,002
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,115 68
Other creditors 20,932 18,469
Taxation and social security 22,862 20,123
44,909 38,660
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
Page 3