Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2022 1 December 2021 false 1 December 2022 28 November 2023 28 November 2023 10987104 Mr Dilraj Rai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10987104 2022-11-30 10987104 2023-11-28 10987104 2022-12-01 2023-11-28 10987104 frs-core:CurrentFinancialInstruments 2023-11-28 10987104 frs-core:PlantMachinery 2023-11-28 10987104 frs-core:PlantMachinery 2022-12-01 2023-11-28 10987104 frs-core:PlantMachinery 2022-11-30 10987104 frs-core:ShareCapital 2023-11-28 10987104 frs-core:RetainedEarningsAccumulatedLosses 2023-11-28 10987104 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-28 10987104 frs-bus:FilletedAccounts 2022-12-01 2023-11-28 10987104 frs-bus:SmallEntities 2022-12-01 2023-11-28 10987104 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-28 10987104 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-28 10987104 frs-bus:Director1 2022-12-01 2023-11-28 10987104 frs-countries:EnglandWales 2022-12-01 2023-11-28 10987104 2021-11-30 10987104 2022-11-30 10987104 2021-12-01 2022-11-30 10987104 frs-core:CurrentFinancialInstruments 2022-11-30 10987104 frs-core:ShareCapital 2022-11-30 10987104 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10987104
Gve Servicing Limited
Unaudited Financial Statements
For The Year Ended 28 November 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10987104
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 125,565 140,042
Cash at bank and in hand 100 3,399
125,665 143,441
Creditors: Amounts Falling Due Within One Year 6 (365,778 ) (199,571 )
NET CURRENT ASSETS (LIABILITIES) (240,113 ) (56,130 )
TOTAL ASSETS LESS CURRENT LIABILITIES (240,113 ) (56,130 )
NET LIABILITIES (240,113 ) (56,130 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (240,213 ) (56,230 )
SHAREHOLDERS' FUNDS (240,113) (56,130)
For the year ending 28 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Dilraj Rai
Director
19/05/2025
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
Gve Servicing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10987104 . The registered office is Unit 15 Tradecity, Cowley Mill Road,, Uxbridge, Middlesex, UB8 2DB.
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. Going Concern Disclosure
The company's balance sheet shows a net deficit shareholders fund position.  However, the director's have received confirmation from the shareholders of their continued financial support for the forseeable future and for at least 12 months from the date of signature of these accounts.  
2.3. 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.
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:
Plant & Machinery 50% on cost
2.5. 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.
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.
2.6. 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: 8 (2022: 8)
8 8
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 3,896
As at 28 November 2023 3,896
Depreciation
As at 1 December 2022 3,896
As at 28 November 2023 3,896
...CONTINUED
Page 2
Page 3
Net Book Value
As at 28 November 2023 -
As at 1 December 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 41,850 22,247
Amounts owed by group undertakings 22,274 6,649
Other debtors 61,441 111,146
125,565 140,042
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 162,192 135,767
Bank loans and overdrafts 550 -
Amounts owed to group undertakings 158,992 69,285
Other creditors 3,300 3,588
Taxation and social security 40,744 (9,069 )
365,778 199,571
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3