Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 true No description of principal activity 1 January 2024 31 December 2024 31 December 2024 07945413 Mr M B Catargiu Mr V V Salciuc iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07945413 2023-12-31 07945413 2024-12-31 07945413 2024-01-01 2024-12-31 07945413 frs-core:CurrentFinancialInstruments 2024-12-31 07945413 frs-core:Non-currentFinancialInstruments 2024-12-31 07945413 frs-core:BetweenOneFiveYears 2024-12-31 07945413 frs-core:ComputerEquipment 2024-12-31 07945413 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07945413 frs-core:ComputerEquipment 2023-12-31 07945413 frs-core:FurnitureFittings 2024-12-31 07945413 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07945413 frs-core:FurnitureFittings 2023-12-31 07945413 frs-core:MotorVehicles 2024-12-31 07945413 frs-core:MotorVehicles 2024-01-01 2024-12-31 07945413 frs-core:MotorVehicles 2023-12-31 07945413 frs-core:WithinOneYear 2024-12-31 07945413 frs-core:ShareCapital 2024-12-31 07945413 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07945413 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07945413 frs-bus:FullAccounts 2024-01-01 2024-12-31 07945413 frs-bus:SmallEntities 2024-01-01 2024-12-31 07945413 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07945413 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07945413 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 07945413 frs-core:UnlistedNon-exchangeTraded 2024-12-31 07945413 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07945413 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07945413 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07945413 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 07945413 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07945413 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07945413 frs-bus:Director1 2024-01-01 2024-12-31 07945413 frs-bus:Director2 2024-01-01 2024-12-31 07945413 3 2024-01-01 2024-12-31 07945413 frs-countries:EnglandWales 2024-01-01 2024-12-31 07945413 2022-12-31 07945413 2023-12-31 07945413 2023-01-01 2023-12-31 07945413 frs-core:CurrentFinancialInstruments 2023-12-31 07945413 frs-core:Non-currentFinancialInstruments 2023-12-31 07945413 frs-core:BetweenOneFiveYears 2023-12-31 07945413 frs-core:WithinOneYear 2023-12-31 07945413 frs-core:ShareCapital 2023-12-31 07945413 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07945413 3 2023-01-01 2023-12-31
Registered number: 07945413
Gateville Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—10
Page 1
Company Information
Directors Mr M B Catargiu
Mr V V Salciuc
Company Number 07945413
Registered Office 1 Bermer Place Imperial Way
Unit 1, First Floor
Watford
WD24 4AY
Accountants C.E. Hill & Co. Ltd
Chartered Accountants
Unit 6
Wheatley Business Centre
Wheatley
Oxford
OX33 1XW
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:
Mr M B Catargiu
Mr V V Salciuc
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr M B Catargiu
Director
28 May 2025
Page 2
Page 3
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Gateville Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gateville Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Gateville Limited , as a body, in accordance with the terms of our engagement letter dated 22 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Gateville Limited and state those matters that we have agreed to state to the directors of Gateville Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gateville Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Gateville Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Gateville Limited . You consider that Gateville Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Gateville Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
28 May 2025
C.E. Hill & Co. Ltd
Chartered Accountants
Unit 6
Wheatley Business Centre
Wheatley
Oxford
OX33 1XW
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 17,622,233 15,490,529
Cost of sales (15,000,558 ) (13,302,888 )
GROSS PROFIT 2,621,675 2,187,641
Administrative expenses (1,966,932 ) (1,696,437 )
Other operating income 195,682 85,714
OPERATING PROFIT 850,425 576,918
Fair value gains on investments 4,520 1,200
Profit on disposal of fixed assets 34,094 -
Other interest receivable and similar income 535 849
Interest payable and similar charges (92,750 ) (109,184 )
PROFIT BEFORE TAXATION 796,824 469,783
Tax on Profit (144,089 ) (57,576 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 652,735 412,207
The notes on pages 7 to 10 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 505,443 531,262
Investments 5 22,200 17,680
527,643 548,942
CURRENT ASSETS
Stocks 50,902 72,500
Debtors 6 2,474,431 2,943,739
Cash at bank and in hand 1,246,796 957,602
3,772,129 3,973,841
Creditors: Amounts Falling Due Within One Year 7 (2,392,743 ) (3,060,315 )
NET CURRENT ASSETS (LIABILITIES) 1,379,386 913,526
TOTAL ASSETS LESS CURRENT LIABILITIES 1,907,029 1,462,468
Creditors: Amounts Falling Due After More Than One Year 8 (243,890 ) (383,231 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (109,429 ) (112,012 )
NET ASSETS 1,553,710 967,225
CAPITAL AND RESERVES
Called up share capital 11 120 120
Profit and Loss Account 1,553,590 967,105
SHAREHOLDERS' FUNDS 1,553,710 967,225
Page 5
Page 6
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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr M B Catargiu
Director
28 May 2025
The notes on pages 7 to 10 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Gateville Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07945413 . The registered office is 1 Bermer Place Imperial Way, Unit 1, First Floor, Watford, WD24 4AY.
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 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. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
Page 7
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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 877,944 53,913 50,953 982,810
Additions 127,385 - 2,582 129,967
Disposals (96,993 ) - - (96,993 )
As at 31 December 2024 908,336 53,913 53,535 1,015,784
Depreciation
As at 1 January 2024 373,136 47,616 30,796 451,548
Provided during the period 57,570 1,546 5,676 64,792
Disposals (5,999 ) - - (5,999 )
As at 31 December 2024 424,707 49,162 36,472 510,341
Net Book Value
As at 31 December 2024 483,629 4,751 17,063 505,443
As at 1 January 2024 504,808 6,297 20,157 531,262
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5. Investments
Unlisted
£
Cost
As at 1 January 2024 17,680
Fair value adjustments 4,520
As at 31 December 2024 22,200
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 22,200
As at 1 January 2024 17,680
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,885,433 2,081,206
Amounts owed by group undertakings 69,909 -
Other debtors 519,089 862,533
2,474,431 2,943,739
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 100,467 95,296
Trade creditors 1,061,996 1,653,226
Amounts owed to group undertakings - 15,856
Other creditors 922,462 1,043,378
Taxation and social security 307,818 252,559
2,392,743 3,060,315
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 172,777 257,992
Other creditors 71,113 125,239
243,890 383,231
9. Secured Creditors
Of the creditors the following amounts are secured.
  1. The amount shown for other creditors includes the amount below which is secured by a first fixed charge over all assets of the company and a floating charge on all assets not subject to an effective fixed charge under the agreement. 
2024 2023
£ £
Other Creditors - 140,378
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 100,467 95,296
Later than one year and not later than five years 172,777 257,992
273,244 353,288
273,244 353,288
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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