Acorah Software Products - Accounts Production 16.3.350 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12003454 Ms Shabneez Dhuny iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12003454 2023-05-31 12003454 2024-05-31 12003454 2023-06-01 2024-05-31 12003454 frs-core:Non-currentFinancialInstruments 2024-05-31 12003454 frs-core:ShareCapital 2024-05-31 12003454 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12003454 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12003454 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12003454 frs-bus:SmallEntities 2023-06-01 2024-05-31 12003454 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12003454 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12003454 frs-bus:Director1 2023-06-01 2024-05-31 12003454 frs-core:Non-currentFinancialInstruments 5 2024-05-31 12003454 frs-countries:EnglandWales 2023-06-01 2024-05-31 12003454 2022-05-31 12003454 2023-05-31 12003454 2022-06-01 2023-05-31 12003454 frs-core:Non-currentFinancialInstruments 2023-05-31 12003454 frs-core:ShareCapital 2023-05-31 12003454 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 12003454 frs-core:Non-currentFinancialInstruments 5 2023-05-31
Registered number: 12003454
GENERAL TRADE FINANCE LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12003454
2024 2023
Notes $ $ $ $
CURRENT ASSETS
Debtors 4 378,569 690,169
Cash at bank and in hand 1 1
378,570 690,170
Creditors: Amounts Falling Due Within One Year 5 (377,807 ) (374,287 )
NET CURRENT ASSETS (LIABILITIES) 763 315,883
TOTAL ASSETS LESS CURRENT LIABILITIES 763 315,883
Creditors: Amounts Falling Due After More Than One Year 6 (72,215 ) (359,275 )
NET LIABILITIES (71,452 ) (43,392 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (71,453 ) (43,393 )
SHAREHOLDERS' FUNDS (71,452) (43,392)
For the year ending 31 May 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
Ms Shabneez Dhuny
Director
21/05/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
GENERAL TRADE FINANCE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12003454 . The registered office is Elscot House, Arcadia Avenue, London, N3 2JU.
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
These accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the ultimate owners of the company. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, and to provide for any further liabilities that may arise.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
$ $
Due within one year
Other debtors 378,569 373,733
Due after more than one year
Other debtors - 316,436
378,569 690,169
5. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Other creditors 377,807 374,287
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
$ $
Loan - Jacob Investment Company 72,215 359,275
7. Share Capital
2024 2023
$ $
Allotted, Called up and fully paid 1 1
Page 2