Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09170765 Mr Frank Onipede Ms Oluwadamini Dele-Oladipupo Mr Frank Onipede iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09170765 2023-08-31 09170765 2024-08-31 09170765 2023-09-01 2024-08-31 09170765 frs-core:CurrentFinancialInstruments 2024-08-31 09170765 frs-core:Non-currentFinancialInstruments 2024-08-31 09170765 frs-core:OtherReservesSubtotal 2024-08-31 09170765 frs-core:ShareCapital 2024-08-31 09170765 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09170765 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09170765 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09170765 frs-bus:SmallEntities 2023-09-01 2024-08-31 09170765 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09170765 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09170765 frs-bus:Director1 2023-09-01 2024-08-31 09170765 frs-bus:Director2 2023-09-01 2024-08-31 09170765 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 09170765 frs-countries:EnglandWales 2023-09-01 2024-08-31 09170765 2022-08-31 09170765 2023-08-31 09170765 2022-09-01 2023-08-31 09170765 frs-core:CurrentFinancialInstruments 2023-08-31 09170765 frs-core:Non-currentFinancialInstruments 2023-08-31 09170765 frs-core:OtherReservesSubtotal 2023-08-31 09170765 frs-core:ShareCapital 2023-08-31 09170765 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09170765
G&B Homes Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
DEM Services & Co Ltd
ACMA
44 Prince Avenue
Southend-On-Sea
United Kingdom
SS2 6NN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09170765
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,276,072 2,276,072
Debtors 5 388,215 388,215
Cash at bank and in hand 2,617 57
2,666,904 2,664,344
Creditors: Amounts Falling Due Within One Year 6 (502,398 ) (522,186 )
NET CURRENT ASSETS (LIABILITIES) 2,164,506 2,142,158
TOTAL ASSETS LESS CURRENT LIABILITIES 2,164,506 2,142,158
Creditors: Amounts Falling Due After More Than One Year 7 (2,357,603 ) (2,331,086 )
NET LIABILITIES (193,097 ) (188,928 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves (31,290 ) (31,290 )
Profit and Loss Account (161,907 ) (157,738 )
SHAREHOLDERS' FUNDS (193,097) (188,928)
For the year ending 31 August 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 Frank Onipede
Director
31/05/2025
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
G&B Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09170765 . The registered office is Ceme Innovation Centre Studio 9a, Marsh Way, Rainham, Essex, RM13 8EU.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Stock 2,276,072 2,276,072
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 388,215 388,215
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,800 1,500
Other creditors 499,598 520,686
502,398 522,186
Page 2
Page 3
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 49,274 -
Other creditors 2,308,329 2,331,086
2,357,603 2,331,086
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3