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 09373050 Mr Gavin Milligan Miss Alice Brooksbank iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09373050 2024-03-31 09373050 2025-03-31 09373050 2024-04-01 2025-03-31 09373050 frs-core:Non-currentFinancialInstruments 2025-03-31 09373050 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09373050 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 09373050 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09373050 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 09373050 frs-core:PlantMachinery 2024-04-01 2025-03-31 09373050 frs-core:ShareCapital 2025-03-31 09373050 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09373050 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09373050 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 09373050 frs-bus:SmallEntities 2024-04-01 2025-03-31 09373050 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09373050 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09373050 frs-bus:Director1 2024-04-01 2025-03-31 09373050 frs-bus:Director1 2024-03-31 09373050 frs-bus:Director1 2025-03-31 09373050 frs-bus:Director2 2024-04-01 2025-03-31 09373050 frs-countries:EnglandWales 2024-04-01 2025-03-31 09373050 2023-03-31 09373050 2024-03-31 09373050 2023-04-01 2024-03-31 09373050 frs-core:Non-currentFinancialInstruments 2024-03-31 09373050 frs-core:ShareCapital 2024-03-31 09373050 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09373050
GEM Compliance Training Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
TaxAssist Accountants
30 North Street
Keighley
BD21 3SE
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 09373050
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,544 9,627
Tangible Assets 5 4,677 6,630
13,221 16,257
CURRENT ASSETS
Stocks 11,000 9,365
Debtors 237,357 84,141
Cash at bank and in hand 86,496 18,344
334,853 111,850
Creditors: Amounts Falling Due Within One Year (286,203 ) (187,922 )
NET CURRENT ASSETS (LIABILITIES) 48,650 (76,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 61,871 (59,815 )
Creditors: Amounts Falling Due After More Than One Year (112,442 ) (78,250 )
NET LIABILITIES (50,571 ) (138,065 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (50,572 ) (138,066 )
SHAREHOLDERS' FUNDS (50,571) (138,065)
Page 1
Page 2
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gavin Milligan
Director
30th May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
GEM Compliance Training Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09373050 . The registered office is 27-29 Chapel Street, Bradford, West Yorkshire, BD1 5DT.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Leasehold Straight line over 2.5 years
Plant & Machinery 20% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 9)
11 9
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4. Intangible Assets
Total
£
Cost
As at 1 April 2024 10,836
As at 31 March 2025 10,836
Amortisation
As at 1 April 2024 1,209
Provided during the period 1,083
As at 31 March 2025 2,292
Net Book Value
As at 31 March 2025 8,544
As at 1 April 2024 9,627
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 31,064
Additions 1,264
As at 31 March 2025 32,328
Depreciation
As at 1 April 2024 24,434
Provided during the period 3,217
As at 31 March 2025 27,651
Net Book Value
As at 31 March 2025 4,677
As at 1 April 2024 6,630
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Gavin Milligan 8,569 9,481 - - 18,050
The above loan is unsecured and repayable on demand.
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