Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02723465 Mr A Golding Mrs J Golding Mrs J Golding iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02723465 2023-12-31 02723465 2024-12-31 02723465 2024-01-01 2024-12-31 02723465 frs-core:MotorVehicles 2024-01-01 2024-12-31 02723465 frs-core:PlantMachinery 2024-01-01 2024-12-31 02723465 frs-core:ShareCapital 2024-12-31 02723465 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02723465 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02723465 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 02723465 frs-bus:SmallEntities 2024-01-01 2024-12-31 02723465 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02723465 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02723465 frs-bus:Director1 2024-01-01 2024-12-31 02723465 frs-bus:Director1 2023-12-31 02723465 frs-bus:Director1 2024-12-31 02723465 frs-bus:Director2 2024-01-01 2024-12-31 02723465 frs-bus:Director2 2023-12-31 02723465 frs-bus:Director2 2024-12-31 02723465 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02723465 frs-countries:EnglandWales 2024-01-01 2024-12-31 02723465 2022-12-31 02723465 2023-12-31 02723465 2023-01-01 2023-12-31 02723465 frs-core:ShareCapital 2023-12-31 02723465 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02723465
Gainsmore (U.K.) Ltd.
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Abridged Balance Sheet
Registered number: 02723465
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,674 21,088
16,674 21,088
CURRENT ASSETS
Debtors 30,700 29,692
Cash at bank and in hand 231,889 252,625
262,589 282,317
Creditors: Amounts Falling Due Within One Year (18,024 ) (16,287 )
NET CURRENT ASSETS (LIABILITIES) 244,565 266,030
TOTAL ASSETS LESS CURRENT LIABILITIES 261,239 287,118
NET ASSETS 261,239 287,118
CAPITAL AND RESERVES
Called up share capital 5 530 530
Profit and Loss Account 260,709 286,588
SHAREHOLDERS' FUNDS 261,239 287,118
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 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 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr A Golding
Director
Mrs J Golding
Director
30/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Gainsmore (U.K.) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02723465 . The registered office is Ty Du Farm, Clyne, Neath, West Glamorgan, SA11 4BW.
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. 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 20% reducing balance
Motor Vehicles 25% reducing balance
2.4. 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: 4 (2023: 3)
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Page 2
Page 3
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 52,291
As at 31 December 2024 52,291
Depreciation
As at 1 January 2024 31,203
Provided during the period 4,414
As at 31 December 2024 35,617
Net Book Value
As at 31 December 2024 16,674
As at 1 January 2024 21,088
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 530 530
6. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Alan Golding 1,282 20,402 18,554 - 3,130
Mrs Julie Golding 1,281 20,402 18,554 - 3,130
The above loan is unsecured, interest free and repayable on demand.
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