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 08140752 Miss Emma Moss Mr Colin Stainer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08140752 2023-08-31 08140752 2024-08-31 08140752 2023-09-01 2024-08-31 08140752 frs-core:CurrentFinancialInstruments 2024-08-31 08140752 frs-core:Non-currentFinancialInstruments 2024-08-31 08140752 frs-core:FurnitureFittings 2024-08-31 08140752 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08140752 frs-core:FurnitureFittings 2023-08-31 08140752 frs-core:MotorVehicles 2024-08-31 08140752 frs-core:MotorVehicles 2023-09-01 2024-08-31 08140752 frs-core:MotorVehicles 2023-08-31 08140752 frs-core:PlantMachinery 2024-08-31 08140752 frs-core:PlantMachinery 2023-09-01 2024-08-31 08140752 frs-core:PlantMachinery 2023-08-31 08140752 frs-core:ShareCapital 2024-08-31 08140752 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08140752 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08140752 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08140752 frs-bus:SmallEntities 2023-09-01 2024-08-31 08140752 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08140752 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08140752 frs-bus:Director1 2023-09-01 2024-08-31 08140752 frs-bus:Director2 2023-09-01 2024-08-31 08140752 frs-countries:EnglandWales 2023-09-01 2024-08-31 08140752 2022-08-31 08140752 2023-08-31 08140752 2022-09-01 2023-08-31 08140752 frs-core:CurrentFinancialInstruments 2023-08-31 08140752 frs-core:Non-currentFinancialInstruments 2023-08-31 08140752 frs-core:ShareCapital 2023-08-31 08140752 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08140752
Glulam Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Hub Accountants Limited
Chartered Accountants
1C Fridays Court
3-5 High Street
Ringwood
Hampshire
BH24 1AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08140752
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 492,848 468,101
492,848 468,101
CURRENT ASSETS
Stocks 5 107,000 168,000
Debtors 6 309,665 229,673
Cash at bank and in hand 194,046 306,479
610,711 704,152
Creditors: Amounts Falling Due Within One Year 7 (368,340 ) (460,299 )
NET CURRENT ASSETS (LIABILITIES) 242,371 243,853
TOTAL ASSETS LESS CURRENT LIABILITIES 735,219 711,954
Creditors: Amounts Falling Due After More Than One Year 8 (130,692 ) (117,924 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (83,168 ) (74,426 )
NET ASSETS 521,359 519,604
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 521,259 519,504
SHAREHOLDERS' FUNDS 521,359 519,604
Page 1
Page 2
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 Colin Stainer
Director
12th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Glulam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08140752 . The registered office is Unit 1 Hound Farm, Hound Road, Netley Abbey, Southampton, SO31 5FS.
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 represents amounts receivable for goods sold net of VAT.
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 10% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight line
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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 456,781 403,758 20,247 880,786
Additions 23,965 177,459 1,025 202,449
Disposals - (136,015 ) - (136,015 )
As at 31 August 2024 480,746 445,202 21,272 947,220
Depreciation
As at 1 September 2023 200,843 202,343 9,499 412,685
...CONTINUED
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Provided during the period 69,976 32,211 2,944 105,131
Disposals - (63,444 ) - (63,444 )
As at 31 August 2024 270,819 171,110 12,443 454,372
Net Book Value
As at 31 August 2024 209,927 274,092 8,829 492,848
As at 1 September 2023 255,938 201,415 10,748 468,101
5. Stocks
2024 2023
£ £
Materials 107,000 168,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 219,644 226,308
Prepayments and accrued income 9,378 2,022
Corporation tax recoverable assets - 1,343
Directors' loan accounts 80,643 -
309,665 229,673
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,058 62,000
Trade creditors 94,766 87,834
Bank loans and overdrafts 27,196 30,196
Corporation tax 33,609 66,841
Other taxes and social security 2,281 1,742
VAT 60,588 73,898
Other creditors 92,926 118,719
Accruals and deferred income 1,916 2,215
Directors' loan accounts - 16,854
368,340 460,299
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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 105,844 68,828
Bank loans 24,848 49,096
130,692 117,924
9. Secured Creditors
Of the creditors the following amounts are secured.
Hire purchase creditors are secured on the assets to which they relate.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 160,902 130,828
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 91,500 68,000
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