Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10190794 Mr James Morris Mrs Kylie Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10190794 2023-12-31 10190794 2024-12-31 10190794 2024-01-01 2024-12-31 10190794 frs-core:CurrentFinancialInstruments 2024-12-31 10190794 frs-core:Non-currentFinancialInstruments 2024-12-31 10190794 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10190794 frs-core:FurnitureFittings 2024-12-31 10190794 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10190794 frs-core:FurnitureFittings 2023-12-31 10190794 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 10190794 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10190794 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 10190794 frs-core:MotorVehicles 2024-12-31 10190794 frs-core:MotorVehicles 2024-01-01 2024-12-31 10190794 frs-core:MotorVehicles 2023-12-31 10190794 frs-core:PlantMachinery 2024-12-31 10190794 frs-core:PlantMachinery 2024-01-01 2024-12-31 10190794 frs-core:PlantMachinery 2023-12-31 10190794 frs-core:ShareCapital 2024-12-31 10190794 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10190794 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10190794 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10190794 frs-bus:SmallEntities 2024-01-01 2024-12-31 10190794 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10190794 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10190794 frs-bus:Director1 2024-01-01 2024-12-31 10190794 frs-bus:Director2 2024-01-01 2024-12-31 10190794 frs-countries:EnglandWales 2024-01-01 2024-12-31 10190794 2022-12-31 10190794 2023-12-31 10190794 2023-01-01 2023-12-31 10190794 frs-core:CurrentFinancialInstruments 2023-12-31 10190794 frs-core:Non-currentFinancialInstruments 2023-12-31 10190794 frs-core:ShareCapital 2023-12-31 10190794 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Ginger Innovations Ltd.
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10190794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 169,923 170,612
169,923 170,612
CURRENT ASSETS
Debtors 5 189,788 101,443
Cash at bank and in hand 44,099 37,180
233,887 138,623
Creditors: Amounts Falling Due Within One Year 6 (70,497 ) (64,136 )
NET CURRENT ASSETS (LIABILITIES) 163,390 74,487
TOTAL ASSETS LESS CURRENT LIABILITIES 333,313 245,099
Creditors: Amounts Falling Due After More Than One Year 7 (5,033 ) (10,022 )
NET ASSETS 328,280 235,077
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 328,279 235,076
SHAREHOLDERS' FUNDS 328,280 235,077
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.
On behalf of the board
Mr James Morris
Director
31 March 2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ginger Innovations Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10190794 . The registered office is 9 Norton Road, Pelsall, Walsall, West Midlands, WS3 4AY.
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 derives from the rendering of services. Turnover is reduced for estimated  rebates and other similar allowances.
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:
Freehold Written off over 12 years
Plant & Machinery 25% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 72,897 77,348 27,932 70,199 248,376
Additions - 1,299 24,740 11,697 37,736
As at 31 December 2024 72,897 78,647 52,672 81,896 286,112
Depreciation
As at 1 January 2024 5,793 42,542 2,606 26,823 77,764
Provided during the period 7,290 9,026 10,238 11,871 38,425
As at 31 December 2024 13,083 51,568 12,844 38,694 116,189
Net Book Value
As at 31 December 2024 59,814 27,079 39,828 43,202 169,923
As at 1 January 2024 67,104 34,806 25,326 43,376 170,612
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 184,556 95,476
Prepayments and accrued income 4,972 5,967
Directors' loan accounts 260 -
189,788 101,443
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2 ) 883
Bank loans and overdrafts 5,324 5,324
Other taxes and social security 9,392 10,033
VAT 51,283 33,202
Accruals and deferred income 4,500 13,768
Directors' loan accounts - 926
70,497 64,136
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,033 10,022
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Financial Instruments
There are no financial instruments that need reporting here.
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