Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12201037 Mr Ben Keeble Mr Ben Keeble iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12201037 2023-09-30 12201037 2024-09-30 12201037 2023-10-01 2024-09-30 12201037 frs-core:CurrentFinancialInstruments 2024-09-30 12201037 frs-core:ComputerEquipment 2024-09-30 12201037 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12201037 frs-core:ComputerEquipment 2023-09-30 12201037 frs-core:MotorVehicles 2024-09-30 12201037 frs-core:MotorVehicles 2023-10-01 2024-09-30 12201037 frs-core:MotorVehicles 2023-09-30 12201037 frs-core:PlantMachinery 2024-09-30 12201037 frs-core:PlantMachinery 2023-10-01 2024-09-30 12201037 frs-core:PlantMachinery 2023-09-30 12201037 frs-core:ShareCapital 2024-09-30 12201037 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12201037 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12201037 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12201037 frs-bus:SmallEntities 2023-10-01 2024-09-30 12201037 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12201037 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12201037 frs-core:DeferredTaxation 2023-10-01 2024-09-30 12201037 frs-core:DeferredTaxation 2023-09-30 12201037 frs-core:DeferredTaxation 2024-09-30 12201037 frs-bus:Director1 2023-10-01 2024-09-30 12201037 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 12201037 frs-countries:EnglandWales 2023-10-01 2024-09-30 12201037 2022-09-30 12201037 2023-09-30 12201037 2022-10-01 2023-09-30 12201037 frs-core:CurrentFinancialInstruments 2023-09-30 12201037 frs-core:ShareCapital 2023-09-30 12201037 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12201037
B Keeble Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12201037
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,449 30,775
21,449 30,775
CURRENT ASSETS
Stocks 5 7,648 4,044
Debtors 6 4,774 29,591
Cash at bank and in hand 31,662 14,209
44,084 47,844
Creditors: Amounts Falling Due Within One Year 7 (33,344 ) (52,957 )
NET CURRENT ASSETS (LIABILITIES) 10,740 (5,113 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,189 25,662
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (5,362 ) (5,847 )
NET ASSETS 26,827 19,815
CAPITAL AND RESERVES
Called up share capital 10 120 120
Profit and Loss Account 26,707 19,695
SHAREHOLDERS' FUNDS 26,827 19,815
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ben Keeble
Director
16th June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
B Keeble Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12201037 . The registered office is 24 Elm Road, Ipswich, Suffolk, IP5 1AJ.
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% of cost
Motor Vehicles 25% of cost
Computer Equipment 33% of cost
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 4,499 46,445 981 51,925
Additions 959 - - 959
As at 30 September 2024 5,458 46,445 981 52,884
Depreciation
As at 1 October 2023 2,686 17,487 977 21,150
Provided during the period 994 9,289 2 10,285
As at 30 September 2024 3,680 26,776 979 31,435
Net Book Value
As at 30 September 2024 1,778 19,669 2 21,449
As at 1 October 2023 1,813 28,958 4 30,775
5. Stocks
2024 2023
£ £
Stock 7,648 4,044
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,143 27,059
Prepayments and accrued income 631 652
VAT - 1,880
4,774 29,591
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,760 20,136
Corporation tax 11,000 6,443
Other taxes and social security 1,367 1,357
VAT 4,220 -
Net wages - 3,745
Other creditors 146 133
Accruals and deferred income 595 500
Director's loan account 8,256 20,643
33,344 52,957
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,362 5,847
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 5,847 5,847
Reversals (485 ) (485)
Balance at 30 September 2024 5,362 5,362
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Ben Keeble 28,807 23,100
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