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 SC398719 Mr Ibrahim Cam Mr Mahmut Sogukpinar Mr Wong true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC398719 2023-12-31 SC398719 2024-12-31 SC398719 2024-01-01 2024-12-31 SC398719 frs-core:CurrentFinancialInstruments 2024-12-31 SC398719 frs-core:Non-currentFinancialInstruments 2024-12-31 SC398719 frs-core:ComputerEquipment 2024-12-31 SC398719 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC398719 frs-core:ComputerEquipment 2023-12-31 SC398719 frs-core:FurnitureFittings 2024-12-31 SC398719 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC398719 frs-core:FurnitureFittings 2023-12-31 SC398719 frs-core:ShareCapital 2024-12-31 SC398719 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC398719 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC398719 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC398719 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC398719 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC398719 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC398719 1 2024-01-01 2024-12-31 SC398719 frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC398719 frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC398719 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC398719 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC398719 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC398719 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC398719 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC398719 frs-bus:Director1 2024-01-01 2024-12-31 SC398719 frs-bus:Director2 2024-01-01 2024-12-31 SC398719 frs-countries:Scotland 2024-01-01 2024-12-31 SC398719 2022-12-31 SC398719 2023-12-31 SC398719 2023-01-01 2023-12-31 SC398719 frs-core:CurrentFinancialInstruments 2023-12-31 SC398719 frs-core:Non-currentFinancialInstruments 2023-12-31 SC398719 frs-core:ShareCapital 2023-12-31 SC398719 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC398719
GCL International Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC398719
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 659 -
Investments 5 542,553 514,418
543,212 514,418
CURRENT ASSETS
Debtors 6 75,277 122,847
Cash at bank and in hand 4,932 19,728
80,209 142,575
Creditors: Amounts Falling Due Within One Year 7 (310,844 ) (268,331 )
NET CURRENT ASSETS (LIABILITIES) (230,635 ) (125,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 312,577 388,662
Creditors: Amounts Falling Due After More Than One Year 8 (374,645 ) (374,645 )
NET (LIABILITIES)/ASSETS (62,068 ) 14,017
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (62,168 ) 13,917
SHAREHOLDERS' FUNDS (62,068) 14,017
Page 1
Page 2
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 Ibrahim Cam
Director
06/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GCL International Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC398719 . The registered office is 21 Lansdowne Crescent, Edinburgh, EH12 5EH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 - 792 792
Additions 670 - 670
As at 31 December 2024 670 792 1,462
Depreciation
As at 1 January 2024 - 792 792
Provided during the period 11 - 11
As at 31 December 2024 11 792 803
Net Book Value
As at 31 December 2024 659 - 659
As at 1 January 2024 - - -
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Page 4
5. Investments
Unlisted
£
Cost
As at 1 January 2024 514,418
Additions 28,135
As at 31 December 2024 542,553
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 542,553
As at 1 January 2024 514,418
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,115 111,299
Other debtors 11,162 11,548
75,277 122,847
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 6,423
Other creditors 310,844 259,789
Taxation and social security - 2,119
310,844 268,331
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 374,645 374,645
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Wong by virtue of his ownership of 85% of the issued share capital in the company.
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