Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 NI007988 Mrs Beverley Bell Mr Samuel Bell Mr Samuel Bell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI007988 2023-07-31 NI007988 2024-07-31 NI007988 2023-08-01 2024-07-31 NI007988 frs-core:CurrentFinancialInstruments 2024-07-31 NI007988 frs-core:Non-currentFinancialInstruments 2024-07-31 NI007988 frs-core:FurnitureFittings 2024-07-31 NI007988 frs-core:FurnitureFittings 2023-08-01 2024-07-31 NI007988 frs-core:FurnitureFittings 2023-07-31 NI007988 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 NI007988 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 NI007988 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 NI007988 frs-core:MotorVehicles 2024-07-31 NI007988 frs-core:MotorVehicles 2023-08-01 2024-07-31 NI007988 frs-core:MotorVehicles 2023-07-31 NI007988 frs-core:ShareCapital 2024-07-31 NI007988 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI007988 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI007988 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 NI007988 frs-bus:SmallEntities 2023-08-01 2024-07-31 NI007988 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 NI007988 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 NI007988 frs-core:ListedExchangeTraded 2024-07-31 NI007988 frs-core:ListedExchangeTraded 2023-07-31 NI007988 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-07-31 NI007988 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-07-31 NI007988 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 NI007988 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-07-31 NI007988 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 NI007988 frs-bus:Director1 2023-08-01 2024-07-31 NI007988 frs-bus:Director2 2023-08-01 2024-07-31 NI007988 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 NI007988 frs-countries:NorthernIreland 2023-08-01 2024-07-31 NI007988 2022-07-31 NI007988 2023-07-31 NI007988 2022-08-01 2023-07-31 NI007988 frs-core:CurrentFinancialInstruments 2023-07-31 NI007988 frs-core:Non-currentFinancialInstruments 2023-07-31 NI007988 frs-core:ShareCapital 2023-07-31 NI007988 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: NI007988
G.A. Smythe (Business Machines) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI007988
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,188 71,840
Investments 5 259 196
78,447 72,036
CURRENT ASSETS
Stocks 6 28,415 29,237
Debtors 7 40,499 41,026
Cash at bank and in hand 8,410 35,751
77,324 106,014
Creditors: Amounts Falling Due Within One Year 8 (58,922 ) (58,894 )
NET CURRENT ASSETS (LIABILITIES) 18,402 47,120
TOTAL ASSETS LESS CURRENT LIABILITIES 96,849 119,156
Creditors: Amounts Falling Due After More Than One Year 9 (4,932 ) -
NET ASSETS 91,917 119,156
CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Profit and Loss Account 76,917 104,156
SHAREHOLDERS' FUNDS 91,917 119,156
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For the year ending 31 July 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
Mrs Beverley Bell
Director
Mr Samuel Bell
Director
18 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G.A. Smythe (Business Machines) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI007988 . The registered office is Unit B6, Harbour Court, Heron Road, Airport Road West, BT3 9HB.
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:
Leasehold 5% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 127,236 12,795 55,135 195,166
Additions - 18,750 - 18,750
Disposals - (12,795 ) - (12,795 )
As at 31 July 2024 127,236 18,750 55,135 201,121
Depreciation
As at 1 August 2023 57,250 11,530 54,546 123,326
Provided during the period 6,361 4,688 88 11,137
Disposals - (11,530 ) - (11,530 )
As at 31 July 2024 63,611 4,688 54,634 122,933
Net Book Value
As at 31 July 2024 63,625 14,062 501 78,188
As at 1 August 2023 69,986 1,265 589 71,840
5. Investments
Listed
£
Cost
As at 1 August 2023 196
Revaluations 63
As at 31 July 2024 259
Provision
As at 1 August 2023 -
As at 31 July 2024 -
...CONTINUED
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Net Book Value
As at 31 July 2024 259
As at 1 August 2023 196
6. Stocks
2024 2023
£ £
Stock 28,415 29,237
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,759 29,588
Prepayments and accrued income 11,010 10,696
Other debtors 730 742
40,499 41,026
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,735 -
Trade creditors 15,558 19,051
Other taxes and social security 8,597 8,668
Other creditors 4,105 4,105
Accruals and deferred income 20,810 23,124
Directors' loan accounts 5,117 3,946
58,922 58,894
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,932 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,000 15,000
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11. Related Party Transactions
Contained within other creditors are amounts owing to both directors.
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