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 09775720 Mr Alex Meisl Mr Ben Cheston Mr Andrew Tait Ms Helen Cowing Alexander Meisl false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09775720 2023-09-30 09775720 2024-09-30 09775720 2023-10-01 2024-09-30 09775720 frs-core:CurrentFinancialInstruments 2024-09-30 09775720 frs-core:Non-currentFinancialInstruments 2024-09-30 09775720 frs-core:ComputerEquipment 2024-09-30 09775720 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09775720 frs-core:ComputerEquipment 2023-09-30 09775720 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 09775720 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-01 2024-09-30 09775720 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 09775720 frs-core:NetGoodwill 2024-09-30 09775720 frs-core:NetGoodwill 2023-10-01 2024-09-30 09775720 frs-core:NetGoodwill 2023-09-30 09775720 frs-core:SharePremium 2024-09-30 09775720 frs-core:ShareCapital 2024-09-30 09775720 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09775720 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09775720 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09775720 frs-bus:SmallEntities 2023-10-01 2024-09-30 09775720 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09775720 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09775720 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 09775720 frs-bus:OrdinaryShareClass2 2024-09-30 09775720 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-30 09775720 frs-bus:OrdinaryShareClass3 2024-09-30 09775720 1 2023-10-01 2024-09-30 09775720 frs-core:UnlistedNon-exchangeTraded 2024-09-30 09775720 frs-core:UnlistedNon-exchangeTraded 2023-09-30 09775720 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 09775720 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 09775720 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 09775720 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 09775720 frs-bus:Director1 2023-10-01 2024-09-30 09775720 frs-bus:Director2 2023-10-01 2024-09-30 09775720 frs-bus:Director3 2023-10-01 2024-09-30 09775720 frs-bus:Director4 2023-10-01 2024-09-30 09775720 frs-countries:EnglandWales 2023-10-01 2024-09-30 09775720 2022-09-30 09775720 2023-09-30 09775720 2022-10-01 2023-09-30 09775720 frs-core:CurrentFinancialInstruments 2023-09-30 09775720 frs-core:Non-currentFinancialInstruments 2023-09-30 09775720 frs-core:SharePremium 2023-09-30 09775720 frs-core:ShareCapital 2023-09-30 09775720 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09775720 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 09775720 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30
Registered number: 09775720
Greyhairworks Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Ten Forward Accounting Ltd
Chartered Certified Accountants
Suite 2A, 7th Floor
City Reach, 5 Greenwich View Place
London
E14 9NN
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 09775720
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,675 3,010
Investments 6 216 216
1,891 3,226
CURRENT ASSETS
Debtors 7 139,337 275,540
Cash at bank and in hand 99,505 93,697
238,842 369,237
Creditors: Amounts Falling Due Within One Year 8 (98,606 ) (319,283 )
NET CURRENT ASSETS (LIABILITIES) 140,236 49,954
TOTAL ASSETS LESS CURRENT LIABILITIES 142,127 53,180
Creditors: Amounts Falling Due After More Than One Year 9 (11,399 ) (21,480 )
NET ASSETS 130,728 31,700
CAPITAL AND RESERVES
Called up share capital 10 11 10
Share premium account 256,626 3,608
Income Statement (125,909 ) 28,082
SHAREHOLDERS' FUNDS 130,728 31,700
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 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 Income Statement.
On behalf of the board
Mr Alex Meisl
Director
26 June 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Greyhairworks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09775720 . The registered office is 2 Wilderness Barns, Upper Winchendon, Aylesbury, Buckinghamshire, HP18 0EP.
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.
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of one year.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are copyrights and patents. It is amortised to the income statement over its estimated economic life of one year.
2.5. 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:
Computer Equipment 25% Straight Line Basis
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Business Combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Entities, other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence are treated as associates. In the group financial statements, associates are accounted for using the equity method. Under this method an equity investment is initially recognised at the transaction price and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate.
Any premium on acquisition is dealt with in accordance with the goodwill policy.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill Intellectual Property Total
£ £ £
Cost
As at 1 October 2023 360 240 600
As at 30 September 2024 360 240 600
Amortisation
As at 1 October 2023 360 240 600
As at 30 September 2024 360 240 600
Net Book Value
As at 30 September 2024 - - -
As at 1 October 2023 - - -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 5,341
As at 30 September 2024 5,341
Depreciation
As at 1 October 2023 2,331
Provided during the period 1,335
As at 30 September 2024 3,666
Net Book Value
As at 30 September 2024 1,675
As at 1 October 2023 3,010
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6. Investments
Unlisted
£
Cost
As at 1 October 2023 216
As at 30 September 2024 216
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 216
As at 1 October 2023 216
Grace & Co. Ltd
The company purchased, at par, 50% of the 100 subscriber £1 ordinary voting share capital of Grace & Co. Ltd, which was incorporated on 28 September 2021.
On 27 September 2022, it purchased an additional 1 ordinary £1 share for the sum of £165.
On 28 September 2022, it purchased an Ordinary B £1 share at par. This share is dividend bearing only with no voting rights.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,643 191,832
Prepayments and accrued income - 66,250
Other debtors 4,537 2,458
Corporation tax recoverable assets 13,137 -
Directors' loan accounts 20 -
Amounts owed by group undertakings 71,000 15,000
139,337 275,540
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,724 153,113
Bank loans and overdrafts 10,650 9,762
Corporation tax 16,100 50,501
Other taxes and social security 2,625 2,074
VAT 10,990 12,550
Other creditors 1,352 5,401
Accruals and deferred income 44,165 85,882
98,606 319,283
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,399 21,480
In May 2020, the company obtained an unsecured Bounce Back Loan from HSBC plc in the sum of £50,000. The loan is repayable over 72 months on a fixed interest rate of 2.5% from the date of the drawdown.
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
928 Ordinary A shares of £ 0.010 each 9 9
117 Ordinary B shares of £ 0.010 each 2 1
11 10
Shares issued during the period: £
85 Ordinary B shares of £ 0.010 each 1
11. Directors Advances, Credits and Guarantees
Included within debtors are the loan to the director of £20. This was fully repaid after the year end.
12. Related Party Transactions
Grace & Co. LtdThe company owns 51% of the voting share capital in Grace & Co. LtdDuring the year, the company provided financial support of £96,000 (2023: £20,000) to Grace & Co. Ltd, of which £40,000 was repaid. At the year end, the company was owed £71,000 (2023: £15,000) from Grace & Co. Ltd. In addition to this, the company purchased goods from Grace & Co. Ltd of £64,320 (2023: 71,457) and sold goods to Grace & Co. Ltd of £16,668 (2023: £13,380).

Grace & Co. Ltd

The company owns 51% of the voting share capital in Grace & Co. Ltd

During the year, the company provided financial support of £96,000 (2023: £20,000) to Grace & Co. Ltd, of which £40,000 was repaid. At the year end, the company was owed £71,000 (2023: £15,000) from Grace & Co. Ltd. In addition to this, the company purchased goods from Grace & Co. Ltd of £64,320 (2023: 71,457) and sold goods to Grace & Co. Ltd of £16,668 (2023: £13,380).

13. Controlling Party
The company's controlling party is Alexander Meisl by virtue of his ownership of 38.12% of the issued share capital in the company.
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