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 13647590 Mr Alex Meisl Mr Michael Islip Greyhairworks Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13647590 2023-09-30 13647590 2024-09-30 13647590 2023-10-01 2024-09-30 13647590 frs-core:CurrentFinancialInstruments 2024-09-30 13647590 frs-core:Non-currentFinancialInstruments 2024-09-30 13647590 frs-core:ComputerEquipment 2024-09-30 13647590 frs-core:ComputerEquipment 2023-10-01 2024-09-30 13647590 frs-core:ComputerEquipment 2023-09-30 13647590 frs-core:ShareCapital 2024-09-30 13647590 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13647590 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13647590 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 13647590 frs-bus:SmallEntities 2023-10-01 2024-09-30 13647590 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13647590 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13647590 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 13647590 frs-bus:OrdinaryShareClass2 2024-09-30 13647590 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-30 13647590 frs-bus:OrdinaryShareClass3 2024-09-30 13647590 frs-bus:OrdinaryShareClass4 2023-10-01 2024-09-30 13647590 frs-bus:OrdinaryShareClass4 2024-09-30 13647590 1 2023-10-01 2024-09-30 13647590 frs-bus:Director1 2023-10-01 2024-09-30 13647590 frs-bus:Director2 2023-10-01 2024-09-30 13647590 frs-countries:EnglandWales 2023-10-01 2024-09-30 13647590 2022-09-30 13647590 2023-09-30 13647590 2022-10-01 2023-09-30 13647590 frs-core:CurrentFinancialInstruments 2023-09-30 13647590 frs-core:Non-currentFinancialInstruments 2023-09-30 13647590 frs-core:ShareCapital 2023-09-30 13647590 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13647590 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 13647590 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30 13647590 frs-bus:OrdinaryShareClass4 2022-10-01 2023-09-30
Registered number: 13647590
Grace & Co. 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
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13647590
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,296 -
1,296 -
CURRENT ASSETS
Debtors 5 144,706 109,611
Cash at bank and in hand 15,272 26,224
159,978 135,835
Creditors: Amounts Falling Due Within One Year 6 (153,477 ) (105,343 )
NET CURRENT ASSETS (LIABILITIES) 6,501 30,492
TOTAL ASSETS LESS CURRENT LIABILITIES 7,797 30,492
Creditors: Amounts Falling Due After More Than One Year 7 - (15,000 )
NET ASSETS 7,797 15,492
CAPITAL AND RESERVES
Called up share capital 8 102 102
Profit and Loss Account 7,695 15,390
SHAREHOLDERS' FUNDS 7,797 15,492
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 Profit and Loss Account.
On behalf of the board
Mr Alex Meisl
Director
27 June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Grace & Co. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13647590 . The registered office is 2 Wilderness Barns , Upper Winchendon , Aylesbury, 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.
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:
Computer Equipment 25% Straight Line Basis
2.4. 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.
2.5. 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 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.
2.6. 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, excluding directors, during the year was 1 (2023: NIL)
1 -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 -
Additions 1,453
As at 30 September 2024 1,453
Depreciation
As at 1 October 2023 -
Provided during the period 157
As at 30 September 2024 157
Net Book Value
As at 30 September 2024 1,296
As at 1 October 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 86,455 47,027
Prepayments and accrued income 26,487 42,400
Corporation tax recoverable assets 5,093 5,093
VAT 12,260 -
Directors' loan accounts 14,411 15,091
144,706 109,611
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,153 27,118
Corporation tax - 7,036
Other taxes and social security 5,324 -
VAT - 11,314
Accruals and deferred income 56,000 59,875
Amounts owed to group undertakings 71,000 -
153,477 105,343
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings - 15,000
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8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
1 Ordinary B shares of £ 1.00 each 1 1
1 Ordinary C shares of £ 1.00 each 1 1
102 102
9. Directors Advances, Credits and Guarantees
During the year, the directors were advanced £320 and repaid £1,000.The balance at the year end is £14,411. 
Interest at the approved HMRC rate has been applied to the loan.
10. Related Party Transactions
Greyhairworks LtdGreyhairworks Ltd owns 51% of the voting share capital in the company.During the year, the company received financial support from Greyhairworks Ltd of £96,000 (2023: £20,000), of which £40,000 was repaid. At year end, the company owed £71,000 (2023: £15,000) to Greyhairworks Ltd. Additionally, the company sold goods to Greyhairworks Ltd of £64,320 (2023: £71,457) and purchased goods from Greyhairworks Ltd of £16,668 (2023: £13,380).

Greyhairworks Ltd

Greyhairworks Ltd owns 51% of the voting share capital in the company.

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

11. Ultimate Controlling Party
The company's ultimate controlling party is Greyhairworks Ltd by virtue of its ownership of 51% of the issued share capital in the company.
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