Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11011031 Mr Andrew Sale Mrs Catherine Sale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11011031 2023-10-31 11011031 2024-10-31 11011031 2023-11-01 2024-10-31 11011031 frs-core:Non-currentFinancialInstruments 2024-10-31 11011031 frs-core:ShareCapital 2024-10-31 11011031 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11011031 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11011031 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11011031 frs-bus:SmallEntities 2023-11-01 2024-10-31 11011031 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11011031 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11011031 frs-core:UnlistedNon-exchangeTraded 2024-10-31 11011031 frs-core:UnlistedNon-exchangeTraded 2023-10-31 11011031 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 11011031 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 11011031 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 11011031 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 11011031 frs-bus:Director1 2023-11-01 2024-10-31 11011031 frs-bus:Director2 2023-11-01 2024-10-31 11011031 frs-countries:EnglandWales 2023-11-01 2024-10-31 11011031 2022-10-31 11011031 2023-10-31 11011031 2022-11-01 2023-10-31 11011031 frs-core:Non-currentFinancialInstruments 2023-10-31 11011031 frs-core:ShareCapital 2023-10-31 11011031 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11011031
Global Precision Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11011031
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 383 383
383 383
CURRENT ASSETS
Debtors 5 1,160,125 1,127,719
Cash at bank and in hand 2,061 2,031
1,162,186 1,129,750
Creditors: Amounts Falling Due Within One Year 6 - (2,648 )
NET CURRENT ASSETS (LIABILITIES) 1,162,186 1,127,102
TOTAL ASSETS LESS CURRENT LIABILITIES 1,162,569 1,127,485
Creditors: Amounts Falling Due After More Than One Year 7 (82,483 ) (99,779 )
NET ASSETS 1,080,086 1,027,706
CAPITAL AND RESERVES
Called up share capital 8 200 200
Income Statement 1,079,886 1,027,506
SHAREHOLDERS' FUNDS 1,080,086 1,027,706
Page 1
Page 2
For the year ending 31 October 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 Andrew Sale
Director
11 July 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
Global Precision Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11011031 . The registered office is Unit 3, River View, Haworth, Keighley, BD22 8SB.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern asumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 November 2023 383
As at 31 October 2024 383
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 383
As at 1 November 2023 383
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Global Precision Limited
100 ordinary shares of £1 each representing 100% of the issued share capital.
Global Precision UK Limited
165 ordinary shares of £0.50 each representing 82.5% of the issued share capital.
Global Precision Asset Holding Ltd
10,000 ordinary shares of £0.01 each representing 100% of the issued share capital.
Global Climate Solutions Ltd
100 ordinary shares of £1 each representing 100% of the issued share capital.
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 1,160,079 1,100,100
Other debtors 46 27,619
1,160,125 1,127,719
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 2,648
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 82,483 99,779
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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