Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04969397 M Humphriss O M Humphriss A Humphriss iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04969397 2024-03-31 04969397 2025-03-31 04969397 2024-04-01 2025-03-31 04969397 frs-core:CurrentFinancialInstruments 2025-03-31 04969397 frs-core:ComputerEquipment 2025-03-31 04969397 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04969397 frs-core:ComputerEquipment 2024-03-31 04969397 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 04969397 frs-core:FurnitureFittings 2025-03-31 04969397 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04969397 frs-core:FurnitureFittings 2024-03-31 04969397 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04969397 frs-core:OtherResidualIntangibleAssets 2025-03-31 04969397 frs-core:OtherResidualIntangibleAssets 2024-03-31 04969397 frs-core:ShareCapital 2025-03-31 04969397 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04969397 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04969397 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04969397 frs-bus:SmallEntities 2024-04-01 2025-03-31 04969397 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04969397 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04969397 frs-bus:Director1 2024-04-01 2025-03-31 04969397 frs-bus:Director2 2024-04-01 2025-03-31 04969397 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04969397 frs-countries:EnglandWales 2024-04-01 2025-03-31 04969397 2023-03-31 04969397 2024-03-31 04969397 2023-04-01 2024-03-31 04969397 frs-core:CurrentFinancialInstruments 2024-03-31 04969397 frs-core:ShareCapital 2024-03-31 04969397 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04969397
GSi Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04969397
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,313 13,964
14,313 13,964
CURRENT ASSETS
Debtors 6 28,352 26,079
Cash at bank and in hand 69,841 73,168
98,193 99,247
Creditors: Amounts Falling Due Within One Year 7 (57,598 ) (49,783 )
NET CURRENT ASSETS (LIABILITIES) 40,595 49,464
TOTAL ASSETS LESS CURRENT LIABILITIES 54,908 63,428
NET ASSETS 54,908 63,428
CAPITAL AND RESERVES
Called up share capital 8 800 800
Profit and Loss Account 54,108 62,628
SHAREHOLDERS' FUNDS 54,908 63,428
For the year ending 31 March 2025 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
O M Humphriss
Director
11th July 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
GSi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04969397 . The registered office is 155 Wellingborough Road, RUSHDEN, Northamptonshire, NN10 9TB.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
2.4. 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 10% on cost
Fixtures & Fittings Straight line over 15 years
Computer Equipment 25% on cost
2.5. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 31 March 2025.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
Page 2
Page 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 120,000
As at 31 March 2025 120,000
Amortisation
As at 1 April 2024 120,000
As at 31 March 2025 120,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 61,511 31,543 93,054
Additions 3,069 3,635 6,704
As at 31 March 2025 64,580 35,178 99,758
Depreciation
As at 1 April 2024 50,841 28,249 79,090
Provided during the period 3,435 2,920 6,355
As at 31 March 2025 54,276 31,169 85,445
Net Book Value
As at 31 March 2025 10,304 4,009 14,313
As at 1 April 2024 10,670 3,294 13,964
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 28,352 26,079
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 626
Other creditors 19,084 8,759
Taxation and social security 38,514 40,398
57,598 49,783
Page 3
Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 800 800
The authorised share capital comprises 500 Ordinary shares of £1 each, 100 `A` Ordinary shares of £1 each, 100 `B` Ordinary shares of £1 each, 100 `C` Ordinary shares of £1 each, 100 `D` Ordinary shares of £1 each, and 100 `E` Ordinary shares of £1 each. 
The issued share capital comprises 400 Ordinary shares of £1 each, 100 `B` Ordinary shares of £1 each, 100 `C` Ordinary shares of £1each, 100 `D` Ordinary shares of £1 each, and 100 `E` Ordinary shares of £1 each
Page 4