Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 14 July 2025 1 January 2024 31 December 2024 31 December 2024 06377257 Mr J F Marques Pedroso Mr E Rocha iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06377257 2023-12-31 06377257 2024-12-31 06377257 2024-01-01 2024-12-31 06377257 frs-core:CurrentFinancialInstruments 2024-12-31 06377257 frs-core:FurnitureFittings 2024-12-31 06377257 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06377257 frs-core:FurnitureFittings 2023-12-31 06377257 frs-core:PlantMachinery 2024-12-31 06377257 frs-core:PlantMachinery 2024-01-01 2024-12-31 06377257 frs-core:PlantMachinery 2023-12-31 06377257 frs-core:ShareCapital 2024-12-31 06377257 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06377257 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06377257 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06377257 frs-bus:SmallEntities 2024-01-01 2024-12-31 06377257 frs-bus:Audited 2024-01-01 2024-12-31 06377257 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06377257 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06377257 frs-bus:OrdinaryShareClass1 2024-12-31 06377257 frs-bus:Director1 2024-01-01 2024-12-31 06377257 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06377257 frs-countries:EnglandWales 2024-01-01 2024-12-31 06377257 2022-12-31 06377257 2023-12-31 06377257 2023-01-01 2023-12-31 06377257 frs-core:CurrentFinancialInstruments 2023-12-31 06377257 frs-core:ShareCapital 2023-12-31 06377257 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06377257 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 06377257
Granorte (UK) Limited
Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06377257
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,197 90,426
65,197 90,426
CURRENT ASSETS
Stocks 356,491 348,742
Debtors 5 74,031 80,888
Cash at bank and in hand 82,657 56,642
513,179 486,272
Creditors: Amounts Falling Due Within One Year 6 (247,235 ) (243,299 )
NET CURRENT ASSETS (LIABILITIES) 265,944 242,973
TOTAL ASSETS LESS CURRENT LIABILITIES 331,141 333,399
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,324 ) (10,519 )
NET ASSETS 318,817 322,880
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 318,816 322,879
SHAREHOLDERS' FUNDS 318,817 322,880
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 J F Marques Pedroso
Director
4 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
Granorte (UK) Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance and 33.3% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate
2.6. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assesments in periods different from those in which they aare 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.
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Page 3
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 54,182 77,638 131,820
Additions - 10,551 10,551
Disposals (17,291 ) (13,507 ) (30,798 )
As at 31 December 2024 36,891 74,682 111,573
Depreciation
As at 1 January 2024 17,706 23,688 41,394
Provided during the period 7,723 14,015 21,738
Disposals (11,702 ) (5,054 ) (16,756 )
As at 31 December 2024 13,727 32,649 46,376
Net Book Value
As at 31 December 2024 23,164 42,033 65,197
As at 1 January 2024 36,476 53,950 90,426
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,717 74,258
Prepayments and accrued income 17,684 -
Other debtors 6,630 6,630
74,031 80,888
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,836 10,771
Corporation tax - 4,035
Other taxes and social security 2,457 951
VAT 48,841 24,698
Other creditors 271 -
Accruals and deferred income 25,021 15,065
Amounts owed to group undertakings 149,809 187,779
247,235 243,299
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Page 4
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
8. Capital Commitments
2024 2023
£ £
At the end of the period 97,829 5,198
At the end of the previous period, the company had financial commitments contracted for but not provided in these financial statements
9. Audit Information
The auditor's report on the accounts of Granorte (UK) Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Jeremy G Hodgkiss (Senior Statutory Auditor) for and on behalf of Deans Chartered Accountants , Statutory Auditor.
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