Acorah Software Products - Accounts Production 16.4.675 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 10097605 Mr M T Gray Mrs D J Gray Mrs D J Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10097605 2024-04-30 10097605 2025-04-30 10097605 2024-05-01 2025-04-30 10097605 frs-core:CurrentFinancialInstruments 2025-04-30 10097605 frs-core:Non-currentFinancialInstruments 2025-04-30 10097605 frs-core:BetweenOneFiveYears 2025-04-30 10097605 frs-core:ComputerEquipment 2025-04-30 10097605 frs-core:ComputerEquipment 2024-05-01 2025-04-30 10097605 frs-core:ComputerEquipment 2024-04-30 10097605 frs-core:FurnitureFittings 2025-04-30 10097605 frs-core:FurnitureFittings 2024-05-01 2025-04-30 10097605 frs-core:FurnitureFittings 2024-04-30 10097605 frs-core:MotorVehicles 2025-04-30 10097605 frs-core:MotorVehicles 2024-05-01 2025-04-30 10097605 frs-core:MotorVehicles 2024-04-30 10097605 frs-core:PlantMachinery 2025-04-30 10097605 frs-core:PlantMachinery 2024-05-01 2025-04-30 10097605 frs-core:PlantMachinery 2024-04-30 10097605 frs-core:WithinOneYear 2025-04-30 10097605 frs-core:ShareCapital 2025-04-30 10097605 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 10097605 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10097605 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 10097605 frs-bus:SmallEntities 2024-05-01 2025-04-30 10097605 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 10097605 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10097605 frs-bus:Director1 2024-05-01 2025-04-30 10097605 frs-bus:Director2 2024-05-01 2025-04-30 10097605 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 10097605 frs-countries:EnglandWales 2024-05-01 2025-04-30 10097605 2023-04-30 10097605 2024-04-30 10097605 2023-05-01 2024-04-30 10097605 frs-core:CurrentFinancialInstruments 2024-04-30 10097605 frs-core:Non-currentFinancialInstruments 2024-04-30 10097605 frs-core:BetweenOneFiveYears 2024-04-30 10097605 frs-core:WithinOneYear 2024-04-30 10097605 frs-core:ShareCapital 2024-04-30 10097605 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 10097605
Grays of Derby Ltd
Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10097605
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,512 30,069
52,512 30,069
CURRENT ASSETS
Debtors 5 706 213
Cash at bank and in hand 56,399 67,244
57,105 67,457
Creditors: Amounts Falling Due Within One Year 6 (16,025 ) (27,441 )
NET CURRENT ASSETS (LIABILITIES) 41,080 40,016
TOTAL ASSETS LESS CURRENT LIABILITIES 93,592 70,085
Creditors: Amounts Falling Due After More Than One Year 7 (34,985 ) (19,891 )
NET ASSETS 58,607 50,194
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 58,507 50,094
SHAREHOLDERS' FUNDS 58,607 50,194
For the year ending 30 April 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
Mr M T Gray
Director
16 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
Grays of Derby Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10097605 . The registered office is 10 Robinia Close, Oakwood, Derby, England, DE21 2XD.
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:
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2024 3,199 51,162 1,701 3,162 59,224
Additions 1,800 35,494 - 2,110 39,404
Disposals - (15,700 ) - (1,186 ) (16,886 )
As at 30 April 2025 4,999 70,956 1,701 4,086 81,742
Depreciation
As at 1 May 2024 2,609 22,349 1,326 2,871 29,155
Provided during the period 656 15,521 255 529 16,961
Disposals - (15,700 ) - (1,186 ) (16,886 )
As at 30 April 2025 3,265 22,170 1,581 2,214 29,230
Net Book Value
As at 30 April 2025 1,734 48,786 120 1,872 52,512
As at 1 May 2024 590 28,813 375 291 30,069
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income - 213
VAT 545 -
Other taxes and social security 161 -
706 213
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,756 3,362
Trade creditors 222 2,019
Corporation tax 3,898 5,051
Other taxes and social security - 110
VAT - 5,109
Other creditors 417 10,292
Accruals and deferred income - 800
Directors' loan accounts 732 698
16,025 27,441
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 34,985 19,891
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Page 4
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,756 3,362
Later than one year and not later than five years 34,985 19,891
45,741 23,253
45,741 23,253
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4