Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 07002146 Mr Hardeep Kullar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07002146 2023-10-31 07002146 2024-10-31 07002146 2023-11-01 2024-10-31 07002146 frs-core:CurrentFinancialInstruments 2024-10-31 07002146 frs-core:ComputerEquipment 2024-10-31 07002146 frs-core:ComputerEquipment 2023-11-01 2024-10-31 07002146 frs-core:ComputerEquipment 2023-10-31 07002146 frs-core:PlantMachinery 2024-10-31 07002146 frs-core:PlantMachinery 2023-11-01 2024-10-31 07002146 frs-core:PlantMachinery 2023-10-31 07002146 frs-core:WithinOneYear 2024-10-31 07002146 frs-core:ShareCapital 2024-10-31 07002146 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07002146 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07002146 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07002146 frs-bus:SmallEntities 2023-11-01 2024-10-31 07002146 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07002146 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07002146 frs-bus:Director1 2023-11-01 2024-10-31 07002146 frs-core:CurrentFinancialInstruments 1 2024-10-31 07002146 frs-countries:EnglandWales 2023-11-01 2024-10-31 07002146 2022-10-31 07002146 2023-10-31 07002146 2022-11-01 2023-10-31 07002146 frs-core:CurrentFinancialInstruments 2023-10-31 07002146 frs-core:BetweenOneFiveYears 2023-10-31 07002146 frs-core:WithinOneYear 2023-10-31 07002146 frs-core:ShareCapital 2023-10-31 07002146 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07002146 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 07002146
G Kullar Contractors & Plant Hire Ltd
Financial Statements
For The Year Ended 31 October 2024
NSG Accountants Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07002146
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,859 129,626
115,859 129,626
CURRENT ASSETS
Debtors 5 734,246 980,027
Cash at bank and in hand 123 8,050
734,369 988,077
Creditors: Amounts Falling Due Within One Year 6 (847,363 ) (978,766 )
NET CURRENT ASSETS (LIABILITIES) (112,994 ) 9,311
TOTAL ASSETS LESS CURRENT LIABILITIES 2,865 138,937
NET ASSETS 2,865 138,937
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,765 138,837
SHAREHOLDERS' FUNDS 2,865 138,937
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Hardeep Kullar
Director
24/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
G Kullar Contractors & Plant Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07002146 . The registered office is 358 Selbourne Road, Luton, England,, LU4 8NU.
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.
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 15% on reducing balance
Computer Equipment 33% on stright 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 1)
4 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 229,550 3,592 233,142
Additions 6,917 - 6,917
As at 31 October 2024 236,467 3,592 240,059
Depreciation
As at 1 November 2023 101,016 2,500 103,516
Provided during the period 20,319 365 20,684
As at 31 October 2024 121,335 2,865 124,200
Net Book Value
As at 31 October 2024 115,132 727 115,859
As at 1 November 2023 128,534 1,092 129,626
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Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 410,941 432,865
Other debtors - 122,000
VAT 60,910 38,962
Amounts owed by related parties 262,395 386,200
734,246 980,027
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 20,883
Trade creditors 28,689 143,867
Other loans 181,931 -
Corporation tax 6,559 6,559
Other taxes and social security 3,743 5,852
Other creditors 3,040 2,455
Credit card 41,326 -
Accruals and deferred income 15,035 13,172
Director's loan account 423 609
Amounts owed to related parties 566,617 785,369
847,363 978,766
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 20,883
Later than one year and not later than five years - -
- 20,883
- 20,883
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3