Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07982103 Mrs K Butterfield Mr P Butterfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07982103 2023-12-31 07982103 2024-12-31 07982103 2024-01-01 2024-12-31 07982103 frs-core:CurrentFinancialInstruments 2024-12-31 07982103 frs-core:Non-currentFinancialInstruments 2024-12-31 07982103 frs-core:BetweenOneFiveYears 2024-12-31 07982103 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07982103 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07982103 frs-core:NetGoodwill 2024-12-31 07982103 frs-core:NetGoodwill 2024-01-01 2024-12-31 07982103 frs-core:NetGoodwill 2023-12-31 07982103 frs-core:LandBuildings 2024-12-31 07982103 frs-core:LandBuildings 2024-01-01 2024-12-31 07982103 frs-core:LandBuildings 2023-12-31 07982103 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07982103 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07982103 frs-core:MotorVehicles 2024-01-01 2024-12-31 07982103 frs-core:PlantMachinery 2024-12-31 07982103 frs-core:PlantMachinery 2024-01-01 2024-12-31 07982103 frs-core:PlantMachinery 2023-12-31 07982103 frs-core:WithinOneYear 2024-12-31 07982103 frs-core:ShareCapital 2024-12-31 07982103 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07982103 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07982103 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07982103 frs-bus:SmallEntities 2024-01-01 2024-12-31 07982103 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07982103 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07982103 frs-bus:Director1 2024-01-01 2024-12-31 07982103 frs-bus:Director2 2024-01-01 2024-12-31 07982103 frs-countries:EnglandWales 2024-01-01 2024-12-31 07982103 2022-12-31 07982103 2023-12-31 07982103 2023-01-01 2023-12-31 07982103 frs-core:CurrentFinancialInstruments 2023-12-31 07982103 frs-core:Non-currentFinancialInstruments 2023-12-31 07982103 frs-core:BetweenOneFiveYears 2023-12-31 07982103 frs-core:PlantMachinery 2023-01-01 2023-12-31 07982103 frs-core:WithinOneYear 2023-12-31 07982103 frs-core:ShareCapital 2023-12-31 07982103 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07982103
G.S.N Conservatories Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Davey Grover Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 07982103
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,400 6,600
Tangible Assets 5 97,345 97,500
101,745 104,100
CURRENT ASSETS
Stocks 6 45,055 53,714
Debtors 7 55,326 51,716
Cash at bank and in hand 137,732 322,200
238,113 427,630
Creditors: Amounts Falling Due Within One Year 8 (176,303 ) (263,637 )
NET CURRENT ASSETS (LIABILITIES) 61,810 163,993
TOTAL ASSETS LESS CURRENT LIABILITIES 163,555 268,093
Creditors: Amounts Falling Due After More Than One Year 9 (4,409 ) (14,810 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,185 ) (22,971 )
NET ASSETS 135,961 230,312
CAPITAL AND RESERVES
Called up share capital 11 150 150
Income Statement 135,811 230,162
SHAREHOLDERS' FUNDS 135,961 230,312
Page 1
Page 2
For the year ending 31 December 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
Mrs K Butterfield
Director
20 August 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G.S.N Conservatories Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07982103 . The registered office is Pertenhall Road The Town, Great Staughton, St. Neots, PE19 5BE.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of ten years.
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:
Freehold 15 years straight line
Leasehold 15 years straight line
Plant & Machinery 15% reducing base
Motor Vehicles 20% reducing base
Fixtures & Fittings 15% reducing base
Computer Equipment 15% reducing base
Page 3
Page 4
2.5. 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 income statement 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 income statement as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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 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 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 9 (2023: 8)
9 8
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 22,000
As at 31 December 2024 22,000
Amortisation
As at 1 January 2024 15,400
Provided during the period 2,200
As at 31 December 2024 17,600
Net Book Value
As at 31 December 2024 4,400
As at 1 January 2024 6,600
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 63,756 153,594 217,350
Additions - 10,500 10,500
As at 31 December 2024 63,756 164,094 227,850
Depreciation
As at 1 January 2024 63,756 56,094 119,850
Provided during the period - 10,655 10,655
As at 31 December 2024 63,756 66,749 130,505
Net Book Value
As at 31 December 2024 - 97,345 97,345
As at 1 January 2024 - 97,500 97,500
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery - 19,848
Page 5
Page 6
6. Stocks
2024 2023
£ £
Stock 39,432 12,626
Work in progress 5,623 41,088
45,055 53,714
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,001 25,343
Other debtors 20,325 26,373
55,326 51,716
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 4,789
Trade creditors 78,917 63,894
Bank loans and overdrafts 10,403 10,140
Other creditors 71,300 66,337
Taxation and social security 15,683 118,477
176,303 263,637
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,409 14,810
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,789
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
Page 6
Page 7
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 18,296 22,310
Later than one year and not later than five years 22,251 39,441
40,547 61,751
Page 7