Acorah Software Products - Accounts Production 16.3.350 false true false 8 December 2023 31 December 2024 31 December 2024 15336073 Mr C Flanigan Mr A Robertson Mr J Heffron Mr R White iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15336073 2023-12-07 15336073 2024-12-31 15336073 2023-12-08 2024-12-31 15336073 frs-core:CurrentFinancialInstruments 2024-12-31 15336073 frs-core:Non-currentFinancialInstruments 2024-12-31 15336073 frs-core:ComputerEquipment 2024-12-31 15336073 frs-core:ComputerEquipment 2023-12-08 2024-12-31 15336073 frs-core:ComputerEquipment 2023-12-07 15336073 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-08 2024-12-31 15336073 frs-core:FurnitureFittings 2024-12-31 15336073 frs-core:FurnitureFittings 2023-12-08 2024-12-31 15336073 frs-core:FurnitureFittings 2023-12-07 15336073 frs-core:NetGoodwill 2024-12-31 15336073 frs-core:NetGoodwill 2023-12-08 2024-12-31 15336073 frs-core:NetGoodwill 2023-12-07 15336073 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 15336073 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-08 2024-12-31 15336073 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-07 15336073 frs-core:OtherResidualIntangibleAssets 2024-12-31 15336073 frs-core:OtherResidualIntangibleAssets 2023-12-08 2024-12-31 15336073 frs-core:OtherResidualIntangibleAssets 2023-12-07 15336073 frs-core:PlantMachinery 2024-12-31 15336073 frs-core:PlantMachinery 2023-12-08 2024-12-31 15336073 frs-core:PlantMachinery 2023-12-07 15336073 frs-core:ShareCapital 2024-12-31 15336073 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15336073 frs-bus:PrivateLimitedCompanyLtd 2023-12-08 2024-12-31 15336073 frs-bus:FilletedAccounts 2023-12-08 2024-12-31 15336073 frs-bus:SmallEntities 2023-12-08 2024-12-31 15336073 frs-bus:AuditExempt-NoAccountantsReport 2023-12-08 2024-12-31 15336073 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-08 2024-12-31 15336073 frs-bus:Director1 2023-12-08 2024-12-31 15336073 frs-bus:Director2 2023-12-08 2024-12-31 15336073 frs-bus:Director3 2023-12-08 2024-12-31 15336073 frs-bus:Director4 2023-12-08 2024-12-31 15336073 frs-countries:EnglandWales 2023-12-08 2024-12-31
Registered number: 15336073
Green Spaces (Cornwall) Ltd
Unaudited Financial Statements
For the Period 8 December 2023 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 15336073
31 December 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 158,294
Tangible Assets 5 757,397
915,691
CURRENT ASSETS
Stocks 6 3,391
Debtors 7 29,269
Cash at bank and in hand 98,693
131,353
Creditors: Amounts Falling Due Within One Year 8 (797,533 )
NET CURRENT ASSETS (LIABILITIES) (666,180 )
TOTAL ASSETS LESS CURRENT LIABILITIES 249,511
Creditors: Amounts Falling Due After More Than One Year 9 (272,674 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,452 )
NET LIABILITIES (34,615 )
CAPITAL AND RESERVES
Called up share capital 10 90
Profit and Loss Account (34,705 )
SHAREHOLDERS' FUNDS (34,615)
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For the period 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 Profit and Loss Account.
On behalf of the board
Mr C Flanigan
Director
01/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Green Spaces (Cornwall) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15336073 . The registered office is Unit 30 Kernick Industrial Estate Parkengue, Kernick, Penryn, TR10 9EP.
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 profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Lease Premiums. It is amortised to profit and loss account over the course of the initial Lease term.
2.5. 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 None
Plant & Machinery 5 Year Straight Line
Fixtures & Fittings 5 Year Straight Line
Computer Equipment 4 Year Straight Line
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.
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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 period, 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 period was: 28
28
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 8 December 2023 - - -
Additions 115,192 69,017 184,209
As at 31 December 2024 115,192 69,017 184,209
Amortisation
As at 8 December 2023 - - -
Provided during the period 23,039 2,876 25,915
As at 31 December 2024 23,039 2,876 25,915
Net Book Value
As at 31 December 2024 92,153 66,141 158,294
As at 8 December 2023 - - -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 8 December 2023 - - - - -
Additions 697,122 7,068 65,093 2,694 771,977
As at 31 December 2024 697,122 7,068 65,093 2,694 771,977
Depreciation
As at 8 December 2023 - - - - -
Provided during the period - 887 13,019 674 14,580
As at 31 December 2024 - 887 13,019 674 14,580
Net Book Value
As at 31 December 2024 697,122 6,181 52,074 2,020 757,397
As at 8 December 2023 - - - - -
6. Stocks
31 December 2024
£
Stock 3,391
7. Debtors
31 December 2024
£
Due within one year
Trade debtors 7,728
Other debtors 21,541
29,269
8. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 34,397
Bank loans and overdrafts 20,000
Other creditors 713,371
Taxation and social security 29,765
797,533
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9. Creditors: Amounts Falling Due After More Than One Year
31 December 2024
£
Bank loans 272,674
10. Share Capital
31 December 2024
£
Called Up Share Capital not Paid 90
Amount of Allotted, Called Up Share Capital 90
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