Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 14006277 Mrs Karen Lane Mr Jesse Lane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14006277 2024-03-31 14006277 2025-03-31 14006277 2024-04-01 2025-03-31 14006277 frs-core:CurrentFinancialInstruments 2025-03-31 14006277 frs-core:Non-currentFinancialInstruments 2025-03-31 14006277 frs-core:MotorVehicles 2025-03-31 14006277 frs-core:MotorVehicles 2024-04-01 2025-03-31 14006277 frs-core:MotorVehicles 2024-03-31 14006277 frs-core:PlantMachinery 2025-03-31 14006277 frs-core:PlantMachinery 2024-04-01 2025-03-31 14006277 frs-core:PlantMachinery 2024-03-31 14006277 frs-core:ShareCapital 2025-03-31 14006277 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14006277 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14006277 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14006277 frs-bus:SmallEntities 2024-04-01 2025-03-31 14006277 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14006277 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14006277 frs-bus:Director1 2024-04-01 2025-03-31 14006277 frs-bus:Director2 2024-04-01 2025-03-31 14006277 frs-countries:EnglandWales 2024-04-01 2025-03-31 14006277 2023-03-31 14006277 2024-03-31 14006277 2023-04-01 2024-03-31 14006277 frs-core:CurrentFinancialInstruments 2024-03-31 14006277 frs-core:Non-currentFinancialInstruments 2024-03-31 14006277 frs-core:ShareCapital 2024-03-31 14006277 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 14006277
Grab-It (Sw) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14006277
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,049 6,464
18,049 6,464
CURRENT ASSETS
Debtors 5 22,116 10,724
Cash at bank and in hand 12,045 12,689
34,161 23,413
Creditors: Amounts Falling Due Within One Year 6 (13,023 ) (10,410 )
NET CURRENT ASSETS (LIABILITIES) 21,138 13,003
TOTAL ASSETS LESS CURRENT LIABILITIES 39,187 19,467
Creditors: Amounts Falling Due After More Than One Year 7 (51,587 ) (33,433 )
NET LIABILITIES (12,400 ) (13,966 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (12,402 ) (13,968 )
SHAREHOLDERS' FUNDS (12,400) (13,966)
Page 1
Page 2
For the year ending 31 March 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
Mrs Karen Lane
Director
Mr Jesse Lane
Director
27 August 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grab-It (Sw) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14006277 . The registered office is C/O Mj Evans & Co Minerva Way, Brunel Road, Newton Abbot, Devon, TQ12 4PJ.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 1,492 10,000 11,492
Additions - 17,601 17,601
As at 31 March 2025 1,492 27,601 29,093
Depreciation
As at 1 April 2024 653 4,375 5,028
Provided during the period 210 5,806 6,016
As at 31 March 2025 863 10,181 11,044
Net Book Value
As at 31 March 2025 629 17,420 18,049
As at 1 April 2024 839 5,625 6,464
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 18,601 8,719
Other taxes and social security 1,515 5
20,116 8,724
Due after more than one year
Other debtors 2,000 2,000
22,116 10,724
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 5,266 3,932
VAT 6,342 5,116
Other creditors 415 362
Accruals and deferred income 1,000 1,000
13,023 10,410
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 20,389 7,943
Directors loan account 31,198 25,490
51,587 33,433
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4