Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04324755 Mr Steven Gray Mr Darren Fosbury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04324755 2023-12-31 04324755 2024-12-31 04324755 2024-01-01 2024-12-31 04324755 frs-core:CurrentFinancialInstruments 2024-12-31 04324755 frs-core:Non-currentFinancialInstruments 2024-12-31 04324755 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 04324755 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04324755 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04324755 frs-core:ShareCapital 2024-12-31 04324755 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04324755 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04324755 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04324755 frs-bus:SmallEntities 2024-01-01 2024-12-31 04324755 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04324755 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04324755 frs-bus:Director1 2024-01-01 2024-12-31 04324755 frs-bus:Director2 2024-01-01 2024-12-31 04324755 frs-countries:EnglandWales 2024-01-01 2024-12-31 04324755 2022-12-31 04324755 2023-12-31 04324755 2023-01-01 2023-12-31 04324755 frs-core:CurrentFinancialInstruments 2023-12-31 04324755 frs-core:Non-currentFinancialInstruments 2023-12-31 04324755 frs-core:ShareCapital 2023-12-31 04324755 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04324755
Gray And Fosbury Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
AK Tax & Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04324755
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,046,037 2,046,037
2,046,037 2,046,037
CURRENT ASSETS
Debtors 5 19,470 23,604
Cash at bank and in hand 7,848 6,907
27,318 30,511
Creditors: Amounts Falling Due Within One Year 6 (203,864 ) (56,593 )
NET CURRENT ASSETS (LIABILITIES) (176,546 ) (26,082 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,869,491 2,019,955
Creditors: Amounts Falling Due After More Than One Year 7 (1,712,974 ) (1,781,340 )
NET ASSETS 156,517 238,615
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 156,317 238,415
SHAREHOLDERS' FUNDS 156,517 238,615
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 Profit and Loss Account.
On behalf of the board
Mr Steven Gray
Director
Mr Darren Fosbury
Director
21/03/2025
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
Gray And Fosbury Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04324755 . The registered office is 1 Christchurch House, Beaufort Court, Sir Thomas Longley Road, Rochester, Kent, ME2 4FX.
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:
Freehold Nor provided for
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2024 2,046,037
As at 31 December 2024 2,046,037
Net Book Value
As at 31 December 2024 2,046,037
As at 1 January 2024 2,046,037
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,470 13,604
Other debtors - 10,000
19,470 23,604
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,581 1,310
Bank loans and overdrafts 56,000 -
Other creditors 142,283 55,283
203,864 56,593
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,712,974 1,708,367
Other creditors - 72,973
1,712,974 1,781,340
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4