Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06586390 Mrs G E Garratt Mr J Garratt Mr T Garratt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06586390 2024-03-31 06586390 2025-03-31 06586390 2024-04-01 2025-03-31 06586390 frs-core:CurrentFinancialInstruments 2025-03-31 06586390 frs-core:Non-currentFinancialInstruments 2025-03-31 06586390 frs-core:NetGoodwill 2025-03-31 06586390 frs-core:NetGoodwill 2024-04-01 2025-03-31 06586390 frs-core:NetGoodwill 2024-03-31 06586390 frs-core:MotorVehicles 2024-04-01 2025-03-31 06586390 frs-core:PlantMachinery 2025-03-31 06586390 frs-core:PlantMachinery 2024-04-01 2025-03-31 06586390 frs-core:PlantMachinery 2024-03-31 06586390 frs-core:ShareCapital 2025-03-31 06586390 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06586390 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06586390 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06586390 frs-bus:SmallEntities 2024-04-01 2025-03-31 06586390 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06586390 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06586390 frs-bus:Director1 2024-04-01 2025-03-31 06586390 frs-bus:Director2 2024-04-01 2025-03-31 06586390 frs-bus:Director3 2024-04-01 2025-03-31 06586390 frs-core:CurrentFinancialInstruments 1 2025-03-31 06586390 frs-countries:EnglandWales 2024-04-01 2025-03-31 06586390 2023-03-31 06586390 2024-03-31 06586390 2023-04-01 2024-03-31 06586390 frs-core:CurrentFinancialInstruments 2024-03-31 06586390 frs-core:Non-currentFinancialInstruments 2024-03-31 06586390 frs-core:ShareCapital 2024-03-31 06586390 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06586390 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 06586390
Garratts Damp & Timber Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06586390
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 254
- 254
CURRENT ASSETS
Debtors 6 155,796 111,352
Cash at bank and in hand 329,492 294,958
485,288 406,310
Creditors: Amounts Falling Due Within One Year 7 (307,452 ) (220,028 )
NET CURRENT ASSETS (LIABILITIES) 177,836 186,282
TOTAL ASSETS LESS CURRENT LIABILITIES 177,836 186,536
Creditors: Amounts Falling Due After More Than One Year 8 - (33,278 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (75 )
NET ASSETS 177,836 153,183
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 177,736 153,083
SHAREHOLDERS' FUNDS 177,836 153,183
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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
Mr T Garratt
Director
31 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Garratts Damp & Timber Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06586390 . The registered office is 39 Marlin Square, Abbots Langley, Hertfordshire, WD5 0EG.
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 represents net invoiced sales of services, excluding value added tax.
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 five 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:
Plant & Machinery 33.3% on cost
Motor Vehicles 20% on cost
2.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2024: 24)
24 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Amortisation
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 11,349
Additions 502
As at 31 March 2025 11,851
Depreciation
As at 1 April 2024 11,095
Provided during the period 756
As at 31 March 2025 11,851
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 254
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 155,796 111,352
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 23,244 24,375
Corporation tax 45,317 33,616
Other taxes and social security 93,449 72,623
Trade creditors and accruals 74,486 33,099
Fees received in advance 54,429 41,315
Directors' loan accounts 16,527 15,000
307,452 220,028
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 13,278
Directors loan account - 20,000
- 33,278
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The company is under the control of the Directors. At the year end the company owed them £16,527 (2024: £35,000).
The Directors received consultancy fees from the company £0 (2024: £9,803) charged at normal commercial rates.
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