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 07457752 Mr George Malsbury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07457752 2023-12-31 07457752 2024-12-31 07457752 2024-01-01 2024-12-31 07457752 frs-core:CurrentFinancialInstruments 2024-12-31 07457752 frs-core:Non-currentFinancialInstruments 2024-12-31 07457752 frs-core:ComputerEquipment 2024-12-31 07457752 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07457752 frs-core:ComputerEquipment 2023-12-31 07457752 frs-core:FurnitureFittings 2024-12-31 07457752 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07457752 frs-core:FurnitureFittings 2023-12-31 07457752 frs-core:PlantMachinery 2024-12-31 07457752 frs-core:PlantMachinery 2024-01-01 2024-12-31 07457752 frs-core:PlantMachinery 2023-12-31 07457752 frs-core:ShareCapital 2024-12-31 07457752 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07457752 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07457752 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07457752 frs-bus:SmallEntities 2024-01-01 2024-12-31 07457752 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07457752 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07457752 frs-bus:Director1 2024-01-01 2024-12-31 07457752 frs-bus:Director1 2023-12-31 07457752 frs-bus:Director1 2024-12-31 07457752 frs-countries:EnglandWales 2024-01-01 2024-12-31 07457752 2022-12-31 07457752 2023-12-31 07457752 2023-01-01 2023-12-31 07457752 frs-core:CurrentFinancialInstruments 2023-12-31 07457752 frs-core:Non-currentFinancialInstruments 2023-12-31 07457752 frs-core:ShareCapital 2023-12-31 07457752 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07457752
George Malsbury Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Radford & Sergeant Limited
Quatro House
Lyon Way, Frimley Road
Camberley
Surrey
GU16 7ER
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07457752
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,267 42,822
52,267 42,822
CURRENT ASSETS
Debtors 5 50,449 103,702
Cash at bank and in hand 7,238 3,096
57,687 106,798
Creditors: Amounts Falling Due Within One Year 6 (88,159 ) (87,205 )
NET CURRENT ASSETS (LIABILITIES) (30,472 ) 19,593
TOTAL ASSETS LESS CURRENT LIABILITIES 21,795 62,415
Creditors: Amounts Falling Due After More Than One Year 7 (10,854 ) (18,152 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,760 ) (8,729 )
NET ASSETS 181 35,534
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 180 35,533
SHAREHOLDERS' FUNDS 181 35,534
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 George Malsbury
Director
12 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
George Malsbury Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07457752 . The registered office is Office 143, Spaces, 9 Greyfriars Road, Reading, RG1 1NU.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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
Fixtures & Fittings 25% Straight Line
Computer Equipment 33.33% Straight Line
2.4. 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 year 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 asset reflects 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:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 60,426 4,786 29,832 95,044
Additions 20,100 - 7,922 28,022
As at 31 December 2024 80,526 4,786 37,754 123,066
Depreciation
As at 1 January 2024 21,902 4,786 25,534 52,222
Provided during the period 13,743 - 4,834 18,577
As at 31 December 2024 35,645 4,786 30,368 70,799
Net Book Value
As at 31 December 2024 44,881 - 7,386 52,267
As at 1 January 2024 38,524 - 4,298 42,822
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,600 89,197
Other debtors 125 125
Corporation tax recoverable assets 3,489 3,489
Other taxes and social security 256 158
Director's loan account 9,979 10,733
50,449 103,702
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,726 1,445
Bank loans and overdrafts - 14,513
Corporation tax 4,856 17,633
VAT 19,539 24,738
Other creditors 9,634 10,796
Accruals and deferred income 44,404 18,080
88,159 87,205
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,854 18,152
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr George Malsbury 10,733 - 754 - 9,979
The above loan is unsecured, interest free and repayable on demand.
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 64,650 50,245
The above dividends were paid to the director.
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