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 NI674541 Mr Richard Gray Mrs Charlotte Press iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI674541 2023-12-31 NI674541 2024-12-31 NI674541 2024-01-01 2024-12-31 NI674541 frs-core:CurrentFinancialInstruments 2024-12-31 NI674541 frs-core:ComputerEquipment 2024-12-31 NI674541 frs-core:ComputerEquipment 2024-01-01 2024-12-31 NI674541 frs-core:ComputerEquipment 2023-12-31 NI674541 frs-core:FurnitureFittings 2024-12-31 NI674541 frs-core:FurnitureFittings 2024-01-01 2024-12-31 NI674541 frs-core:FurnitureFittings 2023-12-31 NI674541 frs-core:ShareCapital 2024-12-31 NI674541 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI674541 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI674541 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI674541 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI674541 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI674541 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI674541 frs-bus:Director1 2024-01-01 2024-12-31 NI674541 frs-bus:Director2 2024-01-01 2024-12-31 NI674541 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI674541 2022-12-31 NI674541 2023-12-31 NI674541 2023-01-01 2023-12-31 NI674541 frs-core:CurrentFinancialInstruments 2023-12-31 NI674541 frs-core:ShareCapital 2023-12-31 NI674541 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI674541
Gray + Press Accountants Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: NI674541
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,566 12,403
8,566 12,403
CURRENT ASSETS
Debtors 5 164,863 116,548
Cash at bank and in hand 89,881 68,524
254,744 185,072
Creditors: Amounts Falling Due Within One Year 6 (158,361 ) (99,586 )
NET CURRENT ASSETS (LIABILITIES) 96,383 85,486
TOTAL ASSETS LESS CURRENT LIABILITIES 104,949 97,889
NET ASSETS 104,949 97,889
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 104,849 97,789
SHAREHOLDERS' FUNDS 104,949 97,889
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
Mrs Charlotte Press
Director
25/09/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gray + Press Accountants Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI674541 . The registered office is Unit 4A Channel Wharf, 21 Old Channel Road, Belfast, County Antrim, BT3 9DE.
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.
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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 and deferred tax are recognised in profit or loss for the year, 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 3
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 16,777 5,869 22,646
Additions 1,954 - 1,954
As at 31 December 2024 18,731 5,869 24,600
Depreciation
As at 1 January 2024 7,176 3,067 10,243
Provided during the period 4,324 1,467 5,791
As at 31 December 2024 11,500 4,534 16,034
Net Book Value
As at 31 December 2024 7,231 1,335 8,566
As at 1 January 2024 9,601 2,802 12,403
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 164,748 116,548
Other debtors 115 -
164,863 116,548
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,839 8,641
Other creditors 14,776 21,314
Taxation and social security 132,746 69,631
158,361 99,586
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Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4