Acorah Software Products - Accounts Production 16.5.460 false true 31 July 2023 1 August 2022 false 1 August 2023 31 December 2024 31 December 2024 04026244 Mrs Elizabeth Gray-King Mr Peter Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04026244 2023-07-31 04026244 2024-12-31 04026244 2023-08-01 2024-12-31 04026244 frs-core:ComputerEquipment 2024-12-31 04026244 frs-core:ComputerEquipment 2023-08-01 2024-12-31 04026244 frs-core:ComputerEquipment 2023-07-31 04026244 frs-core:FurnitureFittings 2023-08-01 2024-12-31 04026244 frs-core:PlantMachinery 2024-12-31 04026244 frs-core:PlantMachinery 2023-08-01 2024-12-31 04026244 frs-core:PlantMachinery 2023-07-31 04026244 frs-core:SharePremium 2024-12-31 04026244 frs-core:ShareCapital 2024-12-31 04026244 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04026244 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-12-31 04026244 frs-bus:FilletedAccounts 2023-08-01 2024-12-31 04026244 frs-bus:SmallEntities 2023-08-01 2024-12-31 04026244 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-12-31 04026244 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-12-31 04026244 frs-bus:Director1 2023-08-01 2024-12-31 04026244 frs-bus:Director2 2023-08-01 2024-12-31 04026244 frs-countries:EnglandWales 2023-08-01 2024-12-31 04026244 2022-07-31 04026244 2023-07-31 04026244 2022-08-01 2023-07-31 04026244 frs-core:CurrentFinancialInstruments 2023-07-31 04026244 frs-core:SharePremium 2023-07-31 04026244 frs-core:ShareCapital 2023-07-31 04026244 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04026244
Gray-King & Gray Limited
Unaudited Financial Statements
For the Period 1 August 2023 to 31 December 2024
Oxford Tax Solutions
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04026244
31 December 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,606 1,827
1,606 1,827
CURRENT ASSETS
Cash at bank and in hand 2,241 1,958
2,241 1,958
Creditors: Amounts Falling Due Within One Year 5 (3,325 ) (9,307 )
NET CURRENT ASSETS (LIABILITIES) (1,084 ) (7,349 )
TOTAL ASSETS LESS CURRENT LIABILITIES 522 (5,522 )
NET ASSETS/(LIABILITIES) 522 (5,522 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Share premium account 17,990 17,990
Profit and Loss Account (17,568 ) (23,612 )
SHAREHOLDERS' FUNDS 522 (5,522)
For the period 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 Elizabeth Gray-King
Director
03/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gray-King & Gray Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04026244 . The registered office is 70 Ashby Road, Welton, Daventry, NN11 2JS.
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 No depreciation
Fixtures & Fittings No depreciation
Computer Equipment 18% on the reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 600 4,306 4,906
As at 31 December 2024 600 4,306 4,906
Depreciation
As at 1 August 2023 - 3,079 3,079
Provided during the period - 221 221
As at 31 December 2024 - 3,300 3,300
Net Book Value
As at 31 December 2024 600 1,006 1,606
As at 1 August 2023 600 1,227 1,827
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 July 2023
£ £
Other creditors 3,325 9,661
Taxation and social security - (354 )
3,325 9,307
6. Share Capital
31 December 2024 31 July 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3