Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 25 September 2025 1 January 2024 31 December 2024 31 December 2024 11474165 Ms. Renuka Rodrigo Brown Mrs Joann Agee Mr Paul Beare Pb Corporate Services UK Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11474165 2023-12-31 11474165 2024-12-31 11474165 2024-01-01 2024-12-31 11474165 frs-core:CurrentFinancialInstruments 2024-12-31 11474165 frs-core:ShareCapital 2024-12-31 11474165 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11474165 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11474165 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11474165 frs-bus:SmallEntities 2024-01-01 2024-12-31 11474165 frs-bus:Audited 2024-01-01 2024-12-31 11474165 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11474165 frs-bus:Director1 2024-01-01 2024-12-31 11474165 frs-bus:Director2 2024-01-01 2024-12-31 11474165 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 11474165 frs-bus:CompanySecretary2 2024-01-01 2024-12-31 11474165 frs-countries:EnglandWales 2024-01-01 2024-12-31 11474165 2022-12-31 11474165 2023-12-31 11474165 2023-01-01 2023-12-31 11474165 frs-core:CurrentFinancialInstruments 2023-12-31 11474165 frs-core:ShareCapital 2023-12-31 11474165 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11474165
Global Shop Solutions (UK) Limited
Financial Statements
For The Year Ended 31 December 2024
Paul Beare Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11474165
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 188,359 214,386
Cash at bank and in hand 661,145 778,589
849,504 992,975
Creditors: Amounts Falling Due Within One Year 5 (409,686 ) (522,821 )
NET CURRENT ASSETS (LIABILITIES) 439,818 470,154
TOTAL ASSETS LESS CURRENT LIABILITIES 439,818 470,154
NET ASSETS 439,818 470,154
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 439,817 470,153
SHAREHOLDERS' FUNDS 439,818 470,154
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 Joann Agee
Director
25/09/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Global Shop Solutions (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11474165 . The registered office is C/O Paul Beare Ltd, 100 Bollo Lane, London, W4 5LX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 167,182 184,663
Other debtors 21,177 29,723
188,359 214,386
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 130 16,465
Amounts owed to group undertakings 259,445 346,751
Other creditors 102,318 78,473
Taxation and social security 47,793 81,132
409,686 522,821
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £12,523 (PY £5,802).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
8. Audit Information
The auditor's report on the accounts of Global Shop Solutions (UK) Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Andrew Davis ACCA CTA FMAAT (Senior Statutory Auditor) for and on behalf of AMS Audit Limited , Statutory Auditor.
AMS Audit Limited
1 Hardman Street
Spinningfields
Manchester
M3 3HF
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