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 02621069 Ms Abigail Grey Ms Mollie Grey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02621069 2023-12-31 02621069 2024-12-31 02621069 2024-01-01 2024-12-31 02621069 frs-core:CurrentFinancialInstruments 2024-12-31 02621069 frs-core:Non-currentFinancialInstruments 2024-12-31 02621069 frs-core:NetGoodwill 2024-12-31 02621069 frs-core:NetGoodwill 2024-01-01 2024-12-31 02621069 frs-core:NetGoodwill 2023-12-31 02621069 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 02621069 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 02621069 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 02621069 frs-core:PlantMachinery 2024-12-31 02621069 frs-core:PlantMachinery 2024-01-01 2024-12-31 02621069 frs-core:PlantMachinery 2023-12-31 02621069 frs-core:ShareCapital 2024-12-31 02621069 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02621069 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02621069 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02621069 frs-bus:SmallEntities 2024-01-01 2024-12-31 02621069 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02621069 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02621069 frs-bus:Director1 2024-01-01 2024-12-31 02621069 frs-bus:Director1 2023-12-31 02621069 frs-bus:Director1 2024-12-31 02621069 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02621069 frs-countries:EnglandWales 2024-01-01 2024-12-31 02621069 2022-12-31 02621069 2023-12-31 02621069 2023-01-01 2023-12-31 02621069 frs-core:CurrentFinancialInstruments 2023-12-31 02621069 frs-core:Non-currentFinancialInstruments 2023-12-31 02621069 frs-core:ShareCapital 2023-12-31 02621069 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02621069
Grey & Company (Wembley) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02621069
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,727 13,310
Tangible Assets 5 31,604 39,747
40,331 53,057
CURRENT ASSETS
Debtors 6 225,565 144,200
Cash at bank and in hand 42,821 130,706
268,386 274,906
Creditors: Amounts Falling Due Within One Year 7 (73,690 ) (97,939 )
NET CURRENT ASSETS (LIABILITIES) 194,696 176,967
TOTAL ASSETS LESS CURRENT LIABILITIES 235,027 230,024
NET ASSETS 235,027 230,024
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 235,023 230,020
SHAREHOLDERS' FUNDS 235,027 230,024
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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 her 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
Ms Abigail Grey
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grey & Company (Wembley) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02621069 . The registered office is 604 High Road, Wembley, Middx, HA0 2AF.
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. 
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 5 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:
Leasehold straight line over the lease term
Plant & Machinery 25% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 22,914
As at 31 December 2024 22,914
Amortisation
As at 1 January 2024 9,604
Provided during the period 4,583
As at 31 December 2024 14,187
Net Book Value
As at 31 December 2024 8,727
As at 1 January 2024 13,310
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2024 39,907 51,325 91,232
Additions 1,450 2,364 3,814
As at 31 December 2024 41,357 53,689 95,046
Depreciation
As at 1 January 2024 9,002 42,483 51,485
Provided during the period 5,959 5,998 11,957
As at 31 December 2024 14,961 48,481 63,442
Net Book Value
As at 31 December 2024 26,396 5,208 31,604
As at 1 January 2024 30,905 8,842 39,747
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,388 11,996
Prepayments and accrued income 23,133 31,483
Other debtors 17,167 92,202
Director's loan account - 8,519
57,688 144,200
Due after more than one year
Other debtors 167,877 -
225,565 144,200
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,402 26,678
Bank loans and overdrafts - 5,076
Corporation tax 9,359 23,845
Other taxes and social security 8,345 7,862
VAT 23,969 25,888
Other creditors 1,194 -
Accruals and deferred income 7,421 8,590
73,690 97,939
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to officers:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Ms Abigail Grey 8,519 18,984 27,503 - -
10. Related Party Transactions
An interest free, unsecured loan of £167,877 was due from Freepy Ltd at the year end (2023: £40,386). Director Abigail Grey holds a significant interest in Freepy Ltd.
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