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 04421104 Mr Gerald Lawson Mr Michael Lawson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04421104 2023-12-31 04421104 2024-12-31 04421104 2024-01-01 2024-12-31 04421104 frs-core:CurrentFinancialInstruments 2024-12-31 04421104 frs-core:Non-currentFinancialInstruments 2024-12-31 04421104 frs-core:BetweenOneFiveYears 2024-12-31 04421104 frs-core:ComputerEquipment 2024-12-31 04421104 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04421104 frs-core:ComputerEquipment 2023-12-31 04421104 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 04421104 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 04421104 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 04421104 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04421104 frs-core:FurnitureFittings 2024-12-31 04421104 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04421104 frs-core:FurnitureFittings 2023-12-31 04421104 frs-core:NetGoodwill 2024-01-01 2024-12-31 04421104 frs-core:MotorVehicles 2024-12-31 04421104 frs-core:MotorVehicles 2024-01-01 2024-12-31 04421104 frs-core:MotorVehicles 2023-12-31 04421104 frs-core:PlantMachinery 2024-12-31 04421104 frs-core:PlantMachinery 2024-01-01 2024-12-31 04421104 frs-core:PlantMachinery 2023-12-31 04421104 frs-core:WithinOneYear 2024-12-31 04421104 frs-core:ShareCapital 2024-12-31 04421104 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04421104 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04421104 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04421104 frs-bus:SmallEntities 2024-01-01 2024-12-31 04421104 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04421104 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04421104 frs-bus:Director1 2024-01-01 2024-12-31 04421104 frs-bus:Director2 2024-01-01 2024-12-31 04421104 frs-bus:Director3 2024-01-01 2024-12-31 04421104 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04421104 frs-countries:EnglandWales 2024-01-01 2024-12-31 04421104 2022-12-31 04421104 2023-12-31 04421104 2023-01-01 2023-12-31 04421104 frs-core:CurrentFinancialInstruments 2023-12-31 04421104 frs-core:Non-currentFinancialInstruments 2023-12-31 04421104 frs-core:BetweenOneFiveYears 2023-12-31 04421104 frs-core:WithinOneYear 2023-12-31 04421104 frs-core:ShareCapital 2023-12-31 04421104 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04421104
g & p Mechanical & Structural Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Blue Rocket Accounting
8 Twisleton Court Priory Hill
Dartford
Kent
DA1 2EN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04421104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 159 479
Tangible Assets 5 81,090 110,767
81,249 111,246
CURRENT ASSETS
Stocks 6 1,147,758 986,992
Debtors 7 1,344,370 1,416,960
Cash at bank and in hand 104,931 26,690
2,597,059 2,430,642
Creditors: Amounts Falling Due Within One Year 8 (2,189,925 ) (2,199,502 )
NET CURRENT ASSETS (LIABILITIES) 407,134 231,140
TOTAL ASSETS LESS CURRENT LIABILITIES 488,383 342,386
Creditors: Amounts Falling Due After More Than One Year 9 (24,056 ) (32,217 )
NET ASSETS 464,327 310,169
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 464,227 310,069
SHAREHOLDERS' FUNDS 464,327 310,169
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 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
Mr Michael Lawson
Director
30/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
g & p Mechanical & Structural Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04421104 . The registered office is Queenborough Business Centre, Unit 1, Argent Road, Queenborough, Sheerness, Kent, ME11 5HZ.
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. 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 the profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.6. 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 20% on cost
Motor Vehicles 25% Red. Bal.
Fixtures & Fittings 20% on cost
Computer Equipment 25% Red. Bal.
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.9. 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: 30 (2023: 30)
30 30
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2024 1,600
As at 31 December 2024 1,600
Amortisation
As at 1 January 2024 1,121
Impairment losses 320
As at 31 December 2024 1,441
Net Book Value
As at 31 December 2024 159
As at 1 January 2024 479
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 145,618 149,966 7,912 3,245 306,741
Additions 667 - 412 1,180 2,259
As at 31 December 2024 146,285 149,966 8,324 4,425 309,000
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 101,660 90,377 1,629 2,308 195,974
Provided during the period 12,083 17,705 1,621 527 31,936
As at 31 December 2024 113,743 108,082 3,250 2,835 227,910
Net Book Value
As at 31 December 2024 32,542 41,884 5,074 1,590 81,090
As at 1 January 2024 43,958 59,589 6,283 937 110,767
6. Stocks
2024 2023
£ £
Stock 405,000 405,000
Work in progress 742,758 581,992
1,147,758 986,992
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 622,919 813,615
Amounts owed by group undertakings 12,783 19,053
Other debtors 708,668 584,292
1,344,370 1,416,960
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,359 20,219
Trade creditors 1,594,153 1,044,781
Bank loans and overdrafts 17,013 14,779
Other loans 120,616 61,171
Amounts owed to group undertakings 12,000 6,000
Other creditors (168,542) 249,142
Taxation and social security 605,326 803,410
2,189,925 2,199,502
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,932 17,967
Bank loans 4,124 14,250
24,056 32,217
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,496 21,819
Later than one year and not later than five years 20,006 19,178
30,502 40,997
Less: Finance charges allocated to future periods 1,211 2,811
29,291 38,186
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6