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 06690139 Mr Rajeev Sharma Mrs Ena Sharma iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06690139 2023-12-31 06690139 2024-12-31 06690139 2024-01-01 2024-12-31 06690139 frs-core:CurrentFinancialInstruments 2024-12-31 06690139 frs-core:Non-currentFinancialInstruments 2024-12-31 06690139 frs-core:NetGoodwill 2024-12-31 06690139 frs-core:NetGoodwill 2024-01-01 2024-12-31 06690139 frs-core:NetGoodwill 2023-12-31 06690139 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 06690139 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06690139 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06690139 frs-core:PlantMachinery 2024-12-31 06690139 frs-core:PlantMachinery 2024-01-01 2024-12-31 06690139 frs-core:PlantMachinery 2023-12-31 06690139 frs-core:ShareCapital 2024-12-31 06690139 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06690139 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06690139 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06690139 frs-bus:SmallEntities 2024-01-01 2024-12-31 06690139 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06690139 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06690139 frs-bus:Director1 2024-01-01 2024-12-31 06690139 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06690139 frs-countries:EnglandWales 2024-01-01 2024-12-31 06690139 2022-12-31 06690139 2023-12-31 06690139 2023-01-01 2023-12-31 06690139 frs-core:CurrentFinancialInstruments 2023-12-31 06690139 frs-core:Non-currentFinancialInstruments 2023-12-31 06690139 frs-core:ShareCapital 2023-12-31 06690139 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06690139
G S Sub Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06690139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,085 117,746
Tangible Assets 5 74,876 82,435
174,961 200,181
CURRENT ASSETS
Stocks 6 10,856 31,257
Debtors 7 433,151 442,417
Cash at bank and in hand 28,126 34,350
472,133 508,024
Creditors: Amounts Falling Due Within One Year 8 (311,922 ) (481,348 )
NET CURRENT ASSETS (LIABILITIES) 160,211 26,676
TOTAL ASSETS LESS CURRENT LIABILITIES 335,172 226,857
Creditors: Amounts Falling Due After More Than One Year 9 (234,715 ) (150,424 )
NET ASSETS 100,457 76,433
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 100,257 76,233
SHAREHOLDERS' FUNDS 100,457 76,433
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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 his 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 Rajeev Sharma
Director
16 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
G S Sub Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06690139 . The registered office is 146, North Street, Brighton, East Sussex, BN1 1RE.
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 profit and loss account over its estimated economic life of 15 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 @ Rate 15%
Plant & Machinery Depreciation @ 15% reducing balance
2.5. 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.
2.6. 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.
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2.7. 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.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses
for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any
transaction costs and subsequently measured at amortised cost determined using the effective interest method, less
any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial
liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at
amortised cost determined using the effective interest method.
2.10. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date
as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the
amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 28)
23 28
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 303,998
As at 31 December 2024 303,998
Amortisation
As at 1 January 2024 186,252
Provided during the period 17,661
As at 31 December 2024 203,913
Net Book Value
As at 31 December 2024 100,085
As at 1 January 2024 117,746
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Goodwill is being written off in equal annual instalments over its estimated economic life of 15
years.
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2024 63,746 285,523 349,269
Additions 5,227 875 6,102
Disposals (6,444 ) - (6,444 )
As at 31 December 2024 62,529 286,398 348,927
Depreciation
As at 1 January 2024 62,081 204,753 266,834
Provided during the period 835 12,192 13,027
Disposals (5,810 ) - (5,810 )
As at 31 December 2024 57,106 216,945 274,051
Net Book Value
As at 31 December 2024 5,423 69,453 74,876
As at 1 January 2024 1,665 80,770 82,435
6. Stocks
2024 2023
£ £
Stock 10,856 31,257
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,006 11,806
Other debtors 423,145 430,611
433,151 442,417
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 95,995 183,924
Bank loans and overdrafts - 74,874
Other creditors 125,569 139,061
Taxation and social security 90,358 83,489
311,922 481,348
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 234,715 150,424
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Related Party Transactions
Mr Rajeev Sharma is director of the company. At the end of the year amount owed by the
company to the director is £1,040.48 (2023:£594.48).
During the year, the company has declared dividend of £22,000.00 (2023: £0.00).
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