Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 10 February 2023 false 1 March 2024 28 February 2025 28 February 2025 14655335 Mr B T Kemsley Dr V S Amin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14655335 2024-02-29 14655335 2025-02-28 14655335 2024-03-01 2025-02-28 14655335 frs-core:Non-currentFinancialInstruments 2025-02-28 14655335 frs-core:ComputerEquipment 2024-03-01 2025-02-28 14655335 frs-core:FurnitureFittings 2024-03-01 2025-02-28 14655335 frs-core:NetGoodwill 2024-03-01 2025-02-28 14655335 frs-core:ShareCapital 2025-02-28 14655335 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 14655335 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 14655335 frs-bus:AbridgedAccounts 2024-03-01 2025-02-28 14655335 frs-bus:SmallEntities 2024-03-01 2025-02-28 14655335 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 14655335 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 14655335 frs-bus:Director1 2024-03-01 2025-02-28 14655335 frs-bus:Director2 2024-03-01 2025-02-28 14655335 frs-countries:EnglandWales 2024-03-01 2025-02-28 14655335 2023-02-09 14655335 2024-02-29 14655335 2023-02-10 2024-02-29 14655335 frs-core:Non-currentFinancialInstruments 2024-02-29 14655335 frs-core:ShareCapital 2024-02-29 14655335 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 14655335
GRDC Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF
GRDC Ltd
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—5

Page 1
GRDC Ltd
Abridged Balance Sheet
As At 28 February 2025
Abridged Balance Sheet
Registered number: 14655335

| 28 February 2025 | 29 February 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 2,304,476 |  | -
Tangible Assets | 5 |  | 86,366 |  | -
|  |  | 2,390,842 |  | -
CURRENT ASSETS
Stocks |  | 45,901 |  | - |
Debtors |  | 39,108 |  | 30,751 |
Cash at bank and in hand |  | 282,468 |  | - |
|  | 367,477 |  | 30,751 |
Creditors: Amounts Falling Due Within One Year |  | (345,693 ) |  | (29,751 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 21,784 |  | 1,000
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,412,626 |  | 1,000
Creditors: Amounts Falling Due After More Than One Year |  |  | (2,325,617 ) |  | -
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (21,592 ) |  | -
NET ASSETS |  |  | 65,417 |  | 1,000
CAPITAL AND RESERVES
Called up share capital | 6 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 64,417 |  | -
SHAREHOLDERS' FUNDS |  |  | 65,417 |  | 1,000

Page 1
Page 2
GRDC Ltd
Abridged Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr B T Kemsley Director
15 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
GRDC Ltd
Notes to the Abridged Financial Statements
For The Year Ended 28 February 2025
Notes to the Abridged Financial Statements
1. General Information
GRDC Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14655335 . The registered office is 96 Goldsworth Road, Woking, GU21 6LN.
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 represents the total invoice value, excluding value added tax, of sales made during the period.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being
amortised evenly over its estimated useful life of twenty years.
The goodwill broadly reflects the patient list acquired in 2024 which is considered to suffer 5% attrition
each year.
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:

Fixtures & Fittings | 20% on Cost
Computer Equipment | 20% on Cost

2.5. 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.
2.6. Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond the normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for the objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured at the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Page 3
Page 4
GRDC Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 28 February 2025
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. 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.
3. Average Number of Employees
Average number of employees during the year was: 13 (2024: NIL)
13 -
4. Intangible Assets

| Total
--- | ---
| £
Cost
As at 1 March 2024 | -
Additions | 2,425,764
As at 28 February 2025 | 2,425,764
Amortisation
As at 1 March 2024 | -
Provided during the period | 121,288
As at 28 February 2025 | 121,288
Net Book Value
As at 28 February 2025 | 2,304,476
As at 1 March 2024 | -

Page 4
Page 5
GRDC Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 28 February 2025
5. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 March 2024 | -
Additions | 107,958
As at 28 February 2025 | 107,958
Depreciation
As at 1 March 2024 | -
Provided during the period | 21,592
As at 28 February 2025 | 21,592
Net Book Value
As at 28 February 2025 | 86,366
As at 1 March 2024 | -

6. Share Capital

| 28 February 2025 |  | 29 February 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

7. Related Party Transactions
During the year the company recieved a loan amounting to £265,685 and £274,644 from Carfax Properties Ltd and El Hogar Ltd respectively, who are both shareholders. These loans were provided under non-market terms and conditions. At the balance sheet date, the loan remains outstanding and is presented within Creditors: Amounts Falling Due After More Than One Year.
Page 5