Acorah Software Products - Accounts Production 16.6.920 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 13907505 Mrs Olubukunola Adenuga Miss Olaoluwa Adenuga iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13907505 2024-02-29 13907505 2025-02-28 13907505 2024-03-01 2025-02-28 13907505 frs-core:CurrentFinancialInstruments 2025-02-28 13907505 frs-core:Non-currentFinancialInstruments 2025-02-28 13907505 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 13907505 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 13907505 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 13907505 frs-core:ShareCapital 2025-02-28 13907505 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13907505 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13907505 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13907505 frs-bus:SmallEntities 2024-03-01 2025-02-28 13907505 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13907505 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13907505 frs-bus:Director1 2024-03-01 2025-02-28 13907505 frs-bus:Director2 2024-03-01 2025-02-28 13907505 frs-countries:EnglandWales 2024-03-01 2025-02-28 13907505 2023-02-28 13907505 2024-02-29 13907505 2023-03-01 2024-02-29 13907505 frs-core:CurrentFinancialInstruments 2024-02-29 13907505 frs-core:Non-currentFinancialInstruments 2024-02-29 13907505 frs-core:ShareCapital 2024-02-29 13907505 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 13907505
Graceful Enterprise Limited
Financial Statements
For The Year Ended 28 February 2025
Rock2 Consulting Limited
IFA
Office 5231,
58 Peregrine Road
Hainault, Ilford
Essex
IG6 3SZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13907505
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 323,298 337,354
323,298 337,354
CURRENT ASSETS
Cash at bank and in hand 31,869 2,350
31,869 2,350
Creditors: Amounts Falling Due Within One Year 5 (1,200 ) (1,200 )
NET CURRENT ASSETS (LIABILITIES) 30,669 1,150
TOTAL ASSETS LESS CURRENT LIABILITIES 353,967 338,504
Creditors: Amounts Falling Due After More Than One Year 6 (397,306 ) (363,743 )
NET LIABILITIES (43,339 ) (25,239 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (43,341 ) (25,241 )
SHAREHOLDERS' FUNDS (43,339) (25,239)
Page 1
Page 2
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.
On behalf of the board
Mrs Olubukunola Adenuga
Director
29/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Graceful Enterprise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13907505 . The registered office is 96, Carnach Green, South Ockendon, Essex, RM15 5PX.
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. 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 Depreciation Policy - Straight line 25 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 March 2024 351,410
As at 28 February 2025 351,410
Depreciation
As at 1 March 2024 14,056
Provided during the period 14,056
As at 28 February 2025 28,112
Net Book Value
As at 28 February 2025 323,298
As at 1 March 2024 337,354
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 1,200 1,200
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 245,032 240,040
Other creditors 152,274 123,703
397,306 363,743
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4