Acorah Software Products - Accounts Production 16.7.461 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 07361954 Mr S R Batehup Mr P O Batehup iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07361954 2024-08-31 07361954 2025-08-31 07361954 2024-09-01 2025-08-31 07361954 frs-core:CurrentFinancialInstruments 2025-08-31 07361954 frs-core:Non-currentFinancialInstruments 2025-08-31 07361954 frs-core:BetweenOneFiveYears 2025-08-31 07361954 frs-core:ComputerEquipment 2025-08-31 07361954 frs-core:ComputerEquipment 2024-09-01 2025-08-31 07361954 frs-core:ComputerEquipment 2024-08-31 07361954 frs-core:FurnitureFittings 2025-08-31 07361954 frs-core:FurnitureFittings 2024-09-01 2025-08-31 07361954 frs-core:FurnitureFittings 2024-08-31 07361954 frs-core:MotorVehicles 2025-08-31 07361954 frs-core:MotorVehicles 2024-09-01 2025-08-31 07361954 frs-core:MotorVehicles 2024-08-31 07361954 frs-core:WithinOneYear 2025-08-31 07361954 frs-core:ShareCapital 2025-08-31 07361954 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 07361954 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07361954 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 07361954 frs-bus:SmallEntities 2024-09-01 2025-08-31 07361954 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 07361954 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07361954 frs-bus:Director1 2024-09-01 2025-08-31 07361954 frs-bus:Director1 2024-08-31 07361954 frs-bus:Director1 2025-08-31 07361954 frs-bus:Director2 2024-09-01 2025-08-31 07361954 frs-bus:Director2 2024-08-31 07361954 frs-bus:Director2 2025-08-31 07361954 frs-core:CurrentFinancialInstruments 9 2025-08-31 07361954 frs-countries:EnglandWales 2024-09-01 2025-08-31 07361954 2023-08-31 07361954 2024-08-31 07361954 2023-09-01 2024-08-31 07361954 frs-core:CurrentFinancialInstruments 2024-08-31 07361954 frs-core:Non-currentFinancialInstruments 2024-08-31 07361954 frs-core:BetweenOneFiveYears 2024-08-31 07361954 frs-core:WithinOneYear 2024-08-31 07361954 frs-core:ShareCapital 2024-08-31 07361954 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07361954 frs-core:CurrentFinancialInstruments 9 2024-08-31
Registered number: 07361954
GPB (Mastics) Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Cornfield Accountants Limited
Chartered Accountants
5 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07361954
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,177 101,107
84,177 101,107
CURRENT ASSETS
Stocks 5 113,236 41,485
Debtors 6 390,829 497,201
Cash at bank and in hand 56,559 773
560,624 539,459
Creditors: Amounts Falling Due Within One Year 7 (153,919 ) (180,640 )
NET CURRENT ASSETS (LIABILITIES) 406,705 358,819
TOTAL ASSETS LESS CURRENT LIABILITIES 490,882 459,926
Creditors: Amounts Falling Due After More Than One Year 8 (15,103 ) (34,562 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,044 ) (25,327 )
NET ASSETS 454,735 400,037
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 454,635 399,937
SHAREHOLDERS' FUNDS 454,735 400,037
Page 1
Page 2
For the year ending 31 August 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
Mr S R Batehup
Director
01/12/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GPB (Mastics) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07361954 . The registered office is 5 Cornfield Terrace, Eastbourne, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Significant judgements and estimations
the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates are underlying assumptions and are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Valuation of amounts recoverable on contract
The valuation of amounts recoverable on contract is calculated using the fair value of each job completion. The values are calculated in accordance with one of three valuation methods, specified in the initial contract, as defined within the turnover accounting policy.
2.3. 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.
Page 3
Page 4
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, assets held under finance leases are depreciated in the same way as owned assets:
Motor Vehicles 25% on reducing balance
Plant & Machinery 25% on reducing balance
Computer Equipment 3 year straight line
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 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.
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.
Page 4
Page 5
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, including directors, during the year was as follows: 5 (2024: 6)
5 6
4. Tangible Assets
Motor Vehicles Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 138,924 78,435 11,350 228,709
Additions - 10,772 756 11,528
As at 31 August 2025 138,924 89,207 12,106 240,237
Depreciation
As at 1 September 2024 86,324 30,675 10,603 127,602
Provided during the period 13,150 14,633 675 28,458
As at 31 August 2025 99,474 45,308 11,278 156,060
Net Book Value
As at 31 August 2025 39,450 43,899 828 84,177
As at 1 September 2024 52,600 47,760 747 101,107
5. Stocks
2025 2024
£ £
Stock 113,236 41,485
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 159,424 339,383
Amounts recoverable on contracts 139,444 60,114
Other debtors 25,929 62,344
Prepayments 28,432 29,642
VAT 11,781 5,718
Directors' loan accounts 25,819 -
390,829 497,201
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,959 12,199
Trade creditors 64,158 77,736
Bank loans and overdrafts 7,500 35,223
Corporation tax 22,796 17,421
Other taxes and social security 11,039 2,221
Other creditors 32,022 33,500
Accruals and deferred income 4,445 2,340
153,919 180,640
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,103 27,062
Bank loans - 7,500
15,103 34,562
9. Secured Creditors
Of the creditors the following amounts are secured.
The creditors are secured against the asset to which they relate.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 27,062 39,261
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,959 12,199
Later than one year and not later than five years 15,103 27,062
27,062 39,261
27,062 39,261
Page 6
Page 7
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 12,000 11,250
Later than one year and not later than five years 9,000 21,000
21,000 32,250
These lease payments relate to a commercial unit.
12. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £873 (2024 - £nil) were due to the fund. They are included in Other Creditors.
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mr Stephen Batehup - 3,284 - - 3,284
Mr Paul Batehup - 22,535 - - 22,535
The above loans are unsecured and repayable on demand. Interest has been charged on these amounts in line with HMRC beneficial loan arrangement rules.
14. Related Party Transactions
At the year end, the company owed £4,200 (2024 - £769) to SRB Quantum Ltd, a company under common control, and this balance is included in trade creditors. 
During the year, SRB Quantum Ltd provided consultancy services to the company totalling £46,850 (2024 - £20,410).
Included within other debtors is an amount of £2,290 (2024 - £2,108) owed by South Coast Mastics Ltd, a company under common control. This amount is unsecured, interest free and repayable on demand.
Page 7