GForce Software Limited - Filleted accounts

Registered number

04660835

GForce Software Limited

Filleted Accounts

31 March 2025

GForce Software Limited
Registered number:		04660835
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		33,788			36,630
Tangible assets	4		61,111			67,220
			94,899			103,850

Current assets
Cash at bank and in hand		572,673			480,322

Creditors: amounts falling due within one year	5	(128,358)			(117,439)

Net current assets			444,315			362,883

Total assets less current liabilities			539,214			466,733

Creditors: amounts falling due after more than one year	6		(238)			(9,396)

Provisions for liabilities			(7,194)			-


Net assets			531,782			457,337

Capital and reserves
Called up share capital			2			2
Profit and loss account			531,780			457,335

Shareholders' funds			531,782			457,337

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C D Macleod
Director
Approved by the board on 8 December 2025

GForce Software Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery	over 5 years
	Computer equipment	over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					43,729
	At 31 March 2025					43,729

	Amortisation
	At 1 April 2024					7,099
	Provided during the year					2,842
	At 31 March 2025					9,941

	Net book value
	At 31 March 2025					33,788
	At 31 March 2024					36,630

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	32,337		289,553		321,890
	Additions	-		14,193		14,193
	At 31 March 2025	32,337		303,746		336,083

	Depreciation
	At 1 April 2024	-		254,670		254,670
	Charge for the year	-		20,302		20,302
	At 31 March 2025	-		274,972		274,972

	Net book value
	At 31 March 2025	32,337		28,774		61,111
	At 31 March 2024	32,337		34,883		67,220


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			8,519		8,519
	Trade creditors			1,249		1,171
	Taxation and social security costs			85,054		71,522
	Other creditors			33,536		36,227
				128,358		117,439


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			238		9,396


7	Other information

	GForce Software Limited is a private company limited by shares and incorporated in England. Its registered office is: