Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11912966 Mr Spencer Gilbert Mr Perry Rose Gilbert & Rose Holdings Ltd MSB House, 35 Websters Way, Rayleigh, Essex, SS6 8JQ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11912966 2024-03-31 11912966 2025-03-31 11912966 2024-04-01 2025-03-31 11912966 frs-core:CurrentFinancialInstruments 2025-03-31 11912966 frs-core:Non-currentFinancialInstruments 2025-03-31 11912966 frs-core:BetweenOneFiveYears 2025-03-31 11912966 frs-core:ComputerEquipment 2025-03-31 11912966 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11912966 frs-core:ComputerEquipment 2024-03-31 11912966 frs-core:FurnitureFittings 2025-03-31 11912966 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11912966 frs-core:FurnitureFittings 2024-03-31 11912966 frs-core:NetGoodwill 2025-03-31 11912966 frs-core:NetGoodwill 2024-04-01 2025-03-31 11912966 frs-core:NetGoodwill 2024-03-31 11912966 frs-core:MotorVehicles 2025-03-31 11912966 frs-core:MotorVehicles 2024-04-01 2025-03-31 11912966 frs-core:MotorVehicles 2024-03-31 11912966 frs-core:PlantMachinery 2025-03-31 11912966 frs-core:PlantMachinery 2024-04-01 2025-03-31 11912966 frs-core:PlantMachinery 2024-03-31 11912966 frs-core:WithinOneYear 2025-03-31 11912966 frs-core:ShareCapital 2025-03-31 11912966 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11912966 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11912966 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11912966 frs-bus:SmallEntities 2024-04-01 2025-03-31 11912966 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11912966 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11912966 1 2024-04-01 2025-03-31 11912966 frs-bus:Director1 2024-04-01 2025-03-31 11912966 frs-bus:Director2 2024-04-01 2025-03-31 11912966 frs-core:CurrentFinancialInstruments 1 2025-03-31 11912966 frs-core:CurrentFinancialInstruments 2 2025-03-31 11912966 frs-countries:EnglandWales 2024-04-01 2025-03-31 11912966 2023-03-31 11912966 2024-03-31 11912966 2023-04-01 2024-03-31 11912966 frs-core:CurrentFinancialInstruments 2024-03-31 11912966 frs-core:Non-currentFinancialInstruments 2024-03-31 11912966 frs-core:BetweenOneFiveYears 2024-03-31 11912966 frs-core:MotorVehicles 2023-04-01 2024-03-31 11912966 frs-core:WithinOneYear 2024-03-31 11912966 frs-core:ShareCapital 2024-03-31 11912966 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11912966 frs-core:CurrentFinancialInstruments 1 2024-03-31 11912966 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 11912966
Gilbert & Rose Sales Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
MSB Rayleigh
MSB House
35 Websters Way
Rayleigh
Essex
SS6 8JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11912966
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 384,159 -
Tangible Assets 5 196,895 222,049
581,054 222,049
CURRENT ASSETS
Debtors 7 1,237,137 1,310,332
Cash at bank and in hand 345,716 176,053
1,582,853 1,486,385
Creditors: Amounts Falling Due Within One Year 8 (1,055,945 ) (631,932 )
NET CURRENT ASSETS (LIABILITIES) 526,908 854,453
TOTAL ASSETS LESS CURRENT LIABILITIES 1,107,962 1,076,502
Creditors: Amounts Falling Due After More Than One Year 9 (352,476 ) (91,221 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,224 ) (55,512 )
NET ASSETS 706,262 929,769
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 706,162 929,669
SHAREHOLDERS' FUNDS 706,262 929,769
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For the year ending 31 March 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 Spencer Gilbert
Director
Mr Perry Rose
Director
29/08/2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Gilbert & Rose Sales Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11912966 . The registered office is 35 Websters Way, Rayleigh, Essex, SS6 8JQ.
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 10 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:
Website 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 42 (2024: 39)
42 39
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 -
Additions 408,085
As at 31 March 2025 408,085
Amortisation
As at 1 April 2024 -
Provided during the period 23,926
As at 31 March 2025 23,926
Net Book Value
As at 31 March 2025 384,159
As at 1 April 2024 -
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5. Tangible Assets
Website Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 42,155 154,760 100,306 110,104 407,325
Additions - - 6,532 28,324 34,856
As at 31 March 2025 42,155 154,760 106,838 138,428 442,181
Depreciation
As at 1 April 2024 27,916 64,607 47,822 44,931 185,276
Provided during the period 3,560 22,538 13,926 19,986 60,010
As at 31 March 2025 31,476 87,145 61,748 64,917 245,286
Net Book Value
As at 31 March 2025 10,679 67,615 45,090 73,511 196,895
As at 1 April 2024 14,239 90,153 52,484 65,173 222,049
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 67,615 90,153
6. Stocks
2025 2024
£ £
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 575,624 557,346
Prepayments and accrued income 24,404 -
Other debtors - goodwill loan 385,800 385,800
Staff loans 1,100 -
Directors' loan accounts - 70,044
Amounts owed by associates 250,209 297,142
1,237,137 1,310,332
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,078 12,078
Trade creditors 16,895 22,338
Bank loans and overdrafts 10,000 10,000
FXP loan - 404,000
Shah loan < 1 year 200,000 -
Corporation tax 52,997 49,699
Other taxes and social security 36,194 25,336
VAT 141,458 56,659
Pension fund 6,641 4,272
Deferred consideration 141,669 -
Prime - group creditor 213,498 -
Accruals and deferred income 213,777 47,550
Directors' loan accounts 10,738 -
1,055,945 631,932
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 67,476 79,554
Bank loan (Long term liabilities - creditors > 1 year) 1,667 11,667
Shah loan > 1 year 283,333 -
352,476 91,221
10. Secured Creditors
Of the creditors the following amounts are secured, these are secured against all property or undertaking of Gilbert & Rose Sales Ltd. 
2025 2024
£ £
Bank loans and overdrafts 483,333 404,000
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,078 12,078
Later than one year and not later than five years 67,476 79,554
79,554 91,632
79,554 91,632
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Gilbert & Rose Holdings Ltd . Gilbert & Rose Holdings Ltd was incorporated in England & Wales. The ultimate controlling party is Gilbert & Rose Holdings Ltd who controls 100% of the shares of Gilbert & Rose Sales Ltd .
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