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 10309379 Mr Andrew Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10309379 2024-08-31 10309379 2025-08-31 10309379 2024-09-01 2025-08-31 10309379 frs-core:CurrentFinancialInstruments 2025-08-31 10309379 frs-core:Non-currentFinancialInstruments 2025-08-31 10309379 frs-core:BetweenOneFiveYears 2025-08-31 10309379 frs-core:ComputerEquipment 2025-08-31 10309379 frs-core:ComputerEquipment 2024-09-01 2025-08-31 10309379 frs-core:ComputerEquipment 2024-08-31 10309379 frs-core:FurnitureFittings 2024-09-01 2025-08-31 10309379 frs-core:MotorVehicles 2024-09-01 2025-08-31 10309379 frs-core:PlantMachinery 2025-08-31 10309379 frs-core:PlantMachinery 2024-09-01 2025-08-31 10309379 frs-core:PlantMachinery 2024-08-31 10309379 frs-core:WithinOneYear 2025-08-31 10309379 frs-core:ShareCapital 2025-08-31 10309379 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 10309379 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 10309379 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 10309379 frs-bus:SmallEntities 2024-09-01 2025-08-31 10309379 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 10309379 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 10309379 frs-bus:Director1 2024-09-01 2025-08-31 10309379 frs-countries:EnglandWales 2024-09-01 2025-08-31 10309379 2023-08-31 10309379 2024-08-31 10309379 2023-09-01 2024-08-31 10309379 frs-core:CurrentFinancialInstruments 2024-08-31 10309379 frs-core:Non-currentFinancialInstruments 2024-08-31 10309379 frs-core:BetweenOneFiveYears 2024-08-31 10309379 frs-core:WithinOneYear 2024-08-31 10309379 frs-core:ShareCapital 2024-08-31 10309379 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 10309379
GGFM Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10309379
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,621 64,233
84,621 64,233
CURRENT ASSETS
Stocks 5 60,970 109,000
Debtors 6 1,294,583 1,144,946
Cash at bank and in hand 80,052 7,422
1,435,605 1,261,368
Creditors: Amounts Falling Due Within One Year 7 (565,399 ) (585,996 )
NET CURRENT ASSETS (LIABILITIES) 870,206 675,372
TOTAL ASSETS LESS CURRENT LIABILITIES 954,827 739,605
Creditors: Amounts Falling Due After More Than One Year 8 (57,701 ) (163,367 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,749 ) (7,749 )
NET ASSETS 889,377 568,489
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 889,376 568,488
SHAREHOLDERS' FUNDS 889,377 568,489
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Andrew Webb
Director
08/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GGFM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10309379 . The registered office is The Old Barn Off Wood Street, Swanley Village, Swanley, Kent, BR8 7PA.
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.
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:
Plant & Machinery 15% WDV
Motor Vehicles
Fixtures & Fittings
Computer Equipment 15% WDV
2.4. 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.
2.5. 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.
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2.6. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
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.
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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2024 112,405 3,655 116,060
Additions 62,500 2,248 64,748
Disposals (34,620 ) - (34,620 )
As at 31 August 2025 140,285 5,903 146,188
Depreciation
As at 1 September 2024 49,939 1,888 51,827
Provided during the period 14,331 602 14,933
Disposals (5,193 ) - (5,193 )
As at 31 August 2025 59,077 2,490 61,567
Net Book Value
As at 31 August 2025 81,208 3,413 84,621
As at 1 September 2024 62,466 1,767 64,233
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5. Stocks
2025 2024
£ £
Stock 60,970 109,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 3,727 7,090
Other debtors 5,000 50,000
Amounts owed by associates - 1,087,856
Amounts owed by other participating interests 1,285,856 -
1,294,583 1,144,946
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 875 -
Trade creditors 2,799 81,450
Bank loans and overdrafts - 45,000
Corporation tax 105,534 78,775
VAT 31,803 47
Other creditors 229,266 225,470
Director's loan account 195,122 155,254
565,399 585,996
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,407 122,117
Bank loans 42,294 41,250
57,701 163,367
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Page 6
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 875 -
Later than one year and not later than five years 15,407 122,117
16,282 122,117
16,282 122,117
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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