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 05595366 Mr B Nicholson Mr G Nicholson-Jack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05595366 2024-03-31 05595366 2025-03-31 05595366 2024-04-01 2025-03-31 05595366 frs-core:CurrentFinancialInstruments 2025-03-31 05595366 frs-core:Non-currentFinancialInstruments 2025-03-31 05595366 frs-core:BetweenOneFiveYears 2025-03-31 05595366 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05595366 frs-core:NetGoodwill 2025-03-31 05595366 frs-core:NetGoodwill 2024-04-01 2025-03-31 05595366 frs-core:NetGoodwill 2024-03-31 05595366 frs-core:MotorVehicles 2024-04-01 2025-03-31 05595366 frs-core:PlantMachinery 2025-03-31 05595366 frs-core:PlantMachinery 2024-04-01 2025-03-31 05595366 frs-core:PlantMachinery 2024-03-31 05595366 frs-core:WithinOneYear 2025-03-31 05595366 frs-core:ShareCapital 2025-03-31 05595366 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 05595366 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05595366 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05595366 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05595366 frs-bus:SmallEntities 2024-04-01 2025-03-31 05595366 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05595366 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05595366 frs-bus:Director1 2024-04-01 2025-03-31 05595366 frs-bus:Director1 2024-03-31 05595366 frs-bus:Director1 2025-03-31 05595366 frs-bus:Director2 2024-04-01 2025-03-31 05595366 frs-bus:Director2 2024-03-31 05595366 frs-bus:Director2 2025-03-31 05595366 frs-countries:EnglandWales 2024-04-01 2025-03-31 05595366 2023-03-31 05595366 2024-03-31 05595366 2023-04-01 2024-03-31 05595366 frs-core:CurrentFinancialInstruments 2024-03-31 05595366 frs-core:Non-currentFinancialInstruments 2024-03-31 05595366 frs-core:BetweenOneFiveYears 2024-03-31 05595366 frs-core:WithinOneYear 2024-03-31 05595366 frs-core:ShareCapital 2023-03-31 05595366 frs-core:ShareCapital 2024-03-31 05595366 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 05595366 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 05595366 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05595366
GSS Flooring Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 05595366
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 45,850 57,430
45,850 57,430
CURRENT ASSETS
Stocks 6 6,308 30,325
Debtors 7 254,248 115,241
Cash at bank and in hand 151,559 191,331
412,115 336,897
Creditors: Amounts Falling Due Within One Year 8 (180,573 ) (140,702 )
NET CURRENT ASSETS (LIABILITIES) 231,542 196,195
TOTAL ASSETS LESS CURRENT LIABILITIES 277,392 253,625
Creditors: Amounts Falling Due After More Than One Year 9 (1,759 ) (24,532 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,462 ) (14,357 )
NET ASSETS 264,171 214,736
CAPITAL AND RESERVES
Called up share capital 4 4
Profit and Loss Account 264,167 214,732
SHAREHOLDERS' FUNDS 264,171 214,736
Page 1
Page 2
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 B Nicholson
Director
16 December 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 4 200,632 200,636
Profit for the year and total comprehensive income - 117,772 117,772
Dividends paid - (103,672) (103,672)
As at 31 March 2024 and 1 April 2024 4 214,732 214,736
Profit for the year and total comprehensive income - 151,169 151,169
Dividends paid - (101,734) (101,734)
As at 31 March 2025 4 264,167 264,171
Page 3
Page 4
Notes to the Financial Statements
1. General Information
GSS Flooring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05595366 . The registered office is Unit 8 Fernacre Business Park, Budds Lane, Romsey, Hampshire, SO51 0HA.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 has been fully amortised to the profit and loss account.
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:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 20% on cost
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.
2.6. Financial Instruments
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
...CONTINUED
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2.6. Financial Instruments - continued
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 35,000
As at 31 March 2025 35,000
Amortisation
As at 1 April 2024 35,000
As at 31 March 2025 35,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
Page 5
Page 6
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 77,237
Additions 3,918
As at 31 March 2025 81,155
Depreciation
As at 1 April 2024 19,807
Provided during the period 15,498
As at 31 March 2025 35,305
Net Book Value
As at 31 March 2025 45,850
As at 1 April 2024 57,430
6. Stocks
2025 2024
£ £
Materials 6,308 5,000
Work in progress - 25,325
6,308 30,325
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 139,250 81,935
Amounts recoverable on contracts 42,792 -
Amounts owed by participating interests - 1,634
Other debtors 72,206 31,672
254,248 115,241
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,776 28,131
Bank loans and overdrafts 22,881 25,661
Amounts owed to participating interests 161 -
Other creditors 35,696 39,118
Taxation and social security 112,059 47,792
180,573 140,702
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,759 24,532
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 11,791 15,955
Later than one year and not later than five years 43,612 69,940
55,403 85,895
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Barry Nicholson 19,613 96,351 (66,586 ) - 49,378
Mr George Nicholson-Jack - 3,615 (960 ) - 2,655
The above loans are unsecured, interest free and repayable on demand.
12. Related Party Transactions
Included within debtors due within one year is an amount totalling £Nil (2024: £1,634) owed from Ms M Jack a 22.5% shareholder of the company.
Included withing creditors amounts falling due within one year is an amount totalling £161 (2024: £Nil) owing to Ms M Jack a 22.5% shareholder of the company.
The above loans are unsecured, interest free and repayable on demand.
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