Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08738218 Mrs Brigitte Girling Mr Stuart Girling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08738218 2023-12-31 08738218 2024-12-31 08738218 2024-01-01 2024-12-31 08738218 frs-core:CurrentFinancialInstruments 2024-12-31 08738218 frs-core:Non-currentFinancialInstruments 2024-12-31 08738218 frs-core:BetweenOneFiveYears 2024-12-31 08738218 frs-core:ComputerEquipment 2024-12-31 08738218 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08738218 frs-core:ComputerEquipment 2023-12-31 08738218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 08738218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08738218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08738218 frs-core:WithinOneYear 2024-12-31 08738218 frs-core:ShareCapital 2024-12-31 08738218 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08738218 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08738218 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08738218 frs-bus:SmallEntities 2024-01-01 2024-12-31 08738218 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08738218 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08738218 frs-core:UnlistedNon-exchangeTraded 2024-12-31 08738218 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08738218 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08738218 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 08738218 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08738218 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 08738218 frs-bus:Director1 2024-01-01 2024-12-31 08738218 frs-bus:Director2 2024-01-01 2024-12-31 08738218 frs-countries:EnglandWales 2024-01-01 2024-12-31 08738218 2022-12-31 08738218 2023-12-31 08738218 2023-01-01 2023-12-31 08738218 frs-core:CurrentFinancialInstruments 2023-12-31 08738218 frs-core:Non-currentFinancialInstruments 2023-12-31 08738218 frs-core:BetweenOneFiveYears 2023-12-31 08738218 frs-core:WithinOneYear 2023-12-31 08738218 frs-core:ShareCapital 2023-12-31 08738218 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08738218
Girling & Company Software Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08738218
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,656,315 1,788,371
Tangible Assets 5 9,655 15,028
Investments 6 101,200 101,200
1,767,170 1,904,599
CURRENT ASSETS
Debtors 7 85,808 85,112
Cash at bank and in hand 70,753 3,610
156,561 88,722
Creditors: Amounts Falling Due Within One Year 8 (151,212 ) (60,377 )
NET CURRENT ASSETS (LIABILITIES) 5,349 28,345
TOTAL ASSETS LESS CURRENT LIABILITIES 1,772,519 1,932,944
Creditors: Amounts Falling Due After More Than One Year 9 (1,816,170 ) (1,588,953 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,834 ) (2,855 )
NET (LIABILITIES)/ASSETS (45,485 ) 341,136
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (45,585 ) 341,036
SHAREHOLDERS' FUNDS (45,485) 341,136
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For the year ending 31 December 2024 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 Stuart Girling
Director
17 September 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
Girling & Company Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08738218 . The registered office is Brook House, Bury Road, Rickinghall, Diss, Norfolk, IP22 1HA.
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 recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Software development is being amortised evenly over it's useful life of 10 years.
2.4. Research and Development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
2.5. 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:
Office Equipment 33% on cost
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
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: 8 (2023: 7)
8 7
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 1,987,079
Additions 74,058
As at 31 December 2024 2,061,137
Amortisation
As at 1 January 2024 198,708
Impairment losses 206,114
As at 31 December 2024 404,822
...CONTINUED
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Net Book Value
As at 31 December 2024 1,656,315
As at 1 January 2024 1,788,371
5. Tangible Assets
Office Equipment
£
Cost
As at 1 January 2024 24,790
Additions 1,818
As at 31 December 2024 26,608
Depreciation
As at 1 January 2024 9,762
Provided during the period 7,191
As at 31 December 2024 16,953
Net Book Value
As at 31 December 2024 9,655
As at 1 January 2024 15,028
6. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 101,200
As at 31 December 2024 101,200
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 101,200
As at 1 January 2024 101,200
Investments held as fixed assets are shown at cost less provision for impairment.
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,621 27,464
Prepayments and accrued income 7,043 12,422
Other debtors 47,144 45,226
85,808 85,112
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,166 29,204
Bank loans and overdrafts 5,556 5,556
Social security & other taxes 8,200 5,441
Other creditors 1,319 1,187
Accruals and deferred income 118,971 18,989
151,212 60,377
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 400,382 400,382
Bank loans 24,537 30,093
Accruals and deferred income 383,715 431,680
Amounts owed to related parties 1,007,536 726,798
1,816,170 1,588,953
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,500 12,500
Later than one year and not later than five years 2,083 14,583
14,583 27,083
12. Pension Commitments
The company operates a defined contribution pension scheme. 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 £1,319 (2023: £1,187) were due to the fund. They are included in Other Creditors.
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