Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 03720136 Mr Nigel Syner Mrs Cheryl Syner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03720136 2025-03-31 03720136 2026-03-31 03720136 2025-04-01 2026-03-31 03720136 frs-core:CurrentFinancialInstruments 2026-03-31 03720136 frs-core:ComputerEquipment 2026-03-31 03720136 frs-core:ComputerEquipment 2025-04-01 2026-03-31 03720136 frs-core:ComputerEquipment 2025-03-31 03720136 frs-core:FurnitureFittings 2026-03-31 03720136 frs-core:FurnitureFittings 2025-04-01 2026-03-31 03720136 frs-core:FurnitureFittings 2025-03-31 03720136 frs-core:PlantMachinery 2026-03-31 03720136 frs-core:PlantMachinery 2025-04-01 2026-03-31 03720136 frs-core:PlantMachinery 2025-03-31 03720136 frs-core:ShareCapital 2026-03-31 03720136 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 03720136 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 03720136 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 03720136 frs-bus:SmallEntities 2025-04-01 2026-03-31 03720136 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 03720136 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 03720136 frs-bus:Director1 2025-04-01 2026-03-31 03720136 frs-bus:Director1 2025-03-31 03720136 frs-bus:Director1 2026-03-31 03720136 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 03720136 frs-countries:EnglandWales 2025-04-01 2026-03-31 03720136 2024-03-31 03720136 2025-03-31 03720136 2024-04-01 2025-03-31 03720136 frs-core:CurrentFinancialInstruments 2025-03-31 03720136 frs-core:ShareCapital 2025-03-31 03720136 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 03720136
Global Bearings & Transmission Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Paul S Axcell
Chartered Accountant
10 Springfield
Ovington
Prudhoe
Northumberland
NE42 6EH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03720136
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,887 5,750
4,887 5,750
CURRENT ASSETS
Stocks 5 71,065 120,468
Debtors 6 81,600 85,713
Cash at bank and in hand 161,555 214,316
314,220 420,497
Creditors: Amounts Falling Due Within One Year 7 (59,672 ) (107,144 )
NET CURRENT ASSETS (LIABILITIES) 254,548 313,353
TOTAL ASSETS LESS CURRENT LIABILITIES 259,435 319,103
NET ASSETS 259,435 319,103
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 258,435 318,103
SHAREHOLDERS' FUNDS 259,435 319,103
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For the year ending 31 March 2026 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 Nigel Syner
Director
3rd June 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Global Bearings & Transmission Limited Registered number 03720136 is a limited by shares company incorporated in England & Wales. The Registered Office is 10 Springfield, Ovington, Prudhoe, Northumberland, NE42 6EH.
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. 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.
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% reducing balance basis
Fixtures & Fittings 15% reducing balance basis
Computer Equipment 15% reducing balance basis
2.4. 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.
2.5. 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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2.6. 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 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: 4 (2025: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 364 10,329 8,045 18,738
As at 31 March 2026 364 10,329 8,045 18,738
Depreciation
As at 1 April 2025 291 7,993 4,704 12,988
Provided during the period 11 351 501 863
As at 31 March 2026 302 8,344 5,205 13,851
Net Book Value
As at 31 March 2026 62 1,985 2,840 4,887
As at 1 April 2025 73 2,336 3,341 5,750
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5. Stocks
2026 2025
£ £
Materials 71,065 120,468
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 76,519 84,988
Other debtors 5,081 725
81,600 85,713
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 45,157 93,480
Bank loans and overdrafts 244 112
Other creditors 2,935 2,520
Taxation and social security 11,336 11,032
59,672 107,144
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Nigel Syner - 888 - - 888
The above loan is unsecured, interest free and repayable on demand.
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